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:
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:
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
By Component
By Type
By Mobility
By Application
By End User
By Region
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