The global market for electronic passports is rapidly expanding, and it is predicted to reach 211.5 billion USD by 2031.
The global electronic passport market is experiencing unprecedented rapid growth, with revenues reported at approximately 28.8 billion USD in 2022. According to industry forecasts, this remarkable growth trajectory is expected to continue, with the market projected to reach an astonishing size of 211.5 billion USD by 2031. This robust expansion is supported by an extraordinary compound annual growth rate (CAGR) of 24.8% during the forecast period from 2023 to 2031. E-passports, also known as electronic passports, symbolize the cutting-edge evolution of travel documents. These advanced passports utilize electronic technology to enhance security measures and streamline immigration procedures. At the heart of the electronic passport is a microchip that securely stores critical biometric information, such as facial recognition data, fingerprints, digital photographs, and personal information of the passport holder. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Overview of Segmentation The global electronic passport market is classified based on technology, application, and region. By Technology Radio Frequency Identification (RFID) Biometrics By Application Leisure Travel Business Travel Key Companies: Thales Group HID Global Corporation Infineon Technologies AG 3M Safran CardLogix Corporation Muhlbauer Group 4G Identity Solutions Entrust Corporation Eastcompeace Technology Co Ltd
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