Share
Global E-passport Market Segments by Technology (Radio Frequency Identification (RFID) and Biometric); By Application (Leisure and Business Travel); By Hardware (Antenna, Processor/Chip) and Region - Global Analysis of Market Size, Share & Trends for 2019 - 2020 and Forecasts to 2030
Additional protection layer not found in standard passports is provided by e-passport often referred to as biometric passports. This relates to a person's biometric details contained in an electronic chip within the passport of the client. An e-passport has an E-Chip that has the same data as the bearer's name, birth date, and any other biographical details on the passport tab. E-passports are used mostly to validate a traveler's identity on foreign flights. The main biometric methods included in this application include fingerprint, face, and iris recognition.
Global E-passport Market to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 22.69% in the coming years, i.e., 2021-30. The growing need to improve passport protection to address the economic danger of identity fraud is fueling the growth of the e-passport market in particular. Increased global travel demands a high degree of protection for both business and pleasure purposes. Standard passports that do not have biometric capabilities risk traveling on foreign flights to illegal passengers. Such ill-intentioned passengers are at risk of obstructing passengers' safety on the air. E-passport is thus a secure solution to avoid such situations, which fuels the demand for e-passports.
Global E-passport Market is segmented by technology into radio frequency identification (RFID) and biometric. The Biometric, segment held the largest market share of XX.X% in the year 2020 due to its intensifying use in the end-user vertical. Standard passports that do not have biometric capabilities have risk traveling on foreign flights to illegal passengers. Such ill-intentioned passengers run the risk of hampering passenger's in-flight safety. Biometrics are a trustworthy measure to avoid such scenarios, thus driving this segment.
Global E-passport Market is divided by application into Leisure and business travel. The biofuel Leisure segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years.
Growing need to improve passport protection to address the economic danger of identity fraud is fueling the growth of e-passport market in particular. Increased global travel demands a high degree of protection for both business and pleasure purposes. Standard passports that do not have biometric capabilities risk traveling on foreign flights to illegal passengers. Such ill-intentioned passengers are at risk of obstructing passengers' safety on the air.
Boost in the e-passport market is due to surge in thefts, illegal immigration, and transborder crimes. In addition, e-passports are capable of ensuring faster safety checking and inspections at airports and at international borders, and increased adoption by many countries to boost citizens' safety, decreased passports rates, strengthen the visa market demand for e-passports.
The high initial implementation costs and cost-effective e-passport availability could hinder the growth on the market. Most key players restrict themselves due to high initial costs and thus limiting the market growth.
Atlantic Zeiser
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global E-passport Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global E-passport in Europe held the largest market share of XX.X% in the year 2020. During the projected timeline Europe is projected to dominate over e-Passport & e-Visa. Early investors of biometrics for different purposes such as border control, airport management, identification, and compliance have been European nations, including Germany, the United Kingdom, and France. During the projected timeframe, e-passports and e-visa markets are expected to increase in the Asia Pacific region. Bangladesh's and India's governments aim to implement e-passports and e-visa facilities to mitigate the problems of airport document processing. Implementing border control technology would also help national departure terminal safety initiatives in the region.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
