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E-passport Market by Technology (Radio Frequency Identification (RFID) and Biometrics) and Application (Leisure Travel and Business Travel) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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IT in BFSI
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Pages: 157
Nov 2017 | 2420 Views
 
Author's : Rachita Rake
Tables: 40
Charts: 53
 

E-passport Market Overview:

Global E-passport Market was valued at $11,752 million in 2016, and is projected to reach $57,061 million by 2023, growing at a CAGR of 25.4% from 2017 to 2023. An e-passport contains an electronic chip, which holds the same information that is printed on the passport's data page such as the holder's name, date of birth, and other biographical information. Rise in advanced verification processes to detect identity frauds has necessitated the emergence of e-passport to satisfy high need for enhanced security. Further, presence of advanced airport infrastructure facilitates and increase in the number of people traveling to cross-border destinations provide the marketers immense scope to target their customers and enhance the user experience.

E-passports are mainly used to authenticate the identity of a traveler during international travels. This technology stores data about the traveler on a smart chip, which bears a unique identification number and a digital signature. Its use is more secure than traditional paper technology, as it reduces the risk of data duplication and alteration. The data stored electronically on the chip is authenticated by public key infrastructure (PKI), which helps eliminate forgeries. Fingerprint, facial, and iris recognition are the major biometric modalities used in this technology. Increase in thefts, illegal immigration, and transborder crimes fuels e-passport market. Moreover, ability of e-passport to provide faster security checks and verification of individuals at airports and international borders; and rise in adoption by many countries to enhance the safety of citizens, lower the rate of passport, and visa fraud boost the demand for e-passport market.

Radio frequency identification (RFID) is expected to grow at a significant pace during the forecast period. The leisure travel segment led the market in 2016, and is expected to continue to this trend in the near future. Furthermore, the European region is expected to dominate overall market during the forecast period, as it deploys e-passports on a larger scale.

The global e-passport market is driven by increase in number of identity frauds, supportive regulatory structure, presence of advanced airport infrastructure, and growth in air traffic. However, high costs associated with initial deployment and replacement as well as availability of cost-effective e-passports are expected to impede the market growth.

The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porters Five Forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.

Segment Review

The global e-passport market is segmented based on technology, application, and geography. Technologies covered in this study include radio frequency identification (RFID) and biometric. On the basis of application, the market is bifurcated into leisure travel and business travel. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA, including country-level analysis for each region.

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The key players operating in the global e-passport market are Gemalto N.V., Mhlbauer Group, Entrust Datacard Corporation , HID Global Corporation , Infineon Technologies AG, Safran S.A. , Eastcompeace Technology Co., CardLogix Corporation, 4G Identity Solutions, ASK.

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Top Impacting Factors

The market is expected to be driven by rise in advanced verification means to detect identity frauds, presence of advanced airport infrastructure facilitates, and rise in the number of people travelling in the cross-border destinations, and increasing adoption of e-passport by developing nations. However, high costs associated with initial deployment and replacement are expected to hamper the market growth during the forecast period.

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Increase in Advanced Verification Means to Detect Identity Frauds

Development of novel advanced verification systems favors the e-passport market growth. For instance, Cuba is issuing new ID cards embedded with biometric technology such as iris scans and voice prints technology, which is expected to assist in better identification of persons traveling within the country.

Presence of Advanced Airport Infrastructure

The presence of advanced airport infrastructure facilitates easy passenger identification.

For instance, to reduce the waiting time of passengers, Japanese airports in 2017 will be using facial recognition machines to identify passengers. The London Gatwick Airport has invested 45 million in its South Terminal security area for use of smarter scanning technology to reduce passengers waiting time.

Increase in Travelers to Cross-border Destinations

Continuous growth in the number of people traveling to cross-border destinations propels the market growth. For instance, according to U.S. Travel and Tourism Association, U.S. domestic travel increased 1.2% from 2015 to a total of more than 2.2 billion person-trips in 2016.

