E-Passport Market Overview to 2021: Increasing Need to Comply With Government Regulations, Protection against Identity Fraud, Effective Border Control and Faster Immigration Inspection

Summary

Orbis Research Present's Global E-Passport Market to grow at a CAGR of 26.31% during the period 2017-2021.

New Research Report – Global e-Passport Market 2017-2021

The Following Companies As The Key Players In The Global E-Passport Market: Gemalto, Giesecke & Devrient, Infineon Technologies, Safran Identity & Security, and Oberthur Technologies.

Other Prominent Vendors in the market are: 4G Identity Solutions, ASK, CardLogic, DataCard, HID Global, IRIS, and Mühlbauer.

Get a PDF Sample of Global e-Passport Market Report at: http://www.orbisresearch.com/contacts/request-sample/241189

Commenting on the report: “One trend in market is rising awareness of e-passport as a secure travel document. The e-passport is a far more secure travel document than a traditional paper passport. It is an additional method of authenticating the printed information with a sealed electronic copy. It is virtually impossible to counterfeit an e-passport because the authentic digital seal on the electronic data can't be duplicated. In addition, any alteration of the chip information breaks the seal. Hence, border agents can easily detect any tampering of information. In the case of stolen documents, an individual's passport photograph could be replaced by a fraudulent one on the printed data page. However, the digital copy of the photograph on the chip can’t be changed without detection.”

According to the report, one driver in market is increase in number of air passengers. About 7% increase in terms of Revenue Passenger Kilometers (RPK) has been observed in 2016. In addition, the frequency of flights operating has increased to meet the growing demand. RPK is the measure of traffic for an airline. It is calculated by multiplying the number of revenue-paying passengers aboard the vehicle by the distance traveled. Governments worldwide are investing in construction, expansion, and revamping of airports to accommodate the growing number of airlines and commuters. In the Middle East, governments are also making investments in mega events such as the Dubai Expo 2020 in the UAE and the FIFA World Cup 2022 in Qatar.

Read more details of the report at: http://www.orbisresearch.com/reports/index/global-e-passport-market-2017-2021

Further, the report states that one challenge in market is high cost of initial deployment and replacement. One of the main challenges faced by vendors in the global e-passport market is the high initial deployment and replacement costs in some regions. This is due to the limited vendor penetration in regions such as South America and APAC which have a few local players. Most of the vendors in this market are based in Europe. Therefore, the market is controlled by a small group of vendors. This results in low competition and high initial deployment and replacement costs. Contactless smart cards have high manufacturing costs as they are more advanced than magnetic tape cards. Hence, the overall cost of e-passports increases with advances in software and hardware.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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