E-Passport & E-Visa Market Analysis 2020-2027: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects
E-Passport & E-Visa Market Highlights:
The global e-Passport & e-Visa market was analyzed by
Market Research Future (MRFR) and it was projected that a noteworthy CAGR will
be attained by the market over the forecast period of 2020 to 2027.
E-passports and e-visas function with the help of
contactless smart chip technology and are integrated with computer chip
alongside an embedded antenna. The technology is being increasingly used by
passengers, irrespective of them traveling for leisure or business purpose.
The global E-Passport & E-Visa Market is expected
to garner noticeable growth in the coming years.
Leading
Contenders:
The leading contenders in the e passport and e
visa market are Datacard group (U.S), Iris Corporation (Malaysia), Cardlogic
limited (Ireland), Muehlbauer group (Malaysia), 4G identity solutions private
limited (U.A.E), Eastcompeace (China), Oberthur Technologies (France), Safran
identity and security (France), HID Global Corporation (U.S), Gemalto NV (the
Netherlands), Giesecke&Devrient limited (Germany), and others.
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Market
Segmentation:
·
The market segmentation for ePassport and
eVisa includes type, application and hardware components.
·
The types identified in the report are
Biometrics as well as RFID. The biometrics segment can be dissected into
fingerprint recognition, iris recognition and facial recognition.
·
The application-wise market segments are
Travelling (Business travel, foreign affairs and Leisure Travel),
immigration/border control and identification/proof.
·
The hardware components covered are antenna,
processor/chip, others.
Regional Analysis:
The global
market for e-Passport & e-Visa market is estimated to grow at a significant
rate during the forecast period from 2020 to 2027. The geographical analysis of
data as a service market is studied for North America, Europe, Asia Pacific,
and the rest of the world. Europe is expected to dominate the e-Passport &
e-Visa Market during the forecast period. Germany, the UK, and France were the
early adopters of biometric technology for various purposes like border
control, airport security, identity security, and law enforcement.
Industry Buzz:
July 2019,
the Bangladesh government has begun the distributing electronic passports in
the country for the first time ever. The electronic passport has an embedded
e-microprocessor chip comprising biometric information in order to authenticate
the bearer’s identity. The country has already issued a total of 26 million
machine readable passports.
June 2019,
Rwanda became the latest country from the East African Community (EAC) to
launch and issue electronic passports. This is was done in an effort to make
border clearance fast and as part of the region’s strategy to promote
integration. Some of the other EAC countries that have already issued
e-passports include Tanzania, Uganda, and Kenya.
June 2019,
the Ministry of External Affairs of India announced its plans of working on an
advanced electronic passport system that is chip-enabled. This is as part of
the effort from the ministry to deliver citizen-centric services through
various reforms.
Table of
Contents
1 Executive Summary
2 Scope of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
Objectives
2.2.2 Assumptions &
Limitations
2.3 Markets
Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary
Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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