Overview:
The e-passport and e-visa market has been studied by Market Research Future (MRFR) analysts to understand what trends are impacting its outcome and how it is going to fare in the coming years. The entire process to work things digitally would help the end user in getting approvals for e-visa in a simplified way. At the same time, this will curb hassles during the immigration process. This upgradation in the system is happening at a global scale owing to which countries are making this mandatory, which will inspire more uptake. However, in under-developed countries this idea of e-passport and e-visa is yet to get a proper acknowledgement as they lack infrastructure.
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Growth Boosters and Main Restraints
Following a series of terrorist attacks in the past few decades, ePassport and eVisa are being viewed as a foundation for global security. ePassports and eVisas have become mainstream and have also given rise to a sustainable multi-billion-dollar market that is expected to fundamentally transform the worldwide border and travel control infrastructure. They also promptly deliver on the promise of creating a consistent, secure, and highly reliable identification infrastructure.
The marketplaces for E-passport and E-visa involve the credentialing, verification and enrollment processes along with solutions integration as well as related physical and logical technology that deploy and leverage biometric technology. The requirements as well as processes vary from country to country, as they employ a varying levels of automation. The intense efforts and increasing investments for building smart borders as well as smart airports to facilitate fast and secure travel have pushed the demand for ePassports and eVisas, benefitting the market.
Increasing number of identity frauds, surge in advanced airport infrastructure, growth in air traffic and supportive regulatory structure bolster the market growth to a large extent. The ability of e-passport to facilitate quicker security checks as well as verification of passengers at airports and international borders along with the rising adoption by various countries to elevate safety of citizens and lower the chances of visa fraud can significantly boost the demand for E-passport market.
Segmentation:
The global study of the E-passport and E-visa Industry has been reviewed by MRFR analysts on the basis of a segmentation that includes type, application, and hardware components as important measures.
By type, the global review of the e-passport and e-visa market has been sub-segmented into biometrics and RFID. The biometrics segment includes an understanding of facial recognition, fingerprint recognition, and iris recognition.
By application, the review of the global e-passport and e-visa market includes segments like travelling, identification proof, and immigration or border control. The travelling segment can be assessed on the basis of leisure travel, business travel, and foreign affairs.
By hardware components, the understanding of the e-passport and e-visa market includes a study of antenna, processor/chip, and others.
Regional Analysis
The market for e-Passport & e-Visa is advancing at a tremendous pace and can note varying levels of growth in the primary regions of Asia Pacific (APAC), Europe, North America, and the rest of the world (RoW).
Europe can be the dominant market for e-Passport & e-Visa in the approaching years, since countries like the UK, France and Germany are known for their willingness to fast adopt latest technologies, such as biometric for purposes like airport security, border control, law enforcement and identity security. In addition, the surge in the number of biometric visa programs, the scope of travelers to the regions is expected to increase in the following years.
APAC, with its extensive population and rapid economic growth, is expected to perform significantly over the next few years. The governments of India and Bangladesh are in the process of introducing e-passport and e-visa services in more location in order to curb the hassles that arise from document processing at airports. The growing implementation of border control technology can also back the region’s security measures at departure terminals, driving the demand for e-passport and e-visa market.
Competitive Analysis:
The global e-passport and e-visa market includes a study of various companies like 4G identity solutions private limited (U.A.E), Cardlogic limited (Ireland), Eastcompeace (China), Safran identity and security (France), Muehlbauer group (Malaysia), Iris Corporation (Malaysia), Datacard group (U.S), Oberthur Technologies (France), Giesecke&Devrient limited (Germany), HID Global Corporation(U.S), and Infineon Technologies (Germany), Gemalto NV (the Netherlands), Cardlogix Corporation (U.S), Morpho B.V- Idemia (France), and others.
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E-passport and E-visa Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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