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    South Korea E Passport E Visa Market

    ID: MRFR/ICT/57986-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea E-Passport E-Visa Market Research Report By Type (Biometrics, RFID), By Application (Leisure Travel, Business Travel, Identification/Proof, Immigration/Border Control) and By Hardware Components (Antenna, Processor/Chip)- Forecast to 2035

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    South Korea E-Passport E Visa Market Research Report - Forecast to 2035 Infographic
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    South Korea E Passport E Visa Market Summary

    The South Korea E-Passport E-Visa market is projected to grow significantly over the next decade.

    Key Market Trends & Highlights

    South Korea E-Passport E-Visa Key Trends and Highlights

    • The market valuation is expected to increase from 850.8 USD Million in 2024 to 2500 USD Million by 2035.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 10.29 percent.
    • This growth trajectory indicates a robust demand for digital travel solutions in South Korea.
    • Growing adoption of e-passport technology due to enhanced security features is a major market driver.

    Market Size & Forecast

    2024 Market Size 850.8 (USD Million)
    2035 Market Size 2500 (USD Million)
    CAGR (2025-2035) 10.29%

    Major Players

    POSCO, SK Telecom, CJ Corporation, Hyundai, Air Busan, Asiana Airlines, Korean Air, Naver, Samsung, Hanwha, LG, KT Corporation, Kakao, Lotte, Daewoo

    South Korea E Passport E Visa Market Trends

    The South Korean E-Passport E-Visa market is currently undergoing substantial development, which is being driven by the growing demand for secure travel documentation and the increase in digitalization. The integration of biometric technology into e-passports improves security and convenience, enabling the expedited processing of immigration at airports. In recent years, South Korea has been actively promoting its electronic visa system, which is designed to accommodate travelers from a variety of countries. The objective is to encourage international business and increase tourism. 

    Market Segment Insights

    E-Passport E-Visa Market Type Insights

    The South Korea E-Passport E-Visa Market is witnessing significant developments in its Type segment, primarily driven by advancements in technology and the increasing need for security in travel documentation. The use of Biometrics has been a key aspect of this market segment, as it enhances the verification process, providing a more robust method of identifying travelers. This segment has gained traction due to the rising concerns regarding identity theft and fraud, as well as the global shift towards more secure and efficient systems.

    Biometrics typically includes facial recognition, fingerprint scanning, and iris recognition, all of which facilitate smoother border control processes, thus improving the overall travel experience for both citizens and visitors.

    On the other hand, the RFID (Radio Frequency Identification) technology is also crucial within this market. RFID facilitates the quick reading of data stored on e-passports, which allows for expedited processing at immigration points. This technology significantly contributes to reducing wait times for travelers, thus enhancing operational efficiency for border authorities. The incorporation of RFID in e-passports aligns with South Korea’s vision of modernization in travel documentation and border control processes, as it promotes seamless international travel, balancing security with convenience.

    With the increasing digitalization and globalization, both Biometrics and RFID are expected to play crucial roles in shaping the future of the South Korea E-Passport E-Visa Market. The government of South Korea is actively investing in enhancing its immigration infrastructure, which underscores the importance of these technologies. The demand for such advanced verification systems is projected to increase as more individuals travel internationally, necessitating greater emphasis on security and efficiency.

    Moreover, the market is witnessing a positive trend towards adopting hybrid systems that combine the strengths of both Biometrics and RFID, thus providing a comprehensive solution to the challenges faced in the current travel landscape.

    E-Passport E-Visa Market Application Insights

    The South Korea E-Passport E-Visa Market is robustly segmented around Applications, which play a critical role in facilitating global travel and administrative processes. In Leisure Travel, the increase in international tourism driven by South Korea's cultural heritage and advancements in travel technology contributes significantly to market dynamics. Business Travel serves a vital function as corporations increasingly rely on swift visa processing to enhance cross-border operations, reflecting the nation's active role in the global economy. 

    Meanwhile, Identification/Proof applications are essential for maintaining secure and efficient identification systems, vital for various transactions, ensuring trust and security in identity verification.Immigration/Border Control focuses on safeguarding borders while promoting efficient travel, as South Korea continues to refine its immigration policies to balance security with convenience. The growth of these areas indicates a comprehensive approach to optimizing both convenience and control in the realm of travel documentation, thereby significantly supporting the South Korea E-Passport E-Visa Market revenue and overall market growth in a rapidly evolving landscape.

    E-Passport E-Visa Market Hardware Components Insights

    The Hardware Components segment within the South Korea E-Passport E-Visa Market plays a crucial role in the overall functionality and efficiency of the e-passport systems. Key components such as Antennas and Processors/Chips are pivotal in ensuring seamless data transmission and swift processing capabilities, thereby enhancing user experience and security measures. The antennas are significant for enabling wireless communications and are designed to ensure reliable and secure data exchange between the e-passport and scanning systems, which is essential in border control and verification processes.

    On the other hand, processors and chips handle complex algorithms required for data encryption and biometric verification, which are vital for safeguarding personal information. With the rising demand for travel and digital identification systems in South Korea, the reliance on advanced Hardware Components is expected to grow, offering both opportunities and challenges for manufacturers in terms of innovation and competition.

    Get more detailed insights about South Korea E-Passport E Visa Market Research Report - Forecast to 2035

    Key Players and Competitive Insights

    The South Korea E-Passport E-Visa Market is characterized by a rapidly evolving landscape as digitalization transforms traditional travel documentation processes. As the world shifts towards smarter and more efficient solutions for tracking and managing travel documentation, the demand for e-passports and e-visas continues to rise. This growth is driven by increased global travel, technological advancements, and surging consumer expectations for seamless travel experiences. 

