Market Overview: 

The global E-passport Technologies market reached approximately $30.4 billion in 2022 And Is Expected To Expand  $213.65 billion By 2030. The industry is expected to grow at CAGR of approximately 23% from 2023 to 2030.

An e-Passport, also called as a biometric passport, is a modern version of a traditional passport that includes an electronic chip. The chip stores the passport holder's personal and biometric information, like their name, date of birth, facial image, and fingerprints. By making it harder for fraudsters to interfere with or fabricate the passport, this information is utilised to verify the identity of the passport holder and to strengthen security.

Also, this system keeps passenger information on a smart chip with a distinct ID and digital signature. Moreover, e-passport adoption is widespread in Europe as it eliminates the risk of data duplication and manipulation and is safer than old paper technology.

E-Passport is the term used for this type of passport, which includes an electronic device or a contactless integrated circuit (IC), like an RFID chip. The RFID chip contains biometric data, so e-Passport technology is also called as biometric passport, MRTD (Machine Readable Travel Document) with ICC chip. E-Passport technology now also incorporates biometric information such as fingerprint recognition. Moreover, iris authentication technology and face recognition capabilities are part of the current generation of E-passport technology. E-Passport professionally provides various applications such as business travel and leisure travel.

COVID-19 impact:

The emergence of COVID-19 is expected to have a detrimental effect on the expansion of the e-passport sector. The COVID-19 outbreak has impacted the e-passport business as all governments announced a lockdown to stop the spread of the corona virus and cancelled international travel services. In addition, increase in number of COVID-19 patients in the UK, France, Germany, and the U.S., owing to arrival of many international flights from foreign countries has led to implementation of strict regulations for international travelling, which negatively influence growth of the e-passport market.  However, vaccinations have been started across the globe, which has led to reduction in number of corona patients. 

Market Dynamics:

Driving Factors:

Emphasizing on Innovative Verification Techniques to Detect Identity Frauds

The key factor driving the growth of the e-passport market trends include rise in advanced verification technology to detect identity frauds and presence of advanced airport infrastructure among developing nations are some the important factors that propel the e-passport market across the globe.

The number of individuals traveling to cross-border places is increasing

In addition, increase in number of people traveling to cross-border destinations propels growth of the global e-passport market. However, high implementation cost restricts the growth of the market.  On the contrary, increase in adoption of wireless communication technology among the travel industry is expected to offer remunerative opportunities for expansion of the global market during the forecast period. 

Due to an increase in the deployment of RFID chips that enabled e-passport services among developing countries like China, Japan, and India, the radio frequency identification (RFID) segment is expected to maintain its dominance during the projection period. Also, due to a decrease in the possibility of identity fraud and an increase in the requirement to strengthen the security of traveller personal information, biometric technology is predicted to expand at a high CAGR over the course of the forecast year.

Restraining Factors:

As with any electronic device, e-passports are vulnerable to cyber-security risks like hacking or malware attacks. Governments must ensure that the e-passport system is safe and regularly updated to protect against such threats. E-passport adoption calls for a large infrastructure investment. Governments need to ensure that the technology is implemented correctly and effectively, which can be challenging and time-consuming.

Opportunities:

• The emergence of Wireless Technology
• Development in Advanced Airport infrastructure

Key Vendors:

To learn more about the businesses, profiles of several significant people have been created. It provides in-depth descriptions of numerous high-level industries operating in international locations. It provides useful information including a firm summary, contact details, and some significant strategies used by prominent companies.

• Gemalto

A leader in digital security globally, Gelmato in stills confidence in a society that is becoming more interconnected. A vast range of goods, programmes, and services are created and provided by them, all of which are based on two key technologies: digital identity, and data security.

• HiD Global

The trusted identities of the people, places, and objects in the world are powered by HID. We cooperate with some of the world's most innovative businesses, financial institutions, universities, and hospitals to help them build trustworthy physical and digital environments that will allow both them and their users to reach their full potential.

• 4G Identity Solutions

Since 2001, 4G Identity Solutions Private Limited (4Gid) has pioneered and led the world in providing biometric-based large-scale identity management solutions. For the government, corporate, banking, and defence sectors, 4Gid specialises as a provider of End-to-End Identity Management Systems and a System Integrator in Civil ID, Homeland Security, and Law Enforcement.

• CardLogix

With a focus on smart cards, card operating systems, biometrics, chip encoding software, identification, development tools, and middleware, CardLogix is consistently at the top of Secure Element (SE) technology. Through innovative design and ISO 9001:2015 certified smart card production for use in Trusted Identity Management and Transaction Systems, the company responds to market opportunities.

