ePassports and eID Cards Market worth USD 5,18,880.40 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "ePassports and eID Cards Market by Type (Ordinary E-passport, Service & Diplomatic E-Passport, eID Cards), by Application (Adult, Child), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global ePassports and eID cards market size is expected to grow from USD 58,752.52 million in 2022 to USD 5,18,880.40 million by 2033, at a CAGR of 21.9% from 2023 to 2033.

The ePassports and eID cards market consists of sales of ePassports and eID cards services by entities (organizations, sole traders, and partnerships). The major factors such as the development of government initiatives, such as smart infrastructure, digital identity-based driver’s license and increasing integration of various technologies industry across the world. Moreover, various governments have expanded IT spending to support public welfare and CRM activities. Governments all over the world are working to equip residents with digital tools to make data management easier. This has created a lot of opportunities in the market over the forecasting period. On the other hand, lack of awareness and data security has hindered the market growth over the forecasting period.

Global ePassports and eID Cards Market Segmentation

The overall ePassports and eID cards market has been segmented into type, application, and region.

• By Type (Ordinary E-passport, Service & Diplomatic E-Passport, eID Cards)
• By Application (Adult, Child)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

eID cards segment is at the highest CAGR during the forecast period

eID cards segment is expected to grow at the highest CAGR during the forthcoming period. Electronic national ID cards (aka eID cards) have been introduced in numerous countries worldwide. Furthermore, they are being utilized with ever-growing enthusiasm by their citizens. With the new Civil ID, any citizen can access electronic social security services, using their eID as the primary authentication tool at a new network self-service kiosk. This reasons has boosted this segment over the forecasting period.

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The Asia Pacific to account for the highest CAGR during the forecast period

Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to increased demand among developing countries, an increase in favorable government policies regarding e-passport across the region, and the implementation of e-passport smart gates at airports in various developing countries.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the ePassports and eID cards market. It also consists of the profiles of leading companies such as Thales Group (Gemalto), Veridos, Idemia (Morpho), India Security Press, Bundesdruckerei, Japan National Printing Bureau, Goznak, Masktech, Casa da Moeda do Brasil, Canadian Bank Note, Royal Mint of Spain, Polish Security Printing Works, Istituto Poligrafico e Zecca dello Stato, Iris Corporation Berhad and Semlex Group. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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