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E-passport Market by Technology (Radio Frequency Identification (RFID) and Biometric) and Application (Leisure Travel and Business Travel): Global Opportunity Analysis and Industry Forecast, 2021–2028
| A04159 | Pages: 226 | Apr 2021 | 9802 Views | | |
| Author(s) : Vaibhav Modi, Pramod Borasi , Vineet Kumar | Tables: 75 | Charts: 28 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !The global e-passport market size was valued at $24.57 billion in 2019, and is projected to reach $125.13 billion by 2028, growing at a CAGR of 27.5% from 2021 to 2028. An e-passport is an electronic chip that is printed on passport's page, which contains different types of information such as holder's name, date of birth, and other character information. In addition, this technology stores passenger data on a smart chip, which has a unique identification number and digital signature. Furthermore, many European countries are adopting e-passport as it is safer than traditional paper technology and reduces risk of data duplication and alteration.
The key factor driving the growth of the e-passport market trends include rise in advanced verification technology to detect identity frauds and presence of advanced airport infrastructure among developing nations are some the important factors that propel the e-passport market across the globe. In addition, increase in number of people traveling to cross-border destinations propels growth of the global e-passport market. However, high implementation cost restricts the growth of the market. On the contrary, increase in adoption of wireless communication technology among the travel industry is expected to offer remunerative opportunities for expansion of the global market during the forecast period.
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The radio frequency identification (RFID) segment dominated the e-passport industry in 2019, and is projected to maintain its dominance during the forecast period, owing to increase in deployment of RFID chip that enabled e-passports services among developing nations such as China, Japan, and India. Furthermore, biometric is expected to grow at a significant CAGR during the forecast period, owing to reduction in threat of identity frauds and increase in need to improve security of personal information of travelers.
Region wise, the e-passport market was dominated by Europe in 2019, and is expected to retain its position during the forecast period. This is attributed to presence of advance airport infrastructure in the UK and Germany and rise in use of smartphones during travelling. However, Asia-Pacific is expected to witness a significant growth rate during the forecast period, owing to increase in demand among developing nations, rise in favorable government policies regarding e-passport across the region, and introduction of e-passport smart gates at airports across various developing countries.
The report focuses on growth prospects, restraints, and trends of the global e-passport market analysis. The study provides porter’s five forces analysis to understand 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 global e-passport market industry.
E-passport Market
By Technology
RFID accounted for the largest market share in 2019.
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Segment review
The global e-passport market is segmented into technology, application, and region. In terms of technology, the market is fragmented into radio frequency identification (RFID) and biometric. Depending on application, it is divided into leisure travel and business travel. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global e-passport market industry include 4G Identity Solutions, Ask Media Group, LLC, CardLogix Corporation, Eastcompeace Technology Co., Ltd., Entrust Corporation, HID Global Corporation, Infineon Technologies AG, Muhlbauer Group, Safran and Thales Group. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the E-passport market industry.
Covid-19 Impact Analysis
Emergence of COVID-19 is expected to have negative impact on the e-passport market growth. All governments across the globe announced lockdown to prevent spread of corona virus and cancelled international travelling service, which has hindered the e-passport market during the COVID-19 outbreak. In addition, increase in number of COVID-19 patients in the UK, France, Germany, and the U.S., owing to arrival of various international flights from foreign countries has led to implementation of strict regulations for international travelling, which negatively impacts growth of the e-passport market. However, vaccinations have been started across the globe, which has led to reduction in number of corona patients. Most governments have started to lift the ban on international travelling and creating awareness among people to use digital technology, which is expected to provide lucrative opportunities for the market growth.
E-passport Market
By Application
Business travel is expected to attain significant growth during the forecasted period.
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Top impacting factors
Rise in advanced technology verification to detect identity frauds
Companies manufacturing e-passport have added a range of additional electronic and visual security features to fight identity frauds and to increase security of personal information of travelers, which enhances growth of the market. In addition, rise in introduction of microprocessor-based passports and rapid adoption to increase convenience of travelers drives growth of the market. In addition, integration of advance technologies such as machine learning and artificial intelligence in e-passport has led to improvement in speed of detecting fraudulent cases in documents of travelers, which is propels growth of the e-passport market across the globe.
Growth in number of people traveling to cross-border destinations
Increase in number of people travelling cross borders for numerous reasons such as trading, tourism, and health treatment drives growth of the e-passport market across the globe. In addition, surge in number of people travelling abroad for work and education also propels growth of the market. Various countries such as the UAE and Saudi Arabia hire labors and other workers form different countries, which also drives growth of the market. Furthermore, increase in awareness among people to learn different cultures and surge in international trading services are some other important factors that impact growth of the market.
