The global e-passport market to grow at a CAGR of 26.31% during the period 2017-2021
E-passports are used to authenticate the identity of a traveler during international travels. This technology stores data about the traveler on a smart chip, which bears a unique identification number, and a digital signature.
It is more secure than traditional paper technology as it cuts down the risk of data alteration and duplication. The data stored electronically on the chip is authenticated by public key infrastructure (PKI), which helps eliminate forgeries.
Facial, fingerprint, and iris recognition are the major biometric modalities used in the technology.The analysts forecast the global e-passportmarket to grow at a CAGR of 26.31% during the period 2017-2021
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global e-Passport Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key vendors
Gemalto
Giesecke & Devrient
Infineon Technologies
Safran Identity & Security
Oberthur Technologies
Other prominent vendors
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Market driver
Increase in number of air passengers.
For a full, detailed list, view our report
Market challenge
High cost of initial deployment and replacement.
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Market trend
Rising awareness of e-passport as a secure travel document.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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