Global e-Passport Market to Grow at a CAGR of 26.3% by 2021 - Increase in Number of Air Passengers Globally - Research and Markets

DUBLIN, Mar 29, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global e-Passport Market 2017-2021" report to their offering.

The global e-passport market to grow at a CAGR of 26.31% during the period 2017-2021.

The report, Global e-Passport Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is rising awareness of e-passport as a secure travel document. The e-passport is a far more secure travel document than a traditional paper passport. It is an additional method of authenticating the inted information with a sealed electronic copy. It is virtually impossible to counterfeit an e-passport because the authentic digital seal on the electronic data can't be duplicated. In addition, any alteration of the chip information breaks the seal. Hence, border agents can easily detect any tampering of information. In the case of stolen documents, an individual's passport photograph could be replaced by a fraudulent one on the inted data page. However, the digital copy of the photograph on the chip can't be changed without detection.

According to the report, one driver in market is increase in number of air passengers. About 7% increase in terms of Revenue Passenger Kilometers (RPK) has been observed in 2016. In addition, the frequency of flights operating has increased to meet the growing demand. RPK is the measure of traffic for an airline. It is calculated by multiplying the number of revenue-paying passengers aboard the vehicle by the distance traveled. Governments worldwide are investing in construction, expansion, and revamping of airports to accommodate the growing number of airlines and commuters. In the Middle East, governments are also making investments in mega events such as the Dubai Expo 2020 in the UAE and the FIFA World Cup 2022 in Qatar.

Key vendors

• Gemalto
• Giesecke & Devrient
• Infineon Technologies
• Safran Identity & Security
• Oberthur Technologies
  

Other prominent vendors

• 4G Identity Solutions
• ASK
• CardLogic
• DataCard
• HID Global
• IRIS
• Mühlbauer Group
  

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market description

PART 06: Market landscape

PART 07: Market segmentation by application

PART 08: Geographical segmentation

PART 09: Key leading countries

PART 10: Decision framework

PART 11: Drivers and challenges

PART 12: Market trends

PART 13: Five forces analysis

PART 14: Vendor landscape

PART 15: Key vendor analysis

PART 16: Other prominent vendors

PART 17: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/zcjfhs/global_epassport

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SOURCE Research and Markets