E-passport Market Scope
E-Passports are used to validate the identity of a passenger during international travels by storing information about the passengers on a smart chip authenticated by public key infrastructure which accepts a digital signature and unique identification code thus, reducing the threat of data alteration and duplication. Some of the biometric techniques used in e-passport are thumbprint, iris, and facial recognition and Increase in illegal immigration, thefts, and fraudulent activities fuel e-passport market. Additionally, e-passport provides faster verification of individual and security checks at airports. Rising adoption in key countries to regulate the safety of residents. For instance, In the United States alone issued over 21,378,994 e-passports in 2017 and the state's department projected approx 20.4 million people will apply for a passport in 2018.
According to AMA, the Global E-passport market is expected to see growth rate of 25.9%
E-passport market is growing globally owing to the increasing need for safe and secure travel. low cost of e-passport is the primary factor driving the e-passport market. Further, companies are focussing on technological development for advanced user interface and growing airport infrastructure supplementing the market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global E-passport market throughout the predicted period.
Gemalto N.V. (Netherlands), Oberthur Technologies Group S.A.S (France), Entrust Data Card Corporation (United States), HID Global Corporation (United States), Safran U.S.A. Inc. (United States), NXP (United States), Eastcompeace Technology Co. Ltd. (China), CardLogix Corporation (United States), 4G Identity Solutions (India), CIBT, Inc. (United States), Goznak (Russia) and Veridos Gmbh (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SIGNiX's Technology (United States), Morpho (Japan) and Shanghai Mite Specialty & Precision Printing (China).
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 total available market.
The study have segmented the market of Global E-passport market by Type (Ordinary E-passport and Service & Diplomatic E-Passport), by Application (Leisure Travel, Business Travel and Others) and Region with country level break-up.
On the basis of geography, the market of E-passport 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).
According to the ICAO, "The United Nations agency that oversees international air travel and defines ePassport standards, 120 states claim that they are currently issuing ePassports”. and “The infrastructure supporting ePassports has expanded as well. Today, more than 5,000 automated border crossings are operating worldwide, supporting more than 20 million transactions daily.”
- Increasing Adoption of E-Passport as a Secure Travel Document.
- Emphasizing on Innovative Verification Techniques to Detect Identity Frauds
- Rise in Number of Cross Border Air Travelers
- The emergence of Wireless Communication Technology
- Development in Advanced Airport Infrastructure
- Stringent Government Regulations
- Lack of Awareness in Emerging Economies
Key Target AudienceE-Passport Providers, Government Agencies, Research Institute, Market Research Firms and Others