ElectronicPassports Market Size And Forecast
ElectronicPassports Market size was valued at USD 14.69 Billion in 2018 and is projectedto reach USD 90.76 Billion by 2026, growing at a CAGR of 25.6% from 2019 to2026.

Increasingglobal travel for business and leisure purposes across the globe and thepresence of technologically advanced airport infrastructure are expected todrive the electronic passports market over the predicted years. The GlobalElectronic Passports Market report provides a holistic evaluation of themarket. The report offers a comprehensive analysis of key segments, trends,drivers, restraints, competitive landscape, and factors that are playing asubstantial role in the market.

Whatis Electronic Passports?
Electronicpassports consist of an electronic chip containing the same information printedon the individual passport’s data page including date of birth, name, age, andother biological information such as the face, fingerprint, and irisrecognition. These passports are incorporated with electronic chips such asradio frequency identification (RFID). Technologies involved in electronicpassports are Radio Frequency Identification and Biometrics. It is used inapplications such as Leisure Travel and Business Travel.

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GlobalElectronic Passports Market Overview
Increasingglobal travel for business and leisure purposes across the globe and thepresence of technologically advanced airport infrastructure are expected todrive the electronic passports market over the predicted years. Also, the risein advanced verification means to detect identity frauds and growth in theadoption of e-passport by developing nations expects a boost to the market inthe coming years. Additionally, electronic passports are more secure thanconventional paper technology as it minimizes the risk of data alteration andduplication. This is predicted to fuel the market during the forecasted years.

Thereare certain restraints and challenges faced which can hinder the market growth.The higher cost associated with electronic passport deployment may restrict themarket growth.

GlobalElectronic Passports Market: Segmentation Analysis
TheGlobal Electronic Passports Market is segmented based onTechnology, Application, and Geography.

ElectronicPassports Market by Technology
•Radio Frequency Identification
• Biometrics

Basedon Technology, the market is bifurcated into Radio Frequency Identification andBiometrics. The Biometrics segment is expected to hold the largest market shareas the use of biometric information to link a person to a passport can help tocounter identify fraud. Also, biometric verification can be used at bordercontrols and to verify the image on a passport renewal application againstimages held on record.

ElectronicPassports Market by Application
•Leisure Travel
• Business Travel

Basedon the Application, the market is bifurcated into Leisure Travel and BusinessTravel. The Leisure Travel segment is anticipated to have the highest CAGR inthe forecasted period. The factors can be attributed to the growing per capitaincome of people and the willingness of people to spend money on foreignholidays.

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ElectronicPassports Market by Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Basedon Geography, the Global Electronic Passports Market is classified into NorthAmerica, Europe, Asia Pacific, and the Rest of the world. The largest share inthe market will be dominated by the Asia Pacific owing to the rising number ofair passengers in this region.

KeyPlayers
The“Global Electronic Passports Market” study report will provide a valuableinsight with an emphasis on the global market. The major players in the marketare

•De La Rue Plc.
• Giesecke+Devrient GmbH
• IDEMIA
• Infineon Technologies AG
• Thales Group.

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