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Stamping down on the global e-passport market

Stamping down on the global e-passport market

There's a growing shift away from paper passports to electronic passports. Known as e-passports, they offer a more secure means of verifying and authenticating a traveler's identity.

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An e-passport, also known as a biometric passport or digital passport, it a special type of passport that features an electronic chip containing the traveler's identity. It uses contactless smart card technology, along with a microprocessor chip and antenna. Sensitive data is printed on the data page of the passport and stored within the chip. E-passports use a public key infrastructure (PKI) to authenticate data.

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Passport fraud is a growing problem, both here in the U.S. and abroad. Criminals and nefarious individuals often counterfeit travelers' passport to steal their identity. As such, it often leads to other forms of crime, which is why so many governments are switching to e-passports. An e-passport still contains paper, though it also contains an electronic chip, which is where the data is stored.

The Global E-Passport Market Size, Status and Forecast 2022 report by Reportstack provides an in-depth look into the world's e-passport market, complete with forecast data through 2022. It focuses on the market's top players in regions such as the U.S., Canada, U.K., Japan, Germany and France, all while revealing their respective product prices, revenue, cost structure, import/export, growth rate, and more. The report also shows recent developments that are happening within the Global e-passport market. Whether you work in the e-passport market or are simply a consumer of such products, you should consider accessing this report.

According to the Global e-Passport Market 2017-2021 report by Big Market Research, the global e-passport market is expected to grow at a compound annual growth rate (CAGR) of approximately 26.31% through the forecast period. Covering both current scenarios and future prospective scenarios, this comprehensive study provides detailed insight into the world's e-passport market. As explained in this report, e-passports are used for the same purpose of traditional passports: to verify a traveler's identity. However, e-passports use advanced technology to store a traveler's personal information, typically via a smart chip with a unique identification number and digital signature.

One of the market drivers cited for the e-passport market's projected growth is enhanced security. When compared to paper passports, e-passports are more secure with a lower risk of being duplicated or altered. This is because all data within an e-passport is stored on a chip, and this chip is authenticated using a public key infrastructure (PKI) to protect against fraudulent activities.

Some of the key global e-passport vendors profiled in this report include Gemalto, Giesecke & Devrient, Infineon Technologies, Safran Identity & Security, Oberthur Technologies, 4G Identity Solutions, ASK, CardLogic and many others.

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Paul Hosking - Market Research NewsPaul Hosking
Category: New MediaCompany profile: Paul Hosking, founder of WhaTech writes from his experience with Market Research Reports. Sharing the latest and most interesting reports. Giving investors the "heads up" on what's next!