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Gemalto, Morpho, Oberthur, G&D dominating e-passport market: research

 

The global market for e-passports is set to grow at a CAGR of 32.5% over the period of 2012-2016, according to new research published by TechNavio.

The report, Global e-passport Market 2012-2016, notes that one of the key factors contributing to this growth is increased government regulations. However, the report also indicates that high implementation costs of e-passports could pose a challenge to this growth.

According to the report, vendors dominating this space include GemaltoGiesecke and DevrientMorpho and Oberthur Technologies.

Biometric data is increasingly a part of e-passports – often as embedded fingerprints and facial images.

e-Passports are also seen as a major driver to the global biometrtics market. According to separate research, revenue for the global biometrics market is anticipated to reach $20 million by 2018, and national identity programs and biometric passports are major growth drivers for the industry. 

Based on a recent Steria survey, more than half of Europeans support biometric systems for ID documents or ePassports.

According to a SecureIDNews report from 2012, 93 out of 193 U.N member states were issuing e-passports at the time, with 21 additional countries ready to deploy the technology in the next 2 years.

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