Authored By: Sarah
01 Jun 2021

E-Passport Market Size to Grow by $ 12.10 bn through 2021-2025

The e-passport market is expected to grow by $ 12.10 bn, accelerating at a CAGR of almost 12% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

E-Passport Market: Receive Free Sample Report

E-Passport Market: Segmentation by Component

This report provides a detailed analysis of the market by Component (Software, Hardware, and Services) and Geography (Europe, APAC, North America, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

E-Passport Market Size to Grow by $ 12.10 bn through 2021-2025 | Leading Segments and Market Trends

E-Passport Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ASSA ABLOY AB, CardLogix Corp., De La Rue Plc, Entrust Datacard Corp., Giesecke + Devrient GmbH, IDEMIA France SAS, Infineon Technologies AG, Mühlbauer GmbH & Co. KG, NXP Semiconductors NV, and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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