Biometric Technology Market (By Authentication Type: Single-Factor Authentication, Multi-Factor Authentication; By Component: Hardware, Software; By Type: Contact-Based, Contact-less, Hybrid; By Mobility: Fixed, Portable; By Application; By End User) - Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The global biometric technology market size was exhibited at USD 34.98 billion in 2022 and is projected to hit around USD 225.78 billion by 2032, growing at a CAGR of 20.5% during the forecast period 2023 to 2032.

Key Pointers:

  • North America accounts for the largest revenue share of 30.17% in 2022.
  • Asia Pacific region is expected to grow at a CAGR of 17.6% between 2023 to 2032.
  • In terms of component, the hardware segment dominates the biometric technology market is anticipated to hold 42.15% in 2022.
  • Based on offering, the contact segment is accounted to hold highest share of 37.9% in 2022.
  • On the basis of authentication type, single factor authentication segment accounted for highest revenue share of 57.13% in 2022
  • Based on the application, the Non-AFIS segment is accounted to have highest revenue share of 36.18% in 2022.
  • Based on end-use, government segment is estimated to hold leading revenue share and account for 27.19% in 2022.
  • Defense & Security segment is also expected to account for prominent share during the forecast period.

Biometric Technology Market Report Scope

Report Coverage Details
Market Size in 2023 USD 42.15 Billion
Market Size by 2032 USD 225.78 Billion
Growth Rate From 2023 to 2032 CAGR of 20.5%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Authentication Type, Component, Type, Mobility, Application, End User
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Regional Scope North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa
Regional Scope NEC Corporation, Precise Biometrics AB, Fujitsu Limited 3M Cogent, Hitachi, FaceFirst, Nuance Communications

 

Biometric devices are used for security identification and authentication. These devices can recognize a user and then correctly prove whether the identified user holds the identity they claim to have. Biometric security systems use automated techniques, in which human intervention is reduced to the minimum to recognize and then confirm an individual's identity based on distinctive physiological or behavioral features, such as fingerprints, face pictures, iris recognition, and voice recognition.In biometric authentication technology, an individual’s characteristics data is compared with the same individual's biometric template. The aim is to confirm whether the individuals hold a resemblance to their claimed identity. Furthermore, the systems compare physical or behavioral characteristics to data in a database that has been identified.

Authentication is established when both sets of data align. Biometric authentication is often used to control access to buildings, rooms, and computers.

Biometric technologies are necessary during COVID-19 and become even more important to track the spread of the virus. The impact of COVID-19 is not limited to face recognition. As noncontact technologies such as face and iris recognition are now being used to expand government protection, surveillance, and screening. In contrast, applications that rely on fingerprint and vein recognition modalities are suffering significant losses. Furthermore, the data stored on cloud is sensitive to the shared environment or public and needs a strong authentication and security system, which is provided by the biometric technology.

Government and law enforcement agencies have also started adopting cloud-based biometric technologies, such as cloud-based Automated Biometrics Identification System (ABIS). Thus, there is a huge growth potential for key players offering biometric systems. In addition, major players in the biometric technology market have launched their products based on the biometric technology. For instance, Suprema, a global leader in biometric security and access control, announced the launch of an upgraded version of its X-Station 2 access control terminal, which supports fingerprint authentication. In May 2021, Suprema launched four models of X-Station 2, a next-generation “versatile intelligent terminal” that supports a variety of authentication methods from mobile access cards to RFID cards, QR codes and barcodes. The newest X-Station 2 model comes equipped with a fingerprint recognition module that provides more options for customers.

Moreover, the increasing crime and privacy intrusion rate have raised concerns among people and organizations to secure their assets and personal details. To provide standardized security with the use of advanced technology, biometric solutions have witnessed increased usage in the market. However, the initial investments for biometric technology development and the costs of devices are high owing to heavy R&D activities and complications related to data analysis through an embedded device. The costs associated with maintenance are also critical. Therefore, these are some of the factors that limit the biometric technology market growth. On the contrary, the need for a strong authentication system, which can be fulfilled by multilevel biometric solutions that use several different levels to make it more secure and accountable. In addition, biometric technology plays a vital role in e-commerce through smart cards, keystroke identification, digital certificate, Kerberos authentication, and others. Therefore, these factors are increasing the adoption of biometric technology, which is expected to grow tremendously in the coming years.

The report focuses on growth prospects, restraints, and trends of the biometric technology market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the biometric technology market.

Some of the prominent players in the Biometric Technology Market include:

  • NEC Corporation
  • Precise Biometrics AB
  • Fujitsu Limited
  • 3M Cogent
  • Hitachi
  • FaceFirst
  • Nuance Communications

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Biometric Technology market.

By Authentication Type

  • Single-Factor Authentication
  • Multi-Factor Authentication

By Component 

  • Hardware
  • Software

By Type

  • Contact-Based
  • Contact-less
  • Hybrid

By Mobility

  • Fixed
  • Portable

By Application

  • Face
  • Hand geometry
  • Voice
  • Signature
  • Iris
  • AFIS
  • Non-AFIS
  • Others

By End User

  • Government
  • Banking and Finance
  • Consumer Electronics
  • Healthcare
  • Transport/Logistics
  • Defense & Security
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global biometric technology market size was exhibited at USD 34.98 billion in 2022 and is projected to hit around USD 225.78 billion by 2032

The global biometric technology market is poised to grow at a CAGR of 20.5% from 2022 to 2030.

