E-passport Market Size, Share, Growth, Trends, Statistics And Regional Forecast To 2028

E-passport Market by Technology (Radio Frequency Identification (RFID) and Biometric) and Application (Leisure Travel and Business Travel): Global Opportunity Analysis and Industry Forecast, 2021–2028

global e-passport market size was valued at $24.57 billion in 2019, and is projected to reach $125.13 billion by 2028, growing at a CAGR of 27.5% from 2021 to 2028

Allied Market Research recently published a report titled, “E-passport Market: Global Opportunity Analysis and Industry Forecast 2020-2027’’.The market report presents the top factors and market trends that are real behind the growth of the market. It also offers an extensive study of evolving market dynamics, top investment pockets, key sections, competitive scenarios, value chain, and major investment prospects. These figures and data are helpful for startups, stakeholders, investors, and the key market players to obtain useful understandings and visions on the market and implement necessary strategies based on the same.

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Covid-19 scenario-

The outbreak of the pandemic gave way to economic instability and dwindled business confidence. Apart from that, dearth of skilled workforce and distorted manufacturing activities impacted the market negatively, especially during the first phase of the lockdown.
Several provinces across the world have again entered the lockdown phase, owing to the thrust by the second wave of the pandemic. This has affected the market growth yet again.

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Key market players in the E-passport Market:

The market report doles out the reference of the major player in the market including 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. These players have taken recourse to essential strategies including alliance, collaboration, development, joint ventures, and others to heighten their stance in the industry.

The study on the global E-passport Market incorporates 200+ pages report that offers noteworthy information along with underscoring the drivers, restraints, and opportunities of the market. The study also aims to proffer a comprehensive information on the recent market leanings, movements, approaches, and stratagems espoused by the market players in the global E-passport Market. The report encompasses both the projected as well as historical data throughout the forecast period along with other facets including product outline and growth opportunities.

The global e-passport market is segmented into 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, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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E-passport Market Geographical Analysis:

The report also provides a regional analysis of the market along with the competitive setting in each region. The research report encompasses regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These segmentations aid the market players in framing respective tactics, thus leading way to lucrative opportunities to attain their objectives.

Our Report provides:

Thorough inquiry of market assessments for all the segments
Detailed market examination from the viewpoint of the frontrunners in the industry
Tactical slants and approaches incorporated by new entrants
Market forecasts on regional base for the next few years
Competitive exploration of the present market trends
Profiling of companies along with their exclusive strategies

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