Market Research Future (MRFR) has published a cooked research report on the “Global E-passport and E-visa Market” that contains information from 2018 to 2032. The E-passport and E-visa market is estimated to register a CAGR of 5.49% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global E-passport and E-visa market— Cardlogic Limited (Ireland), 4G identity solutions private limited (U.A.E), Iris Corporation (Malaysia), Safran Identity and Security (France), Muehlbauer Group (Malaysia), Eastcompeace (China), Oberthur Technologies (France), Datacard group (U.S), HID Corporation (U.S), Giesecke&Devrient Limited (Germany), and Gemalto NV (the Netherlands).
Market Highlights
The global E-passport and E-visa market is accounted to register a CAGR of 6.30% during the forecast period and is estimated to reach USD 43.49 billion by 2032.
The E-passport and E-visa market encompasses electronic passport and visa solutions that incorporate digital technology for secure and efficient travel documentation. E-passports store biometric and personal information on embedded chips, while E-visas enable online application and approval processes, streamlining border control procedures and enhancing international travel security.
Segment Analysis
The global E-passport and E-visa market has been segmented based on Type, and Distribution Channel.
On the basis of Type, the market is segmented into biometrics and RFID. The market was dominated by the biometrics sector because of the high level of security, practicality, and acceptance it has. Technology developments combined with the precision and effectiveness of biometric authentication have made biometrics the primary way for confirming identity in travel papers.
Based on Distribution Channel, the global E-passport and E-visa market has been segmented into leisure travel, business travel, identification/proof, and immigration/border control. Due to its crucial role in guaranteeing border security, the huge volume of transactions, the stringent regulatory requirements, and the cooperation between governments and technology providers, the immigration/border control segment dominated the market.
Regional Analysis
The global E-passport and E-visa market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe E-passport and E-visa market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The E-passport and E-visa market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World E-passport and E-visa market comprises of Middle East, Africa, and Latin America.
The North American E-passport and E-visa Market dominated this market in 2022. Due to major technical improvements and improved security measures at nation borders and airports to enhance the security of civilians in the region, the North American E-passport and E-visa market will predominate in this industry.
Additionally, the second-largest market in The Region is for E-passports and E-visas in Europe. Due to its position as the primary issuer of the most electronic passports each year, it has the largest market share in the entire world. Additionally, the UK's E-passport and E-visa market grew at the quickest rate in the European Region, while the German E-passport and E-visa market held the biggest market share.
Moreover, From 2023 to 2032, the E-passport and E-visa market in Asia-Pacific is anticipated to develop at the quickest rate. This is a result of government initiatives, digitalization, technical breakthroughs, and partnerships.Moreover, China’s E-passport and E-visa market held the largest market share, and the IndianE-passport and E-visa market was the fastest-growing market in the Asia-Pacific region.
Key Findings of the Study
- The global E-passport and E-visa market is expected to reach USD 43.50 billion by 2032, at a CAGR of 6.30% during the forecast period.
- The North American E-passport and E-visa Market dominated this market in 2022. Due to major technical improvements and improved security measures at nation borders and airports to enhance the security of civilians in the region, the North American E-passport and E-visa market will predominate in this industry.
- Based on Type, The market was dominated by the biometrics sector because of the high level of security, practicality, and acceptance it has.
- Cardlogic Limited (Ireland), 4G identity solutions private limited (UAE), Iris Corporation (Malaysia), Safran Identity and Security (France), Muehlbauer Group (Malaysia), Eastcompeace (China), Oberthur Technologies (France), Datacard group (US), HID Corporation (US), Giesecke&Devrient Limited (Germany), and Gemalto NV (the Netherlands).
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Report details
| Companies Covered | 15 |
| Pages | 100 |
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