Increase in Adoption of E-passport By Developing Nations

Real-time e-passport provides users a detailed representation of the real-world. Different key players in the market have adopted real-time e-passport over traditional e-passport. For instance, Google Maps announced a new real-time location sharing feature, which is available for both Android and iOS users.

Key Benefits for Stakeholders

  • This study includes the analytical depiction of the global e-passport market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities.
  • The current market is quantitatively analyzed from 2016 to 2023 to highlight the financial competency of the industry.
  • Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the global e-passport industry.

E-passport Market Key Segments:

By Technology

  • Radio Frequency Identification (RFID)
  • Biometrics

By Application

  • Leisure Travel
  • Business Travel

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Gemalto N.V.
  • Mhlbauer Group
  • Entrust Datacard Corporation
  • HID Global Corporation
  • Infineon Technologies AG
  • Safran S.A.
  • Eastcompeace Technology Co.
  • CardLogix Corporation
  • 4G Identity Solutions
  • ASK
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry

3.4. MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rise in advanced verification means to detect identity frauds
3.5.1.2. Presence of advanced airport infrastructure
3.5.1.3. Growth in number of people traveling to cross-border destinations

3.5.2. Restraints

3.5.2.1. High implementation cost
3.5.2.2. Availability of cost-effective e-passport

3.5.3. Opportunities

3.5.3.1. Increase in development of wireless communication technology
3.5.3.2. Technological advancements

Chapter: 4 E-PASSPORT MARKET, BY TECHNOLOGY

4.1. OVERVIEW
4.2. RADIO FREQUENCY IDENTIFICATION (RFID)

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region

4.3. BIOMETRICS

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region

Chapter: 5 E-PASSPORT MARKET, BY APPLICATION

5.1. OVERVIEW
5.2. LEISURE TRAVEL

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region

5.3. BUSINESS TRAVEL

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region

Chapter: 6 E-PASSPORT MARKET, BY REGION

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by country

6.2.2.1. U.S.

6.2.2.1.1. Market size and forecast

6.2.2.2. Canada

6.2.2.2.1. Market size and forecast

6.2.2.3. Mexico

6.2.2.3.1. Market size and forecast

6.3. EUROPE

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by country

6.3.2.1. UK

6.3.2.1.1. Market size and forecast

6.3.2.2. Germany

6.3.2.2.1. Market size and forecast

6.3.2.3. France

6.3.2.3.1. Market size and forecast

6.3.2.4. Rest of Europe

6.3.2.4.1. Market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by country

6.4.2.1. China

6.4.2.1.1. Market size and forecast

6.4.2.2. India

6.4.2.2.1. Market size and forecast

6.4.2.3. Japan

6.4.2.3.1. Market size and forecast

6.4.2.4. Australia

6.4.2.4.1. Market size and forecast

6.4.2.5. Rest of Asia-Pacific

6.4.2.5.1. Market size and forecast

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by country

6.5.2.1. Latin America

6.5.2.1.1. Market size and forecast

6.5.2.2. Middle East

6.5.2.2.1. Market size and forecast

6.5.2.3. Africa

6.5.2.3.1. Market size and forecast

Chapter: 7 COMPANY PROFILES

7.1. 4G IDENTITY SOLUTIONS PRIVATE LIMITED

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio

7.2. ASK

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance

7.3. CARDLOGIX CORPORATION

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments

7.4. EASTCOMPEACE TECHNOLOGY CO. LTD.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments

7.5. ENTRUST DATACARD CORPORATION

7.5.1. Company overview
7.5.2. Operating business segments
7.5.3. Product portfolio
7.5.4. Key strategic moves and developments

7.6. GEMALTO N.V.

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. HID GLOBAL CORPORATION

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. Business performance

7.8. INFINEON TECHNOLOGIES AG

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments
7.8.7. Key strategic moves and developments

