Global E-Passports Market Is Expected To Reach At A CAGR Of 8.94% Between 2024 And 2032

Market Analysis

According to the report, the global e-passports market size was valued at approximately USD 26.32 billion in 2023 and is projected to reach around USD 56.87 billion by the end of 2032, expanding at a CAGR of approximately 8.94% from 2024 to 2032.

An e-passport or biometric passport consists of an electronic chip. It is an advanced form of travel document, i.e., a passport, that enhances security and reduces fraud. Travelers' use of e-passports is recognized digitally worldwide. E-passports are mainly to cut down the risks associated with data duplication and alteration.

A growing number of travelers to cross-border destinations is driving global growth in the e-passport market. For instance, according to Airports Council International estimates, air travel is expected to double between 2012 and 2030 and reach 11 billion travelers annually by 2030. ICAO regulations for criminals and terrorists, rising visa/consular outsourcing, rapid developments in airport infrastructure, and advances in biometric technologies are projected to fuel e-passport market growth worldwide in the coming years.

Data leakage threats and societal concerns regarding e-passports can limit adoption. High implementation costs, interoperability challenges, and regulatory compliance requirements also affect the speed of rollout.

E-Passports Market: Report Scope

The e-passports market is divided based on type, application, and region.

By type, the e-passport market is classified into long-term and short-term passports. Short-term passports held about 59% of the total market. The recurring up-gradation of these passports and the penetration of short-term passports in major developed European countries are anticipated to fuel short-term passport growth. Long-term passports are also expected to see high demand in the future.

By application, the e-passports market is bifurcated into individual use and commercial use. Commercial use is expected to dominate the market due to global company expansion, as companies send employees to different countries for their respective projects.

North America is projected to lead the e-passports market, supported by a mature IT industry, strong consumer preference for advanced travel technologies, and the presence of major providers. This leadership drives overall market growth by establishing high standards for security and efficiency, encouraging biometric and contactless innovation, and sustaining demand for advanced electronic passport systems.

Browse the full "E-Passports Market By Type (Short-Term, Long-Term), By Application (Individual Use, Commercial Use), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032." Report at https://www.zionmarketresearch.com/report/e-passports-market

E-Passports Market: Competitive Analysis

The key players in the global e-passports market are

• Atlantic Zeiser
• M2SYS
• Kona I
• Gemalto
• ASK
• PrimeKey
• Muhlbauer Group
• Arjo Systems
• 3M
• Netrust
• Austria Card
• Oberthur
• De La Rue
• Multos International
• Safelayer S.A.
• Edaps Overseas

Segments Covered

This report segments the global e-passports market into:

By Type 

• Short-Term
• Long-Term

By Application 

• Individual Use
• Commercial Use

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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