The global E-passport and E-visa market size reached US$ 26.2 Billion in 2022, and is expected to reach US$ 57.9 Billion by 2029, exhibiting a growth rate (CAGR) of 13.7% during 2023-2029.
E-passports and E-visas are digital documents that use a unique identification number and a digital signature to validate a traveler's identity. These are the cutting-edge digital approaches being employed to strengthen the security system and lower fraud. The target audience's demand for electronic passports and visas makes them more secure than their conventional counterparts since they stop data duplication and tampering. The information related to an e-Visa is kept on a computer, and the passport number is connected to the computer that holds the data.
The Global “E-passport and E-visa Market” research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2029. This report also contains the general and in-depth study of the E-passport and E-visa market with all its aspects influencing the growth of the market. The purpose of the Market survey report is to thoroughly evaluate the current market scenario and gain a review about the E-passport and E-visa Market and its commercial possibilities. As a consequence of the Russia-Ukraine War and COVID-19, the world economy will recover, and generate a lot of revenue till 2029.
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Key Players Mentioned in the E-passport and E-visa Market Research Report:
Gemalto, Shanghai Mite Speciality & Precision Printing, India Security Press, Beijing Jinchen Cvic Security Printing, Bundesdruckerei, Japan National Printing Bureau, Goznak, Casa da Moeda do Brasil, Canadian Bank Note, Royal Mint of Spain, Polish Security Printing Works, Istituto Poligrafico e Zecca dello Stato, Iris Corporation Berhad, Semlex Group, Veridos, Morpho
Market Growth Factors:
The key factor driving the growth of the e-passport market trends include rise in advanced verification technology to detect identity frauds and presence of advanced airport infrastructure among developing nations are some the important factors that propel the e-passport market across the globe. In addition, increase in number of people traveling to cross-border destinations propels growth of the global e-passport market. However, high implementation cost restricts the growth of the market. On the contrary, increase in adoption of wireless communication technology among the travel industry is expected to offer remunerative opportunities for expansion of the global market during the forecast period.
On The Basis of Types: -
Ordinary E-passport
Service and Diplomatic E-Passport
On The Basis of Application: -
Adult
Child
The regions are further sub-divided into:
- North America (US, Mexico, Canada)
- Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore)
- South America (Brazil, Argentina, Peru, Chile)
- Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)
Russia-Ukraine War Impact 2023: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the Market.
“The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this Market’s growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the Market during the war."
The impact of the E-passport and E-visa Market report:
- Comprehensive assessment of all opportunities and risk in the E-passport and E-visa Market.
- E-passport and E-visa Market recent innovations and major events.
- Detailed study of business strategies for growth of the E-passport and E-visa Market-leading players.
- Conclusive study about the growth plot of E-passport and E-visa Market for forthcoming years.
- In-depth understanding of E-passport and E-visa Market-particular drivers, constraints and major micro industries.
- Favourable impression inside vital technological and Market latest trends striking the E-passport and E-visa Market.
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Key Takeaways from E-passport and E-visa Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different market verticals
─Understand the different dynamics influencing the E-passport and E-visa market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – E-passport and E-visa market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the market supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the E-passport and E-visa.
The survey covers historical data from 2018 to 2023 and predictions through 2029, making it a priceless tool for business leaders, marketing, sales, and product managers, consultants, analysts, and stakeholders searching for essential Market data in easily accessible documents with logically laid out tables and graphs.
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