E-Passport

Global E-Passport Market to Reach US$46.6 Billion by 2030

The global market for E-Passport estimated at US$24.6 Billion in the year 2024, is expected to reach US$46.6 Billion by 2030, growing at a CAGR of 11.2% over the analysis period 2024-2030. RFID Technology, one of the segments analyzed in the report, is expected to record a 10.8% CAGR and reach US$35.5 Billion by the end of the analysis period. Growth in the Biometrics Technology segment is estimated at 12.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.6 Billion While China is Forecast to Grow at 15.3% CAGR

The E-Passport market in the U.S. is estimated at US$6.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.0 Billion by the year 2030 trailing a CAGR of 15.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.3% and 9.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.8% CAGR.

Global E-Passport Market - Key Trends and Drivers Summarized

E-Passport: Enhancing Security and Efficiency in International Travel

E-passports, or biometric passports, are revolutionizing border security by integrating electronic chips that store biometric data, such as fingerprints, facial recognition, and iris scans. This data is used to verify the identity of travelers more accurately and efficiently than traditional passports, reducing the risk of identity fraud and enhancing national security. E-passports are equipped with security features that make them more resistant to forgery, and they can be read by automated border control systems, speeding up the processing time for travelers. As more countries adopt e-passports, they are becoming the standard for international travel, offering a higher level of security and convenience.

What Technological Advances Are Shaping the E-Passport Market?

The e-passport market is being shaped by several technological advances that enhance the security, functionality, and durability of these documents. One of the most significant advancements is the use of advanced cryptographic techniques to protect the data stored on the e-passport chip, ensuring that it cannot be tampered with or cloned. The integration of RFID (Radio Frequency Identification) technology allows for the wireless transmission of data, enabling faster and more secure identity verification at border checkpoints. Additionally, the development of biometric authentication technologies, such as facial recognition and iris scanning, is improving the accuracy and reliability of e-passport verification processes. The use of durable materials, such as polycarbonate, for the passport`s data page is also enhancing the lifespan and security of e-passports.

What Challenges Does the E-Passport Market Face?

Despite the benefits of e-passports, the market faces several challenges. One of the primary concerns is the high cost of implementing and maintaining e-passport systems, particularly for developing countries. The complexity of integrating e-passport systems with existing border control infrastructure and international standards is another challenge, requiring significant investment in technology and training. Additionally, there are concerns about the privacy and security of biometric data, as any breach could have serious implications for individuals and governments. The need for continuous updates to the e-passport`s security features to keep pace with evolving threats also presents a challenge for governments and manufacturers.

What Is Driving Growth in the E-Passport Market?

The growth in the e-passport market is driven by several factors. The increasing emphasis on border security and the need to combat identity fraud are major drivers, as e-passports offer a higher level of security and reliability than traditional passports. The growing adoption of e-passports by governments worldwide is also fueling market growth, as more countries implement e-passport systems to enhance their border control processes. Additionally, the rise in international travel and the need for faster and more efficient passenger processing at airports are driving the demand for e-passports. The continuous innovation in biometric authentication technologies and the development of more secure and durable e-passports are further contributing to the market`s expansion.

 

SCOPE OF STUDY:

The report analyzes the E-Passport market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (RFID Technology, Biometrics Technology); End-Use (Leisure Travel End-Use, Business Travel End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 35 Featured) -

• 4G Identity Solutions Pvt., Ltd.
• Austriacard Holdings AG
• CardLogix Corporation
• De La Rue PLC
• Dermalog Identification Systems GmbH
• Entrust Corporation
• Giesecke & Devrient GmbH
• HID Global Corporation
• IDEMIA
• IN Groupe

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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