E-passport and E-visa Market Size was valued at USD 25.1 billion in 2022. The E-passport and E-visa market industry is projected to grow from USD26.6813 Billion in 2023 to USD 43.49838 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 6.30% during the forecast period (2023 - 2032). Increased operations on contactless smart chip technology are the key market drivers enhancing market growth.
Figure 1: E-passport and E-visa Market Size, 2023-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Technological advancements and digitalization have played a crucial role in transforming the e-passport and e-visa market, revolutionizing how travel documents are issued, processed, and verified. These advancements have introduced innovative solutions that enhance security, streamline processes, and provide convenience to travelers and government authorities.Furthermore, the introduction of mobile applications for e-passport and e-visa management has empowered travelers with greater control over their travel documents. Through dedicated mobile apps, users can access and update their digital passports or visas, receive real-time notifications, and conveniently present their documents at immigration checkpoints, eliminating the need for physical copies.The utilization of advanced encryption and security measures has been instrumental in safeguarding the integrity and confidentiality of e-passport and e-visa data. Cutting-edge technologies like blockchain have emerged as powerful tools for ensuring secure data storage, tamper-proof document verification, and preventing unauthorized alterations or duplications.As governments and travel authorities embrace digitalization, self-service kiosks equipped with advanced document scanning and verification capabilities have been deployed at airports and other entry points. These kiosks facilitate quick and automated document checks, reducing waiting times and improving the travel experience. As governments and travel authorities embrace digitalization, self-service kiosks equipped with advanced document scanning and verification capabilities have been deployed at airports and other entry points. These kiosks facilitate quick and automated document checks, reducing waiting times and improving the travel experience. This factor drives the market CAGR.
Additionally, the E-passports and e-visas market operate on contactless smart chip technology and are likely to be integrated with computer chips and an embedded antenna. E-passports and e-visa are used by passengers traveling for business and leisure purposes; hence, they are soaring high in demand as people do not want to sacrifice their basic living. The major factor responsible for the growth of the e-passport and e-visa market during the ongoing forecast period that will end in 2023 is the introduction of e-passport and e-visa applications and services to facilitate the reduction of identity issues arising during the processing and verification of documents at airports. This will likely help minimize the processing time at immigration desks to get clearance and allow the security personnel to focus on the surveillance of suspicious and high-risk travelers.Furthermore, increasing travel activities and tourism drive the need for efficient and streamlined visa processing systems.Growing demand for e-passports driving the E-passport and E-visa market revenue.
Based on Type, the E-passport and E-visa market segmentation includes biometrics and RFID. The biometrics segment dominated the market due to its high level of security, convenience, and widespread acceptance. The accuracy and efficiency of biometric authentication and technological advancements have positioned biometrics as the preferred method for identity verification in travel documents. As the demand for secure and streamlined travel processes continues to grow, the dominance of the biometrics segment is expected to persist.
Figure1: E-passport and E-visa Market, byType, 2022 & 2032(USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on Application, the E-passport and E-visa market segmentation include leisure travel, business travel, identification/proof, and immigration/border control. The immigration/border control segment dominated the market due to its critical role in ensuring border security, the high volume of transactions, regulatory requirements, and collaborative efforts between governments and technology providers. As governments worldwide continue to focus on enhancing their border control capabilities, the dominance of the immigration/border control segment is expected to persist, driving the demand for advanced e-passport and e-visa solutions.
Based on hardware components, the E-passport and E-visa market segmentation include antenna, processor/chip. The processor/chip segment dominated the market due to its functionality, security, and advanced features of these electronic documents. The advancements in processor and chip technologies, the need for robust security measures, and the expertise of established technology providers contribute to the prominence of this segment. As the demand for secure and efficient e-passports and e-visas continues to grow, the processor/chip segment is projected to maintain its dominance in the market.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American E-passport and E-visa market will dominate this market due to significant technological advancements and increased security measures at country borders and airports to improve the security of civilians in the Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: GLOBALE-PASSPORT AND E-VISA MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe E-passport and E-visa market accounts for the second-The Region. It holds the largest market share in the world for e-passports due to its position as the leading issuer of the highest number of electronic passports annually. Further, the German E-passport and E-visa market held the largest market share, and the UK E-passport and E-visa market was the fastest-growing market in the European Region.
