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E-Passport Market Expected to Reach $57,061 Million, Globally, by 2023

The Global E-passport Market was valued at $11,752 million in 2016, and is projected to reach $57,061 million by 2023, growing at a CAGR of 25.4% from 2017 to 2023.

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E-Passport Market Expected to Reach $57,061 Million, Globally, by 2023

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  1. Opportunities and Forecasts, 2017 – 2023 Pages : 157 Publish Date: Nov 2017

  2. E-Passport Market Business travel segment is expected to grow at a highest CAGR of 26.1% due to increasing spending on business travels in economically developed nations such as China and India. The global e-passport market was dominated by the leisure travel segment in 2016, and it is projected to maintain its dominance during the forecast period. However, the business travel segment is expected to witness the highest growth rate, owing to economic development in developing countries such as China and India. Rachita Rake Research Analyst, ICT at AMR.

  3. E-Passport Market • Global E-passport Market was valued at $11,752 million in 2016, and is projected to reach $57,061 million by 2023, growing at a CAGR of 25.4% from 2017 to 2023. An e-passport contains an electronic chip, which holds the same information that is printed on the passport's data page such as the holder's name, date of birth, and other biographical information. Rise in advanced verification processes to detect identity frauds has necessitated the emergence of e-passport to satisfy high need for enhanced security. • Radio frequency identification (RFID) dominated the global e-passport market in 2016, and is expected to remain dominant during the forecast period, owing to the rapid adoption of RFID technology. Furthermore, biometric technology is expected to grow at the highest CAGR of 26.4% during the forecast period, due to increase in need for enhanced security systems. • Read more at : https://www.alliedmarketresearch.com/E-passport-market

  4. E-Passport Market Key Benefits • The radio frequency identification (RFID) segment is expected to exhibit significant growth in the global e-passport market during the forecast period. • In 2016, the leisure travel segment accounted for the highest revenue among the other end-user industry. • Europe generated the highest revenue in 2016. • Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

  5. E-Passport Market By Geography

  6. E-Passport Market By Technology

  7. E-Passport Market By Application

  8. Key Players in Industry • Gemalto N.V. • Mhlbauer Group • Entrust Datacard Corporation • HID Global Corporation • Infineon Technologies AG • Safran S.A. • Eastcompeace Technology Co. • CardLogix Corporation • 4G Identity Solutions • ASK • Download free Sample Report : • https://www.alliedmarketresearch.com/request-sample/4509

  9. E-Passport Market Segments

  10. E-Passport Market By Geography • North America, Europe, Asia-Pacific, LAMEA

  11. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/E-passport-market Follow Us On

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