Report Overview
The global electronic passport market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing demand for automation in authentification & verification process, rising demand for advanced verification process in the travel & tourism industry, and growing demand for biometric systems for passport verifications propelled by concerns such as cyberattacks are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over. __A market research report provides businesses with crucial insights into a specific industry, product, or market. The report typically begins with an executive summary, offering a concise overview of key findings and strategic recommendations. It then delves into the market overview, analysing the current size, growth trends, and key drivers that influence market dynamics. Segmentation is another critical aspect, breaking down the market by product type, end-users, and geographic regions to offer a more focused analysis.
Electronic Passports Market Size in (USD Billion) CAGR Growth Rate 18%
| Study Period | 2019-2031 |
| Market Size (2023): | 0.6Billion |
| Market Size (2031): | 1.5Billion |
| CAGR (2023 - 2031): | 18% |
| Fastest Growing Region | Europe |
| Dominating Region | North America |
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The Electronic Passports market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 18% during the forecast period. Valued at 0.6Billion, the market is expected to reach 1.5Billion by 2031, with a year-on-year growth rate of 16%.
The competitive landscape section outlines the key players, their strategies, market share, and a SWOT analysis, which aids businesses in understanding the competition and identifying opportunities for differentiation. Additionally, the report includes forecasts and emerging trends, providing data-driven projections that help businesses anticipate future market shifts. Finally, the report concludes with actionable recommendations, helping organizations make informed decisions and align strategies with market opportunities.
Electronic Passports Market Dynamics
Influencing Trend:
The Electronic Passports market is expanding due to:
- Security
- Innovation
Market Growth Drivers:
The report is able to determine and examine the elements propelling the Electronic Passports market's expansion.
- Rising Demand For Advanced Verification Process Propelled By Rising Safety & Security Concerns
- Rising Demand For Automation Across Authentification & Verification Operations
- Growing Demand For Biometric Systems In Passport Verification Propelled By Concerns Such As Cyberattacks
Challenges:
The research highlight the challenges faced by the industry, including
- Cost
Opportunities:
The research concludes with suggestions for investors, legislators, and industry participants. It draws attention to prospective opportunities.
- Opportunities In The Asia Pacific Region
Q&A in Our Report
A market research report addresses several key questions that are essential for strategic business planning. It first examines the market size and growth potential, helping businesses understand current opportunities and future expansion possibilities. It also explores the key drivers and challenges influencing the market, providing insight into factors that stimulate demand or create barriers to entry. Additionally, the report analyzes leading competitors and their strategies, giving businesses a clearer picture of the competitive landscape and potential areas for differentiation. By identifying major market trends, the report helps companies stay ahead of industry shifts and innovate accordingly. It also delves into key market segments, offering a more focused analysis based on product type, geography, or customer demographics. Lastly, the report provides future growth forecasts, enabling businesses to make informed long-term strategic decisions and investment plans based on predictive market analysis.Get Sample PDF Including (Statistical Data, Charts & Key Players)
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Key Highlights
• The Electronic Passports is growing at a CAGR of 18% during the forecasted period of 2023 to {FORECAT_YEAR}• Year on Year growth for the market is 16%
• North America dominated the market share of 0.6Billion in 2023
• Based on type, the market is bifurcated into Biometric, RFID, Smart, Secure segment, which dominated the market share during the forecasted period
Market Segmentation
The market is segmented by Type and Application, offering a comprehensive understanding of how different product categories and end-use cases contribute to the overall market landscape. This segmentation helps businesses pinpoint specific areas of opportunity and tailor their strategies accordingly.
