E-passport and E-visa Market Share, Global Trend, Emerging Technologies, Sales Revenue, Key Strategies, Business Prospect and Industry Research Report to 2021-2030

In a recent published report, Kenneth Research has updated the market report for E-passport and E-visa Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10154325

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for E-passport and E-visa Market products.

In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of E-passport and E-visa Market over the period 2019-2026.

Market Scenario

E-passport also known as “biometric passport” is a technologically advanced form of paper-based passport that has an electronic chip embedded in it. An electronic visa or e-visa is an online platform that enables an applicant to facilitate online application to obtain a visa. E-passports and E-visas are used to verify identity of a traveler through digitally by using a unique identification number and a digital signature. These advanced methodologies are used to enhance the security structure and reduce frauds. The e-passport and e-visa are more secure than their traditional counterpart as it prevents data alteration and duplication. The data associated with e-Visa is stored in a computer and is linked to the passport number. There is no requirement of label, sticker or stamp to be placed in the passport for traveling. The process of identification via chip is done over the internet.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10154325

E-passports and e-visas operate on the contactless smart chip technology and are integrated with computer chip along with an embedded antenna. E-passports and e-visa are being used by the passengers traveling for both business and leisure purpose.

The major factor responsible for the growth of the global e-passport and e-visa market is the introduction of e-passport and e-visa application and services to facilitate the reduction of identity issues arising during the processing and verification of documents at airports. This minimizes the processing time at immigration desks to get clearance and also allows the security personnel to focus on the surveillance of suspicious and high-risk travelers.

Travel data such as visas and travel stamps are physically entered into the document pages and visa and travel records must be manually checked. Recognizing this limitation, International Civil Aviation Organization’s (ICAO) New Technologies Working Group (NTWG) has assigned a sub-group to explore the policy and technical framework for the next generation of machine-readable passports.

Segmentation

By type, the market is sub-segmented into Biometrics and RFID. The Biometrics is further segmented into facial recognition, fingerprint recognition, and iris recognition.By application, the market is sub-segmented into Travelling (Leisure Travel, Business travel, foreign affairs), identification/proof and immigration/border control.By hardware components, the market is sub-segmented into antenna, processor/chip, others.

Regional Analysis

The global market for e-Passport & e-Visa market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of data as a service market is studied for North America, Europe, Asia Pacific, and the rest of the world.

Europe is expected to dominate the e-Passport & e-Visa market during the forecast period. European nations, including Germany, the UK, and France, were the early adopters of biometric technology for various purposes like border control, airport security, identity security, and law enforcement. The e-passport and e-visa market in Asia Pacific region are expected to grow during the forecast period. The governments of Bangladesh and India are planning to introduce e-passport and e-visa services to reduce the hassles associated with document processing at airports. The implementation of border control technology will also aid the country’s national security measures at departure terminals.

Key players:

The prominent players in the market of e passport and e visa are 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) among others.

Request For Full Report- https://www.kennethresearch.com/sample-request-10154325

Other players in the market include Infineon Technologies (Germany), Morpho B.V- Idemia (France) Cardlogix Corporation (U.S) among others.

Intended Audience

Semiconductor Foundries

Service providers

Research Institute

Government Agencies

Border Control and Immigration

Chipset manufacturers

Passport reader manufacturers

Security agencies

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research
Email:sales@kennethresearch.com
Phone: +1 313 462 0609