E-Passport and E-Visa Market Size to Reach USD 15560 million, With a CAGR of 7.7% CAGR by 2027 – Report by Market Research Future (MRFR)

Market Overview 

By 2027, the market for E- passports and E- visas are expected to grow at a 7.7% CAGR and will reach USD 15560 million. The E- passports and E- visas Market Research Report provides a picture of the competitive landscape of the international market. The report conveys the details resulting from the analysis of the focused market.

E-passports, commonly referred to as biometric passports, have an implanted electronic chip. An electronic visa, often known as an e-visa, is a platform that allows applicants to submit visa applications electronically. These are modernized versions of conventional documents that were added to the system to tighten security, prevent fraud, and improve integration with airport infrastructure. E-passports and E-visas are used to verify a traveler’s identity via digital methods, including the use of a digital signature and a unique identifying number.

Request a sample of this research report: https://www.marketresearchfuture.com/sample_request/6110

E-Passport and E-Visa Market Report Scope:

The global e-passport and e-visa market are driven by an increase in the demand for sophisticated verification methods, an increase in identity fraud cases, a supportive regulatory environment, the presence of cutting-edge airport infrastructure, and an increase in air traffic. However, high deployment and replacement costs are anticipated to restrain industry expansion. A significant opportunity for market expansion is provided by developing economies’ growing use of electronic passports and visas.

The coronavirus pandemic outbreak has devastated the global economy and is currently causing more problems. Concern was raised by the abrupt lock down that was implemented in both regional and worldwide places because humans were containing the virus and serving as its points of transmission. The e-passport and e-visa markets had shown an increase in global demand during this time.

E-Passport and E-Visa Market Segmentation

• By Type 

The global e-passport market has been divided into two types: RFID and Biometrics. Facial recognition, fingerprint recognition, and iris recognition are the three types of biometrics.

• By Application 

The e-passport market is divided into purposes such as travel (leisure, business, and international travel), identification and evidence, and immigration and border control based on application.

• By Hardware Components

The global e-passport market is further divided by hardware components into the antenna, process, and chip, among others.

Browse Full Report: https://www.marketresearchfuture.com/reports/e-passport-e-visa-market-6110

Regional Classification 

The Asia-Pacific market is expected to emerge as the fastest expanding area in the worldwide market, owing to governments’ plans to increase urbanization and population growth, which would increase demand for energy-based products and services. In addition, North America is expected to expand quickly due to the region’s high energy consumption and industry-wide technology developments. The region’s energy consumption has been rising, especially in the US; the main energy sources consumed include nuclear power, fossil fuels, coal, renewable energy, and natural gas. The sector as a whole is dominated by the petroleum and natural gas segment. Petroleum makes up about 35% of the whole energy mix, while natural gas makes up 34% of the use.

Key Players

• 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 Global Corporation(U.S)
• Giesecke & Devrient limited (Germany)
• Gemalto NV (the Netherlands)

Check Discount: https://www.marketresearchfuture.com/check-discount/6110

Industry News 

Visa and travel records should be manually reviewed. Travel data, including visas and travel stamps, are physically inserted into the document pages. The New Technologies Working Group (NTWG) of the International Civil Aviation Organization (ICAO) has tasked a subgroup with investigating the technical framework for the next generation of machine-readable passports in light of this significant constraint.

The introduction of e-passport and e-visa market services is being planned by the governments of countries in the APAC area, including Bangladesh and India, to ease the burden of document processing at various airports. At departure ports, the use of border control technology will strengthen, assist, and support existing national security procedures.

Related Reports:

https://www.marketresearchfuture.com/ja/reports/chatbots-market-2981

https://www.marketresearchfuture.com/ja/reports/hr-payroll-software-market-3076

https://www.marketresearchfuture.com/ja/reports/email-security-market-3120

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

See Campaign: https://www.marketresearchfuture.com/reports/e-passport-e-visa-market-6110

Contact Information:

Contact Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: [email protected] Website: https://www.marketresearchfuture.com

Tags:
Wire, Research Newswire, English