The global E-passport Technologies market reached approximately $21.4 billion in 2022. The industry is expected to grow at a compound annual growth rate (CAGR) of approximately 23% from 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global E-passport Technologies Market . Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide E-passport Technologies Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. E-passport technology is an electronic chip that is printed on the passport page. This chip has different kinds of information on it, such as the holder’s name, date of birth, and other character information. Also, the technology stores passenger information on a smart chip with a unique identification number and a digital signature. Also, many European countries are starting to use e-passports because they are safer than traditional paper passports and reduce the risk of data being duplicated or changed. This type of passport is called a “”e-Passport”” because it has an electronic device or a contactless integrated circuit (IC), such as an RFID chip. Because the RFID chip stores biometric information, ePassport technology is also called a biometric passport, MRTD (Machine Readable Travel Document), or ICC chip. In addition to using RFID chips, ePassport technology now also uses biometric information such as fingerprint recognition. The new generation of E-passport technology also has features for iris authentication and face recognition. E-Passport is a professional tool that can be used for many things, such as business travel and travel for fun. The E-passport Technologies recently added Contrive Datum Insights to its huge database, which helps businesses shape their futures by making well-informed business decisions. It gives a detailed analysis of many business topics, such as global market trends, recent technological advances, market size, market shares, and new ideas. Also, this analytical data has been put together using data exploration techniques, such as primary and secondary research. Also, an expert team of researchers sheds light on both static and changing parts of the global E-passport Technologies market.
Click Here For A Free Sample PDF Copy Of The E-passport Technologies Market Latest Research Before Purchase:
https://www.contrivedatuminsights.com/request-sample/44601
Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the E-passport Technologies Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as E-passport Technologies Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. The global market for e-passports is divided by technology, application, and region. In terms of technology, the market is broken up into radio frequency identification (RFID) and biometric. It is divided into leisure travel and business travel, depending on how it is used. It is looked at in North America, Europe, Asia-Pacific, and Latin America and the Caribbean (LAMEA). 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 are some of the biggest companies in the global e-passport market. These players have used a variety of strategies to increase their market share and strengthen their foothold in the E-passport market industry.
Based on types, the E-passport Technologies Market is segmented into:
- Radio-frequency Identification (RFID)
- Biometrics
Based on application, the E-passport Technologies Market is segmented into:
- Leisure Travel
- Business Travel
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/44601
Regional Analysis
During the forecast period, North America is expected to remain one of the most attractive markets. The study says that by 2028, the U.S. will make up nearly 72% of the North American market.
E-passport technology solution providers bid on and win supply contracts for the creation and use of e-passports. The United States’ major ePassport suppliers are bidding on and getting contracts for the development and use of ePassports. During the forecast period, France’s demand for e-passport technology is expected to grow at a high CAGR of about 18.2%. The demand for e-passport technology is growing because of things like the rapid spread of passports with microprocessors and the growing number of travelers and others who want to upgrade for convenience. Spain and the Benelux, on the other hand, are thought to make up 13% of the new dollar opportunities in the region as a whole. The governments of Europe are also putting a lot of money into building up airport infrastructure and putting up RFID and biometric security checkpoints. The Singapore market is expected to grow by 3.8 times by 2028, making it one of the biggest places where ePassport technology will be used. From 2022 to 2028, the Singapore market is expected to bring in a total of US$3.6 billion. South Asian countries like Singapore and other developing countries are still putting money into making these passports, which are only for government workers and diplomats in the country. During the forecast period, people in these countries are likely to want e-passports more and more.
Regional E-passport Technologies Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the E-passport Technologies Market include:
- E-passport Technologies Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/e-passport-technologies-market-44601Key Market Participants in the E-passport Technologies Market :
Gemalto, HiD Global, 4G Identity Solutions, CardLogix, IDEMIA, Primekey Solutions, Entrust Datacard., and others.
ABOUT US
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
CONTACT US
Anna B. (Head Of sales) | Contrive Datum Insights
Contact No- IND: +91 9834816757 / CANADA: +1 (215) 297 4078
Email Id : [email protected]