Biometric Passports Market Scope
A biometric passport contains specially designed passport pages with a data chip and complex watermarks. Biometric passports use personal characters such as eye maps, facial attributes, and fingerprints as primary credential features to identify personal data over a passport PIN or photo. The International Civil Aviation Organization (ICAO) recognised these biometric features after reviewing a variety of other biometrics, including retinal and fingerprint scans. Furthermore, this technology stores passenger information on a smart chip with a unique identification number and digital signature. Furthermore, many countries are adopting e-passports because they are safer than traditional paper passports and reduce the risk of data duplication and alteration.
|Unit||Value (USD Million)|
|Key Companies Profiled||Fujitsu Ltd. (Japan), Cognitec Systems GmbH (Germany), ASK MEDIA GROUP LLC (United States), CARDLOGIX CORPORATION (United States), EASTCOMPEACE TECHNOLOGY CO, LTD (China), ENTRUST CORPORATION (United States), HID GLOBAL CORPORATION (United States), INFINEON TECHNOLOGIES AG (Germany), MUHLBAUER GROUP (Germany) and SAFRAN (France)|
Market players are focusing on providing Biometric Passport with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer an advanced Biometric Passport. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that Europe Players will contribute to the maximum growth of Global Biometric Passports market throughout the predicted period.
Fujitsu Ltd. (Japan), Cognitec Systems GmbH (Germany), ASK MEDIA GROUP LLC (United States), CARDLOGIX CORPORATION (United States), EASTCOMPEACE TECHNOLOGY CO, LTD (China), ENTRUST CORPORATION (United States), HID GLOBAL CORPORATION (United States), INFINEON TECHNOLOGIES AG (Germany), MUHLBAUER GROUP (Germany) and SAFRAN (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are THALES GROUP (France), Cross Match Technologies (United States), 4G IDENTITY SOLUTIONS (India), Facebanx (United Kingdom) and Secunet Security Networks AG (Germany).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Biometric Passports market by Type , by Application (Individual, Commercial and Others) and Region with country level break-up.
On the basis of geography, the market of Biometric Passports has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn March 2022 Cognitec will join the Salto Group, adding the German face biometrics companyís technology to the Spanish electronic security and access control firmís portfolio. Cognitec states that Salto Systems selected it for acquisition to meet market requests for facial recognition and AI solutions for its electronic access control and ticketing solutions. The acquisition is expected to boost Cognitecís research and development efforts and market reach for its product line-up as it collaborates with Salto on new technologies for expanding biometric markets.
November 2021 CardLogix, an expert in biometric and secure smart card applications solutions is introducing the BIOSID PRO. This mobile device has the ability to enroll, validate (through the AFIS algorithm), and verify the userís biometric information (fingerprints, face, and iris) of any users regardless of their location, connectivity, and environment.
In the Enhanced Border Security and Visa Entry Reform Act of 2002, the U.S. Congress mandated the use of biometrics in U.S. visas. This law requires that U.S. Embassies and Consulates abroad must issue to international visitors, "only machine-readable, tamper-resistant visas, and other travel and entry documents that use biometric identifiers. Additionally, the Homeland Security Council decided that the U.S. standard for biometric screening is ten fingerprint scans collected at all U.S. Embassies and Consulates for visa applicants seeking to come to the United States.
Biometric Passports Market Dynamics:
|Trends Influencing Market|
- The growing number of business travel.
- Data Security Concerns Have Been Restraining The Market Growth.
- High deployment costs and a lack of technical knowledge are two major challenges in the biometric passport market.
- Furthermore, the presence of advanced infrastructure facilitates easy passenger identification, reduces passenger wait times, and will increase demand for biometric passports.
- Increasing Advanced Verification will make it easier to detect identity frauds, and the presence of advanced airport infrastructure facilities, as well as the adoption of E-Passports, is expected to drive the growth of the Global Biometric Passport Market.
Key Target AudienceBiometric system developers, New Entrants and Investors, Legalized Cannabis Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others