E-passport Market
By Region
Asia-Pacific would exhibit the highest CAGR of 29.6% during 2021-2028.
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Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global e-passport market forecast along with current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global e-passport market share is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2021 to 2028 is provided to determine the market potential.
Key Market Segments
By Technology
- Radio Frequency Identification (RFID)
- Biometric
By Application
- Leisure Travel
- Business Travel
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 4G Identity Solutions
- Ask Media Group, LLC
- CardLogix Corporation
- Eastcompeace Technology Co., Ltd.
- Entrust Corporation
- HID Global Corporation
- Infineon Technologies AG
- Muhlbauer Group
- Safran
- Thales Group
CHAPTER 1: INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2019
3.5.MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6.COVID-19 impact analysis on market
3.6.1.Impact on market size
3.6.2.Change in consumer trends, preferences, and budget impact due to COVID-19
3.6.3.Economic impact
3.6.4.Framework for solving market challenges faced by E-passport providers and customers
3.6.5.Opportunity window
CHAPTER 4: E-PASSPORT MARKET BY TECHNOLOGY
4.1.OVERVIEW
4.2. RADIO FREQUENCY IDENTIFICATION
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3. BIOMETRICS
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
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
5.2.3.Market share analysis, by country
5.3. BUSINESS TRAVEL
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country
CHAPTER 6: E-PASSPORT MARKET BY REGION
6.1.OVERVIEW
6.2.NORTH AMERICA
6.2.1.Key market trends and opportunities
6.2.2.Market size and forecast, by technology
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by Country
6.2.5.US
6.2.5.1.Market size and forecast, by technology
6.2.5.2.Market size and forecast, by application
6.2.6.Canada
6.2.6.1.Market size and forecast, by technology
6.2.6.2.Market size and forecast, by application
6.2.7.Mexico
6.2.7.1.Market size and forecast, by technology
6.2.7.2.Market size and forecast, by application
6.3.EUROPE
6.3.1.Key market trends and opportunities
6.3.2.Market size and forecast, by technology
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by Country
6.3.5.UK
6.3.5.1.Market size and forecast, by technology
6.3.5.2.Market size and forecast, by application
6.3.6.Germany
6.3.6.1.Market size and forecast, by technology
6.3.6.2.Market size and forecast, by application
6.3.7.France
6.3.7.1.Market size and forecast, by technology
6.3.7.2.Market size and forecast, by application
6.3.8.Italy
6.3.8.1.Market size and forecast, by technology
6.3.8.2.Market size and forecast, by application
6.3.9.Spain
6.3.9.1.Market size and forecast, by technology
6.3.9.2.Market size and forecast, by application
6.3.10.Netherlands
6.3.10.1.Market size and forecast, by technology
6.3.10.2.Market size and forecast, by application
6.3.11.Rest of Europe
6.3.11.1.Market size and forecast, by technology
6.3.11.2.Market size and forecast, by application
6.4.ASIA PACIFIC
6.4.1.Key market trends and opportunities
6.4.2.Market size and forecast, by technology
6.4.3.Market size and forecast, by application
6.4.4.Market size and forecast, by Country
6.4.5.China
6.4.5.1.Market size and forecast, by technology
6.4.5.2.Market size and forecast, by application
6.4.6.Japan
6.4.6.1.Market size and forecast, by technology
6.4.6.2.Market size and forecast, by application
6.4.7.India
6.4.7.1.Market size and forecast, by technology
6.4.7.2.Market size and forecast, by application
6.4.8. Australia
6.4.8.1.Market size and forecast, by technology
6.4.8.2.Market size and forecast, by application
6.4.9. South Korea
6.4.9.1.Market size and forecast, by technology
6.4.9.2.Market size and forecast, by application
6.4.10.Singapore
6.4.10.1.Market size and forecast, by technology
6.4.10.2.Market size and forecast, by application
6.4.11.Rest of Asia Pacific
6.4.11.1.Market size and forecast, by technology
