The digital age has brought about a significant transformation in the way we travel, with online visas gaining immense popularity among travelers. The market for electronic visas (eVisas), electronic travel authorizations (eTAs), and e-passports is projected to witness a substantial growth rate of 8.2% over the next five years.

Accessible Visa Information at Your Fingertips

With the advent of the internet, visa information from around the world has become easily accessible online. Travelers now have the convenience of checking visa requirements and acquiring comprehensive details necessary to visit most countries, all with just a few clicks.

Convenience through Electronic Solutions

Numerous countries have embraced the concept of electronic visas and travel authorizations, streamlining the visa application process by allowing individuals to apply online. This digital approach enables potential visitors to plan and organize their trips entirely through the internet, eliminating the need for physical paperwork and lengthy procedures.

A Growing Market in the Digital Era

As the global travel industry aligns itself with the digital era, the demand for eVisas, eTAs, and ePassports continues to surge. The market's growth trajectory is expected to persist well into the future, reflecting the increasing trend of online visas and the digitalization of traveler information.

Stay connected to the evolving world of online visas, and embrace the simplicity and efficiency they offer in an increasingly digitalized world.

The Rising Popularity of eVisas: Exploring the Growing Market for Electronic Travel Authorization

Electronic visas and travel authorizations are gaining significant traction in the travel industry for several compelling reasons.

1. Convenient Online Application Process

One of the main advantages of eVisas is the ability to apply for them online. This convenience is highly valued by consumers. In contrast, obtaining traditional consular visas requires physical visits to embassies, often located in capital cities. These trips can be time-consuming and expensive.

2. Elimination of Interviews and Additional Stress

Consular visas often entail an interview process, adding another potential hurdle for travelers. In contrast, eVisa applicants can complete the entire process from the comfort of their homes or offices, eliminating the need for embassy visits or interviews. This streamlined approach reduces stress and enhances the overall experience.

3. Simpler and Faster Application Forms

The online application forms for eVisas tend to be simpler and quicker to complete compared to their consular visa counterparts. The user-friendly nature of eVisa applications enhances efficiency and ensures a smoother process for travelers.

4. Benefits for Immigration Authorities

Many countries' immigration authorities are keen to introduce and popularize eVisas due to the significant benefits they offer. The simplicity of the online application process encourages tourism, while the digitization of traveler data enhances security measures. By screening this information against international databases and watchlists, potential risks can be identified and incidents prevented.

5. Growth in ePassports Sector

The related sector of ePassports is also experiencing remarkable growth. This is primarily due to the enhanced security offered by passports equipped with biometric data and electronic chips. As a result, companies specializing in ePassport and eVisa technologies are witnessing an expansion in their market.

With these advantages in mind, an increasing number of countries are investing in eVisa technology, and more travelers are embracing this streamlined approach to simplify and facilitate their journeys.

Emerging Trends: ePassports and eVisas Gain Momentum in Global Travel

The e-Passport and e-Visa market has been steadily expanding, and recent research indicates that the growth and opportunities in this sector will be particularly significant between 2020 and 2026. The Asia Pacific (APAC) region, including countries such as China, Japan, and India, is expected to experience the most substantial growth in this market.

Key Players in ePassports and eVisas

Several prominent manufacturers of ePassports and eVisas have been identified in the research report. These companies and organizations play a crucial role in shaping the industry:

1. Gemalto
2. Shanghai Mite Speciality and Precision Printing
3. India Security Press
4. Beijing Jinchen Cvic Security Printing
5. Bundesdruckerei
6. Japan National Printing Bureau
7. Goznak
8. Casa da Moeda do Brasil
9. Canadian Bank Note
10. Royal Mint of Spain
11. Polish Security Printing Works
12. Istituto Poligrafico e Zecca dello Stato
13. Iris Corporation Berhad
14. Semlex Group
15. Veridos
16. Morpho

Among these players, Gemalto emerged as the dominant force in global ePassport and eVisa sales, commanding a market share of 30.97% in 2017. Shanghai Mite Speciality and Precision Printing and India Security Press also held significant positions, with market shares of 17.45% and 12.79%, respectively.

Projected Market Expansion

The market for ePassports and eVisas is expected to witness substantial growth in the coming years. By 2023, the global market size is predicted to reach US$12,600 million, a significant increase from the US$7,880 million recorded in 2017. This expansion reflects the growing demand and adoption of electronic travel authorization worldwide.

Overall, the e-Passport and e-Visa market is poised for a promising future, driven by advancements in technology and the increasing need for secure and efficient travel documentation.