Biometric Passport Market -Snapshot
A biometric passport, otherwise called an E-passport, or an electronic passport, is a joined paper and electronic passport consisting of biometric data that can be utilized to confirm the character of voyagers. It utilizes contactless brilliant card innovation, including a microchip chip and receiving wire inserted toward the front or back cover, or focus page, of the passport. The presence of cutting edge technology helps travelers to offer a distinguishing proof of their whereabouts to lessen the waiting time, thereby augmenting the growth of the global biometric passports market in the coming years. These biometric highlights were perceived by The International Civil Aviation Organization (ICAO) subsequent to looking at numerous other biometrics including retinal and unique mark checks.
The easiest method to tell if your passport is biometric is by taking a gander at the cover. Assuming there's a little, gold camera logo at the base, it's biometric. Something else, the innovation held inside a biometric passport has become so progressed and the segments so little that you can't feel any irregularities or edges whatsoever. Electronic chips should be validated by open key framework (PKI) which makes it amazingly troublesome and costly to manufacture a biometric passport and means they are incredibly secure (if all security systems are accurately and completely executed). With the presentation of biometric passports, extortion will be simpler to identify at line designated spots.
Biometric Passport: Introduction
- A biometric passport has specially designed passport pages that contain data chip, and complex watermarks.
- Biometric passports are used to identify personal data over a passport PIN or photo as it uses personal characters such as eye maps, facial attributes, and fingerprints as primary credential features.
- These biometric features were recognized by The International Civil Aviation Organization (ICAO) after examining multiple other biometrics including retinal and fingerprint scans.
- Biometric passports are segmented by type (facial recognition, fingerprint recognition, iris recognition, others), by application (leisure travel, business travel), and region.
Rise in Demand from the Business Travel Segment
- The business travel segment is expected to be the fastest growing segment of the biometric passport market during the forecast period.
- Increasing advanced verification means to detect identity frauds, presence of advanced airport infrastructure facilities, and adoption of e-passport, is projected to boost the growth of the global biometric passport market during the forecast period.
- Moreover, presence of advanced infrastructure facilitates easy passenger identification to reduce the waiting time of passengers, which is expected to boost the demand for biometric passports during the forecast period.
- Furthermore, continuous growth in number of people traveling to cross-border destinations due to business reasons propels the demand for biometric passports
- Some of the major restraints of the biometric passport market are the high deployment cost, data security concerns, and lack of technical know-how.
North America to Lead the Biometric Passport Market
- In terms of region, the global biometric passport market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- North America is anticipated to witness the fastest growth in the global biometric passport market throughout the forecast period, as a large number of manufacturers of biometric passports operate in the region.
- The United States and Canada are major contributors to the growth of the biometric passport market in the North America region.
- Furthermore, the large presence of BFSI, regulatory agencies, smart city projects, and initiatives from governments in various countries in the region boosts the demand for biometric passports.
- The biometric passport market in Europe is expected to expand at a substantial rate during the forecast period as developers in European countries are focusing on adopting new technologies. On the other hand, the market in Asia Pacific, Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.
Key Players Operating in the Global Biometric Passport Market
The global biometric passport market was highly fragmented in 2021. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for biometric passports.
Key players operating in the global biometric passport market include:
- Cognitec Systems GmbH
- Cross Match Technologies
- Fujitsu Ltd.
- Facebanx
- Secunet Security Networks AG
- Thales SA Gemalto N.V.
- Mühlbauer Group
- Entrust Datacard Corporation
- 4G Identity Solution
- Eastcompeace Technology Co.
- Safran S.A.
- IDEMIA LLC.
Global Biometric Passport Market: Research Scope
Global Biometric Passport Market, by Type
- Facial Recognition
- Fingerprint Recognition
- Iris Recognition
- Others
Global Biometric Passport Market, by Application
- Leisure Travel
- Business Travel
Global Biometric Passport Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
