MarkNtel Advisors recently published a detailed industry analysis of the E-Passport Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
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Insights and Analysis of the E-Passport Market (2024-2030)
The Global E-Passport Market size is estimated to grow at a CAGR of around 21.65% during the forecast period, i.e., 2024-30.
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What is driving the E-Passport Market?
Surging International Travel to Drive Market Growth – During the last decade, many economies have experienced significant economic growth, leading to a surge in disposable income, which has enabled more individuals to afford international travel. Additionally, the increase in the number of low-cost carriers has made air travel more accessible, which has subsequently enhanced international tourism. For instance,
- In 2023, as per the United Nations World Tourism Organization (UNWTO), international arrivals reached approximately 1.3 billion.
The growth in international tourism has enhanced the focus on standardizing travel documents to ease the process of international travel, owing to which countries across the globe are adopting e-passports. Moreover, there’s been a significant increase in the number of students seeking educational opportunities abroad across the globe. Along with this, many universities and educational institutions, especially in North America and Europe, are actively promoting international campuses and partnerships. The increase in international student mobility highlights the advantages of adopting e-passports for governments to facilitate smoother and more efficient border crossings. This is anticipated to drive market growth & expansion during the forecast period.
What segments define the E-Passport Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
(Biometric e-Passports, Non-Biometric e-Passports),
By Security
(Basic Access Control, Extended Access Control, Supplemental Access Control, Biometric Authentication),
By Component
(Electronic Chip, Antenna, Biometric Capture Devices, Others),
By Application
(Traveling, Border Control and Immigration, Identity Proof)
By Regions
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Explore the Complete E-Passport Market Analysis Report – https://www.marknteladvisors.com/research-library/e-passport-market.html
Who are the leading key players shaping the E-Passport Market landscape?
CardLogix Corporation, 4G Identity Solutions, 3M, HID Global Corporation, IDEMIA, Infineon Technologies AG, Eastcompeace Technology Co., Ltd., Entrust Corporation, Muhlbauer Group, Iris Corporation, Thales Group, Safran Identity and Security, PrimeKey Solutions AB, Datacard Group, Others,
Questions Addressed in this Study
1.What factors are driving the E-Passport Market growth?
2.How is the E-Passport Market expected to grow over the next five years?
3.What are the key insights into the current trends in the E-Passport Market?
4.What is the current size of the E-Passport Market, and how is it projected to change in the future?
6.What is the future outlook for the E-Passport Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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