According to #technavio, growing demand for #epassports and national ID cards will result in exponential growth in the Chinese biometrics market, leading to a projected compound annual growth rate (CAGR) of 14.8 percent from 2015-2019.
With countries aiming to replace existing travel documents with electronic passports, otherwise known as ePassports, TechNavio projects fast growth in demand for the highly secure, interoperable international travel document, that incorporates fast and reliable identity authentication with biometric verification.
An ePassport is the same as a traditional passport book with the addition of a small, embedded integrated circuit or chip. The chip stores the same data visually displayed on the data page of the passport, as well as the passport holder’s picture stored in digital form. An ePassport also contains a unique chip identification number and a digital signature to detect data alteration and verify signing authority. The document also can store additional data in the chip, as defined by specific issuing governments.