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The e-passport market size is forecast to increase by USD 18.97 billion at a CAGR of 12.96% between 2023 and 2028. The market is witnessing significant growth due to increasing security concerns and the increased adoption of e-passports. These advanced travel documents incorporate biometric technologies such as RFID and digital signatures for enhanced security. Self-service kiosks and automated border control systems are becoming increasingly popular, reducing the need for manual passport checks and human involvement. However, the high initial investment costs associated with implementing these technologies pose a challenge for market growth. Global standardization and interoperability are crucial factors in the market, ensuring compatibility with international standards and data format. Encryption methods and biometric technologies play a vital role in ensuring the security and authenticity of e-passports.
Furthermore, the tourism industry's growth and the implementation of the Biometric Passport and Digital Passport are also driving market growth. Despite these advancements, human error and the need for human involvement in certain processes remain challenges. The market is expected to continue its growth trajectory, with innovations in basic access control and extended access control further enhancing the passenger experience.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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