6.4.11.2.Market size and forecast, by application
6.5.LAMEA
6.5.1.Key market trends and opportunities
6.5.2.Market size and forecast, by technology
6.5.3.Market size and forecast, by application
6.5.4.Market size and forecast, by Country
6.5.5.Latin America
6.5.5.1.Market size and forecast, by technology
6.5.5.2.Market size and forecast, by application
6.5.6.Middle East
6.5.6.1.Market size and forecast, by technology
6.5.6.2.Market size and forecast, by application
6.5.7.Africa
6.5.7.1.Market size and forecast, by technology
6.5.7.2.Market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. FOURG IDENTITY SOLUTIONS
7.1.1.Company overview
7.1.2.Key Executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Business performance
7.1.7.Key strategic moves and developments
7.2. ASK MEDIA GROUP LLC
7.2.1.Company overview
7.2.2.Key Executives
7.2.3.Company snapshot
7.2.4.Operating business segments
7.2.5.Product portfolio
7.2.6.Business performance
7.2.7.Key strategic moves and developments
7.3. CARDLOGIX CORPORATION
7.3.1.Company overview
7.3.2.Key Executives
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.Business performance
7.3.7.Key strategic moves and developments
7.4. EASTCOMPEACE TECHNOLOGY CO, LTD
7.4.1.Company overview
7.4.2.Key Executives
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.Business performance
7.4.7.Key strategic moves and developments
7.5. ENTRUST CORPORATION
7.5.1.Company overview
7.5.2.Key Executives
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio
7.5.6.Business performance
7.5.7.Key strategic moves and developments
7.6. HID GLOBAL CORPORATION
7.6.1.Company overview
7.6.2.Key Executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.Business performance
7.6.7.Key strategic moves and developments
7.7. INFINEON TECHNOLOGIES AG
7.7.1.Company overview
7.7.2.Key Executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.Business performance
7.7.7.Key strategic moves and developments
7.8. MUHLBAUER GROUP
7.8.1.Company overview
7.8.2.Key Executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.Business performance
7.8.7.Key strategic moves and developments
7.9. SAFRAN
7.9.1.Company overview
7.9.2.Key Executives
7.9.3.Company snapshot
7.9.4.Operating business segments
7.9.5.Product portfolio
7.9.6.Business performance
7.9.7.Key strategic moves and developments
7.10. THALES GROUP
7.10.1.Company overview
7.10.2.Key Executives
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.Business performance
7.10.7.Key strategic moves and developments
LIST OF TABLES
TABLE 1.GLOBAL E-PASSPORT MARKET, BY TECHNOLOGY 2019-2028 ($MILLION)
TABLE 2.E-PASSPORT MARKET FOR RADIO FREQUENCY IDENTIFICATION, BY REGION, 2019-2028 ($MILLION)
TABLE 3.E-PASSPORT MARKET FOR BIOMETRICS , BY REGION, 2019-2028 ($MILLION)
TABLE 4.GLOBAL E-PASSPORT MARKET, BY APPLICATION 2019-2028 ($MILLION)
TABLE 5.E-PASSPORT MARKET FOR LEISURE TRAVEL , BY REGION, 2019-2028 ($MILLION)
TABLE 6.E-PASSPORT MARKET FOR BUSINESS TRAVEL, BY REGION, 2019-2028 ($MILLION)
TABLE 7.E-PASSPORT MARKET FOR , BY REGION, , 2019-2028 ($MILLION)
TABLE 8.NORTH AMERICA E PASSPORT MARKET, BY TECHNOLOGY 2019-2028 ($MILLION)
TABLE 9.NORTH AMERICA E PASSPORT MARKET, BY APPLICATION 2019-2028 ($MILLION)
TABLE 10.NORTH AMERICA E PASSPORT MARKET, BY REGION, 2019-2028 ($MILLION)
TABLE 11.EUROPE E PASSPORT MARKET, BY TECHNOLOGY 2019-2028 ($MILLION)
TABLE 12.EUROPE E PASSPORT MARKET, BY APPLICATION 2019-2028 ($MILLION)
TABLE 13.EUROPE E PASSPORT MARKET, BY REGION, 2019-2028 ($MILLION)
TABLE 14.ASIA PACIFIC E PASSPORT MARKET, BY TECHNOLOGY 2019-2028 ($MILLION)
TABLE 15.ASIA PACIFIC E PASSPORT MARKET, BY APPLICATION 2019-2028 ($MILLION)
TABLE 16.ASIA PACIFIC E PASSPORT MARKET, BY REGION, 2019-2028 ($MILLION)
TABLE 17.LAMEA E PASSPORT MARKET, BY TECHNOLOGY 2019-2028 ($MILLION)
TABLE 18.LAMEA E PASSPORT MARKET, BY APPLICATION 2019-2028 ($MILLION)
TABLE 19.LAMEA E PASSPORT MARKET, BY REGION, 2019-2028 ($MILLION)
TABLE 20.FOURG IDENTITY SOLUTIONS: COMPANY SNAPSHOT
TABLE 21.FOURG IDENTITY SOLUTIONS: OPERATING SEGMENTS
TABLE 22.ASK MEDIA GROUP LLC: COMPANY SNAPSHOT