The Asia-Pacific E-passport and E-visa Market are expected to grow fastest from 2023 to 2032. This is due to technological advancements, digitalization, government initiatives, and collaborations .Moreover, China’s E-passport and E-visa market held the largest market share, and the IndianE-passport and E-visa market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the E-passport and E-visa market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The E-passport and E-visa industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the E-passport and E-visa industry to benefit clients and increase the market sector. In recent years, the E-passport and E-visa industry has offered some of the most significant advantages to medicine. Major players in the E-passport and E-visa market, including Cardlogic Limited (Ireland), 4G identity solutions private limited (U.A.E), Iris Corporation (Malaysia), Safran Identity and Security (France), Muehlbauer Group (Malaysia) Eastcompeace (China), Oberthur Technologies (France), Datacard group (U.S), HID Corporation(U.S), Giesecke & Devrient Limited (Germany), Gemalto NV (the Netherlands)., and others, are attempting to increase market demand by investing in research and development operations.
Gemalto, formerly known as Axalto and Gemplus International, was a prominent international digital security company that specialized in offering a range of software applications, secure personal devices like smart cards and tokens, e-wallets, and managed services. The company was established in June 2006 through the merger of Axalto and Gemplus International. In 2018, Gemalto N.V. recorded a revenue of €2.969 billion.In collaboration with Veridos, a provider of identity solutions, Gemalto joined forces to provide e-passport solutions worldwide. The objective of this partnership was to leverage their expertise in secure document technologies to enhance the security and efficiency of e-passports.
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a renowned company at the forefront of fingerprint identification technologies, offering convenient, secure, and personalized authentication solutions. With IDEX Biometrics, individuals can make payments, verify their identity, access information, and easily unlock devices. The company specializes in inventing, engineering, and commercializing these user-friendly and highly secure solutions.In collaboration with IDEMIA, a leader in augmented identity solutions, IDEX Biometrics combines its expertise to deliver advanced fingerprint identification and authentication solutions. The collaboration aimed to develop biometric smart cards for secure identification and authentication, including e-passports and e-visas.
June 2014: Gemalto (Thales Group) and Veridos: Gemalto, a digital security company, and Veridos, a provider of identity solutions, collaborated to deliver e-passport solutions worldwide. The partnership aimed to combine their expertise in secure document technologies to enhance the security and efficiency of e-passports.
October 2019: IDEMIA, a prominent company specializing in augmented identity solutions, joined forces with IDEX Biometrics provides innovative solutions that enhance security and enable convenient and personalized authentication processes. This collaboration was established to create biometric smart cards that ensure secure identification and authentication, particularly for applications such as e-passports and e-visas by leveraging their respective expertise, IDEMIA and IDEX Biometrics aimed to develop innovative solutions that enhance the security and reliability of these important identification documents.
Biometrics
RFID
Leisure Travel
Business Travel
Identification/Proof
Immigration/Border Control
Antenna
Processor/Chip
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size2022 | USD 25.1 billion |
| Market Size 2023 | USD 26.68 billion |
| Market Size2032 | USD 43.49 billion |
| Compound Annual Growth Rate (CAGR) | 6.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Cardlogic Limited (Ireland), 4G identity solutions private limited (U.A.E), Iris Corporation (Malaysia), Safran Identity and Security (France), Muehlbauer Group (Malaysia), Eastcompeace (China), Oberthur Technologies (France), Datacard group (U.S), HID Corporation(U.S), Giesecke&Devrient Limited (Germany), Gemalto NV (the Netherlands) |
| Key Market Opportunities | These advanced methodologies are used to enhance the security structure and reduce fraud. |
| Key Market Dynamics | The e-passport and e-visa market in Asia is expected to grow during the forecast period. |
E-passport E-visa Market Highlights:
Frequently Asked Questions (FAQ) :
The E-passport and E-visa market size was valued at USD 25.1 Billion in 2022.
The market is estimated to grow at a CAGR of 6.30% during the forecast period, 2023-2032.
North America had the largest share of the market
The major players in the market are Cardlogic Limited (Ireland), 4G identity solutions private limited (U.A.E), Iris Corporation (Malaysia), Safran Identity and Security (France), Muehlbauer Group (Malaysia), Eastcompeace (China), Oberthur Technologies (France), Datacard group (U.S), HID Corporation(U.S), Giesecke&Devrient Limited (Germany), Gemalto NV (the Netherlands).
The BiometricsE-passport and E-visa category dominated the market in 2022.
Immigration/Border Control had the largest share of the market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
