| Product Code: ETC7369502 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Grenada continued to rely on key exporting countries like the USA, Trinidad and Tobago, UK, Barbados, and China for electronic passports in 2024, showcasing a high market concentration with a high Herfindahl-Hirschman Index (HHI). The industry experienced strong growth with a notable Compound Annual Growth Rate (CAGR) of 12.39% from 2020 to 2024. The growth momentum further accelerated in 2024 with a growth rate of 16.48% compared to the previous year, indicating a robust demand for electronic passports in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Electronic Passports Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electronic Passports Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electronic Passports Market - Industry Life Cycle |
3.4 Grenada Electronic Passports Market - Porter's Five Forces |
3.5 Grenada Electronic Passports Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Electronic Passports Market Revenues & Volume Share, By Security, 2021 & 2031F |
3.7 Grenada Electronic Passports Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Grenada Electronic Passports Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.9 Grenada Electronic Passports Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Grenada Electronic Passports Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Grenada Electronic Passports Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Grenada Electronic Passports Market Trends |
6 Grenada Electronic Passports Market, By Types |
6.1 Grenada Electronic Passports Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electronic Passports Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Grenada Electronic Passports Market Revenues & Volume, By Radio Frequency, 2021- 2031F |
6.1.4 Grenada Electronic Passports Market Revenues & Volume, By Identfication (RFID), 2021- 2031F |
6.1.5 Grenada Electronic Passports Market Revenues & Volume, By Biometrics, 2021- 2031F |
6.2 Grenada Electronic Passports Market, By Security |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electronic Passports Market Revenues & Volume, By Basic Access Control (BAC), 2021- 2031F |
6.2.3 Grenada Electronic Passports Market Revenues & Volume, By Password Authenticated Connection Establishment (PACE), 2021- 2031F |
6.2.4 Grenada Electronic Passports Market Revenues & Volume, By Supplemental Access Control (SAC), 2021- 2031F |
6.2.5 Grenada Electronic Passports Market Revenues & Volume, By Extended Access Control (EAC), 2021- 2031F |
6.3 Grenada Electronic Passports Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Grenada Electronic Passports Market Revenues & Volume, By Ordinary E-Passports, 2021- 2031F |
6.3.3 Grenada Electronic Passports Market Revenues & Volume, By Servicess and Diplomatic E-Passport, 2021- 2031F |
6.4 Grenada Electronic Passports Market, By Component |
6.4.1 Overview and Analysis |
6.4.2 Grenada Electronic Passports Market Revenues & Volume, By Software, 2021- 2031F |
6.4.3 Grenada Electronic Passports Market Revenues & Volume, By Hardware, 2021- 2031F |
6.4.4 Grenada Electronic Passports Market Revenues & Volume, By Services, 2021- 2031F |
6.5 Grenada Electronic Passports Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Grenada Electronic Passports Market Revenues & Volume, By Business Travel, 2021- 2031F |
6.5.3 Grenada Electronic Passports Market Revenues & Volume, By Leisure Travel, 2021- 2031F |
6.6 Grenada Electronic Passports Market, By End-user |
6.6.1 Overview and Analysis |
6.6.2 Grenada Electronic Passports Market Revenues & Volume, By Adult, 2021- 2031F |
6.6.3 Grenada Electronic Passports Market Revenues & Volume, By Child, 2021- 2031F |
7 Grenada Electronic Passports Market Import-Export Trade Statistics |
7.1 Grenada Electronic Passports Market Export to Major Countries |
7.2 Grenada Electronic Passports Market Imports from Major Countries |
8 Grenada Electronic Passports Market Key Performance Indicators |
9 Grenada Electronic Passports Market - Opportunity Assessment |
9.1 Grenada Electronic Passports Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Electronic Passports Market Opportunity Assessment, By Security, 2021 & 2031F |
9.3 Grenada Electronic Passports Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Grenada Electronic Passports Market Opportunity Assessment, By Component, 2021 & 2031F |
9.5 Grenada Electronic Passports Market Opportunity Assessment, By Application, 2021 & 2031F |
9.6 Grenada Electronic Passports Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Grenada Electronic Passports Market - Competitive Landscape |
10.1 Grenada Electronic Passports Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electronic Passports Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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