E-passport and E-visa Market Size, Share, Growth, Trends, and Forecast 2030

E-passport and E-visa Industry Prospective:

The global E-passport and E-visa market size was worth around USD 24.5 billion in 2022 and is predicted to grow to around USD 43.6 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2023 and 2030.

Request Free Sample

E-passport and E-visa Market: Overview

An electronic chip is implanted in an e-passport, commonly referred to as a biometric passport. An electronic visa, often known as an e-visa, is a virtual platform that allows a candidate to apply for a visa online. These are more sophisticated versions of conventional papers that were added to strengthen the security framework, limit fraudulent cases, and improve integration with modern airport infrastructure. Travelers' identities may be verified digitally using e-passports and e-visas by using digital signatures and unique identifying numbers, among various other techniques.

Key Insights

• As per the analysis shared by our research analyst, the global E-passport and E-visa market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2023-2030).
• In terms of revenue, the global E-passport and E-visa market size was valued at around USD 24.5 billion in 2022 and is projected to reach USD 43.6 billion, by 2030.
• The growing tourism industry is expected to drive E-passport and E-visa market growth during the forecast period.
• Based on the technology, the Radio Frequency Identification (RFID) segment is expected to dominate the market over the forecast period.
• Based on the application, the business travel segment is expected to grow significantly over the projected period.
• Based on region, Europe is expected to hold a significant market share over the forecast period.

Request Free Sample

E-passport and E-visa Market: Growth Drivers

Security enhancement drives market growth

With cutting-edge features like digital signatures, biometric identification, and encryption, e-passports, and e-visa provide enhanced security and are more difficult to counterfeit or tamper with. Governments all across the globe now favor e-passports and e-visas because they offer a safer and more reliable means of confirming a traveler's identification. Passengers' travel experience is improved overall and wait times are decreased because of e-passports and e-visas, which enable more effective and quicker border check operations. Additionally, they allow for easy connectivity with various government databases and systems, including immigration and law enforcement, giving real-time access to vital data that may aid in border control and the prevention of security breaches. Governments and international organizations have been looking for innovative methods to strengthen security measures and stop fraudulent activities that fuel the emergence of growing security concerns, in response to the rise of international terrorism and organized crime. Several nations keep spending money on cutting-edge security solutions and modernizing their border control infrastructure. Thus, driving the global E-passport and E-visa market growth during the forecast period.

E-passport and E-visa Market: Restraints

High initial investment cost impedes market growth

High initial investment costs are an issue facing the worldwide e-passport and e-visa sector, and they can be a major deterrent to adoption. The creation and implementation of electronic passports and visas need significant expenditures in infrastructure, technology, and staff education. To create, test, and implement the systems and infrastructure required to enable e-passports and e-visas, governments and organizations must invest a substantial amount of money upfront. Furthermore, depending on the necessary level of security and functionality, the cost of adopting E-passport systems might vary significantly. Thus, this is expected to hamper the E-passport and E-visa industry growth.

E-passport and E-visa Market: Opportunities

The emergence of mobile-based passport offer a lucrative opportunity for market growth

The worldwide e-passport and e-visa industry is seeing a rise in the use of passports that are mobile-based. Compared to conventional paper passports, they provide several benefits, such as flexibility, convenience, and security. Users may carry their travel documentation on their smartphones using mobile-based passports, doing away with the requirement to carry a real passport. At immigration checkpoints, consumers may expedite and streamline their travel experience by just scanning their phones. Mobile-based passports not only offer convenience but also improved security features like biometric authentication, which might make it more difficult for thieves to fabricate fake passports. Because users' personal information is safely maintained on their phones, this technology can also help lower the danger of identity theft. Thus, the emergence of mobile-based passports offers a lucrative opportunity for market growth.

E-passport and E-visa Market: Challenges

Concern over security poses a major challenge for the market growth

It is crucial to guarantee the security of digital systems and biometric data. Cybercriminals and hackers could try to get access to these systems, which could compromise national security and private data. Governments and companies need to strengthen and upgrade their cybersecurity measures regularly to confront this threat. Thus, security concerns pose a major challenge for the market growth.

E-passport and E-visa Market: Segmentation

The global E-passport and E-visa industry is segmented based on technology, application, and region.

Based on the technology, the global market is bifurcated into Radio Frequency Identification (RFID) and Biometric. The Radio Frequency Identification (RFID) segment is expected to dominate the market over the forecast period. E-passport and e-visa acceptance has surged in recent years due to its ability to improve travel experiences overall, reduce fraud, and tighten security procedures. RFID e-passports have been dominating the worldwide e-passport market since they have been available for a while. An RFID chip with the holder's name, photo, and biometric data inserted is part of these passports. To verify the identity of the passport bearer and the validity of the document, immigration agents can scan the chip. Travelers frequently choose RFID e-passports and e-visa since they have shortened airport wait times and streamlined immigration procedures.

On the other hand, the biometric segment is expected to grow significantly over the forecast period. A growing number of people are using biometric E-passports due to their high degree of security. These passports use biometric technologies, such as fingerprint and face recognition, to confirm the passport holder's identity. It is difficult for criminals to replicate or falsify the passport since the biometric data is stored on a chip that is embedded into the paper. When comparing biometric E-passports to traditional passports, which are more prone to error and depend on visual examination, the former provides a more secure level.

Based on the application, the global E-passport and E-visa market is bifurcated into leisure travel and business travel. The business travel segment is expected to grow significantly over the projected period. Visas are frequently needed by business travelers to access foreign nations for conferences, meetings, and negotiations. They are drawn to the ease of e-visa application processes since they cut down on the time and effort needed to obtain a visa. Recognizing this, some nations have simplified their e-visa applications to better meet the demands of business visitors. Additionally, international travel is a common practice for business people to establish and maintain ties with clients, partners, and coworkers. With e-visas, they may travel more frequently without having to deal with the hassle of traditional, drawn-out visa applications. They also make it easier to get the essential travel papers. Thus, driving the segment growth.

E-passport and E-visa Market: Report Scope

E-passport and E-visa Market: Regional Analysis

Europe is expected to hold a significant market share over the forecast period

Europe is expected to hold a significant E-passport and E-visa market share over the forecast period. Europe's e-passport business is expanding quickly as more countries embrace new technologies to improve security and expedite border control procedures. All member nations of the European Union are expected to issue biometric passports with chips that hold digital photos and personal data by the end of the year. E-passport initiatives have been put in place by several European nations, including the UK, Germany, and France, to improve border security and expedite immigration procedures. The need for e-passports and associated technologies, such as passport readers and biometric systems, has increased significantly as a result. Travelers in Europe are becoming more and more in need of e-passports and e-visa in addition to government efforts. Travelers in the area are becoming more drawn to e-passports due to their convenience and security features, which include quicker processing periods and a lower chance of identity theft. Furthermore, there could be further room for expansion for the European E-passport market given the travel industry's growing tendency toward contactless and digital solutions. Because of this, it is anticipated that the European E-passport market will keep expanding, offering more possibilities to participants in the public and private sectors during the projection period.

E-passport and E-visa Market: Competitive Analysis

The global E-passport and E-visa market is dominated by players like:

• Thales Group
• Muhlbauer Group
• IDEMIA
• Entrust Corporation
• Eastcompeace Technology Co Ltd
• Infineon Technologies Ag
• Iris Corporate Solutions Private Limited
• 4G Identity Solutions
• Safran
• HID Global Corporation

The global E-passport and E-visa market is segmented as follows:

By Technology

• Radio Frequency Identification (RFID)
• Biometric

By Application

• Leisure Travel
• Business Travel

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa