The global e-passport market is expected to grow at a CAGR of 22.0% during the forecast period (2022-2028). An e-Passport is a chip-enabled passport with a biometric identification card strengthening the transparency and security of travel documents. However, it is no different from a regular passport in terms of application, verification, and information. Passengers with an e-passport do not have to stand in queue for a long time as it can be scanned in a few seconds. It has a biometric record of individuals. Therefore, it will prevent fraudsters from conducting data piracy and making duplicate passports. On tampering, the chip passport authentication will fail. No one can wipe data from it. Embossed holographic images in a laminated film that appear to change colour and move under light. This passport contains demographic information of the bearer, biometric information of the bearer, fingerprints of all 10 fingers of the bearer’s hand, Iris scans of the bearer. It also contains colour photograph of the bearer and digital signature of the bearer.
Some major players in the market include 4G Identity Solutions, Ask Media Group, LLC, and CardLogix Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2022, Largest software exporter TCS on Friday bagged the second phase of the Passport Seva Programme (PSP), after an over decade-long work in the first phase which has witnessed rapid strides in citizens availing the services. TCS will also introduce the much-awaited e-passport. it will not be a completely paper-free document as work such as visa stamping will continue, however, will definitely reduce the need for paper through automation wherever possible.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Technology
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- 4G Identity Solutions, Ask Media Group, LLC, and CardLogix Corp., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global E-Passport Market Report by Segment
By Technology
- Radio Frequency Identification
- Biometric
By Application
- Leisure Travel
- Business Travel
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