Over the past few year, factors such as Implementation of Artificial Intelligence (AI) & Machine Learning (ML) in Electronic Passport Technology have contributed to the development of the Global Electronic Passports market.
Undoubtedly, Rising Demand for Advanced Verification Process Propelled by Rising Safety & Security Concerns
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Electronic Passports market is expected to make a significant contribution
AMA research has engaged in the competitive assessment of China & Global Electronic Passports Players for 5 years. The Top 10 Competitive Players in the Electronic Passports in 2023 clearly displays the competitive situations of main Electronic Passports Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.
The End Users, such as Public, is boosting the Electronic Passports market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Technology, such as Radio Frequency Identification, is boosting the Electronic Passports market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Players such as CardLogix Corporation (United States), De La Rue (United Kingdom), Entrust Datacard Corporation (United States), Giesecke+Devrient Mobile Security GmbH (Germany), HID Global Corporation (United States), IDEMIA (France), Infineon Technologies AG (Germany), Mühlbauer Group (Germany), Safran (France) and Thales (France) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Electronic Passports industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.
Stringent Worldwide Government Regulations Regarding Shutting Down of Operations Across Transportation and Travel & Tourism Industry is Impacting Negatively on the Market
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Electronic Passports market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Electronic Passports market size is calculated using market estimation process, the Electronic Passports market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electronic Passports market size has been validated using both top-down and bottom-up approaches.