E-passport and e-visa Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “E-passport
and e-visa market size, status and forecast 2027” has been featured on
market research future.
The research conducted by Market Research
Future (MRFR) focuses on the growth scope of the market for E-Passport and
E-Visa 2020 on the basis of the exhaustive analysis of the latest trends. MRFR
anticipates modest gains for the market and expects it to progress at a decent
rate during the forecast timeframe (2017 to 2023).
Following a series of terrorist attacks in the
past few decades, ePassport and eVisa are being viewed as a foundation for
global security. ePassports and eVisas have become mainstream and have also
given rise to a sustainable multi-billion-dollar market that is expected to
fundamentally transform the worldwide border and travel control infrastructure.
They also promptly deliver on the promise of creating a consistent, secure, and
highly reliable identification infrastructure.
The marketplaces for E-Passport &
E-Visa Market involve the credentialing, verification and
enrollment processes along with solutions integration as well as related
physical and logical technology that deploy and leverage biometric technology.
The requirements as well as processes vary from country to country, as they
employ a varying levels of automation.
The intense efforts and increasing investments for building smart
borders as well as smart airports to facilitate fast and secure travel have
pushed the demand for ePassports and eVisas, benefitting the market.
Increasing number of identity frauds, surge in
advanced airport infrastructure, growth in air traffic and supportive
regulatory structure bolster the market growth to a large extent. The ability
of e-passport to facilitate quicker security checks as well as verification of
passengers at airports and international borders along with the rising adoption
by various countries to elevate safety of citizens and lower the chances of
visa fraud can significantly boost the demand for E-passport market.
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Leading Contenders:
The leading contenders in the e passport and e
visa market are Datacard group (U.S), Iris Corporation (Malaysia), Cardlogic
limited (Ireland), Muehlbauer group (Malaysia), 4G identity solutions private
limited (U.A.E), Eastcompeace (China), Oberthur Technologies (France), Safran
identity and security (France), HID Global Corporation (U.S), Gemalto NV (the
Netherlands), Giesecke&Devrient limited (Germany), and others.
Other vendors that are also responsible for
the market growth are Morpho B.V- Idemia (France) Cardlogix Corporation (U.S),
Infineon Technologies (Germany), to name a few.
Market Segmentation:
The market segmentation for ePassport and
eVisa includes type, application and hardware components.
The types identified in the report are
Biometrics as well as RFID. The biometrics segment can be dissected into
fingerprint recognition, iris recognition and facial recognition.
The application-wise market segments are
Travelling (Business travel, foreign affairs and Leisure Travel),
immigration/border control and identification/proof.
The hardware components covered are antenna,
processor/chip, others.
Regional Analysis:
The market for e-Passport & e-Visa is
advancing at a tremendous pace and can note varying levels of growth in the
primary regions of Asia Pacific (APAC), Europe, North America, and the rest of
the world (RoW).
Europe can be the dominant market for e-Passport
& e-Visa in the approaching years, since countries like the UK, France and
Germany are known for their willingness to fast adopt latest technologies, such
as biometric for purposes like airport security, border control, law
enforcement and identity security. In addition, the surge in the number of
biometric visa programs, the scope of travelers to the regions is expected to
increase in the following years.
APAC, with its extensive population and rapid
economic growth, is expected to perform significantly over the next few years.
The governments of India and Bangladesh are in the process of introducing
e-passport and e-visa services in more location in order to curb the hassles
that arise from document processing at airports. The growing implementation of
border control technology can also back the region’s security measures at
departure terminals, driving the demand for e-passport and e-visa market.
Table of Contents
1 Executive
Summary
2 Scope of
the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
Objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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List of Tables
Table1 Global E Passport and E Visa Market: By Region,
2017-2023
Table2 North America E Passport and E Visa Market: By
Country, 2017-2023
Table3 Europe E Passport and E Visa Market: By Country,
2017-2023
Continued….
List of Figures
Figure 1 Global E Passport and E Visa Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global E Passport
and E Visa Market
Continued….
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