Global e-Passport Market to Grow at a CAGR of 26% through 2021: Technavio

Technavio has announced the release of their 'Global e-Passport Market 2017-2021' report. (Photo: Business Wire)

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LONDON--()--The global e-passport market is expected to grow at a CAGR of more than 26% during the forecast period, according to Technavio’s latest market research.

In this market research report, Technavio covers the market outlook and growth prospects of the global e-passport market for 2017-2021. The market is further categorized into three application segments, comprising of hardware, software and services.

“Illegal immigration, trans-border crimes, and increasing thefts are among the several factors that drive the market growth. E-passports ensure faster security checks and verification of individuals at airports and international borders. The need to enhance the safety of citizens, strengthen international border security, and lower the rate of passport and visa fraud contributes to the growth of the global e-passport market,” says Amrita Choudhury, a lead enterprise application research expert from Technavio.

Technavio’s ICT research analysts segment the global e-passport market into the following regions:

  • Americas
  • EMEA
  • APAC

E-passport market in Amercias

The e-passport market in the Americas is expected to grow at a CAGR of close to 26% during the forecast period. The Americas has the highest adoption rate of e-passport technology compared to other regions.

The rapid advances in technology are expected to induce a shift toward other biometric technologies such as facial recognition. SITA, an air transport solution provider that is based in Geneva, Switzerland, has upgraded automated passport control (APC) kiosks in Orlando International Airport with facial recognition technology. The upgrade was implemented to comply with new regulations from the US Customs and Border Protection agency.

New regulations mandate that American airports should equip their APC kiosks with facial recognition capabilities. In July 2015, Japanese company NEC received a contract to deploy biometric technology at 14 international airports in Brazil, including Antonio Carlos Jobim International Airport in Rio de Janeiro and Governador André Franco Montoro International Airport in São Paolo.

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E-passport market in APAC

The e-passport market in APAC is expected to grow at a CAGR of more than 46% during the forecast period. The governments of countries such as Bangladesh and India, are planning to introduce e-passport services to reduce the hassles associated with document processing at airports. The implementation of border control technology will also boost the country’s national security measures at departure terminals.

“The use of biometric technologies enables security personnel to focus their attention on the surveillance of high-risk travelers. The service would spare passengers from the long processing time at immigration desks to get clearance,” says Amrita.

E-passport market in EMEA

European nations, including Germany, the UK, and France, were the early adopters of biometric technology for various purposes like border control, airport security, identity security, and law enforcement.

E-passports are equipped with enhanced security features to authenticate the citizenship of travelers. Many countries have introduced a wide range of procedures and computerized methods to eliminate passport frauds and address the concerns that are associated with international business and personal security.

The top vendors in the global e-passport market as highlighted in this market research analysis are:

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

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio has announced the release of their Global e-Passport Market 2017-2021 report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com