E-Passport Market Report 2024-2032: Scope, Share, Size, Outlook, Forecast and Analysis

The latest report by IMARC Group, titled “E-Passport Market Report by Technology (Radio Frequency Identification (RFID), Biometric), Security (Basic Access Control, Password Authenticated Connection Establishment, Supplemental Access Control, Extended Access Control), Application (Leisure Travel, Business Travel), and Region 2024-2032“, The global E-passport market size reached US$ 29.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 81.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.81% during 2024-2032.

An e-passport, also known as an electronic passport, is a technologically advanced travel document that securely stores personal identification information using embedded microchips. This digital evolution of traditional passports enhances security measures and streamlines the immigration process. E-passports incorporate biometric data, such as fingerprints or facial recognition, which adds an additional layer of authenticity and reduces the risk of identity fraud. As nations around the world seek to enhance border control and facilitate seamless travel, the adoption of E-Passports has emerged as a pivotal development. 

E-Passport Market Trends and Drivers:

The e-passport industry is experiencing significant growth worldwide due to a mix of factors addressing security issues and the need for streamlined travel processes. Governments globally are increasingly adopting e-passports to boost national security by reducing passport forgery and unauthorized border crossings. This heightened emphasis on security is prompting countries to switch to e-passports, which can instantly store and verify biometric data, ensuring more accurate identity verification. Furthermore, the rapid expansion of the travel and tourism sector is driving market growth. With an increasing number of international travelers, there is a growing demand for faster immigration procedures. E-passports offer quicker processing times, reducing wait times and improving overall travel experiences. This trend is especially advantageous in business travel, where time efficiency is crucial. The market is also moving towards enhanced user convenience by incorporating contactless technology and mobile apps. Travelers can now access and save their information on their smartphones, decreasing reliance on physical documents. This digital shift aligns with changing consumer preferences for seamless, tech-driven interactions.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-passport-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Technology:

• Radio Frequency Identification (RFID)
• Biometric

Breakup by Security:

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

Breakup by Application:

• Leisure Travel
• Business Travel

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• 4G Identity Solutions Private Limited (Goldstone Technologies Ltd.)
• CardLogix Corporation
• Entrust Corporation
• HID Global Corporation (Assa Abloy AB)
• IDEMIA
• Infineon Technologies AG
• Mühlbauer Group
• Primekey Solutions AB (Keyfactor)
• Thales Group

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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