Segmentation by Type
- Biometric
- RFID
- Smart
- Secure
Electronic Passports Market Segmentation by Type
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Segmentation by Application
- Government
- Immigration
- Travel
- Security
- Transportation
Electronic Passports Market Segmentation by Application
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This report also analyzes the market by region, providing insights into geographical differences in market performance.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Europe
Dominating Region
North America
Key Players
The companies profiled were selected based on insights from industry experts and a thorough evaluation of their market influence, product range, and geographical presence. Companies are increasingly focused on expanding their market share through strategic initiatives such as mergers, acquisitions, and green investments, particularly in underserved regions. These strategies are helping companies capture a larger market share while fostering sustainable development. By consolidating resources and widening their geographical reach, these companies not only enhance their competitive position but also align with global trends in sustainability and corporate responsibility.- CardLogix Corporation (United States)
- De La Rue (United Kingdom)
- Entrust Datacard Corporation (United States)
- Giesecke+Devrient Mobile Security GmbH (Germany)
- HID Global Corporation (United States)
- IDEMIA (France)
- Infineon Technologies AG (Germany)
- Mühlbauer Group (Germany)
- Safran (France)
Electronic Passports Market Segmentation by Players
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Regional Outlook
Factors driving this growth include technological advancements, growing consumer demand, and globalization. Businesses looking to capitalize on these trends should focus on product innovation, digital marketing, and market expansion to enhance revenue and market reach.The Europe is expected to witness the fastest growth due to its rising population and expanding economic activities across key sectors. Urbanization, infrastructure development, and supportive government policies are fueling this growth, supported by a young and dynamic workforce. Meanwhile, North America remains a leader, driven by well-established industries, technological innovation, and strong global influence.
• North America leads in technology, healthcare, and aerospace, with a focus on renewable energy and electric vehicles as part of its decarbonization efforts.
• Europe excels in automotive, renewable energy, and luxury goods, with investments in green hydrogen, offshore wind, and digital transformation.
• Asia-Pacific is dominant in manufacturing, semiconductors, and fintech, while investing heavily in 5G, AI, and smart city projects alongside renewable energy expansion.
• Latin America thrives in agriculture, commodities, and mining, focusing on infrastructure and the digital economy to drive growth.
• The Middle East and Africa remain centered on oil and gas but are increasingly diversifying into renewable energy and digital sectors, with Africa also seeing investments in healthcare and education.
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Report Infographics
Report Features | Details |
Base Year | 2023 |
Based Year Market Size (2023) | 0.6Billion |
Historical Period | 2019 to 2023 |
CAGR (2023 to 2030) | 18% |
Forecast Period | 2023 to 2031 |
Forecasted Period Market Size (2030) | 2031 |
Scope of the Report | Biometric, RFID, Smart, Secure, Government, Immigration, Travel, Security, Transportation |
Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
Companies Covered | CardLogix Corporation (United States), De La Rue (United Kingdom), Entrust Datacard Corporation (United States), Giesecke+Devrient Mobile Security GmbH (Germany), HID Global Corporation (United States), IDEMIA (France), Infineon Technologies AG (Germany), Mühlbauer Group (Germany), Safran (France) |
Customization Scope | 15% Free Customization (For EG) |
Delivery Format | PDF and Excel through Email |
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Electronic Passports - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Electronic Passports Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Electronic Passports Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Electronic Passports Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Rising Demand for Advanced Verification Process Propelled by Rising Safety & Security Concerns
- 3.1.2 Rising Demand for Automation Across Authentification & Verification Operations