• Primekey Solutions

PrimeKey will become a component of Keyfactor in June 2021. One of the top providers of PKI (Public Key Infrastructure) and digital signing solutions in the world is PrimeKey. Our products EJBCA, SignServer, and the EJBCA Appliance, whether delivered on-premises or in the cloud, give you the ability to set up an enterprise-grade PKI system that is prepared to support solutions like IoT, e-ID, e-Passports, authentication, digital signatures, code signing, digital identities, and validation—all solutions where digital certificates would be a key enabler.

• Entrust Datacard

By enabling trusted experiences for identities, payments, and digital infrastructure, Entrust keeps the world moving safely. We offer an unmatched breadth of solutions that are critical to enabling trust for multi-cloud deployments, mobile identities, hybrid work, machine identity, electronic signatures, encryption, and more.

Segmentation Analysis:

By Application:

In 2028, the leisure travel application category is expected to hold close to 79.1% of the global e-passport market. Growing disposable income and relatively easier travel protocols across different countries have increases the demand for e-passports in recent years.

Concern over security is growing as the threat of terrorism and other criminal activity grows. E-passport possesses biometric information of the passport holder. As a result, it is trustworthy and offers more security. Hence increasing security concern may significantly impact the growth of global e-passport market

• Leisure Travel
• Business Travel

By Technology:

On the basis of technology, e-passport technologies market is segmented into radio-frequency identification (RFID) and biometrics. Using radio waves, Radio Frequency Identification (RFID) uses passive identification to identify tagged objects. It is employed in a variety of commercial and industrial applications, including managing inventory and the tracking of library checkouts. A biometric passport, often known as an electronic passport, is more modern than a standard passport. It has more security features, such as an embedded microchip with the passport holder’s personal details.

• Radio-frequency Identification (RFID)
• Biometrics

By Security:

E-passports are divided into basic access control, password-authenticated connection establishment, supplemental access control, and extended access control categories based on security. From 2022 to 2028, the Password Authenticated Connection Establishment (PACE) security market is expected to expand at a CAGR of 26.5%.

With growing demand for stronger data security and data encryption, extended access control is being deployed in majority of e-passports. Conventionally used e-passports were based on BAC (Basic Access Control) and were chip based having basic information; however, with the technological advancements, e-passports are being deployed with biometric information and advanced SAC and PACE technologies.

• Basic Access Control
• Password Authenticated Connection Establishment
• Supplemental Access Control
• Extended Access Control

Regional Insights:

North America is expected to remain one of the most attractive markets during the forecast period. According to the study, the U.S. is projected to account for nearly 72% of the North American market by 2028.

The demand for e-passport technology in France is expected to grow at a significant CAGR of approximately 18.2% during the forecast period. Due to various factors like the surge in the introduction of microprocessor-based passports and the increasing adoption of upgrade convenience by travelers and others, the demand for e-passport technology is increasing.

Spain and the Benelux are estimated to account for 13% of the total incremental dollar opportunity created in the region. Governments in Europe are also investing substantial amounts in the construction of airport infrastructure and the deployment of RFID and biometric security checkpoints.

The Singapore market will be one of the largest consumer markets for e-passport technology, with the market expected to grow 3.8 times by 2028. During 2022–2028, the Singapore market is expected to have an absolute dollar potential of US$3.6 billion. South Asian countries like Singapore and other developing countries are still investing in developing such passports, which are only available to government personnel and diplomats in the country. These countries are expected to witness high growth in demand for e-passports during the forecast period.

Geographically, the global E-passport Technologies market has been analysed in different regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Strategic Development:

• In April 2018 - Gemalto N.V. has provided e-passport solutions to more than 30 countries worldwide. The Gemalto N.V. was awarded multi-year service contracts for British passports. The contract is for 11.5 years and includes 10 years of production and issuance services.
• The Infineon Technologies AG is continuously investing on the development of e-passports with chips having larger memory to store more specific and detailed information. Conventionally, the chips used were 200 K or of less memory; however, the company has developed chips with upto 700K of memory. The transfer rates for chips have also been improved to make chips more efficient.

Scope of Report:

Conclusion:

• The study provides an in-depth analysis of global e-passport market forecast along with the current trends and future predictions to elucidate the imminent investment pockets.
• Information about e-passport market trends, key drivers, restraints, and opportunities and their impact analysis on global market is provided in the report.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.