An ePassport is an electronic passport that uses biometric data to authenticate the identity of the passport holder. The passport contains a chip that stores the holder’s biometric data, which can be used to verify the identity of the holder. The data stored on the chip can also be used to track the holder’s travel history.
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Key Trends
There are several key trends in ePassport technology. One is the increasing use of biometrics. This means that passports now contain information about the holder’s physical characteristics, such as their fingerprints or iris scans. This makes it much harder for someone to forge a passport or to use someone else’s passport.
Another trend is the increasing use of radio frequency identification (RFID) chips in passports. These chips store information about the passport holder, such as their name and date of birth. They can also be used to store biometric data. RFID chips make it easier and faster for border control staff to check passports.
A third trend is the increasing use of security features in passports. These features make it more difficult for forgers to produce fake passports. For example, many passports now have holograms, watermarks or special paper.
Key Drivers
One of the key drivers of the ePassport market is the increasing need for security and identity verification. With the increasing number of terrorist attacks and the rising concerns over identity theft, there is a growing need for passports that are more secure and difficult to forge. The ePassport, which uses an electronic chip to store biometric data, is seen as a more secure option than traditional passports.
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Another key driver of the ePassport market is the increasing number of countries that are requiring their citizens to use ePassports when traveling. In 2006, the United States began requiring all citizens to use ePassports when traveling to certain countries. This has led to a growing number of countries requiring ePassports for entry.
The ePassport market is also being driven by the increasing number of countries that are offering ePassport services. In some cases, countries are offering ePassport services as an alternative to traditional passport services. This is often done in order to save money and to improve the efficiency of passport services.
The ePassport market is expected to continue to grow in the coming years. This growth is being driven by the increasing need for security and identity verification, the increasing number of countries requiring ePassports for travel, and the increasing number of countries offering ePassport services.
Restraints & Challenges
One of the key restraints in the ePassport market is the lack of awareness among people about this technology. There is a need to create awareness about the benefits of ePassports and how they can make travel more convenient and hassle-free. Another challenge is the high cost of ePassports, which may deter some people from adopting this technology.
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Market Segments
The ePassport Market is segmented by 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, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The ePassport Market includes players such as Fourg Identity Solutions, Ask Media Group Llc, Cardlogix Corporation, Eastcompeace Technology Co. Ltd, Entrust Corporation, Hid Global Corporation, Infineon Technologies AG, Muehlbauer Group, Safran and Thales Group.
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