- 3.1.3 Growing Demand for Biometric Systems in Passport Verification Propelled by Concerns such as Cyberattacks
-
3.2 Available Opportunities
- 3.2.1 Opportunities in the Asia Pacific Region
- 3.2.2
-
3.3 Influencing Trends
- 3.3.1 Security
- 3.3.2 Innovation
- 3.3.3 Integration
-
3.4 Challenges
- 3.4.1 Cost
- 3.4.2 Sourcing
- 3.5 Regional Dynamics
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Chapter 4 : Global Electronic Passports Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Electronic Passports Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Electronic Passports : Competition Benchmarking & Performance Evaluation
- 5.1 Global Electronic Passports Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Electronic Passports Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 FPNV Positioning Matrix
- 5.5 Heat Map Analysis
Chapter 6: Global Electronic Passports Market: Company Profiles
- 6.1 CardLogix Corporation (United States)
- 6.1.1 CardLogix Corporation (United States) Company Overview
- 6.1.2 CardLogix Corporation (United States) Product/Service Portfolio & Specifications
- 6.1.3 CardLogix Corporation (United States) Key Financial Metrics
- 6.1.4 CardLogix Corporation (United States) SWOT Analysis
- 6.1.5 CardLogix Corporation (United States) Development Activities
- 6.2 De La Rue (United Kingdom)
- 6.3 Entrust Datacard Corporation (United States)
- 6.4 Giesecke+Devrient Mobile Security GmbH (Germany)
- 6.5 HID Global Corporation (United States)
- 6.6 IDEMIA (France)
- 6.7 Infineon Technologies AG (Germany)
- 6.8 Mühlbauer Group (Germany)
- 6.9 Safran (France)
- 6.10 Thales (France)
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Chapter 7 : Global Electronic Passports by Type & Application (2019-2031)
-
7.1 Global Electronic Passports Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Biometric
- 7.1.2 RFID
- 7.1.3 Smart
- 7.1.4 Secure
- 7.1.5 Multi-purpose
-
7.2 Global Electronic Passports Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Government
- 7.2.2 Immigration
- 7.2.3 Travel
- 7.2.4 Security
- 7.2.5 Transportation
- 7.3 Global Electronic Passports Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Electronic Passports Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Electronic Passports Market Breakdown by Country, Type & Application
- 8.1 North America Electronic Passports Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Electronic Passports Market by Type (USD Million) [2019-2023]
- 8.2.1 Biometric
- 8.2.2 RFID
- 8.2.3 Smart
- 8.2.4 Secure
- 8.2.5 Multi-purpose
-
8.3 North America Electronic Passports Market by Application (USD Million) [2019-2023]
- 8.3.1 Government
- 8.3.2 Immigration
- 8.3.3 Travel
- 8.3.4 Security
- 8.3.5 Transportation
- 8.4 North America Electronic Passports Market by Country (USD Million) [2024-2031]
- 8.5 North America Electronic Passports Market by Type (USD Million) [2024-2031]
- 8.6 North America Electronic Passports Market by Application (USD Million) [2024-2031]
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Chapter 9 : LATAM Electronic Passports Market Breakdown by Country, Type & Application
- 9.1 LATAM Electronic Passports Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Electronic Passports Market by Type (USD Million) [2019-2023]
- 9.2.1 Biometric
- 9.2.2 RFID
- 9.2.3 Smart
- 9.2.4 Secure
- 9.2.5 Multi-purpose
-
9.3 LATAM Electronic Passports Market by Application (USD Million) [2019-2023]
- 9.3.1 Government
- 9.3.2 Immigration
- 9.3.3 Travel
- 9.3.4 Security
- 9.3.5 Transportation
- 9.4 LATAM Electronic Passports Market by Country (USD Million) [2024-2031]
- 9.5 LATAM Electronic Passports Market by Type (USD Million) [2024-2031]
- 9.6 LATAM Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 10 : West Europe Electronic Passports Market Breakdown by Country, Type & Application
- 10.1 West Europe Electronic Passports Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Electronic Passports Market by Type (USD Million) [2019-2023]
- 10.2.1 Biometric
- 10.2.2 RFID
- 10.2.3 Smart
- 10.2.4 Secure
- 10.2.5 Multi-purpose
-
10.3 West Europe Electronic Passports Market by Application (USD Million) [2019-2023]
- 10.3.1 Government
- 10.3.2 Immigration
- 10.3.3 Travel
- 10.3.4 Security
- 10.3.5 Transportation
- 10.4 West Europe Electronic Passports Market by Country (USD Million) [2024-2031]
- 10.5 West Europe Electronic Passports Market by Type (USD Million) [2024-2031]
- 10.6 West Europe Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 11 : Central & Eastern Europe Electronic Passports Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Electronic Passports Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Electronic Passports Market by Type (USD Million) [2019-2023]
