The Global E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30.                                        

Global E-Passport Market Driver:

Surging International Travel to Drive Market Growth – During the last decade, many economies have experienced significant economic growth, leading to a surge in disposable income, which has enabled more individuals to afford international travel. Additionally, the increase in the number of low-cost carriers has made air travel more accessible, which has subsequently enhanced international tourism. For instance,

·        In 2023, as per the United Nations World Tourism Organization (UNWTO), international arrivals reached approximately 1.3 billion.

The growth in international tourism has enhanced the focus on standardizing travel documents to ease the process of international travel, owing to which countries across the globe are adopting e-passports. Moreover, there's been a significant increase in the number of students seeking educational opportunities abroad across the globe. Along with this, many universities and educational institutions, especially in North America and Europe, are actively promoting international campuses and partnerships. The increase in international student mobility highlights the advantages of adopting e-passports for governments to facilitate smoother and more efficient border crossings. This is anticipated to drive market growth & expansion during the forecast period.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global E-Passport Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Type
  • Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
    • Face Recognition
    • Fingerprint Recognition
    • Iris Recognition
    • Others
  • Non-Biometric e-Passports- Market Size & Forecast 2019-2030, (USD Million)
    • Radio-Frequency Identification (RFID)
    • Others
• By Security
  • Basic Access Control- Market Size & Forecast 2019-2030, (USD Million)
  • Extended Access Control- Market Size & Forecast 2019-2030, (USD Million)
  • Supplemental Access Control- Market Size & Forecast 2019-2030, (USD Million)
  • Biometric Authentication- Market Size & Forecast 2019-2030, (USD Million)
• By Component
  • Electronic Chip- Market Size & Forecast 2019-2030, (USD Million)
  • Antenna- Market Size & Forecast 2019-2030, (USD Million)
  • Biometric Capture Devices- Market Size & Forecast 2019-2030, (USD Million)
  • Others- Market Size & Forecast 2019-2030, (USD Million)
• By Application
  • Traveling- Market Size & Forecast 2019-2030, (USD Million)
    • Business Travel- Market Size & Forecast 2019-2030, (USD Million)
    • Leisure Travel- Market Size & Forecast 2019-2030, (USD Million)
  • Border Control and Immigration- Market Size & Forecast 2019-2030, (USD Million)
  • Identity Proof- Market Size & Forecast 2019-2030, (USD Million)
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   CardLogix Corporation, 4G Identity Solutions, 3M, HID Global Corporation, IDEMIA, Infineon Technologies AG, Eastcompeace Technology Co., Ltd., Entrust Corporation, Muhlbauer Group, Iris Corporation, Thales Group, Safran Identity and Security, PrimeKey Solutions AB, Datacard Group, Others,

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