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Home ➤ Information and Communications Technology ➤ Software and Services ➤ E-passport Market
E-passport Market
E-passport Market
Published date: August 2023 • Formats:
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  • Home ➤ Information and Communications Technology ➤ Software and Services ➤ E-passport Market

Global E-passport Market By Type (Ordinary E-passport, and Service & Diplomatic E-Passport), By Application (Adult, and Child), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

  • Published date: August 2023
  • Report ID: 64745
  • Number of Pages: 221
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Market Overview
    • Largest and Fastest Growing Market
    • Drivers
    • Restraints
    • Opportunities
    • Challenges
    • Key Market Segments
    • Key Market Players
    • Recent Developments
    • Report Scope

    Market Overview

    An e-passport, also known as a biometric passport or digital passport, is a modern form of travel document that integrates electronic chips and biometric information, offering enhanced security and streamlined border control processes. E-passports are rapidly gaining traction worldwide, revolutionizing the way people travel and interact with immigration authorities.

    The global e-passport market was valued at USD 25.9 billion in 2022 and is expected to reach USD 88.3 billion by 2032, growing at a CAGR of 13.4% during the forecast period. The widespread adoption of e-passports is playing a larger role in modernizing travel and immigration processes. Governments are leveraging e-passport technology to enhance national security, streamline border control procedures, and improve overall travel efficiency.

    e-passport market

    Rising Demands

    The increasing frequency of international travel, along with rising concerns over identity theft and passport forgery, has led to higher demands for e-passports. Governments worldwide are recognizing the need for advanced security measures to prevent illegal immigration and enhance their border control systems.

    Increasing Uses

    E-passports serve multiple purposes beyond facilitating international travel. They can be used for identity verification in various scenarios, such as accessing government services, financial transactions, and even voting. The versatility of e-passports makes them a valuable tool in the digital age.

    Rising Popularity

    The e-passport market is witnessing rapid growth and popularity due to several key factors. First, e-passports offer convenience and faster processing times at border crossings. Second, the integration of biometric data, such as fingerprints and facial recognition, enhances security and reduces the risk of identity fraud. Lastly, the interoperability of e-passports with various travel and immigration systems makes them an attractive option for governments worldwide.

    Largest and Fastest Growing Market

    In 2022, North America is anticipated to lead the e-passport market as the largest region for e-passport adoption. This growth can be attributed to the region’s high adoption rate of biometric technology and the significant increase in the number of travelers.

    In Europe, the e-passport market is also experiencing substantial growth. The rising demand for enhanced security and convenience is driving the adoption of e-passports in the region. Additionally, the increasing number of travelers in Europe further boosts the market’s expansion.

    Asia Pacific is another key player in the e-passport market, showcasing considerable growth. The region’s adoption of biometric technology has been on the rise, contributing to the popularity of e-passports. Furthermore, the growing number of travelers in Asia Pacific is a significant factor propelling the market’s growth. Additionally, various government regulations promoting the use of e-passports have further accelerated the adoption in the region.

    Overall, the e-passport market is witnessing significant growth in these regions due to various factors such as the integration of biometric technology, the increasing number of travelers, and government initiatives promoting advanced security measures. As e-passports continue to revolutionize travel and enhance security, their demand is expected to further escalate across North America, Europe, and Asia Pacific in the coming years.

    Drivers

    • Security Concerns: Growing security threats have compelled governments to invest in advanced technologies like e-passports to ensure the authenticity of travel documents and prevent fraudulent activities.
    • International Travel: Increasing globalization and the rise in international tourism have driven the demand for faster and more secure travel documentation solutions.
    • Government Initiatives: Many countries have launched government initiatives to encourage the adoption of e-passports, leading to higher market penetration.
    • Technological Advancements: Advancements in biometric technology, data encryption, and RFID (Radio Frequency Identification) have made e-passports more secure and reliable.

    Restraints

    • High Implementation Costs: The initial investment required to transition from traditional passports to e-passports can be a significant barrier for some countries.
    • Privacy Concerns: The collection and storage of biometric data raise privacy concerns among individuals and advocacy groups.
    • Compatibility Issues: Ensuring interoperability among different e-passport systems can be a challenge, hindering seamless international travel.

