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E-passport E-visa Market Share

ID: MRFR//4652-HCR | 100 Pages | Author: Shubham Munde| April 2024

In the fiercely competitive landscape of the E-passport and E-visa market, companies deploy strategic market share positioning strategies to distinguish themselves, capture market share, and meet the evolving needs of governments and travelers. A pivotal strategy involves continuous technological innovation, where companies invest in research and development to enhance the security and features of their E-passports and E-visas. Staying at the forefront of technological advancements allows companies to position their products as cutting-edge, secure, and capable of addressing emerging challenges, thereby gaining a competitive advantage.


Strategic partnerships and collaborations are integral to market share positioning within the E-passport and E-visa sector. Companies often form alliances with technology providers, security experts, and government agencies to leverage collective expertise, share resources, and collectively advance the capabilities of electronic identification systems. These collaborations not only contribute to the development of more secure and interoperable solutions but also position the companies involved as leaders fostering innovation and industry-wide collaboration.


A customer-centric approach is essential for gaining and maintaining market share in the E-passport and E-visa sector. Companies that prioritize user experience, ease of use, and customization options create strong value propositions. Offering user-friendly interfaces, efficient visa application processes, and responsive customer support contribute to customer satisfaction and loyalty. A satisfied customer base not only leads to repeat business but also serves as a powerful asset in attracting new customers and expanding market share.


Strategic pricing is a critical component of market share positioning in the E-passport and E-visa market. Some companies focus on offering cost-effective solutions, targeting a broad customer base and governments with budget constraints. Others position themselves as premium providers, emphasizing advanced security features, additional services, and superior customer support. Strategic pricing allows companies to cater to specific market segments, optimizing market share based on the perceived value of their E-passports and E-visas.


Investment in marketing and brand positioning is a fundamental strategy for companies aiming to secure and enhance their market share. Effective marketing campaigns, participation in industry events, and thought leadership initiatives contribute to building brand recognition and trust. Companies that successfully position themselves as reputable and reliable providers of electronic identification solutions can influence customer preferences, gain market share, and establish a strong foothold in the competitive E-passport and E-visa market.


Geographical expansion is a market share positioning strategy often employed by companies seeking to tap into new markets and regions. Understanding the unique requirements and regulatory environments of different geographic areas allows companies to tailor their E-passports and E-visas to meet specific local needs. This strategy enables companies to diversify their customer base, reduce dependency on specific markets, and position themselves as global leaders in the E-passport and E-visa market.


 


Environmental sustainability considerations are becoming influential in market share positioning within the E-passport and E-visa sector. Companies that emphasize eco-friendly practices, such as the reduction of physical documents and the use of sustainable materials, align with the growing demand for environmentally conscious solutions. This strategy positions companies as socially responsible leaders in the E-passport and E-visa market, appealing to environmentally conscious customers and stakeholders and influencing market share positively.


The focus on continuous improvement and adaptability is a dynamic strategy in the E-passport and E-visa market. Companies that actively seek feedback, monitor industry trends, and respond quickly to emerging challenges position themselves as agile and innovative players. This strategy enables companies to proactively address market demands, stay ahead of the competition, and maintain a flexible market share positioning that aligns with the rapidly evolving landscape of electronic identification systems.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 6.30% (2023-2032)

E-passport and E-visa Market Overview


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)


E-passport and E-visa Market Overview.


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


E-passport and E-visa Market Trends


Technological advancements and digitalization are driving market growth.


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.


E-passport and E-visa Market Segment Insights


E-passport and E-visa Type Insights


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)


E-passport and E-visa Market, byType


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


E-passport and E-visa Application Insights


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.


E-passport and E-visa Hardware Components Insights


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.


E-passport and E-visa Regional Insights


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 (%)


GLOBALE-PASSPORT AND E-VISA MARKET SHARE BY REGION


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.


E-passport and E-visa Key Market Players & Competitive Insights


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.


Key CompaniesIn The E-passport And E-visa Market Include



E-passport and E-visa Industry Developments


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.


E-passport and E-visa Market Segmentation


E-passport and E-visa Type Outlook




  • Biometrics




  • RFID




E-passport and E-visa Application Outlook




  • Leisure Travel




  • Business Travel




  • Identification/Proof




  • Immigration/Border Control




E-passport and E-visa Hardware Components Outlook




  • Antenna




  • Processor/Chip




E-passport and E-visa Regional Outlook




  • 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





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