E-Passport & E-Visa Market Highlights:
E-passport and e-visa is an electric form of passport and visa that leverages biometrics for authentication and identification. E-passports are also known as “biometric passports”. This assessment circulated by Market Research Future (MRFR) highlights that the global e-0passport and e-visa market is expected to expand at a decent CAGR over the forecast period 2018 to 2023.
The use of biometrics eliminates the chances of duplication or obliteration. In today’s scenario, with rising terrorist threats and an increase in the number of fraud cases, the governments are inclining towards electronic formats. This, in turn, is projected to impact the e-passport and e-visas market positively. In addition, the increasing efforts towards minimization of paperwork are also poised to act as a growth catalyst for the global E-Passport & E-Visa Market.
The introduction of the technology has proven to save time in getting clearances and offer utmost reliability. It is projected to catalyze growth rate of the e-passport and e-visa market in the foreseeable future.
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Competitive Dashboard:
Cardlogic Limited (Ireland), Iris Corporation (Malaysia), 4G identity solutions private limited (U.A.E), Safran identity and security (France), Gemalto NV (the Netherlands)Eastcompeace (China), Muehlbauer group (Malaysia) , Oberthur Technologies (France), HID Global Corporation(U.S), Datacard group (U.S), and Giesecke&Devrient limited (Germany) are few of the major players of the global e-passport and e-visa market.
These players are opting for approaches such as strategic alliances, mergers & acquisitions, partnerships, collaborations, etc. for strengthening their positions in the global market place and gaining an edge over other competitors. Infineon Technologies (Germany), Morpho B.V- Idemia (France) Cardlogix Corporation (U.S) are some of the other players that are expected to contribute to the development of the e-passport and e-visa market in the foreseeable future.
Market Segmentation:
- On the basis of type, the e-passport and e-visa market has been segmented into biometrics and RFID. The biometrics segment is further sub-segmented into fingerprint recognition, facial recognition, and iris recognition.
- On the basis of application, the e-passport and e-visa market has been segmented into identification/proof, travelling (leisure business travel, travel, foreign affairs), and immigration/border control.
- On the basis of hardware components, the e-passport and e-visa market has been segmented into processor/chip, antenna, and others.
Regional Analysis:
This MRFR report covers a detailed regional assessment of the global e-passport and e-visa market on a regional level, which is further narrowed down to a country-level basis. The regional segments analyzed in this study are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Europe is expected to account for the leading position in the global market place over the next couple of years. The regions ahs exhibited quick adoption of biometrics technology. It has helped in the development of the e-passport and e-visa market in the region in recent times. It is further anticipated to benefit the future trajectory of the regional market over the review period. Moreover, the region has open borders for most of its countries, which attracts a lot of tourists every year. It is further projected to boost the expansion of the e-passport and e-visa market in the coming years.
North America is prognosticated to witness considerable growth in the years to come owing to the enhanced reliability of the technological innovations. The increase in authentication of online passports is likely to motivate the proliferation of the e-passport and e-visa market in the region. Asia Pacific is also likely to exhibit substantial growth rate over the next couple of years. The inclination towards digitization by the governments is poised to play a developmental role in the forthcoming years. In addition, the simplification of ties with other countries to boost tourism by the governments is also expected to catapult the e-passport and e-visa market on upwards trajectory in the region.
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
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
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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