About Electronic Passports
Electronic Passport contains an electronic chip. The chip holds the same information that is printed on the passport's data page: the holder's name, date of birth, and other biographic information. An e-Passport also contains a biometric identifier. The United States requires that the chip contain a digital photograph of the holder. All e-Passports issued by Visa Waiver Program (VWP) countries and the United States have security features to prevent the unauthorized reading or "skimming" of data stored on the e-Passport chip. The stakeholders in the e-passport market, including governments, technology companies, and travel industry players, can work together to drive further growth and ensure that e-passports become the trusted and secure standard for international travel.
Attributes | Details |
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Study Period | 2018-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronic Passports market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) and Thales (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gemalto (Netherlands), Thales Group (France), Mühlbauer Group (Germany), Entrust Datacard Corporation (United States) and HID Global Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Passports market by , Application (Leisure Travel and Business Travel) and Region.
On the basis of geography, the market of Electronic Passports has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Public will boost the Electronic Passports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Radio Frequency Identification will boost the Electronic Passports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Artificial Intelligence (AI) & Machine Learning (ML) in Electronic Passport Technology
Market Growth Drivers:
Rising Demand for Advanced Verification Process Propelled by Rising Safety & Security Concerns, Rising Demand for Automation Across Authentification & Verification Operations and Growing Demand for Biometric Systems in Passport Verification Propelled by Concerns such as Cyberattacks
Challenges:
Short-term Challenges due to Reduced International Travel Across the World due to the Current COVID-19 Pandemic
Restraints:
High Initial Investment
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In September 2023, Veridos joined forces with Muhlbauer ID Services to deliver its MOVE ID e-passports to the Kenyan government, ensuring secure travel for Kenyan citizens.
In November 2023, IDEMIA rolled out its COSMO e-passport solution, integrating innovative security features like facial recognition and liveness detection for seamless and secure border crossings.
Stringent Worldwide Government Regulations Regarding Shutting Down of Operations Across Transportation and Travel & Tourism Industry is Impacting Negatively on the Market
Key Target Audience
Government Bodies, Travelers, Technology Provider, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.