TABLE 23.ASK MEDIA GROUP LLC: OPERATING SEGMENTS
TABLE 24.CARDLOGIX CORPORATION: COMPANY SNAPSHOT
TABLE 25.CARDLOGIX CORPORATION: OPERATING SEGMENTS
TABLE 26.EASTCOMPEACE TECHNOLOGY CO, LTD: COMPANY SNAPSHOT
TABLE 27.EASTCOMPEACE TECHNOLOGY CO, LTD: OPERATING SEGMENTS
TABLE 28.ENTRUST CORPORATION: COMPANY SNAPSHOT
TABLE 29.ENTRUST CORPORATION: OPERATING SEGMENTS
TABLE 30.HID GLOBAL CORPORATION: COMPANY SNAPSHOT
TABLE 31.HID GLOBAL CORPORATION: OPERATING SEGMENTS
TABLE 32.INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 33.INFINEON TECHNOLOGIES AG: OPERATING SEGMENTS
TABLE 34.MUHLBAUER GROUP: COMPANY SNAPSHOT
TABLE 35.MUHLBAUER GROUP: OPERATING SEGMENTS
TABLE 36.SAFRAN: COMPANY SNAPSHOT
TABLE 37.SAFRAN: OPERATING SEGMENTS
TABLE 38.THALES GROUP: COMPANY SNAPSHOT
TABLE 39.THALES GROUP: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1.GLOBAL E-PASSPORT MARKET SEGMENTATION
FIGURE 2.TOP INVESTMENT POCKET
FIGURE 3.TOP WINNING STRATEGIES (%)
FIGURE 4.E-PASSPORT MARKET FOR RADIO FREQUENCY IDENTIFICATION, 2019-2028 ($MILLION)
FIGURE 5.E-PASSPORT MARKET FOR BIOMETRICS , 2019-2028 ($MILLION)
FIGURE 6.E-PASSPORT MARKET FOR LEISURE TRAVEL , 2019-2028 ($MILLION)
FIGURE 7.E-PASSPORT MARKET FOR BUSINESS TRAVEL, 2019-2028 ($MILLION)
FIGURE 8.GLOBAL E PASSPORT MARKET, BY REGION, 2019 (%)
FIGURE 9.US E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 10.CANADA E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 11.MEXICO E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 12.UK E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 13.GERMANY E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 14.FRANCE E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 15.ITALY E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 16.SPAIN E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 17.NETHERLANDS E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 18.REST OF EUROPE E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 19.CHINA E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 20.JAPAN E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 21.INDIA E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 22.AUSTRALIA E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 23.SOUTH KOREA E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 24.SINGAPORE E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 25.REST OF ASIA PACIFIC E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 26.LATIN AMERICA E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 27.MIDDLE EAST E-PASSPORT MARKET, 2019-2028 ($MILLION)
FIGURE 28.AFRICA E-PASSPORT MARKET, 2019-2028 ($MILLION)
Adoption of e-passport has increased over time, owing to its numerous benefits such as increased accessibility and better user experience for citizen traveling, delivering secure, safe and efficient transportation of travelers, and improving security of citizen’s travel documents. In addition, e-passport provides space in airports for quick processing of passengers and helps existing airport staff to manage more traffic efficiently. Moreover, various airports in developing nations of Asia-Pacific and LAMEA are rapidly adopting e-passport to enhances the quality of document inspection and to improve identify of improper document uses.
Key providers of e-passport such as CardLogix Corporation, Oracle Corporation, Eastcompeace Technology Co., Ltd., Entrust Corporation and HID Global Corporation account for a significant share in the market. According to industry experts, e- passport is expected to witness increased adoption in upcoming years, owing to rise in adoption of new electronic passports among people to update their national travel document at a faster pace. Therefore, increase in adoption of advance digital travelling equipment in travelling industries in developing nations, such as China, India, Japan, and Thailand, is expected to provide lucrative opportunities for the market growth. Europe is expected to dominate the market during the forecast period while emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.
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