Global Market for Personal ID Technologies to reach €7.5 billion in 2014
08 February 2010
Leatherhead, UK, 8 February, 2009. Showing a healthy CAGR value of 11.7% in the 2009-14 period, the global market for personal ID technologies is forecast to reach €7.5 billion in 2014, according to a new study by Pira International. Side by side, the global security printing market for ID documents has also shown significant growth despite the current economic crisis, and is projected to reach an estimated €4.2 billion in 2009, from a market value of €3.5 billion in 2007.
This growth in the global security printing market for ID documents is largely due to international pressure to implement e-passports worldwide, the recession-proof nature of the ID document market and government programmes. An increased market value of ID documents, continued growth in the global credit card market due to increased sales from emerging markets such as China and the introduction of EMV standards and contactless credit cards are also key factors.
Based on primary research and expert analysis, The Future of Personal Identification breaks down the global ID market by security technology, identity products, end-use markets and geographies, with five-year forecasts of changing market dynamics to 2014. The study also provides an up-to-date overview of key drivers and trends affecting the personal ID market and provides a vivid description of the personal identity technology landscape, which consists of the main technology drivers, international standards and an analysis of the prime enabling technologies.
The main purpose of an identification scheme is to accurately determine a person's ID - at all places and times. Based on a positive comparison between the document holder and the ID document (the token of ID), the person can then be authorised to request or receive services or gain access to a specified area (e.g. drive, travel, gain access to government and commercial services, etc).
According to the study, the key trends and drivers for the global personal ID documents and credit cards market have been the current global economic and financial situation, growth of world population, air travel and the interoperability of identity schemes. The main market opportunities identified for the industry include the following:
- In most countries, ID cards or driving licences have to be renewed regularly.
- Not all countries have issued e-passports as yet.
- The EU's aim to deploy a pan-European harmonised and secure credit card-shaped driving licence and an EU-compatible standardised e-ID card.
- The US Real ID Act, and the Western Hemisphere Travel Initiative (WHTI).
- Keeping a close watch on standardisation and market developments.
With regard to the security technology market, the Future of Personal Identification states that technological development is expected to occur over a number of fronts in future(rather than in one dominant technology), with smart cards and biometrics being the most prominent growth areas. The other key security technologies currently available are security paper, plastic cards and polycarbonate, security inks, holograms, barcodes and RFID.
Identification of competing technologies is crucial to the ID technology industry. In the past, when new security technology products were developed, they often posed a threat to technology products from other sectors. This is now no longer the practice because, with the advent of new e-documents, security devices have been mostly added to the end product rather than one security technology replacing another.
In terms of end-use applications, ID cards show the highest growth potential, with new, sophisticated and expensive ID schemes (government and corporate) being increasingly implemented worldwide. Other end-use applications mentioned in the study are passports, driving licenses, visas, health cards and electoral registration systems, while the end-use sectors consist of the government sector (which continues to have the highest demand over the 2009-14 period), finance, travel, corporations and healthcare.
With regard to the geographical markets, Asia-Pacific is expected to account for the largest share of the biometrics market. The Western European market has also witnessed significant value growth over the past five years, with all the EU15 countries now issuing the more expensive biometric passports. In addition, the i2010 initiative is also driving market growth in the region. While ID cards will spearhead growth in the eastern European market, North America will show lower growth than expected because of the economic crisis, the US problems in implementing the Real ID Act, and a relatively lower passport issuance rate.
South America, on the other hand, seems keen to embrace the latest standards in terms of biometrics and smart card technology. The market for passports and ID cards for the rest of the world (which includes Africa, the Middle East and the Caribbean) would also grow at a faster rate compared to other geographic regions.
The Future of Personal Identification is available now for £3,500. For more information, please contact Stephen Hill on +44 (0) 1372 802025, or via e-mail on stephen.hill@pira-international.com
Press contact: For editorial queries, details of the report or an expanded article please contact: Rebecca Leigh +44(0)1372 802207 rebecca.leigh@pira-international.com
Pira International
Pira International - the worldwide authority on packaging, paper and print industry supply chains
Established in 1930, Pira provides market research, strategic and technical consulting, testing, publications and events to help clients understand market trends, identify opportunities, evaluate product performance, meet compliance requirements, network and develop strategies to grow their