Global E-Passport And E-Visa Market Size By Type (E-Passport, E-Visa), By Passport Type (Ordinary E-Passport, Service & Diplomatic E-Passport), By Application (Adult, Child), By Geographic Scope And Forecast

E-Passport And E-Visa Market Size And Forecast

E-Passport And E-Visa Market size was valued at USD 25.20 Billion in 2024 and is projected to reach USD 42.00 Billion by 2031, growing at a CAGR of 6.6% from 2024 to 2031.

An increase in the need for advanced verification methods, to reduce identity frauds, advanced airport infrastructure, and an increase in air traffic will boost the global E-Passport And E-Visa Market. The Global E-Passport And E-Visa Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global E-Passport And E-Visa Market Definition

An E-passport is also known as a biometric passport representing a combination of both paper and electronic devices equipped with biometrics for the validation of the identity of air travelers. This passport utilizes contactless smart card technology consisted of a computer chip or microprocessor chip such as radio-frequency identification (RFID) chips and antenna, which are inserted in the front and back cover of the passport. The RFID chip comprises the information in the electronic form regarding particular individuals such as name, date of birth, age, and other biological information including fingerprint, face, and iris recognition.

By using a special identification number and a digital signature, e-passports and e-visas are used to digitally verify a traveler’s identity. These are the cutting-edge digital approaches being employed to strengthen the security system and reduce fraud. The target audience’s demand for electronic passports and visas makes them more secure than their conventional counterparts since they stop data duplication and tampering. The information related to an e-Visa is kept on a computer, and the passport number is linked to the computer that stores the data.

Global E-Passport And E-Visa Market Overview

The significant growth of the global E-Passport And E-Visa Market is caused by several factors including hassles reduction throughout the verification and processing of documents during international travels at airports, less processing time at the immigration desks to obtain clearance, and allowing airport security staff to emphasize their attention on the investigation of suspicious travelers.

With the increasing prevalence of cyber-attacks, the rising demand for multi-modal biometrics is also growing. In addition to this, multi-modal biometrics utilizes several biometric identifiers such as face and iris recognition, and fingerprint. As a result, multi-modal biometrics are offering an improved security layer and assist in overcoming the inaccuracy of normal biometrics. The higher adoption of biometrics technology in e-passport and e-visa will also assist in enhancing the security at the airport terminals.

Global E-Passport And E-Visa Market Segmentation Analysis

The Global E-Passport And E-Visa Market is Segmented on the basis of Type, Passport Type, Application, and Geography.

E-Passport And E-Visa Market, By Type

• E-Passport
• E-Visa

Based on Type, the market is segmented into E-Passport and E-Visa. E-passport represents the combination of paper and electronic devices embedded with biometrics devices for the validation of air traveler’s identity. E-visa is an official document issued by a particular country’s government that allows individuals to enter, travel, and stay in other countries for a specific period.

E-Passport And E-Visa Market, By Passport Type

• Ordinary E-Passport
• Service & Diplomatic E-Passport

Based on Passport Type, the market is segmented into Ordinary E-passport, and Service & Diplomatic E-Passport. Ordinary E-passport accounted for the largest market share in 2020. The demand for ordinary e-passports is increasing due to several factors including proliferating business and leisure travel and increasing incidences of cyber-attacks.

E-Passport And E-Visa Market, By Application

• Adult
• Child

Based on Application, the market is segmented into Adult and Child. The adult segment accounted for the largest market share in 2020. The adult segment is witnessing significant growth in the global E-Passport And E-Visa Market due to factors including the significance of international education among adults.

Global E-Passport And E-Visa Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

On the basis of Geography, the Global E-Passport And E-Visa Market are classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe is expected to hold the largest market share of the E-Passport And E-Visa Market over the forecast period followed by Asia-Pacific. Europe is the leading region in the world to issue the maximum number of electronic passports in a year. Countries including France, Spain, Germany, Italy, Portugal, Norway, and the Netherlands are engaged in issuing over a million electronic passports annually.

Key Players

The “Global E-Passport And E-Visa Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Gemalto, India Security Press, Japan National Printing Bureau, Goznak, IDEMIA, The Royal Mint, Bundesdruckerei Gmbh, Casa Da Moeda Do Brasil, Canadian Bank Note, Semlex Group, Veridos Gmbh.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Gemalto, partners with the East Timor government to start issuing state-of-the-art electronic passports (e-Passports) to its citizens.
• This provides features such as easy enrollment, biometric data capture, de-duplication of redundant biometric information, disaster and data recovery, as well as a full turnkey public key infrastructure and secure issuance of the document.
• The Ministry of External Affairs (MEA) announced the introduction of e-passports in co-operation with India Security Press with an aim to issue 22 million e-passports in the first phase.
• The manufacturing of e-passport has started in the e-passport manufacturing facility at India Security Press, Nasik.
• The company completed the acquisition of genua GmbH, Germany-based IT security company.
• With the acquisition of genua GmbH, the company will expand its portfolio of secure data, identities, and infrastructure.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the E-Passport And E-Visa Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in E-Passport And E-Visa Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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