7.9. MÜHLBAUER GROUP

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments

7.10. SAFRAN S.A. (SAFRAN IDENTITY AND SECURITY)

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

 LIST OF TABLES

TABLE 1. GLOBAL E-PASSPORT MARKET, BY TECHNOLOGY, 2017-2023 ($MILLION)
TABLE 2. E-PASSPORT MARKET FOR RFID, BY REGION, 2017-2023 ($MILLION)
TABLE 3. E-PASSPORT MARKET FOR BIOMETRICS, BY REGION, 2014-2022 ($MILLION)
TABLE 4. GLOBAL E-PASSPORT MARKET, BY APPLICATION, 2017-2023 ($MILLION)
TABLE 5. E-PASSPORT MARKET FOR LEISURE TRAVEL, BY REGION, 2017-2023 ($MILLION)
TABLE 6. E-PASSPORT MARKET FOR BUSINESS TRAVEL, BY REGION, 2017-2023 ($MILLION)
TABLE 7. E-PASSPORT MARKET, BY REGION, 2017-2023 ($MILLION)
TABLE 8. NORTH AMERICA E-PASSPORT MARKET, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 9. EUROPE E-PASSPORT MARKET, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 10. ASIA-PACIFIC E-PASSPORT MARKET, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 11. LAMEA E-PASSPORT MARKET, BY COUNTRY, 2017-2023 ($MILLION)
TABLE 12. 4G IDENTITY SOLUTIONS PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 13. 4G IDENTITY SOLUTIONS PRIVATE LIMITED: OPERATING SEGMENTS
TABLE 14. 4G IDENTITY SOLUTIONS PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 15. ASK: COMPANY SNAPSHOT
TABLE 16. ASK: OPERATING SEGMENTS
TABLE 17. ASK: PRODUCT PORTFOLIO
TABLE 18. CARDLOGIX CORPORATION: COMPANY SNAPSHOT
TABLE 19. CARDLOGIX CORPORATION: OPERATING SEGMENTS
TABLE 20. CARDLOGIX CORPORATION : PRODUCT PORTFOLIO
TABLE 21. EASTCOMPEACE TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 22. EASTCOMPEACE TECHNOLOGY CO., LTD.: OPERATING SEGMENTS
TABLE 23. EASTCOMPEACE TECHNOLOGY CO., LTD.: PRODUCT PORTFOLIO
TABLE 24. ENTRUST DATACARD: COMPANY SNAPSHOT
TABLE 25. ENTRUST DATACARD: OPERATING SEGMENTS
TABLE 26. ENTRUST DATACARD: PRODUCT PORTFOLIO
TABLE 27. GEMALTO: COMPANY SNAPSHOT
TABLE 28. GEMALTO: OPERATING SEGMENTS
TABLE 29. GEMALTO: PRODUCT PORTFOLIO
TABLE 30. HID GLOBAL CORPORATION: COMPANY SNAPSHOT
TABLE 31. HID GLOBAL CORPORATION: PRODUCT PORTFOLIO
TABLE 32. INFINEON: COMPANY SNAPSHOT
TABLE 33. INFINEON: OPERATING SEGMENTS
TABLE 34. INFINEON: PRODUCT PORTFOLIO
TABLE 35. MÜHLBAUER GROUP: COMPANY SNAPSHOT
TABLE 36. MÜHLBAUER GROUP: OPERATING SEGMENTS
TABLE 37. MÜHLBAUER GROUP: PRODUCT PORTFOLIO
TABLE 38. SAFRAN S.A.: COMPANY SNAPSHOT
TABLE 39. SAFRAN S.A.: OPERATING SEGMENTS
TABLE 40. SAFRAN S.A.: PRODUCT PORTFOLIO