- 11.2.1 Biometric
- 11.2.2 RFID
- 11.2.3 Smart
- 11.2.4 Secure
- 11.2.5 Multi-purpose
-
11.3 Central & Eastern Europe Electronic Passports Market by Application (USD Million) [2019-2023]
- 11.3.1 Government
- 11.3.2 Immigration
- 11.3.3 Travel
- 11.3.4 Security
- 11.3.5 Transportation
- 11.4 Central & Eastern Europe Electronic Passports Market by Country (USD Million) [2024-2031]
- 11.5 Central & Eastern Europe Electronic Passports Market by Type (USD Million) [2024-2031]
- 11.6 Central & Eastern Europe Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 12 : Northern Europe Electronic Passports Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Electronic Passports Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Electronic Passports Market by Type (USD Million) [2019-2023]
- 12.2.1 Biometric
- 12.2.2 RFID
- 12.2.3 Smart
- 12.2.4 Secure
- 12.2.5 Multi-purpose
-
12.3 Northern Europe Electronic Passports Market by Application (USD Million) [2019-2023]
- 12.3.1 Government
- 12.3.2 Immigration
- 12.3.3 Travel
- 12.3.4 Security
- 12.3.5 Transportation
- 12.4 Northern Europe Electronic Passports Market by Country (USD Million) [2024-2031]
- 12.5 Northern Europe Electronic Passports Market by Type (USD Million) [2024-2031]
- 12.6 Northern Europe Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 13 : Southern Europe Electronic Passports Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Electronic Passports Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Electronic Passports Market by Type (USD Million) [2019-2023]
- 13.2.1 Biometric
- 13.2.2 RFID
- 13.2.3 Smart
- 13.2.4 Secure
- 13.2.5 Multi-purpose
-
13.3 Southern Europe Electronic Passports Market by Application (USD Million) [2019-2023]
- 13.3.1 Government
- 13.3.2 Immigration
- 13.3.3 Travel
- 13.3.4 Security
- 13.3.5 Transportation
- 13.4 Southern Europe Electronic Passports Market by Country (USD Million) [2024-2031]
- 13.5 Southern Europe Electronic Passports Market by Type (USD Million) [2024-2031]
- 13.6 Southern Europe Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 14 : East Asia Electronic Passports Market Breakdown by Country, Type & Application
- 14.1 East Asia Electronic Passports Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Electronic Passports Market by Type (USD Million) [2019-2023]
- 14.2.1 Biometric
- 14.2.2 RFID
- 14.2.3 Smart
- 14.2.4 Secure
- 14.2.5 Multi-purpose
-
14.3 East Asia Electronic Passports Market by Application (USD Million) [2019-2023]
- 14.3.1 Government
- 14.3.2 Immigration
- 14.3.3 Travel
- 14.3.4 Security
- 14.3.5 Transportation
- 14.4 East Asia Electronic Passports Market by Country (USD Million) [2024-2031]
- 14.5 East Asia Electronic Passports Market by Type (USD Million) [2024-2031]
- 14.6 East Asia Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 15 : Southeast Asia Electronic Passports Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Electronic Passports Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Electronic Passports Market by Type (USD Million) [2019-2023]
- 15.2.1 Biometric
- 15.2.2 RFID
- 15.2.3 Smart
- 15.2.4 Secure
- 15.2.5 Multi-purpose
-
15.3 Southeast Asia Electronic Passports Market by Application (USD Million) [2019-2023]
- 15.3.1 Government
- 15.3.2 Immigration
- 15.3.3 Travel
- 15.3.4 Security
- 15.3.5 Transportation
- 15.4 Southeast Asia Electronic Passports Market by Country (USD Million) [2024-2031]
- 15.5 Southeast Asia Electronic Passports Market by Type (USD Million) [2024-2031]
- 15.6 Southeast Asia Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 16 : South Asia Electronic Passports Market Breakdown by Country, Type & Application
- 16.1 South Asia Electronic Passports Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Electronic Passports Market by Type (USD Million) [2019-2023]
- 16.2.1 Biometric
- 16.2.2 RFID
- 16.2.3 Smart
- 16.2.4 Secure
- 16.2.5 Multi-purpose
-
16.3 South Asia Electronic Passports Market by Application (USD Million) [2019-2023]
- 16.3.1 Government
- 16.3.2 Immigration
- 16.3.3 Travel
- 16.3.4 Security
- 16.3.5 Transportation
- 16.4 South Asia Electronic Passports Market by Country (USD Million) [2024-2031]
- 16.5 South Asia Electronic Passports Market by Type (USD Million) [2024-2031]
- 16.6 South Asia Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 17 : Central Asia Electronic Passports Market Breakdown by Country, Type & Application
- 17.1 Central Asia Electronic Passports Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Electronic Passports Market by Type (USD Million) [2019-2023]
