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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global E-Passport Market Size
The global e-passport market reached a value of nearly USD 39.82 billion in 2023. The industry is expected to grow at a CAGR of about 23% in the forecast period of 2024-2032 to reach a value of approximately USD 256.61 billion by 2032.
| Global E-passport Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 39.8 |
| Market Size 2032 | USD Billion | 256.6 |
| CAGR 2018-2023 | USD Billion | XX% |
| CAGR 2024-2032 | USD Billion | 23.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 29.8% |
| CAGR 2024-2032 - Market by Country | Saudi Arabia | 26.1% |
| CAGR 2024-2032 - Market by Country | Australia | 20.3% |
| CAGR 2024-2032 - Market by Type | Radio Frequency Identification | 25.3% |
| CAGR 2024-2032 - Market by Application | Leisure Travel | 24.2% |
| Market Share by Country 2023 | Italy | 1.7% |
E-Passport Market Report Snapshots
E-Passport Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global e-passport market attained a value of nearly USD 39.82 billion.
The market is projected to grow at a CAGR of 23% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 256.61 billion by 2032.
The major drivers of the market include the need for faster and easier security checks, cost-effectiveness, advanced and developed infrastructure of the airports, growing air traffic, rising urbanisation, globalisation, technological advancements, and a rise in the number of passengers.
The rising identity thefts and frauds and the rising demand for increased security are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, Middle East and Africa, Europe, and Asia Pacific with Europe accounting for the largest share in the market.
The two types of e-passports are radio frequency identification and biometrics.
Leisure travel and business travel are the major application of the market.
The major players in the industry are CardLogix Corporation, Eastcompeace Technology Co., Ltd., Entrust Corporation, Thales Group, and HID Global Corporation, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124