The E-passport and E-visa Market: Enabling Seamless Travel Through Digitalization

The E-passport and E-visa market industry is projected to grow from USD26.6813 Billion in 2023 to USD 43.49838 billion by 2032. E-passports and e-visas are transforming identity verification and immigration processes using biometric technology to ensure greater security and convenience for travelers.

Market Overview E-passports contain an embedded electronic chip that stores biographic and biometric data of the passport holder. E-visas are the electronic version of traditional paper visas provided via email or website link. Leading solutions leverage biometrics for identity corroboration throughout the travel process. Automated checks enabled by e-passports and e-visas help enhance border security while facilitating seamless travel.

Key Market Segments The e-passport and e-visa market is segmented on the basis of type, application, security, technology, and region:

• By type, the market is bifurcated into e-passports and e-visa services. E-visa services accounted for the largest revenue share in 2022.
• Based on application, the market is divided into leisure travel and business travel segments. Leisure travel held the dominant market share in 2022.
• On the basis of security, the market is classified into BAC, AA, EAC segments where BAC accounted for majority share.
• Key technologies used are RFID and biometrics. RFID technology contributed to the largest market share in 2022.
• Region-wise, Europe held the largest share in 2022 followed by North America and APAC.

Factors Driving Market Growth

• Growing focus of governments on digitizing visa and immigration procedures for better monitoring and security is driving e-passport and e-visa adoption.
• Technological advancements in electronic chips, biometrics, QR codes, and blockchain spur market growth.
• Rising global tourism, business travel, student mobility, and travel documentation requirements propel market expansion.

Major Players Key companies offering e-passport and e-visa solutions include Cognitec, Securiport, Muhlbauer Group, 4G Identity Solutions, Tascent Inc., Modi Modular Digits GmbH, IDEMIA France SAS, Dermalog, and Thales Group. Strategic partnerships, mergers & acquisitions, and new product development are focus areas.

Regional Insights Europe held the leading share in 2022 owing to early adoption of biometric e-passports by EU countries. North America will witness robust growth spurred by increasing rollout of e-visa programs for tourists. Higher adoption expected in APAC countries like China, Japan and India further propels industry expansion.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) on E-passport and E-visa Market

Recent Market Developments

• January 2023 - Hungary selected Veridos to supply highly secure second generation e-passports embedded with biometric identification technology.
• November 2022 – VFS Global partnered with IDEMIA to provide an eVisa application platform integrated with biometric enrollment systems.
• September 2022 - Securiport raised $15 million in Series B funding to expand its biometrics-based, touchless travel platform.

Increasing security vulnerabilities highlight the need for sophisticated digital identity verification in travel. With more countries introducing e-passports and visas, leading players are strengthening capabilities in seamless biometric authentication and document verification to enable faster immigration. The industry outlook remains positive driven by technology innovation and travel mobility.

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