- 17.2.1 Biometric
- 17.2.2 RFID
- 17.2.3 Smart
- 17.2.4 Secure
- 17.2.5 Multi-purpose
-
17.3 Central Asia Electronic Passports Market by Application (USD Million) [2019-2023]
- 17.3.1 Government
- 17.3.2 Immigration
- 17.3.3 Travel
- 17.3.4 Security
- 17.3.5 Transportation
- 17.4 Central Asia Electronic Passports Market by Country (USD Million) [2024-2031]
- 17.5 Central Asia Electronic Passports Market by Type (USD Million) [2024-2031]
- 17.6 Central Asia Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 18 : Oceania Electronic Passports Market Breakdown by Country, Type & Application
- 18.1 Oceania Electronic Passports Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Electronic Passports Market by Type (USD Million) [2019-2023]
- 18.2.1 Biometric
- 18.2.2 RFID
- 18.2.3 Smart
- 18.2.4 Secure
- 18.2.5 Multi-purpose
-
18.3 Oceania Electronic Passports Market by Application (USD Million) [2019-2023]
- 18.3.1 Government
- 18.3.2 Immigration
- 18.3.3 Travel
- 18.3.4 Security
- 18.3.5 Transportation
- 18.4 Oceania Electronic Passports Market by Country (USD Million) [2024-2031]
- 18.5 Oceania Electronic Passports Market by Type (USD Million) [2024-2031]
- 18.6 Oceania Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 19 : MEA Electronic Passports Market Breakdown by Country, Type & Application
- 19.1 MEA Electronic Passports Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Electronic Passports Market by Type (USD Million) [2019-2023]
- 19.2.1 Biometric
- 19.2.2 RFID
- 19.2.3 Smart
- 19.2.4 Secure
- 19.2.5 Multi-purpose
-
19.3 MEA Electronic Passports Market by Application (USD Million) [2019-2023]
- 19.3.1 Government
- 19.3.2 Immigration
- 19.3.3 Travel
- 19.3.4 Security
- 19.3.5 Transportation
- 19.4 MEA Electronic Passports Market by Country (USD Million) [2024-2031]
- 19.5 MEA Electronic Passports Market by Type (USD Million) [2024-2031]
- 19.6 MEA Electronic Passports Market by Application (USD Million) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Electronic Passports Market is growing at a steady pace over the last few years and is expected to grow at a CAGR of 18% from 2023 to 2031 to reach a market size of 18% 1.5Billion
The Electronic Passports Market is estimated to grow at a CAGR of 18%, currently pegged at 0.6Billion.
Security, Innovation, Integration are seen to make big Impact on Electronic Passports Market Growth.
The leaders in the Global Electronic Passports Market such as CardLogix Corporation (United States), De La Rue (United Kingdom), Entrust Datacard Corporation (United States), Giesecke+Devrient Mobile Security GmbH (Germany), HID Global Corporation (United States), IDEMIA (France), Infineon Technologies AG (Germany), Mühlbauer Group (Germany), Safran (France), Thales (France) are targeting innovative and differentiated growth drivers some of them are Rising Demand For Advanced Verification Process Propelled By Rising Safety & Security Concerns,,
Rising Demand For Automation Across Authentification & Verification Operations,,
Growing Demand For Biometric Systems In Passport Verification Propelled By Concerns Such As Cyberattacks,,
As Industry players prepare to scale up, Electronic Passports Market sees major concern such as Cost, Sourcing.
Some of the opportunities that Analyst at HTF MI have identified in Electronic Passports Market are:
- Opportunities In The Asia Pacific Region
CardLogix Corporation (United States), De La Rue (United Kingdom), Entrust Datacard Corporation (United States), Giesecke+Devrient Mobile Security GmbH (Germany), HID Global Corporation (United States), IDEMIA (France), Infineon Technologies AG (Germany), Mühlbauer Group (Germany), Safran (France), Thales (France) are the major operating companies profiled in Electronic Passports market study.
Research paper of Global Electronic Passports Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Government, Immigration, Travel, Security, Transportation.
The Global Electronic Passports Market Study is segmented by Biometric, RFID, Smart, Secure, Multi-purpose.
The Global Electronic Passports Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2031 [** unless otherwise stated]
The global electronic passport market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing demand for automation in authentification & verification process, rising demand for advanced verification process in the travel & tourism industry, and growing demand for biometric systems for passport verifications propelled by concerns such as cyberattacks are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over. __
