Global E-Passport Market 2024-2028
The e-passport market is forecasted to grow by USD 18967.2 mn during 2023-2028, accelerating at a CAGR of 12.96% during the forecast period. The report on the e-passport market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing security concerns, technological advancements, and government initiatives.
Technavio's e-passport market is segmented as below:
By Application
- Leisure travel
- Business travel
By Component
By Geography
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the increased adoption of e-passports as one of the prime reasons driving the e-passport market growth during the next few years. Also, mobile-based passports and integration with other systems will lead to sizable demand in the market.
The report on the e-passport market covers the following areas:
- E-passport market sizing
- E-passport market forecast
- E-passport market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading e-passport market vendors that include 3M Co., Aion Tech Solutions Ltd., ASSA ABLOY AB, AUSTRIACARD AG, CardLogix Corp., De La Rue PLC, DERMALOG Identification Systems GmbH, Entrust Corp., GET Group Holdings Ltd., Giesecke Devrient GmbH, HID Global Corp., IDEMIA France SAS, Intel Corp., IN Groupe, Keyfactor, M2SYS, Muhlbauer GmbH and Co. KG, NXP Semiconductors NV, Panasonic Holdings Corp., and Thales Group. Also, the e-passport market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.