Xpodence research updated data for competitive structure of the Global E-Passport Industry to devise effective growth strategies and facilitate better decision-making.
E-Passport basically contains an electronic chip that has all of the information found on a traditional passport, as well as a biometric identifier. In order to prevent fraud activities and identity thefts, various law enforcement agencies have been working to invent new ways to combat these problems. With the advancement of biometrics sensors which are now commonly adopted across various platforms such as ATM cards, Personal computers (PCs) and currently smartphones. The same feature is being added to passports in order to enhance its security. It has various added benefits over traditional passports such as improved air security process, securely identify the traveler and with the aid of embedded chips within the e-passport that offers digital signatures which are unique thus detecting tamper of the information stored easier. On the component that make the e-passport secure is the public key infrastructure technology included in it which provides a variety of authentication solutions to keep e-record secure.
Growing number of air passengers, declining cost of air fares, emergence of low-cost multimodal biometrics sensors and durability and high-performance contactless capabilities are some of the factors that would drive the growth of global E-Passport Market. In addition to enhancement of security protocols through the implementation of e-passports by international security agencies and growing number of stringent regulations are certain other factors to boost the e-passport market. High cost of initial deployment and integration of the system onto the legacy infrastructure are expected to hinder the growth of the E-Passport Market to the certain extent.
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The global E-Passport Market can be segmented on the basis of type and region. On the basis of type, the global E-Passport Market can be segmented into hardware, software and services. The hardware segment can be further segmented into E-PASSPORT CHIP, biometrics sensors, Radio-frequency identification (RFID) and Public Key Infrastructure (PKI). In addition, the service segment can be further broken down into consulting, integration, managed and maintenance and support services. On the basis of region, the global E-Passport Market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. In addition, North America and Europe E-Passport Market accounts for a larger share in the global market. In addition, Asia-pacific e-passport market is anticipated to grow at a high CAGR during the forecast period.
Some of the key players in the global E-Passport Market include Gemalto, Giesecke & Devrient, Infineon Technologies, Safran Identity & Security, Oberthur Technologies, 4G Identity Solutions, ASK, CardLogic, DataCard, HID Global and IRIS, Mühlbauer among others.
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