E-passport and E-visa Market Report: Trends, Forecast and Competitive Analysis to 2030

E-passport and E-visa Trends and Forecast

The future of the global e-passport and e-visa market looks promising with opportunities in the leisure travel, business travel, identification/proof, and immigration/border control markets. The global e-passport and e-visa market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are enhanced utilization of contactless smart chip technology, rising trend of digitalization, and increasing demand for multi-modal biometrics.

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E-passport and E-visa by Segment

The study includes a forecast for the global E-passport and E-visa by type, hardware component, application, and region.

E-passport and E-visa Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Biometrics
• RFID

E-passport and E-visa Market by Hardware Component [Shipment Analysis by Value from 2018 to 2030]:

• Antenna
• Processor/Chip

E-passport and E-visa Market by Application [Shipment Analysis by Value from 2018 to 2030]:

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

E-passport and E-visa Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of E-passport and E-visa Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies E-passport and E-visa companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the E-passport and E-visa companies profiled in this report include-

• Cardlogic
• Gemalto
• 4G Identity Solutions
• Giesecke&Devrient
• Iris

E-passport and E-visa Market Insights

Lucintel forecasts that biometric will remain the larger segment over the forecast period due to high degree of security, ease of use, and broad adoption.

Within this market, immigration/border will remain the largest segment due to its crucial role in guaranteeing border security, managing a large number of transactions, and adhering to regulatory standards.

North America will remain the largest region over the forecast period due to notable technological progress and heightened security protocols in the region.

Features of the Global E-passport and E-visa Market

Market Size Estimates: E-passport and E-visa market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: E-passport and E-visa market size by type, hardware component, application, and region in terms of value ($B).

Regional Analysis: E-passport and E-visa market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, hardware components, application,s and regions for the E-passport and E-visa market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the E-passport and E-visa market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for E-passport and E-visa market?

Answer: The global e-passport and e-visa market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the E-passport and E-visa market?

Answer: The major drivers for this market are enhanced utilization of contactless smart chip technology, rising trend of digitalization, and increasing demand for multi-modal biometrics.

Q3. What are the major segments for E-passport and E-visa market?

Answer: The future of the global e-passport and e-visa market looks promising with opportunities in the leisure travel, business travel, identification/proof, and immigration/border control markets.

Q4. Who are the key E-passport and E-visa market companies?

Answer: Some of the key E-passport and E-visa companies are as follows.

• Cardlogic
• Gemalto
• 4G Identity Solutions
• Giesecke&Devrient
• Iris

Q5. Which E-passport and E-visa market segment will be the largest in future?

Answer: Lucintel forecasts that biometric will remain the largest segment over the forecast period due to high degree of security, ease of use, and broad adoption.

Q6. In E-passport and E-visa market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to notable technological progress and heightened security protocols in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the E-passport and E-visa market by type (biometrics and RFID), hardware component (antenna and processor/chip), application (leisure travel, business travel, identification/proof, and immigration/border control), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?