The ePassport market is expected to expand its roots at a strong CAGR of 22.4% during the forecast period. The market is likely to hold a revenue of USD 50.6 billion in 2023 while it is anticipated to cross a value of USD 383.2 billion by 2033.
ePassport is the term used for such passports that include electronic devices or contactless Integrated Circuit (IC) such as RFID chips. The RFID chip contains biometric data and hence ePassports are also known as biometric passports, MRTD (Machine Readable Travel Documents) with ICC Chip.
Apart from using RFID chips, ePassports now incorporate biometric information, such as fingerprint recognition. The new generation of ePassports also includes iris authentication technology and face recognition features. The ePassport is specialized in offering various applications such as business travel, leisure travel, and others.
| Attributes | Details |
|---|---|
| ePassport Market CAGR (2023 to 2033) | 22.4% |
| ePassport Market Size (2023) | USD 50.6 billion |
| ePassport Market Size (2033) | USD 383.2 billion |
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The ePassport is offering various benefits such as securely identifying the traveler, providing protection against identity theft, protecting privacy, and others. Such benefits drive market growth during the forecast period. With a growing rate of passenger travel, there has also been a greater need for fast and efficient security checks on passports. Therefore, ePassports have witnessed a noteworthy rise in demand. The introduction of RFID technology is an important tool for tackling advanced threats while enabling innovation and growth at a better time.
The ePassport market is estimated to rise at 22.4% CAGR between 2023 and 2033 in comparison with 18.3% CAGR registered between 2018 and 2022.
The global ePassport market is expected to witness a significant impact on growth due to increased air traffic. The growing population along with shifting trends towards air travel as well as increasing security concerns is leading to rising demand for ePassport.
With growing incidences of terror attacks, illegal activities, and smuggling on an international level, there has been a greater demand for advanced security, data encryption, and data protection. Smart airport initiatives involving biometrics are not only more secure but have made the process much quicker and less stressful.
After the 9/11 terror attacks in 2001, governments across the world started focusing on the need for stricter passenger control. Therefore, regulatory bodies, such as International Civil Aviation Organization (ICAO), International Air Transport Association (IATA), and Airports Council International (ACI). This has laid down numerous protocols to improve border security and thus, many countries are adopting ePassports.
Air transport is also a key factor boosting the global economy. Both business travel and tourist travel have created wealth and job opportunities. Therefore, there has been a greater requirement to keep an efficient check on security, which in turn, is boosting the demand for ePassports.
Principal Consultant
| Country | United States |
|---|---|
| Revenue Share % (2022) | 10.2% |
| Country | Germany |
|---|---|
| Revenue Share % (2022) | 8.7% |
| Country | Japan |
|---|---|
| Revenue Share % (2022) | 6.5% |
| Country | Australia |
|---|---|
| Revenue Share % (2022) | 4.1% |
| Country | North America |
|---|---|
| Revenue Share % (2022) | 18.2% |
| Country | Europe |
|---|---|
| Revenue Share % (2022) | 37.1% |
| Country | China |
|---|---|
| CAGR % (2023 to 2033) | 29.6% |
| Country | India |
|---|---|
| CAGR % (2023 to 2033) | 29.9% |
| Country | United Kingdom |
|---|---|
| CAGR % (2023 to 2033) | 15.6% |
North America is predicted to remain one of the most attractive markets during the forecast period. According to the study, the United States is expected to account for nearly 72% of the North America market share through 2028. The United States recorded a market share of 10.2% in 2022.
The ePassport solution providers have been involved in submitting tenders and acquiring supply contracts for the development and deployment of ePassports. The United States-based ePassport leading vendors have been involved in submitting tenders and acquiring supply contracts for the development and deployment of ePassports.
The ePassport demand in France is expected to rise at a notable CAGR of around 18.2% over the forecast period. The demand for ePassport is increasing due to various factors such as a surge in the introduction of microprocessor-based passports and the increasing adoption of escalation convenience for travelers and others.
However, Spain and BENELUX are estimated to create 13% of the total incremental D opportunity created by the region. Governments across European countries have also heavily invested in the development of airport infrastructure and the setting up of RFID and biometric security checkpoints.
Singapore market is set to report one of the leading consumption of ePassport, and the market size is expected to reach 3.8X by 2028. The Singapore market is anticipated to create an absolute dollar opportunity of USD 3.6 billion between 2022 to 2028.
South Asian countries, such as Singapore, and other developing countries, are still investing in the development of such passports. These passports are only being made available to government personnel and diplomats in the country. Over the forecast period, such countries are projected to witness high growth in demand for ePassports.
| Category | By Technology |
|---|---|
| Leading Segment | RFID |
| Market Share (2022) | 78.8% |
| Category | By Application |
|---|---|
| Leading Segment | Leisure Travel |
| Market Share (2022) | 77.9% |
The RFID segment by technology may dominate the global demand for ePassport and is expected to grow by 3.2X between 2022 and 2028. The RFID technology held a market share of 78.8% in 2022. However, the biometrics segment is set to witness a substantial growth rate of nearly 25.3% CAGR.
Biometrics is emerging as an important technology in ePassports as they improve security. It also offered various features such as contactless smart card technology, embedded Radio Frequency Identification (RFID) chip, advanced security features, and others. The reliability of such features creates new growth opportunities for the ePassport market during the forecast period.
The leisure travel application segment held a market share of 77.9% market share in the global ePassports market in 2022. Growing disposable income and relatively easier travel protocols across different countries have boosted the demand for ePassports in recent years.
The increasing threat of terrorism and other criminal activities is leading to rising security concerns. ePassport possesses the biometric information of the passport holder. This makes it a reliable as well as safer option in terms of security. Hence increasing security concerns may significantly impact the growth of the global ePassport market
Based on security, ePassports is sub-segmented basic access control, password-authenticated connection establishment, supplemental access control, and extended access control. The password-authenticated connection establishment (PACE) security segment is set to expand at a CAGR of 26.5% between 2022 to 2028.
With the growing demand for stronger data security and data encryption, extended access control is being deployed in numerous ePassports. Conventionally used epassports were based on BAC (Basic Access Control) and were chip-based having basic information. However, with the technological advancements, ePassports are being deployed with biometric information and advanced SAC and PACE technologies.
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Manufacturers have been focusing on the development and deployment of highly encrypted ePassports. Initially, several of ePassports were deployed with BAC (Basic Access Control) and extended access control (EAC). The new generation passports are being incorporated using SAC and PACE.
Market Developments
By 2033, the global market is predicted to be worth USD 383.2 billion.
The market is estimated to generate USD 50.6 billion in revenue by 2023.
The global market developed at an 18.3% HCAGR from 2018 to 2022.
In 2023, the United States to hold a 10.2% market share.
In France, ePassport demand is predicted to escalate at a significant CAGR of 18.2% over the projection period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. RFID 5.2. Biometrics 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Business Travel 6.2. Leisure Travel 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Security 7.1. Basic Access Control 7.2. Password Authenticated Connection Establishment 7.3. Supplemental Access Control 7.4. Extended Access Control 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Gemalto N.V. (Thales) 16.2. HID Global Corporation 16.3. 4G Identity Solutions Private Limited 16.4. CardLogix Corporation 16.5. Infineon Technologies AG 16.6. IDEMIA 16.7. Eastcompeace Technology Co., Ltd. 16.8. Primekey Solutions AB 16.9. Giesecke+Devrient 16.10. Morpho 17. Assumptions & Acronyms Used 18. Research Methodology
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ePassport Market