    Opportunities

    • Innovative Applications: E-passports can be integrated with various sectors like healthcare, finance, and transportation, creating new opportunities for service providers and enhancing user experiences.
    • Emerging Markets: Developing economies with increasing international travel offer untapped opportunities for e-passport vendors to expand their market presence.
    • Technological Advancements: Continuous advancements in e-passport technology present opportunities for companies to offer enhanced features and services to their customers.

    Challenges

    • Security Risks: As technology advances, so do the methods used by criminals to forge or hack e-passports, making it essential for governments and vendors to stay ahead in terms of security measures.
    • Standardization: Achieving global standardization in e-passport specifications and security features is crucial for seamless international travel and data sharing.
    • Public Acceptance: Convincing the public about the benefits of e-passports while addressing their privacy concerns is a challenge that governments and vendors must tackle.

    Key Market Segments

    Type

    • Ordinary E-passport
    • Service & Diplomatic E-Passport

    Application

    • Adult
    • Child

    Key Market Players

    • Gemalto
    • Shanghai Mite Speciality & Precision Printing
    • India Security Press
    • Beijing Jinchen Cvic Security Printing
    • Bundesdruckerei
    • Japan National Printing Bureau
    • Goznak
    • Casa da Moeda do Brasil
    • Canadian Bank Note
    • Royal Mint of Spain
    • Polish Security Printing Works
    • Istituto Poligrafico e Zecca dello Stato
    • Iris Corporation Berhad
    • Semlex Group
    • Veridos
    • Morpho

    Recent Developments

    • In 2023, The first e-passports with facial recognition capabilities are issued in the European Union and the United States.
    • In 2023, The adoption of e-passports with facial recognition capabilities begins to accelerate in other countries around the world.
    • In 2023, New biometric technologies, such as iris scanning, are beginning to be incorporated into e-passports.

    Report Scope

    Report Features Description
    Market Value (2022) USD 25.9 billion
    Forecast Revenue (2032) USD 88.3 billion
    CAGR (2023-2032) 13.4%
    Base Year for Estimation 2022
    Historic Period 2016-2022
    Forecast Period 2023-2032
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments
    Segments Covered By Type (Ordinary E-passport, and Service & Diplomatic E-Passport), By Application (Adult, and Child)
    Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA
    Competitive Landscape Gemalto, Shanghai Mite Speciality & Precision Printing, India Security Press, Beijing Jinchen Cvic Security Printing, Bundesdruckerei, Japan National Printing Bureau, Goznak, Casa da Moeda do Brasil, Canadian Bank Note, Royal Mint of Spain, Polish Security Printing Works, Istituto Poligrafico e Zecca dello Stato, Iris Corporation Berhad, Semlex Group, Veridos, Morpho
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)

    Frequently Asked Questions (FAQ)

    What is an e-passport?

    An e-passport is a passport that contains an electronic chip. The chip stores the passport holder's personal information, such as their name, date of birth, and photograph.

    Are e-passports secure?

    Yes, e-passports offer enhanced security through the integration of biometric data and advanced encryption technologies, making them more secure than traditional paper passports.

    Can I use my e-passport for domestic travel?

    While e-passports are primarily designed for international travel, some countries are exploring the possibility of using them for domestic travel and identity verification.

    What are the benefits of e-passports?

    E-passports offer a number of benefits over traditional passports, including:

    • Increased security: The electronic chip makes it more difficult to counterfeit e-passports.
    • Increased convenience: E-passports can be used at e-gates, which speeds up the border crossing process.
    • Reduced fraud: E-passports can help to prevent identity theft and fraud.

    E-passport Market
    E-passport Market
    Published date: August 2023
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    • Gemalto
    • Shanghai Mite Speciality & Precision Printing
    • India Security Press
    • Beijing Jinchen Cvic Security Printing
    • Bundesdruckerei
    • Japan National Printing Bureau
    • Goznak
    • Casa da Moeda do Brasil
    • Canadian Bank Note
    • Royal Mint of Spain
    • Polish Security Printing Works
    • Istituto Poligrafico e Zecca dello Stato
    • Iris Corporation Berhad
    • Semlex Group
    • Veridos
    • Morpho
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