The major players operating in the biometric technology market are NEC Corporation, Precise Biometrics AB, Fujitsu Limited 3M Cogent, Hitachi, FaceFirst, Nuance Communications

Makers of buyer gadgets, including cell phones, tablets, workstations, and home mechanization gadgets, are enthusiastic about coordinating high level elements and functionalities into their items to draw in additional clients and extend their client base.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Biometric Technology Market 

5.1. COVID-19 Landscape: Biometric Technology Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Biometric Technology Market, By Authentication Type

8.1. Biometric Technology Market, by Authentication Type, 2023-2032

8.1.1. Single-Factor Authentication

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Multi-Factor Authentication

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Biometric Technology Market, By Component

9.1. Biometric Technology Market, by Component, 2023-2032

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Biometric Technology Market, By Type

10.1. Biometric Technology Market, by Type, 2023-2032

10.1.1. Contact-Based

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Contact-less

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Hybrid

10.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Biometric Technology Market, By Mobility

11.1. Biometric Technology Market, by Mobility, 2023-2032

11.1.1. Fixed

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Portable

11.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Biometric Technology Market, By Application

12.1. Biometric Technology Market, by Application, 2023-2032

12.1.1. Face

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Hand geometry

12.1.2.1. Market Revenue and Forecast (2020-2032)

12.1.3. Voice

12.1.3.1. Market Revenue and Forecast (2020-2032)

12.1.4. Signature

12.1.4.1. Market Revenue and Forecast (2020-2032)

12.1.5. Iris

12.1.5.1. Market Revenue and Forecast (2020-2032)

12.1.6. AFIS

12.1.6.1. Market Revenue and Forecast (2020-2032)

12.1.7. Non-AFIS

12.1.7.1. Market Revenue and Forecast (2020-2032)

12.1.8. Others

12.1.8.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Biometric Technology Market, By End User

13.1. Biometric Technology Market, by End User, 2023-2032

13.1.1. Government

13.1.1.1. Market Revenue and Forecast (2020-2032)

13.1.2. Banking and Finance

13.1.2.1. Market Revenue and Forecast (2020-2032)

13.1.3. Consumer Electronics

13.1.3.1. Market Revenue and Forecast (2020-2032)

13.1.4. Healthcare

13.1.4.1. Market Revenue and Forecast (2020-2032)

13.1.5. Transport/Logistics

13.1.5.1. Market Revenue and Forecast (2020-2032)

13.1.6. Defense & Security

13.1.6.1. Market Revenue and Forecast (2020-2032)

13.1.7. Others

13.1.7.1. Market Revenue and Forecast (2020-2032)

Chapter 14. Global Biometric Technology Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.1.2. Market Revenue and Forecast, by Component (2020-2032)

14.1.3. Market Revenue and Forecast, by Type (2020-2032)

14.1.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.1.5. Market Revenue and Forecast, by Application (2020-2032)

14.1.6. Market Revenue and Forecast, by End User (2020-2032)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.1.7.2. Market Revenue and Forecast, by Component (2020-2032)

14.1.7.3. Market Revenue and Forecast, by Type (2020-2032)

14.1.7.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.1.8. Market Revenue and Forecast, by Application (2020-2032)

14.1.8.1. Market Revenue and Forecast, by End User (2020-2032) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.1.9.2. Market Revenue and Forecast, by Component (2020-2032)

14.1.9.3. Market Revenue and Forecast, by Type (2020-2032)

14.1.9.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.1.10. Market Revenue and Forecast, by Application (2020-2032)

14.1.11. Market Revenue and Forecast, by End User (2020-2032)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.2.2. Market Revenue and Forecast, by Component (2020-2032)

14.2.3. Market Revenue and Forecast, by Type (2020-2032)

14.2.4. Market Revenue and Forecast, by Mobility (2020-2032) 

14.2.5. Market Revenue and Forecast, by Application (2020-2032)

14.2.6. Market Revenue and Forecast, by End User (2020-2032)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.2.8.2. Market Revenue and Forecast, by Component (2020-2032)

14.2.8.3. Market Revenue and Forecast, by Type (2020-2032)

14.2.9. Market Revenue and Forecast, by Mobility (2020-2032) 

14.2.10. Market Revenue and Forecast, by Application (2020-2032)

14.2.10.1. Market Revenue and Forecast, by End User (2020-2032) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.2.11.2. Market Revenue and Forecast, by Component (2020-2032)

14.2.11.3. Market Revenue and Forecast, by Type (2020-2032)

14.2.12. Market Revenue and Forecast, by Mobility (2020-2032)

14.2.13. Market Revenue and Forecast, by Application (2020-2032)

14.2.14. Market Revenue and Forecast, by End User (2020-2032)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.2.15.2. Market Revenue and Forecast, by Component (2020-2032)

