E-Passport Market Size, Growth Analysis, Demand and Forecast Report by 2027
The global E-passport market is studied in detail in the new report on Qualiket Research. The new report studies the E-passport market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.
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E-passport also called as electronic passport. Increase in need to strengthen security features of passports to reduce the rise in threat of identify frauds is primarily drive the global e-passport market. E-passports are also called as biometric passports have an additional layer of security not found in regular passports. These passports are equipped with electronic devices or contactless integrated circuits like RFID chips. Â RFID chip contains biometric data.
Market Drivers
Increase in advanced verification means to detect identify frauds is considered as key driving factor which is expected to boost the global e-passport market growth. Also, presence of advanced airport infrastructure facilities will positively contribute the market growth. Moreover, increase in number of people travelling in the cross border destinations will propel the market growth. Also, increase in adoption of e-passport by developing nations which are expected to fuel the market growth in near future.
Market Restraints
However, high cost associated with initial deployments and replacements are major challenging factors which are expected to hamper the global e-passport market growth during this analysis period.
Market Key Players
Various key players are discussed in this report such as Gemalto N.V., Entrust Datacard Corporation, Mhlbauer Group, Infineon Technologies AG, HID Global Corporation, Eastcompeace Technology Co., Safran S.A., Eastcompeace Technology Co, and 4G Identity Solutions
Market Taxonomy
By Technology
- Radio Frequency Identification (RFID)
- Biometrics
By Application
- Leisure Travel
- Business Travel
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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