Research – E-Passport Market by Applications, Economic Effects, Industry Chain Structure Forecast 2021

By | April 4, 2017

E-Passport Market Research Report covers the present scenario and the growth prospects of the E-Passport Industry for 2017-2021. E-Passport Market, has been prepared based on an in-depth market analysis with inputs from industry experts.

 The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of E-Passport globally.

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The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the E-Passport Market:

  • Gemalto
  • Giesecke & Devrient
  • Infineon Technologies
  • Safran Identity & Security
  • Oberthur Technologies

Other Prominent Vendors of E-Passport Market Are:

  • 4G Identity Solutions
  • ASK
  • CardLogic
  • DataCard
  • HID Global
  • IRIS
  • Mühlbauer Group

One trend in market is rising awareness of e-passport as a secure travel document. The e-passport is a far more secure travel document than a traditional paper passport. It is an additional method of authenticating the printed information with a sealed electronic copy. It is virtually impossible to counterfeit an e-passport because the authentic digital seal on the electronic data can’t be duplicated. In addition, any alteration of the chip information breaks the seal. Hence, border agents can easily detect any tampering of information. In the case of stolen documents, an individual’s passport photograph could be replaced by a fraudulent one on the printed data page. However, the digital copy of the photograph on the chip can’t be changed without detection.

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According to the report, one driver in market is increase in number of air passengers. About 7% increase in terms of Revenue Passenger Kilometers (RPK) has been observed in 2016. In addition, the frequency of flights operating has increased to meet the growing demand. RPK is the measure of traffic for an airline. It is calculated by multiplying the number of revenue-paying passengers aboard the vehicle by the distance traveled. Governments worldwide are investing in construction, expansion, and revamping of airports to accommodate the growing number of airlines and commuters. In the Middle East, governments are also making investments in mega events such as the Dubai Expo 2020 in the UAE and the FIFA World Cup 2022 in Qatar.
Report also presents Geographical Segmentation analysis of E-Passport Market of Americas, APAC, EMEA region.

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Further, the report states that one challenge in market is high cost of initial deployment and replacement. One of the main challenges faced by vendors in the global e-passport market is the high initial deployment and replacement costs in some regions. This is due to the limited vendor penetration in regions such as South America and APAC which have a few local players. Most of the vendors in this market are based in Europe. Therefore, the market is controlled by a small group of vendors. This results in low competition and high initial deployment and replacement costs. Contactless smart cards have high manufacturing costs as they are more advanced than magnetic tape cards. Hence, the overall cost of e-passports increases with advances in software and hardware.

Key questions answered in E-Passport market report:

  • What will the E-Passport market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving E-Passport market?
  • What are the challenges to E-Passport market growth?
  • Who are the key vendors in E-Passport market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

No of Pages: 70

Price of Report: $ 3500 (Single User License)

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Source: Miltech