E-Passports Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 20.1 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The e-passport market has experienced significant changes between 2018 and 2022, with various geopolitical and technological shifts impacting its growth. Over the past five years, the demand for e-passports surged as countries prioritized security, convenience, and technological advancements in identity management. With travel restrictions and global lockdowns induced by the COVID-19 pandemic, the e-passport market initially saw a slowdown. However, as nations adapted to digital solutions and the need for touchless travel grew, the demand rapidly increased in 2021 and 2022. During this period, the market was driven by technological innovation in biometrics and security features, enhancing the overall reliability and efficiency of e-passports. According to estimates, the e-passport market was valued at approximately $19.5 billion in 2022, with growth propelled by governmental adoption and rising concerns over data privacy and security in international travel.
Looking ahead, the market outlook from 2023 to 2033 indicates even greater expansion. With countries focusing on improving national security and simplifying border control processes, the demand for e-passports is expected to continue rising. The introduction of advanced biometric technology, such as facial recognition and fingerprint scanning, will further enhance the appeal of e-passports. Additionally, the global push for smarter travel systems and the rise of biometric-enabled airport kiosks will likely increase the volume of e-passport holders globally. By 2033, the e-passport market is expected to see a compound annual growth rate (CAGR) of around 12%, reaching new heights driven by innovations in identity verification and cross-border mobility solutions. As the world recovers from the pandemic, international travel is expected to return to pre-pandemic levels, further bolstering the adoption of e-passports, particularly in emerging economies seeking to modernize their travel infrastructure.
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Gemalto
Shanghai Mite Speciality & Precision Printing
India Security Press
Beijing Incen Cvic Security Printing
Bundesdruckerei
Japan National Printing Bureau
Goznak
Casa da Moeda do Brasil
Canadian Bank Note
Royal Mint of Spain
Polish Security Printing Works
Istituto Poligrafico e Zecca dello Stato
Iris Corporation Berhad
Semlex Group
Veridos
Morpho
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global E-Passports Market
Adults
Children
Based on Types the Market is categorized into Below types that held the largest E-Passports market share In 2023.
Ordinary E-passport
Service & Diplomatic E-Passport
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global E-Passports Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global E-Passports Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global E-Passports Market, By Type
6. Global E-Passports Market, By Application
7. Global E-Passports Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global E-Passports Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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