E-Passports Market Growth, Size, Share, Trends, and Forecast 2032

E-Passports Market Overview

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. The study includes the drivers and restraints for the e-passports market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the e-passports market on a global level.

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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.

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E-Passports Market Growth Analysis

A continuously growing number of travelers to cross-border destinations is impelling the growth of the e-passports market globally. 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. However, data leakage threats and societal issues regarding e-passports might hinder the e-passports market on a global scale in the near future.

In order to give the users of this report a comprehensive view of the e-passports market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service type launch, agreements, partnerships, collaborations & joint ventures, research & development, service type, and regional expansion of major participants involved in the market.

E-Passports Market: Report Scope

E-Passports Market Segmentation Analysis

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 are anticipated to dominate the market. 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.

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 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 growing adoption of technically advanced systems, urbanization, and increased tourism are other major factors contributing to the huge growth of the Asia Pacific e-passports market.

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
• Middle East and Africa