E-passport Market to Expand with Significant CAGR During 2021-2031 | Entrust Corporation, HID Global Corporation, IDEMIA, Infineon Technologies AG

New York, An e-passport, also known as a digital passport or an electronic passport, is a form of passport that contains a chip embedded in its cover. This chip stores the same information that is printed on the passport's data page, such as the holder's name, date of birth, and other biometric information. This chip also contains a digital signature, which is used to verify the authenticity of the passport and its data.

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E-passports have many advantages over traditional paper passports. They are more secure, as the chip is encrypted and difficult to counterfeit. Additionally, e-passports can be used to speed up the immigration process, as the reader can quickly scan the passport and verify its authenticity. Finally, e-passports are more durable than paper passports, as the chip is protected from wear and tear.

Overall, e-passports are an important tool for improving border security and making the immigration process more efficient. By using an e-passport, travelers can rest assured that their passport is secure and that their personal data is protected.

Key Trends

E-passport technology has revolutionized the way we travel, offering improved security and convenience. In the past few years, the technology has seen significant advances, and it is likely to continue to evolve in the coming years. Here are some of the key trends in e-passport technology

1. Biometric Identification: The most significant advancement in e-passport technology is the use of biometric identification. This technology uses facial recognition, fingerprinting, and other biometrics to verify the identity of a passport holder. By using biometrics, e-passports can ensure that only the rightful owner has access to the passport. Furthermore, biometrics can be used to detect fraudulent activities and prevent identity theft.

2. Improved Security Features: E-passports are equipped with enhanced security features that are designed to make them more difficult to counterfeit or tamper with. These features include advanced encryption technologies, digital signatures, and holographic images. Additionally, some e-passports come with RFID chips, which allow the passport to be read from a distance.

3. Contactless Technology: Contactless technology is another trend in e-passport technology. This technology allows the passport holder to access certain services without having to physically present the passport. For example, travelers can use a contactless card or mobile device to access the airport’s e-gates, which allows them to bypass traditional passport control lines.

Key Drivers

The E-passport market has been growing in popularity and importance in recent years due to the convenience, security, and cost savings associated with its use. This market is driven by a variety of factors that have made it an increasingly attractive option for governments and citizens alike.

Firstly, the development of digital technologies has enabled the production of secure and reliable e-passports. These passports are embedded with a microchip that contains biometric data about the holder, such as their photograph, fingerprints, and other identifying information. This makes it much harder for would-be fraudsters to forge a passport, as the data is encrypted and protected from tampering. Furthermore, the chip also allows for the use of contactless technology, which allows for faster and more efficient passport control at the border.

Secondly, the cost-savings associated with e-passports have been a major driver for its adoption. Unlike traditional paper passports, e-passports do not require expensive printing and issuance processes. Furthermore, the contactless technology associated with the chip also allows for faster border crossings. This makes it a much more attractive option for governments looking to reduce the costs associated with border control.

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Market Segmentation

The E-Passport Market is segmented into Technology, Application, and Region. On the basis of Technology, the E-Passport Market is bifurcated into Radio Frequency Identification (RFID) and Biometric. Based on Application, the market is bifurcated into Leisure Travel and Business Travel. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Key Players

Some of the key players of E-Passport Market are 4G Identity Solutions Private Limited (Goldstone Technologies Ltd.) (India), CardLogix Corporation (US), Entrust Corporation (US), HID Global Corporation (Assa Abloy AB) (South Korea), IDEMIA (France), Infineon Technologies AG (Germany), Mühlbauer Group (Germany), Primekey Solutions AB (Keyfactor) (US), Thales Group (India), and Safran (UK).

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