Global Electronic Identification(eID) Market by Type (Radio Frequency Card, IC Card, Other), By Application (Transportation, Contactless Bank Cards, Identification, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global electronic identification (eID) market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for contactless bank cards, transportation, and identification applications across the globe. In addition, the growing need for secure and efficient authentication systems is also fueling the growth of the eID market. The radio frequency card segment accounted for a major share of the global eID market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to its high adoption in contactless bank cards and transportation applications.



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Product Definition:

An electronic identification (eID) is an electronic means of identifying a person or thing. eIDs are used in many areas, such as online banking, secure email and digital signatures. The importance of eIDs lies in the fact that they provide a more secure way to identify people and things than traditional methods, such as passwords and signatures.

Radio Frequency Card:

Radio frequency card is a smart card-sized device containing an integrated circuit, which allows the user to send and receive data using radio frequencies. The RFID technology uses electromagnetic fields to transfer information from the tag attached to an object through wireless communication. It offers several advantages such as high speed, ease of use in comparison with traditional barcode systems and others.

IC Card:

An IC card is a smart card used for electronic identification purposes. It is an integrated circuit, which consists of a microprocessor and an antenna that helps in storing information on the chip. The information stored includes personal data such as name, gender, date of birth along with biometric data consisting of fingerprint or iris scan.

The e-Government initiatives taken by various countries across the globe are expected to be one of the key factors driving market growth over the forecast period.

Application Insights:

The identification segment dominated the global market in 2017. The increasing use of e-passports for travel and tourism has driven the growth of this segment. Moreover, growing concerns about data breaches and identity theft have propelled demand for secure authentication solutions such as e-ID across government initiatives, banking institutions, and other organizations.

The transportation application is expected to witness significant growth over the forecast period owing to its usage in air travelers¢â‚¬â„¢ ID cards (ATC) and railway passengers¢â‚¬â„¢ ID cards (RPIC). The European Commission has mandated member states to ensure that all air travelers are issued with an ATC by 2020. Furthermore, it is mandatory for EU countries that participate in Schengen Area visa waiver program to issue an RPIC to all passport holders traveling within two weeks of their arrival date.

Regional Analysis:

North America dominated the global market in 2017. The U.S., in particular, is a lucrative regional market due to the presence of numerous players and increased adoption of advanced technologies such as near-field communication (NFC) and contactless payment technology. Europe accounted for more than 25% share of the overall revenue in 2017 owing to high demand from various application industries such as transportation, healthcare, government services, banking & financial services and others.

Asia Pacific region is expected to witness significant growth over the forecast period owing to increasing government initiatives for implementation of e-passports/e-driving licenses coupled with rising disposable income among middle class population groups especially in China and India.

Growth Factors:

Increasing demand for secure and convenient authentication methods for online transactions.
Proliferation of connected devices and the Internet of Things (IoT) is creating new opportunities for eID solutions.
Government initiatives to promote eID adoption in order to improve security and reduce identity fraud.
Growing demand from the corporate sector for secure authentication solutions to protect against data breaches and cyber attacks.
The increasing popularity of mobile devices is providing a boost to the market for eID solutions that can be used on smartphones and other portable devices


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Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Identification(eID) Market Research Report
By Type
Radio Frequency Card, IC Card, Other
By Application
Transportation, Contactless Bank Cards, Identification, Other
By Companies
Gemalto, Bundesdruckerei, Goznak, Giesecke & Devrient, Iris Corporation Berhad, Semlex Group, Veridos, Morpho, NXP, Infineon Technologies, HID Global, IDEXPERTS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.

Global Electronic Identification(eID) Market Report Segments:
The global Electronic Identification(eID) market is segmented on the basis of:
Types
Radio Frequency Card, IC Card, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Contactless Bank Cards, Identification, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Gemalto
Bundesdruckerei
Goznak
Giesecke & Devrient
Iris Corporation Berhad
Semlex Group
Veridos
Morpho
NXP
Infineon Technologies
HID Global
IDEXPERTS



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Highlights of The Electronic Identification(eID) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Radio Frequency Card
IC Card
Other
By Application:
Transportation
Contactless Bank Cards
Identification
Other
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electronic Identification(eID) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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