Electronic Passports Market Drivers, Demand, Value Chain and Forecast by 2025

Posted by Deeksha on September 5th, 2019

The “Electronic Passports Market” globally is a standout amongst the most emergent and astoundingly approved sectors. This worldwide market has been developing at a higher pace with the development of imaginative frameworks and a developing end-client tendency.

Electronic Passports Market reports deliver insight and expert analysis into key consumer trends and behavior in marketplace, in addition to an overview of the market data and key brands. Electronic Passports Market reports provides all data with easily digestible information to guide every businessman’s future innovation and move business forward.

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Electronic Passports Market Complete Research

E-passport is an electronic passport with high security printing, an inlay including an antenna and a microprocessor, and other security features. An E-passport is a biometric passport which includes a chip, which can be used at the automated E-passport gates instead of having your passport checked by a Border Force officer. The chip holds the same information that is printed on the passports data page: the holders name, date of birth, and other biographic information. In some countries, including Germany, E-passport include two fingerprints as well. 

The rapid development of the tourism industry and the improvement of peoples living standards are the main factors that promote growth of this market. There are currently 122 countries with E-passport programs which QYR estimates are producing 146.83 million units E-passport in 2018. Most E-passport are valid for 5 or 10 years and there were one billion E-passport in circulation, exceeding 60% of all passports in use.

Asia Pacific (APAC) has always been a lucrative region. The E-passport and E-visa market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan India and Southeast Asia are the key countries in the E-passport and E-visa in APAC. Briefly speaking, in the next few years, E-passport and E-visa industry will still be a High-speed development and energetic industry. Sales of E-passport and E-visa have brought a lot of opportunities, due to the rapid development of the tourism industry.

In 2019, the market size of Electronic Passports is 7880 million US$ and it will reach 12900 million US$ in 2025, growing at a CAGR of 6.4% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

The worldwide Electronic Passports Market is an enlarging field for top market players,

Gemalto
Shanghai Mite Speciality & Precision Printing
India Security Press
Beijing Jinchen Cvic Security Printing
Bundesdruckerei
Japan National Printing Bureau
Goznak
Casa da Moeda do Brasil
Canadian Bank Note
Royal Mint of Spain
Polish Security Printing Works
Istituto Poligrafico e Zecca dello Stato
Iris Corporation Berhad
Semlex Group
Veridos
Morpho

Market Segment by Product Type
Ordinary E-passport
Service & Diplomatic E-Passport

Market Segment by Application
Adult
Child

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

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This Electronic Passports Market report begins with a basic overview of the market. The analysis highlights the opportunity and Electronic Passports Market industry trends that are impacted the market that is global. Players around various regions and analysis of each industry dimensions are covered under this report. The analysis also contains a crucial Electronic Passports Market insight regarding the things which are driving and affecting the earnings of the market. The Electronic Passports Market report comprises sections together side landscape which clarifies actions such as venture and acquisitions and mergers.

The Report offers SWOT examination and venture return investigation, and other aspects such as the principle locale, economic situations with benefit, generation, request, limit, supply, and market development rate and figure.

Quantifiable data:-

• Market Data Breakdown by Key Geography, Type & Application / End-User
• By type (past and forecast)
• Electronic Passports Market Market-Specific Applications Sales and Growth Rates (Historical & Forecast)
• Electronic Passports Market revenue and growth rate by the market (history and forecast)
• Electronic Passports Market size and growth rate, application and type (past and forecast)

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North America, Europe, China, Japan, Southeast Asia, India