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Biometric System Market: By Authentication Type, By Component, By Functionality Type, By Application and Region
Biometric System Market: By Authentication Type, By Component, By Functionality Type, By Application and Region
Biometric System Market size was valued at 57.83 million in 2023 and is estimated to reach 100.09 million by 2030, at a CAGR of 13.4% during the forecast period 2024 to 2030. Some of the factors favoring the market growth are rising adoption of biometric systems across all industry verticals, technological advancements and growing need for surveillance and security owing to the threats of terrorist attacks. However, lack of skilled people for operating biometric systems and threat of privacy and data breach restricting the market growth. Global market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Mar 2018, Thales acquired Gemalto, a key player in digital security, at US$ 5.5 billion (US$ 61.57 per share cum dividend). Under this agreement, Thales combined its digital assets with Gemalto and increased the R&D investments in the digital security businesses.
Biometric systems are a type of technology that uses biological data to determine a person's identity. These systems are commonly used for statistical analysis of people's behavioural and physical features in a company. Biometric authentication is created by the biometric industry to demonstrate that each individual's physical and behavioural characteristics are distinct and unique. The majority of businesses employ these systems, which helps to drive the worldwide market forward. One of the key reasons for the growth of this market is the simple and unique biometric operation. According to the biometric system analysis, the increased use of biometric systems has resulted from an increase in the number of terror incidents and rising crime rates.
Study Period
2024-2030Base Year
2023CAGR
13.4%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Various types of biometrics are used for authentication in both the public and private sectors. Several companies and government entities use multiple biometrics. Governments across the globe are jumping on board with biometrics for many different purposes. Many nations are using fingerprints or palm readers to identify citizens for voting or receiving benefits.
In the US, government uses of biometrics that include iris scanning for TSA screening in airports, facial recognition for the FBI database, and fingerprints for tracking inmates in the prison system and in border management. Information technology, finance, and government are the market sectors showing the most increase in their employment of biometrics for identifying users.
Asia Pacific accounted for larger revenue share in global biometric system market with considerable CAGR. Asia Pacific is anticipated to witness considerable growth in this market due to the enhanced security and to authenticate the access to confidential data which has made the use of biometric devices mandatory for better performance of the organization in both public and private sectors in India. In addition, the deployment of biometric systems into various sectors such as healthcare, defense, airport security, academics, banking and finance and retail sectors has increased the regional demand.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
13.4% |
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By Authentication Type |
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By Component |
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By Functionality Type |
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By Application |
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By Region |
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The global biometric system market size was valued at US$ 57.83 million in 2023 and is projected to grow at a CAGR of 13.4% from 2024 to 2030.
The biometric system market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Biometric System Market Introduction |
| 2.1.Global Biometric System Market - Taxonomy |
| 2.2.Global Biometric System Market - Definitions |
| 2.2.1.Authentication Type |
| 2.2.2.Componen |
| 2.2.3.Functionality Type |
| 2.2.4.Region |
| 3.Global Biometric System Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Biometric System Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Biometric System Market By Authentication Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Single-Factor Authentication |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Fingerprint Recognition |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. IRIS Recognition |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Palm Print Recognition |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Face Recognition |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Vein Recognition |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Signature Recognition |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Voice Recognition |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6.Global Biometric System Market By Componen, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Software |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Hardware |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Fingerprint Readers |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Scanners |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Camera |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others (RFID Reader, Microphone, Speaker, Connectivity IC) |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Biometric System Market By Functionality Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Contact Functionality |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Noncontact Functionality |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Combined Functionality |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Biometric System Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Biometric System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Authentication Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Single-Factor Authentication |
| 9.1.2.Fingerprint Recognition |
| 9.1.3.IRIS Recognition |
| 9.1.4.Palm Print Recognition |
| 9.1.5.Face Recognition |
| 9.1.6.Vein Recognition |
| 9.1.7.Signature Recognition |
| 9.1.8.Voice Recognition |
| 9.1.9.Others |
| 9.2. Componen Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Software |
| 9.2.2.Hardware |
| 9.2.3.Fingerprint Readers |
| 9.2.4.Scanners |
| 9.2.5.Camera |
| 9.2.6.Others (RFID Reader, Microphone, Speaker, Connectivity IC) |
| 9.3. Functionality Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Contact Functionality |
| 9.3.2.Noncontact Functionality |
| 9.3.3.Combined Functionality |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Biometric System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Authentication Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Single-Factor Authentication |
| 10.1.2.Fingerprint Recognition |
| 10.1.3.IRIS Recognition |
| 10.1.4.Palm Print Recognition |
| 10.1.5.Face Recognition |
| 10.1.6.Vein Recognition |
| 10.1.7.Signature Recognition |
| 10.1.8.Voice Recognition |
| 10.1.9.Others |
| 10.2. Componen Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Software |
| 10.2.2.Hardware |
| 10.2.3.Fingerprint Readers |
| 10.2.4.Scanners |
| 10.2.5.Camera |
| 10.2.6.Others (RFID Reader, Microphone, Speaker, Connectivity IC) |
| 10.3. Functionality Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Contact Functionality |
| 10.3.2.Noncontact Functionality |
| 10.3.3.Combined Functionality |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Biometric System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Authentication Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Single-Factor Authentication |
| 11.1.2.Fingerprint Recognition |
| 11.1.3.IRIS Recognition |
| 11.1.4.Palm Print Recognition |
| 11.1.5.Face Recognition |
| 11.1.6.Vein Recognition |
| 11.1.7.Signature Recognition |
| 11.1.8.Voice Recognition |
| 11.1.9.Others |
| 11.2. Componen Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Software |
| 11.2.2.Hardware |
| 11.2.3.Fingerprint Readers |
| 11.2.4.Scanners |
| 11.2.5.Camera |
| 11.2.6.Others (RFID Reader, Microphone, Speaker, Connectivity IC) |
| 11.3. Functionality Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Contact Functionality |
| 11.3.2.Noncontact Functionality |
| 11.3.3.Combined Functionality |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Biometric System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Authentication Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Single-Factor Authentication |
| 12.1.2.Fingerprint Recognition |
| 12.1.3.IRIS Recognition |
| 12.1.4.Palm Print Recognition |
| 12.1.5.Face Recognition |
| 12.1.6.Vein Recognition |
| 12.1.7.Signature Recognition |
| 12.1.8.Voice Recognition |
| 12.1.9.Others |
| 12.2. Componen Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Software |
| 12.2.2.Hardware |
| 12.2.3.Fingerprint Readers |
| 12.2.4.Scanners |
| 12.2.5.Camera |
| 12.2.6.Others (RFID Reader, Microphone, Speaker, Connectivity IC) |
| 12.3. Functionality Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Contact Functionality |
| 12.3.2.Noncontact Functionality |
| 12.3.3.Combined Functionality |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Biometric System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Authentication Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Single-Factor Authentication |
| 13.1.2.Fingerprint Recognition |
| 13.1.3.IRIS Recognition |
| 13.1.4.Palm Print Recognition |
| 13.1.5.Face Recognition |
| 13.1.6.Vein Recognition |
| 13.1.7.Signature Recognition |
| 13.1.8.Voice Recognition |
| 13.1.9.Others |
| 13.2. Componen Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Software |
| 13.2.2.Hardware |
| 13.2.3.Fingerprint Readers |
| 13.2.4.Scanners |
| 13.2.5.Camera |
| 13.2.6.Others (RFID Reader, Microphone, Speaker, Connectivity IC) |
| 13.3. Functionality Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Contact Functionality |
| 13.3.2.Noncontact Functionality |
| 13.3.3.Combined Functionality |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Safran |
| 14.2.2.NEC |
| 14.2.3.Thales |
| 14.2.4.Fujitsu |
| 14.2.5.ASSA ABLOY |
| 14.2.6.Precise Biometrics |
| 14.2.7.Aware (US) |
| 14.2.8.Secunet Security Networks |
| 14.2.9.Cross Match Technologies |
| 14.2.10.Stanley Black & Decker |
| 14.2.11.Cognitec Systems |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.