E-Passport and E-Visa Market 2019 -2023: Business Trends, Segments, Size and Top Key Players Profiles and Future Prospects

Global e-passport and e-visa Market Research Report — By Type (Biometrics, RFID), By Application (Leisure Travel, Business Travel, Identification/Proof, Immigration/Border Control) By Hardware Components (Antenna, Processor/Chip) — Forecast till 2023

E-Passport & E-Visa Market Highlights:
The global e-Passport & e-Visa market was analyzed by Market Research Future (MRFR) and it was projected that a noteworthy CAGR will be attained by the market over the forecast period of 2017 to 2023.

E-passports and e-visas function with the help of contactless smart chip technology and are integrated with computer chip alongside an embedded antenna. The technology is being increasingly used by passengers, irrespective of them traveling for leisure or business purpose.

The global E-Passport & E-Visa Market is expected to garner noticeable growth in the coming years.

This is majorly due to the increasing introduction of the technology and service across different countries. The technology is being adopted at a rapid pace as it aids in curbing down issues related to identity that might pop-up during the verification and processing phase of documents at various airports. The technological solution helps in minimizing the processing time that is required at immigration desks to get clearance. Additionally, the technology enables security personnel to lay focus on checking suspicious or potentially high-risk travelers.

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Competitive Landscape:
The global e-Passport & e-Visa market comprises a host of key players. This includes names like Muehlbauer group (Malaysia), Cardlogic limited (Ireland), Oberthur Technologies (France), 4G identity solutions private limited (U.A.E), Eastcompeace (China), Iris Corporation (Malaysia), HID Global Corporation (U.S), Safran identity and security (France), Gemalto NV (the Netherlands), Datacard group (U.S), Giesecke&Devrient limited (Germany), and others.
Some of the other prominent players in the global e-passport & e-visa market includes names like Morpho B.V- Idemia (France), Infineon Technologies (Germany), Cardlogix Corporation (U.S), and others.

Market Segmentation
The global e-Passport & e-Visa market has been segmented in terms of type, application, and hardware components.
• By type, the market breaks down into RFID and Biometrics. The biometrics segment is further narrowed down into fingerprint recognition, facial recognition, and iris recognition.
• By application, the market divides into identification/proof, traveling, and immigration/border control. The traveling segment includes business travel, leisure travel, and foreign affairs.
• By hardware components, the market segments into chip/processor, antenna, and others.

Regional Analysis:
The global market for e-Passport & e-Visa market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of data as a service market is studied for North America, Europe, Asia Pacific, and the rest of the world. Europe is expected to dominate the e-Passport & e-Visa Market during the forecast period. Germany, the UK, and France were the early adopters of biometric technology for various purposes like border control, airport security, identity security, and law enforcement.

Asia Pacific will be expected to grow rapidly after Europe during the forecast period. Bangladesh and India, are planning to introduce e-passport and e-visa services to reduce the problems associated with document processing at airports security. The implementation of border control technology will also boost the country’s national security at departure terminals.

Industry Buzz:
July 2019, the Bangladesh government has begun the distributing electronic passports in the country for the first time ever. The electronic passport has an embedded e-microprocessor chip comprising biometric information in order to authenticate the bearer’s identity. The country has already issued a total of 26 million machine readable passports.

June 2019, Rwanda became the latest country from the East African Community (EAC) to launch and issue electronic passports. This is was done in an effort to make border clearance fast and as part of the region’s strategy to promote integration. Some of the other EAC countries that have already issued e-passports include Tanzania, Uganda, and Kenya.

June 2019, the Ministry of External Affairs of India announced its plans of working on an advanced electronic passport system that is chip-enabled. This is as part of the effort from the ministry to deliver citizen-centric services through various reforms.

Intended Audience:
• Semiconductor Foundries
• Service providers
• Research Institute
• Government Agencies
• Border Control and Immigration
• Chipset manufacturers
• Passport reader manufacturers
• Security agencies

Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

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List of Tables
Table1 Global E Passport and E Visa Market: By Region, 2017-2023
Table2 North America E Passport and E Visa Market: By Country, 2017-2023
Table3 Europe E Passport and E Visa Market: By Country, 2017-2023

List of Figures
Figure 1 Global E Passport and E Visa Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global E Passport and E Visa Market

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Release ID: 88908096