E-Passport and E-Visa Market 2019-2023: Key Findings, Industry Segments, Regional Study, Business Trends 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).

E-Passport & E-Visa Market Highlights:
According to the new report by Market Research Future (MRFR), the global e-passport and e-visa market is slated to acquire a vital market valuation at a steady CAGR over the review period.

The foremost factor responsible for the growth of the global market for e-passport and e-visa is the introduction of e-passport and e-visa services and application to enable the reduction of identity issues arising through the processing and verification of documents at airports. This reduces the processing time at migration desks to get authorization and also permits the security personnel to focus on the surveillance of apprehensive and high-risk travelers.

The growing digitization across the globe is one of the primary driving factors of the global E-Passport & E-Visa Market and si expected to contribute towards the growth of the market over the review period. Consumer preference for digital media usage is also driving the demand in the market.

Major Key Players:
The major market players identified in the market of e-passport and e visa are 4G identity solutions private limited (U.A.E), Cardlogic Limited (Ireland), Iris Corporation (Malaysia), Safran identity and security (France), Muehlbauer group (Malaysia) , Oberthur Technologies (France),Eastcompeace (China), Datacard group (U.S), HID Global Corporation(U.S), Gemalto NV (the Netherlands) Giesecke&Devrient limited (Germany),among others.

Other players in the market include Infineon Technologies (Germany), Cardlogix Corporation (U.S), Morpho B.V- Idemia (France), among others.

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Segmental Analysis:
The global market for e-passport and e-visa is segmented on the basis of type, application, hardware components.
• On the basis of the type, the e-passport and e-visa market is segmented into biometrics and RFID. The Biometrics is further segmented into fingerprint recognition, facial recognition, and iris recognition.
• Based on the application, the global e-passport and e-visa market is segmented into identification/proof, Travelling (Leisure Travel, Business travel, foreign affairs), and immigration/border control.
• On the basis of the hardware components, the e-passport and e-visa market is segmented into processor/chip, antenna, others.

Regional Analysis:
On the basis of region, the global e-passport and e-visa market is segmented into Asia Pacific, North America, Europe, and the rest of the world including the middle east, Africa and Latin america.

Europe is expected to lead the e-Passport & e-Visa market share in terms of value, during the forecast period. European nations, including Germany, the UK, and France, adopted the e-passport and e-visa concept early, and also the biometric technology for numerous purposes like border control, identity security, airport security, and law enforcement. The market in the region is expected to retain its dominance over the review period.

North America is one of the significant markets for e-passport and e-visa and is expected to account for a significant market share over the review period. This is attributed to the presence of significant market players in the region, especially in developed countries such as Canada and US. Moreover, the technological advancements, government measures for advanced security measures, are driving the growth of the e-passport and e-visa market in the region. The consumer preference for e-passport and e-visa is also one of the major drivers for the growth of the e-passport and e-visa market over the review period.

The e-passport and e-visa market in Asia Pacific region is the fastest-growing region across the globe and is probable to expand at the highest CAGR during the forecast period. This is attributed to the growing penetration of gadgets among consumers, and the increasing digitization in the developing countries of the region. The governments of Bangladesh, China and India are planning to introduce e-passport and e-visa services to decrease the disturbances associated with document processing at airports. The application of border control technology will also aid the region’s security measures at departure terminals since several parts of Asia Pacific have terrorism concerns.

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
Continued….

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List of Tables
Table 1 Global E Passport and E Visa Market: By Region, 2017-2023
Table 2 North America E Passport and E Visa Market: By Country, 2017-2023
Table 3 Europe E Passport and E Visa Market: By Country, 2017-2023
Continued….

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
Continued….

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