The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the e-passport market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analysing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.
Market Drivers
Increase in advanced verification means to detect identify frauds is considered as key driving factor which is expected to boost the global e-passport market growth. Also, presence of advanced airport infrastructure facilities will positively contribute the market growth. Moreover, increase in number of people travelling in the cross border destinations will propel the market growth. Also, increase in adoption of e-passport by developing nations which are expected to fuel the market growth in near future.
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Market Restraints
However, high cost associated with initial deployments and replacements are major challenging factors which are expected to hamper the global e-passport market growth during this analysis period.
Market segmentation
The global E-Passport Market is segmented into technology such as Radio Frequency Identification (RFID), and Biometrics. Further, market is segmented into application such as Leisure Travel, and Business Travel.
Also, Global E-Passport Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
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Market Key Players
Various key players are discussed in this report such as Gemalto N.V., Entrust Datacard Corporation, Mhlbauer Group, Infineon Technologies AG, HID Global Corporation, Eastcompeace Technology Co., Safran S.A., Eastcompeace Technology Co, and 4G Identity Solutions
Market Taxonomy
By Technology
- Radio Frequency Identification (RFID)
- Biometrics
By Application
- Leisure Travel
- Business Travel
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East Africa
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