E-Passport Market Report 2023, Trends, Demand and Business Opportunities 2028

The latest report by IMARC Group, titled "E-Passport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2038". The global E-passport market size reached US$ 25.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.4% during 2023-2028.

An e-passport, also called an electronic passport, is a modern travel document designed to securely hold personal identification details through embedded microchips. This digital upgrade of traditional passports improves security and simplifies the immigration process. E-passports include biometric information like fingerprints or facial recognition, which adds an extra layer of authenticity and lowers the risk of identity fraud. As countries worldwide aim to strengthen border control and facilitate smooth travel, the adoption of e-passports has become a significant development.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-passport-market/requestsample

E-Passport Market Trends and Drivers:

The global e-passport market is experiencing substantial growth due to various factors addressing security concerns and the need for more efficient travel procedures. Governments in different regions are increasingly adopting e-passports to enhance national security by reducing the risk of counterfeit passports and unauthorized border crossings. This heightened focus on security compels nations to transition to e-passports, which can store and verify biometric data in real-time, ensuring more accurate identity verification. Additionally, the rapid expansion of the travel and tourism industry is influencing market growth. With the increasing number of international travelers, there is a growing demand for faster immigration processes. E-passports offer quicker processing times, reducing queues and improving the overall travel experience, especially in business travel, where time efficiency is crucial. The market is also witnessing a shift towards greater user convenience through the integration of contactless technology and mobile applications. Travelers can now access and store their information on their smartphones, reducing the reliance on physical documents. This digital transformation aligns with changing consumer preferences for seamless, technology-driven interactions, thus propelling the market.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

Radio Frequency Identification (RFID)
Biometric

Breakup by Security:

Basic Access Control
Password Authenticated Connection Establishment
Supplemental Access Control
Extended Access Control

Breakup by Application:

Leisure Travel
Business Travel

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Competitors Landscape with Key Players:

4G Identity Solutions Private Limited (Goldstone Technologies Ltd.)
CardLogix Corporation
Entrust Corporation
HID Global Corporation (Assa Abloy AB)
IDEMIA
Infineon Technologies AG
Mühlbauer Group
Primekey Solutions AB (Keyfactor)
Thales Group

Explore Full Report with TOC: https://www.imarcgroup.com/e-passport-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.