During 2020-2024 e-passport market size will grow by USD 27.56 almost at a CAGR of almost 20%.
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APAC will provide significant growth opportunities to vendors. During the forecast period the region will account for 56% of the market’s growth.
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Growth in the market will be driven by factors such as the increasing number of fake passports. The growing demand for multimodal biometrics will also have a significant influence on the growth of the e-passport market during the forecast period.
Though the market will offer several growth opportunities, factors such as failure to verify digital signature on e-passports will also challenge the growth of the market participants.
ASSA ABLOY AB, De La Rue Plc, Entrust Datacard Corp., and Giesecke + Devrient GmbH are some of the key e-passport market vendors.
The report provides an analysis of the market’s competitive landscape, the strategies adopted by companies to increase their market share, and the key products or services they provide. The report also analyzes the market based on segmentations such as Component (Software, Hardware, and Services) and Geography (Europe, APAC, North America, South America, and MEA). To improve their market positions, the vendors should focus more on the fast-growing segments.
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