    Competitive insights into this market reveal a dynamic interplay of local and global players, each vying to offer the most secure, user-friendly, and accessible solutions designed to streamline international travel while ensuring high standards of security. Understanding the competitive landscape is crucial for stakeholders looking to navigate this intricate market and capitalize on emerging opportunities.Within the South Korea E-Passport E-Visa Market, POSCO has established itself as a notable player with strengths that complement the technological needs of the sector.

    Leveraging its extensive experience in innovation and high-quality material production, the company is well-equipped to engage in partnerships that enhance the security features of e-passports. 

    As a leader in steel production and other advanced materials, POSCO's capabilities can be advantageous in developing enhanced biometric security solutions for electronic travel documents. Its commitment to research, development, and collaborative projects contributes significantly to the evolving landscape of the e-passport technology, solidifying its presence in a market that increasingly demands reliability and security.SK Telecom plays a significant role in the South Korea E-Passport E-Visa Market, leveraging its strong telecommunications infrastructure to support the digital transformation of travel documentation. 

    With advanced technological capabilities, SK Telecom develops services that facilitate secure and efficient identity verification processes essential for e-passports and e-visas. The company's offerings include mobile identification solutions that enhance traveler convenience and streamline immersion into digital travel ecosystems. Moreover, SK Telecom’s focus on innovation allows it to invest in partnerships and collaborations that improve the user experience while adhering to security standards. The firm has a history of engaging in strategic mergers and acquisitions which boost its technological capacity, further establishing its market presence in the dynamic South Korean landscape dedicated to improving international travel efficiency.

    Key Companies in the South Korea E Passport E Visa Market market include

    Industry Developments

    Residents were able to transfer their ID cards to smartphones with biometric verification and blockchain-based protection, which was essential for future integration with border control and e-Visa systems. The nationwide rollout of a mobile digital ID was concluded in March 2025.Pilot implementations of facial recognition at Incheon Airport gateways commenced in July 2023, enabling users to board flights through facial scanning, thereby simplifying the check-in and boarding processes.

    A tender for facial authentication systems intended for e-Passport holders was issued by the Korea Internet & Security Agency in October 2024, indicating a government investment in biometric border infrastructure.The Ministry of Foreign Affairs of South Korea is currently in the process of improving the efficacy of its e-Visa framework to support the growth of inbound travel by expanding electronic visa eligibility (e.g., the inclusion of China and India) and continuing to do so through 2023–2025.

    Market Segmentation

    E-Passport E-Visa Market Type Outlook

    • Biometrics
    • RFID

    E-Passport E-Visa Market Application Outlook

    • Leisure Travel
    • Business Travel
    • Identification/Proof
    • Immigration/Border Control

    E-Passport E-Visa Market Hardware Components Outlook

    • Antenna
    • Processor/Chip

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 806.52(USD Million)
    MARKET SIZE 2024 850.8(USD Million)
    MARKET SIZE 2035 2500.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 10.295% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED POSCO, SK Telecom, CJ Corporation, Hyundai, Air Busan, Asiana Airlines, Korean Air, Naver, Samsung, Hanwha, LG, KT Corporation, Kakao, Lotte, Daewoo
    SEGMENTS COVERED Type, Application, Hardware Components
    KEY MARKET OPPORTUNITIES Increased travel demand, Advanced biometric technology, Streamlined application processes, Cross-border collaboration initiatives, Growing cybersecurity focus
    KEY MARKET DYNAMICS growing digitalization, increased travel demands, enhanced security measures, government regulations, user convenience
    COUNTRIES COVERED South Korea

    FAQs

    What is the expected market size of the South Korea E-Passport E-Visa Market in 2024?

    The South Korea E-Passport E-Visa Market is expected to be valued at 850.8 million USD in 2024.

    How much is the South Korea E-Passport E-Visa Market projected to grow by 2035?

    By 2035, the market is projected to reach a value of 2500.0 million USD.

    What is the anticipated annual growth rate for the South Korea E-Passport E-Visa Market from 2025 to 2035?

    The market is anticipated to grow at a compound annual growth rate (CAGR) of 10.295% from 2025 to 2035.

    Which segment of the South Korea E-Passport E-Visa Market is expected to have the largest market share in 2024?

    The RFID segment is expected to dominate the market, valued at 550.8 million USD in 2024.

    How much is the Biometrics segment of the market expected to be valued in 2035?

    The Biometrics segment is expected to be valued at 900.0 million USD by 2035.

    Who are the key players in the South Korea E-Passport E-Visa Market?

    Major players in the market include POSCO, SK Telecom, CJ Corporation, Hyundai, and Korean Air among others.

    What growth opportunities can be identified in the South Korea E-Passport E-Visa Market?

    The growing demand for secure travel documents and advancements in technology present significant growth opportunities.

    What challenges does the South Korea E-Passport E-Visa Market currently face?

    Challenges include maintaining security standards and adapting to rapidly evolving technology and regulatory frameworks.

    What is the market growth rate for the RFID segment during 2025 to 2035?

    The RFID segment is expected to grow significantly, aligning with the overall market growth of 10.295% CAGR during this period.

    How is the current global political landscape impacting the South Korea E-Passport E-Visa Market?

    The current global political landscape may affect international travel policies, thereby influencing market dynamics and growth.

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