14.2.15.3. Market Revenue and Forecast, by Type (2020-2032)

14.2.15.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.2.16. Market Revenue and Forecast, by Application (2020-2032)

14.2.16.1. Market Revenue and Forecast, by End User (2020-2032)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.2.17.2. Market Revenue and Forecast, by Component (2020-2032)

14.2.17.3. Market Revenue and Forecast, by Type (2020-2032)

14.2.17.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.2.18. Market Revenue and Forecast, by Application (2020-2032)

14.2.18.1. Market Revenue and Forecast, by End User (2020-2032)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.3.2. Market Revenue and Forecast, by Component (2020-2032)

14.3.3. Market Revenue and Forecast, by Type (2020-2032)

14.3.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.3.5. Market Revenue and Forecast, by Application (2020-2032)

14.3.6. Market Revenue and Forecast, by End User (2020-2032)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.3.7.2. Market Revenue and Forecast, by Component (2020-2032)

14.3.7.3. Market Revenue and Forecast, by Type (2020-2032)

14.3.7.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.3.8. Market Revenue and Forecast, by Application (2020-2032)

14.3.9. Market Revenue and Forecast, by End User (2020-2032)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.3.10.2. Market Revenue and Forecast, by Component (2020-2032)

14.3.10.3. Market Revenue and Forecast, by Type (2020-2032)

14.3.10.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.3.11. Market Revenue and Forecast, by Application (2020-2032)

14.3.11.1. Market Revenue and Forecast, by End User (2020-2032)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.3.12.2. Market Revenue and Forecast, by Component (2020-2032)

14.3.12.3. Market Revenue and Forecast, by Type (2020-2032)

14.3.12.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.3.12.5. Market Revenue and Forecast, by Application (2020-2032)

14.3.12.6. Market Revenue and Forecast, by End User (2020-2032)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.3.13.2. Market Revenue and Forecast, by Component (2020-2032)

14.3.13.3. Market Revenue and Forecast, by Type (2020-2032)

14.3.13.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.3.13.5. Market Revenue and Forecast, by Application (2020-2032)

14.3.13.6. Market Revenue and Forecast, by End User (2020-2032)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.4.2. Market Revenue and Forecast, by Component (2020-2032)

14.4.3. Market Revenue and Forecast, by Type (2020-2032)

14.4.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.4.5. Market Revenue and Forecast, by Application (2020-2032)

14.4.6. Market Revenue and Forecast, by End User (2020-2032)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.4.7.2. Market Revenue and Forecast, by Component (2020-2032)

14.4.7.3. Market Revenue and Forecast, by Type (2020-2032)

14.4.7.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.4.8. Market Revenue and Forecast, by Application (2020-2032)

14.4.9. Market Revenue and Forecast, by End User (2020-2032)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.4.10.2. Market Revenue and Forecast, by Component (2020-2032)

14.4.10.3. Market Revenue and Forecast, by Type (2020-2032)

14.4.10.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.4.11. Market Revenue and Forecast, by Application (2020-2032)

14.4.12. Market Revenue and Forecast, by End User (2020-2032)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.4.13.2. Market Revenue and Forecast, by Component (2020-2032)

14.4.13.3. Market Revenue and Forecast, by Type (2020-2032)

14.4.13.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.4.13.5. Market Revenue and Forecast, by Application (2020-2032)

14.4.13.6. Market Revenue and Forecast, by End User (2020-2032)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.4.14.2. Market Revenue and Forecast, by Component (2020-2032)

14.4.14.3. Market Revenue and Forecast, by Type (2020-2032)

14.4.14.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.4.14.5. Market Revenue and Forecast, by Application (2020-2032)

14.4.14.6. Market Revenue and Forecast, by End User (2020-2032)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.5.2. Market Revenue and Forecast, by Component (2020-2032)

14.5.3. Market Revenue and Forecast, by Type (2020-2032)

14.5.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.5.5. Market Revenue and Forecast, by Application (2020-2032)

14.5.6. Market Revenue and Forecast, by End User (2020-2032)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.5.7.2. Market Revenue and Forecast, by Component (2020-2032)

14.5.7.3. Market Revenue and Forecast, by Type (2020-2032)

14.5.7.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.5.8. Market Revenue and Forecast, by Application (2020-2032)

14.5.8.1. Market Revenue and Forecast, by End User (2020-2032)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Authentication Type (2020-2032)

14.5.9.2. Market Revenue and Forecast, by Component (2020-2032)

14.5.9.3. Market Revenue and Forecast, by Type (2020-2032)

14.5.9.4. Market Revenue and Forecast, by Mobility (2020-2032)

14.5.9.5. Market Revenue and Forecast, by Application (2020-2032)

14.5.9.6. Market Revenue and Forecast, by End User (2020-2032)

Chapter 15. Company Profiles

15.1. NEC Corporation

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Precise Biometrics AB

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Fujitsu Limited

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. 3M Cogent

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Hitachi

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. FaceFirst

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Nuance Communications

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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