The latest report by IMARC Group, titled “E-Passport Market Report by Technology (Radio Frequency Identification (RFID), Biometric), Security (Basic Access Control, Password Authenticated Connection Establishment, Supplemental Access Control, Extended Access Control), Application (Leisure Travel, Business Travel), and Region 2024-2032“, The global E-passport market size reached US$ 29.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 81.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.81% during 2024-2032.

An e-passport, or electronic passport, is a modern travel document that uses microchips to securely hold personal identification details. This innovative version of traditional passports improves security and simplifies the immigration procedures. E-passports include biometric information like fingerprints or facial features, which boosts authentication and decreases the chances of identity theft. With countries globally striving to improve border security and make travel easier, the introduction of E-passports has become a significant advancement.

E-Passport Market Trends and Drivers:

The e-passport market is experiencing robust expansion, fueled by the intersection of security imperatives and the need for streamlined travel procedures. Governments worldwide are increasingly adopting e-passports to bolster national security by mitigating the risks of counterfeit passports and unauthorized border crossings. The heightened emphasis on security is prompting countries to migrate to e-passports, which can store and authenticate biometric data in real-time, ensuring a higher level of precision in identity verification. Furthermore, the rapid growth of the travel and tourism industry is driving market growth. As international travel volumes continue to surge, the demand for expedited immigration procedures has intensified, with e-passports offering the advantage of accelerated processing times, reduced wait times, and an enhanced overall travel experience. This trend is particularly beneficial for business travelers, where time efficiency is crucial. The market is also shifting towards enhanced user convenience, with the integration of contactless technology and mobile apps, enabling travelers to access and store their information digitally, reducing reliance on physical documents and aligning with evolving consumer preferences for seamless, tech-driven interactions.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-passport-market/requestsample

Report 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

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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