Global E-passport Market Segments by Technology (Radio Frequency Identification (RFID) and Biometric); By Application (Leisure and Business Travel); By Hardware (Antenna, Processor/Chip) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Additional protection layer not found in standard passports is provided by e-passport often referred to as biometric passports. This relates to a person's biometric details contained in an electronic chip within the passport of the client. An e-passport has an E-Chip that has the same data as the bearer's name, birth date, and any other biographical details on the passport tab. E-passports are used mostly to validate a traveler's identity on foreign flights. The main biometric methods included in this application include fingerprint, face, and iris recognition.
Market Highlights
Global E-passport Market is expected to project a notable CAGR of 22.69% in 2030.
Global E-passport Market to surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of 22.69% in the coming years, i.e., 2021-30. The growing need to improve passport protection to address the economic danger of identity fraud is fueling the growth of the e-passport market in particular. Increased global travel demands a high degree of protection for both business and pleasure purposes. Standard passports that do not have biometric capabilities risk traveling on foreign flights to illegal passengers. Such ill-intentioned passengers are at risk of obstructing passengers' safety on the air. E-passport is thus a secure solution to avoid such situations, which fuels the demand for e-passports.
Global E-Passport Market: Segments
Biometric segment to grow with the highest CAGR during 2020-30
Global E-passport Market is segmented by technology into radio frequency identification (RFID) and biometric. The Biometric, segment held the largest market share of XX.X% in the year 2020 due to its intensifying use in the end-user vertical. Standard passports that do not have biometric capabilities have risk traveling on foreign flights to illegal passengers. Such ill-intentioned passengers run the risk of hampering passenger's in-flight safety. Biometrics are a trustworthy measure to avoid such scenarios, thus driving this segment.
Leisure segment to grow with the highest CAGR during 2020-30
Global E-passport Market is divided by application into Leisure and business travel. The biofuel Leisure segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years.
Global E-Passport Market Dynamics
Drivers
Increased leisure and business travel
Growing need to improve passport protection to address the economic danger of identity fraud is fueling the growth of e-passport market in particular. Increased global travel demands a high degree of protection for both business and pleasure purposes. Standard passports that do not have biometric capabilities risk traveling on foreign flights to illegal passengers. Such ill-intentioned passengers are at risk of obstructing passengers' safety on the air.
Surge in thefts
Boost in the e-passport market is due to surge in thefts, illegal immigration, and transborder crimes. In addition, e-passports are capable of ensuring faster safety checking and inspections at airports and at international borders, and increased adoption by many countries to boost citizens' safety, decreased passports rates, strengthen the visa market demand for e-passports.
Restraint
Lack of awareness regarding E-passport Market existence
The high initial implementation costs and cost-effective e-passport availability could hinder the growth on the market. Most key players restrict themselves due to high initial costs and thus limiting the market growth.
Global E-Passport Market: Key Players
Atlantic Zeiser
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Arjo Systems
PrimeKey
ASK
Muhlbauer Group
Entrust
Gemalto
Safelayer S.A. Savvy players
Oberthur
Multos International
M2SYS
Kona I
Edaps Overseas
Other Prominent Players
Global E-passport Market: Regions
Global E-passport Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global E-passport in Europe held the largest market share of XX.X% in the year 2020. During the projected timeline Europe is projected to dominate over e-Passport & e-Visa. Early investors of biometrics for different purposes such as border control, airport management, identification, and compliance have been European nations, including Germany, the United Kingdom, and France. During the projected timeframe, e-passports and e-visa markets are expected to increase in the Asia Pacific region. Bangladesh's and India's governments aim to implement e-passports and e-visa facilities to mitigate the problems of airport document processing. Implementing border control technology would also help national departure terminal safety initiatives in the region.
Global E-passport Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global E-passport Market report also contains analysis on:
E-passport Market Segments: into
By Technology
Radiofrequency identification (RFID)
Biometric
By Application Type
Leisure
Business travel
Identification/Proof
Immigration/Border Control
By Hardware
Antenna
Processor/Chip
E-passport Dynamics
E-passport Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global E-Passport Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global E-Passport Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global E-Passport Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global E-Passport Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By technology: Market Share (2020-2030F)
1. Radiofrequency identification (RFID), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Biometric, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By application Type: Market Share (2020-2030F)
1. Leisure, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. business travel, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. By Hardware: Market Share (2020-2030F)
1. Antenna, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Processor/Chip, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
Company Profile
1. Atlantic Zeiser
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Arjo Systems
3. PrimeKey
4. ASK
5. Muhlbauer Group
6. Entrust
7. Gemalto
8. Safelayer S.A. Savvy players
9. Oberthur
10. Multos International
11. M2SYS
12. Kona I
13. Edaps Overseas
14. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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