E-passport Market Overview
The global E-passport market is expected to grow at a significant rate in the forthcoming years. Because of a number of variables, the global e-passport market is on the rise. For security concerns, increased global travel for both leisure and business is mandating a high level of protection. Regular passports without biometric capability run the risk of allowing illegal individuals to board international flights. Such ill-intentioned travellers run the risk of jeopardizing the safety of other passengers on the aircraft. E-passports are a solid option to avoid such instances, driving the e-passport market.
Furthermore, emerging laws, such as ICAO, are assisting the adoption of e-passports by allowing governments to add strong security safeguards for international travel. As a result, the e-passport market is boosted. Finally, outsourcing visa services necessitates the inclusion of a security layer to passports. Individuals seeking visas for countries that outsource their visa service to a third party must have an additional layer of protection added to their passports. E-passports have been used to address the security flaws in traditional passports, and are consequently regarded as a formidable answer. The global e-passport market is benefiting as a result of this.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Application, Technology, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Atlantic Zeiser, Gemalto, PrimeKey, Arjo Systems, Entrust, Oberthur, Multos International, Edaps Overseas, M2SYS, Kona I, ASK, Muhlbauer Group, 3M, Austria Card, De La Rue, Safelayer S.A. |
Covid-19 Impact on E-passport Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
E-passport Market Segment Overview
Based on Technology, the Radio Frequency Identification (RFID) segment dominated the e-passport industry in 2023 and is expected to maintain its dominance throughout the forecast period. This is mainly because of the increase in deployment of RFID chips that allowed e-passports services among developing countries such as China, Japan, and India. Additionally, biometric is anticipated to grow at a higher level in the forecast period. This is due to a decrease in the threat of identity frauds and a rise in the need to improve the security of the personal information of travelers.
E-passport Market, By Application
· Leisure Travel
· Business Travel
E-passport Market, By Technology
· Radio Frequency Identification (RFID)
· Biometric
E-passport Market Regional Overview
The global e-passports market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among them, North America is a significant region in the overall market. A key factor driving the North American e-passports market is high-level security measures at airports and country borders in developed countries of the area for civilian security. Moreover, Asia Pacific is estimated to be one of the quickest developing zonal markets in the forthcoming year. High-level security measures at airports, country borders in developed countries of the region for civilian security is a key factor driving the North American e-passports market. This is owing to the recent occurrence of terror incidents, which has heightened the level of vigilance among defense forces. Cross-border travel is becoming increasingly scrutinized in order to keep an eye out for people with nefarious intentions.
E-passport Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
E-passport Market, Key Players
· Atlantic Zeiser
· Gemalto
· PrimeKey
· Arjo Systems
· Entrust
· Oberthur
· Multos International
· Edaps Overseas
· M2SYS
· Kona I
· ASK
· Muhlbauer Group
· 3M
· Austria Card
· De La Rue
· Safelayer S.A.
Q1. What are the driving factors for the E-passport market?
Emerging laws, such as ICAO, are assisting the adoption of e-passports by allowing governments to add strong security safeguards for international travel. As a result, the e-passport market is boosted
Q2. Which Segments are covered in the E-passport Market report?
Application, Technology, and Region. these segments are covered in the E-passport market report.
Q3. Which segment is projected to hold the largest share in the E-passport Market?
Radio Frequency Identification (RFID) segment is projected to hold the largest share in the E-passport Market
Q4. Which region holds the largest share in the E-passport market?
North America held the largest share in the global E-passport market.
Q5. Which are the prominent players in the E-passport Market?
Atlantic Zeiser, Gemalto, PrimeKey, Arjo Systems, Entrust, Oberthur, Multos International, Edaps Overseas, M2SYS, Kona I, ASK, Muhlbauer Group, 3M, Austria Card, De La Rue, Safelayer S.A. are some key players in the E-passport Market.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
