IMARC Group, a leading market research company, has recently releases report titled “E-Passport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global E-passport market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the E-passport market?
Report Attributes
Details
Market Size in 2022
US$ 25.8 Billion
Market Forecast in 2028
US$ 56.9 Billion
Growth rate (2023 to 2028)
CAGR of 13.4%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is E-passport?
The electronic passport (e-passport), also known as a biometric passport, is a chip-enabled passport with a biometric identification card strengthening the transparency and security of travel documents. It also involves demographic information, iris scans, color photograph, and the digital signature of the holder. It relies on contactless smart card technology consisting of a computer chip or microprocessor chip, such as radio-frequency identification (RFID) chips, which are inserted in the front and back cover of the passport. It offers less processing time and greater data storage capacity. It is scanned through special devices that are more effective against passport fraud as compared to conventionally used passports.
Request for a free sample copy of this report: https://www.imarcgroup.com/e-passport-market/requestsample
What are the growth prospects and trends in the E-passport industry?
Considerable growth in the travel and tourism sector and increasing traveling activities represent one of the major factors positively influencing the demand for e-passports around the world. In addition, the rising number of cross-border activities is driving the need for e-passports to detect fraud and secure the personal information of travelers, which is contributing to the market growth. Furthermore, the growing awareness among individuals about the benefits of using e-passports is driving the market. Apart from this, there is an increase in the integration of machine learning (ML) and artificial intelligence (AI) in e-passports to enhance security at airport terminals, which is offering lucrative growth opportunities to key players in the industry.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Radio Frequency Identification (RFID)
- Biometric
Breakup by Security:
- Basic Access Control
- Password Authenticated Connection Establishment
- Supplemental Access Control
- Extended Access Control
Breakup by Application:
- Leisure Travel
- Business Travel
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 4G Identity Solutions Private Limited (Goldstone Technologies Ltd.)
- CardLogix Corporation
- Entrust Corporation
- HID Global Corporation (Assa Abloy AB)
- IDEMIA
- Infineon Technologies AG
- Mühlbauer Group
- Primekey Solutions AB (Keyfactor)
- Thales Group.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=6000&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/