Global Electronic Passports Market, By Technology (Radio Frequency Identification (RFID), Biometrics), Application (Business Travel, Leisure Travel), Security (Basic Access Control (BAC), Password Authenticated Connection Establishment (PACE), Supplemental Access Control (SAC), Extended Access Control (EAC)), Type (Ordinary E-passport, Service and Diplomatic E-Passport), Component (Software, Hardware, Services), End-User (Adult, Child), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Electronic Passports Market
Electronic passports market is expected to reach USD 112.51 billion by 2027 witnessing market growth at a rate of 22.8% in the forecast period of 2020 to 2027. Data Bridge Market Research report on Electronic passports market provides analysis and insights regarding the factor such as increasing development of wireless communication technology.
Increasing advanced verifications means to detect identity frauds, prevalence of improved airport infrastructure, rising number of people travelling to cross border destinations will likely to enhance the growth of the electronic passports market in the forecast period of 2020-2027. On the other hand, surging levels of investment for the development of advanced and technical products will further boost various opportunities that will lead to the growth of the electronic passports market in the above mentioned forecast period.
Increasing cost of implementation along with easy availability of cost effective e-passport are acting as market restraints for electronic passports in the above mentioned forecasted period.
This electronic passports market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electronic passports market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electronic Passports Market Scope and Market Size
Electronic passports market is segmented on the basis of technology, application, security, type, component and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Electronic passports market on the basis of technology has been segmented as radio frequency identification (RFID) and biometrics.
- Based on application, electronic passports market has been segmented into business travel and leisure travel.
- On the basis of security, electronic passports market has been segmented into basic access control (BAC), password authenticated connection establishment (PACE), supplemental access control (SAC) and extended access control (EAC).
- On the basis of type, electronic passports market has been segmented into ordinary e-passport, service and diplomatic e-passport.
- Electronic passports have also been segmented on the basis of end user into adult and child.
- Based on component, electronic passports market has been segmented into software, hardware and services.
Electronic Passports Market Country Level Analysis
Electronic passports market is analysed and market size, volume information is provided by country, technology, application, security, type, component and end-user as referenced above.
The countries covered in the electronic passports market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the electronic passports market due to high level security measures at airports while Asia-Pacific is expected to grow in the forecast period of 2020-2027 due to incidences of terror attacks in the recent past which have raised an alert among defence bodies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electronic Passports Market Share Analysis
Electronic passports market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electronic passports market.
The major players covered in the electronic passports market report are Gemalto NV, Mühlbauer Group, Entrust Datacard Corporation, HID Global Corporation, Infineon Technologies AG, Safran, Eastcompeace Technology Co., Ltd, CardLogix Corporation., 4G Identity Solutions, Atlantic Zeiser GmbH, PrimeKey, MULTOS, M2SYS Technology, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Electronic Passports Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.