Global E-Passport Market Share Analysis - Industry Trends and Forecast to 2030
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Market Insights and Analysis: Global E-Passport Market Overview and Projections (2024-2030)
The Global E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30. The market has grown significantly due to substantial government initiatives aimed at streamlining border procedures and enhancing security to prevent fraud. Additionally, with the growth of globalization, international travel has surged during the past few decades.
Top leading companies in the Global E-Passport Market includes:
CardLogix Corporation, 4G Identity Solutions, 3M, HID Global Corporation, IDEMIA, Infineon Technologies AG, Eastcompeace Technology Co., Ltd., Entrust Corporation, Muhlbauer Group, Iris Corporation, Thales Group, Safran Identity and Security, PrimeKey Solutions AB, Datacard Group, Others,.
Global E-Passport Market Trend:
Integration of Blockchain with E-Passports Gaining Momentum – Globally, integrating biometric data with blockchain technology to create biometric blockchain (BBC)-based e-passports is gradually gaining traction, as it offers a robust solution by combining the unique identification capabilities of biometrics with the security features of blockchain technology. Moreover, the immutability and encryption offered by blockchain ensure that once data is recorded, it cannot be altered or accessed unauthorizedly. This is crucial for protecting sensitive personal information from hacks or leaks. Moreover, blockchain implements privacy-preserving technologies that verify identities without revealing the underlying data, which is appealing to privacy-conscious states.
Additionally, blockchain is becoming a major technology across verticals in airport management. At airports in countries like the UK, Germany, France, etc., the use of blockchain for improving operational efficiencies, security systems, and customer experiences is further creating a favorable environment for the integration of biometric blockchain-based e-passports.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
-Face Recognition
-Fingerprint Recognition
-Iris Recognition
-Others
-Non-Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
-Radio-Frequency Identification (RFID)
-Others
By Security
-Basic Access Control- Market Size & Forecast 2019-2030, (USD Million)
-Extended Access Control- Market Size & Forecast 2019-2030, (USD Million)
-Supplemental Access Control- Market Size & Forecast 2019-2030, (USD Million)
-Biometric Authentication- Market Size & Forecast 2019-2030, (USD Million)
By Component
-Electronic Chip- Market Size & Forecast 2019-2030, (USD Million)
-Antenna- Market Size & Forecast 2019-2030, (USD Million)
-Biometric Capture Devices- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
By Application
-Traveling- Market Size & Forecast 2019-2030, (USD Million)
-Business Travel- Market Size & Forecast 2019-2030, (USD Million)
-Leisure Travel- Market Size & Forecast 2019-2030, (USD Million)
-Border Control and Immigration- Market Size & Forecast 2019-2030, (USD Million)
-Identity Proof- Market Size & Forecast 2019-2030, (USD Million).
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Global E-Passport Market Geographic Reach:
The Geographic Reach of the Global E-Passport Market evaluates the spread and significance of Global E-Passport market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: US, Canada, Mexico
· Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe
· Asia-Pacific: China, Japan, India, South Korea, Australia & New Zealand, Thailand, Indonesia, Rest of Asia Pacific,
· South America: Brazil, Argentina, Rest of South America
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Israel, Rest of MEA.
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