Global E-Passports Market Set For Rapid Growth, To Reach Around USD 56.87 Billion By 2032

Zion Market Research has published a new report titled “E-Passports Market By Type (Short-Term And Long-Term) And By Applications(Individual Use And Commercial Use), And By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast 2024-2032”. According to the report, the global E-Passports market size accrued earnings worth approximately USD 26.32 Billion in 2023 and is predicted to gain revenue of about USD 56.87 Billion by 2032, is set to record a CAGR of nearly 8.94% over the period from 2024 to 2032.

Browse the full "E-Passports Market By Type (Short-Term And Long-Term) And By Applications(Individual Use And Commercial Use), And By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast 2024-2032" Report At https://www.zionmarketresearch.com/report/e-passports-market

An e-passport or biometric passport consists of an electronic chip. It is an advanced form of travel document, i.e., passport, which enhances the security and restricts fraudulent cases at the same time. The use of an e-passport by travelers is recognized digitally across the world. E-passports are mainly to cut down the risks associated with data duplication and alteration.

A continuously growing number of travelers to cross-border destinations is impelling the growth of the e-passports market globally. For instance, according to the Airports Council International approximations, air travel is estimated to double between 2012 and 2030, and reach 11 billion travelers annually by 2030. ICAO regulations for criminals and terrorists, a rising number of visa/consular outsourcing, rapid developments made in the airport infrastructure, and various technological advancements in the biometric technologies are projected to fuel the growth of the e-passports market across the world in the upcoming years. 

The e-passports market is divided based on type and application. The e-passports market is divided based on type and application. By type, the market for e-passports is classified into long-term and short-term passports. Short-term passports held about 59% of the total market. The recurring up-gradation of these passports and penetration of short-term passports in major developed European countries are anticipated to fuel the growth of short-term passports. Long-term passports are also anticipated to show a high demand in the future. By application, the e-passports market is bifurcated into individual use and commercial use. Commercial use is anticipated to dominate the market, due to the growing expansion of companies globally, as companies send their employees to different countries for their respective projects.

Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa comprise the regional segment of the global market for e-passports. North America is projected to lead the e-passports market in the forecast time period due to the well-established IT industry in the U.S., the large consumer base preferring for technically advanced customer interface software for their travel plan, and the presence of major companies. The strong IT base with highly skilled and trained professionals providing software that meet the client demand for national and international markets, early introduction of e-passports, and high penetration of e-passports are expected to boost the European e-passports market. The Asia Pacific is predicted to show the highest growth rate in the demand for e-passports, mainly owing to the rising awareness about e-passports in the developing countries and increasing procedures by governments for issuing e-passport.

The key players in the global e-passports market are Atlantic Zeiser, M2SYS, Kona I, Gemalto, ASK, PrimeKey, Muhlbauer Group, Arjo Systems, 3M, Netrust, Austria Card, Oberthur, De La Rue, Multos International, Safelayer S.A., and Edaps Overseas, among others.

This report segments the global e-passports market into:

Global e-Passports Market: Type Analysis

• Short-Term
• Long-Term

Global e-Passports Market: Application Analysis

• Individual Use
• Commercial Use

Global e-Passports Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com