The Global E-Passport Market is likely to exhibit steady growth over the forecast period, according to the latest report on Qualiket Research. The global E-Passport Market’s major drivers and restraints are analyzed in the report, which provides readers with a clear picture of what’s driving and what’s holding back the E-Passport Market. The historical trajectory of the E-Passport Market is examined in the report in order to provide a basis for predictions regarding the market’s growth rate over the forecast period. Happenings in the E-Passport Market in the review period are examined carefully to explain their connection with the market’s present state and future growth prospects.
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E-passport also called as electronic passport. Increase in need to strengthen security features of passports to reduce the rise in threat of identify frauds is primarily drive the global E-Passport Market. E-passports are also called as biometric passports have an additional layer of security not found in regular passports. These passports are equipped with electronic devices or contactless integrated circuits like RFID chips. RFID chip contains biometric data.
Increase in advanced verification means to detect identify frauds is considered as key driving factor which is expected to boost the global e-passport market growth. Also, presence of advanced airport infrastructure facilities will positively contribute the market growth. Moreover, increase in number of people travelling in the cross border destinations will propel the market growth. Also, increase in adoption of e-passport by developing nations which are expected to fuel the market growth in near future.
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However, high cost associated with initial deployments and replacements are major challenging factors which are expected to hamper the global e-passport market growth during this analysis period.
Market segmentation
Global E-Passport Market is segmented into technology such as Radio Frequency Identification (RFID), and Biometrics. Further, market is segmented into application such as Leisure Travel, and Business Travel.
Also, Global E-Passport Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Key Players
The report has presented a synopsis of the market players leading the global E-Passport Market. Porter’s five forces model has been used here to analyze the performance of each key player under different parameters.
Various key players are discussed in this report such as
- Gemalto N.V.,
- Entrust Data card Corporation,
- Mhlbauer Group,
- Infineon Technologies AG,
- HID Global Corporation,
- Eastcompeace Technology Co.,
- Safran S.A.,
- Eastcompeace Technology Co, and
- 4G Identity Solutions
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