According to the ICAO, "The United Nations agency that oversees international air travel and defines ePassport standards, 120 states claim that they are currently issuing ePassports”. and “The infrastructure supporting ePassports has expanded as well. Today, more than 5,000 automated border crossings are operating worldwide, supporting more than 20 million transactions daily.”

The article cited AMA's "Global E-passport Market Study" explored CAGR of 25.9%. According to the report, Increasing Adoption of E-Passport as a Secure Travel Document. is one of the primary growth factors for the market. Emphasizing on Innovative Verification Techniques to Detect Identity Frauds is also expected to contribute significantly to the E-passport market. Overall, Leisure Travel applications of E-passport, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The By Technology, such as Radio Frequency Identification (RFID), is boosting the E-passport market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global E-passport market identified that the demand is rising in many different parts of the world as "The emergence of Wireless Communication Technology ". Furthermore, some recent industry insights like "In November 2023, The United States Government Printing Office (GPO) unveiled its next-generation e-passport, incorporating enhanced security features and improved design elements. The new passport features a polycarbonate data page with embedded data chips and strengthened paper for increased durability." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global E-passport market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the E-passport market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall E-passport market size is calculated using market estimation process, the E-passport market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global E-passport market size has been validated using both top-down and bottom-up approaches.