 LIST OF FIGURES

FIGURE 1. KEY MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP INVESTMENT POCKETS
FIGURE 5. TOP WINNING STRATEGIES, BY YEAR, 2014-2017*
FIGURE 6. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2014-2017* (%)
FIGURE 7. TOP WINNING STRATEGIES, BY COMPANY, 2014-2017* (%)
FIGURE 8. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 9. HIGH BARGAINING POWER OF BUYERS
FIGURE 10. MODERATE THREAT OF SUBSTITUTES
FIGURE 11. MODERATE THREAT OF NEW ENTRANTS
FIGURE 12. HIGH COMPETITIVE RIVALRY
FIGURE 13. MARKET PLAYER POSITIONING, 2016
FIGURE 14. MARKET DYNAMICS
FIGURE 15. E-PASSPORT MARKET, BY REGION, 2016 (%)
FIGURE 16. NORTH AMERICA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 17. U.S. E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 18. CANADA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 19. MEXICO E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 20. EUROPE E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 21. UK E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 22. GERMANY E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 23. FRANCE E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 24. REST OF EUROPE E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 25. ASIA-PACIFIC E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 26. CHINA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 27. INDIA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 28. JAPAN E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 29. AUSTRALIA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 30. REST OF ASIA-PACIFIC E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 31. LAMEA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 32. LATIN AMERICA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 33. MIDDLE EAST E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 34. AFRICA E-PASSPORT MARKET, 2017-2023 ($MILLION)
FIGURE 35. ASK: REVENUE, 2014-2016 ($MILLION)
FIGURE 36. EASTCOMPEACE TECHNOLOGY CO., LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 37. EASTCOMPEACE TECHNOLOGY CO., LTD.: REVENUE SHARE BY PRODUCT, 2016 (%)
FIGURE 38. EASTCOMPEACE TECHNOLOGY CO., LTD.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 39. GEMALTO: REVENUE, 2013-2015 ($MILLION)
FIGURE 40. GEMALTO: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 41. GEMALTO: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 42. HID GLOBAL CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 43. INFINEON: REVENUE, 2015-2017 ($MILLION)
FIGURE 44. INFINEON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 45. INFINEON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 46. INFINEON: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 47. INFINEON: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 48. MÜHLBAUER GROUP: REVENUE, 2014-2016 ($MILLION)
FIGURE 49. MÜHLBAUER GROUP: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 50. MÜHLBAUER GROUP: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 51. SAFRAN S.A.: REVENUE, 2014-2016 ($MILLION)
FIGURE 52. SAFRAN S.A.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 53. SAFRAN S.A.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
 

Electronic passport is an authentication document consisting of digital and biometric information of the passengers traveling to cross-border destinations. It functions on the contactless smart chip technology, integrated with computer chip or microprocessor along with an embedded antenna. Further, continuous increase in air traffic passenger and rise in awareness of e-passport as a secure travel document drives the e-passport market growth. Moreover, increase in adoption of e-passports among developing nations to detect rapid surge in identity frauds and ongoing technological advancements by using biometric technology by key players create numerous opportunities for the e-passport market. The growth of this market is related to the growth of overall air travel and tourism sector. Moreover, the ability of e-passports to reduce hassles during the processing and verification of documents at airports and minimization of processing time at immigration desks to obtain clearance supplement the e-passport market growth.

Some of the key players operating in the e-passport market that are profiled in the report include Gemalto N.V., Mühlbauer Group, Entrust Datacard Corporation , HID Global Corporation , Infineon Technologies AG, Safran S.A. , Eastcompeace Technology Co., CardLogix Corporation, 4G Identity Solutions, ASK. The ongoing development and production of a secure e-passport infrastructure is expected to provide sustainable market opportunities as countries stabilize existing programs, updating and replacing aging equipment, and continuously incorporating new document and IT security features. Key players are adopting various growth strategies to enhance their product portfolio lists to increase their market penetration and invest in priority approaches for research to develop new products to increase their customer base, and capitalize on the growing demand for e-passport.

 

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