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Biometrics Technology Market Size, Share, Trends, Innovations, Outlook 2022-2030

The global biometrics technology market size is expected to be worth around US$ 69.30 billion by 2030, according to a new report by Vision Research Reports.

The global biometrics technology market size was valued at US$ 20.40 billion in 2020 and is anticipated to grow at a CAGR of 21.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 69.30 Bn by 2030
Growth Rate CAGR of 21.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Application, end-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned NEC Corporation; Precise Biometrics AB; Fujitsu Limited; 3M Cogent; Hitachi; FaceFirst; Nuance Communications

Growth Factors

 Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period.

Widening scope of applications of biometrics technology in consumer electronics, in order to improve customer experiences, is poised to augment the market over the same period. Incorporation of biometrics technology into e-commerce applications can enable secure transactions and unfold ample growth opportunities to the market. High initial investment cost is anticipated to hamper growth prospects.

By End-use Analysis

On the basis of end use, the biometrics technology market has been segmented into government, banking and finance, consumer electronics, healthcare, transport/logistics, defense & security, and others. The government sector is likely to account for a sizeable share in the market during the forecast period.

The implementation of biometrics technology can be a costly affair for any enterprise, posing a challenge to the growth of the market. However, technological advancements and increasing use of these technologies may gradually reduce the overall implementation cost.

By Application Analysis

Based on application, the market has been divided into face, hand geometry, voice, signature, iris, automated fingerprint identification system (AFIS), non-AFIS, and others. Fingerprint scanning is the most widely used biometric authentication technique.

AFIS is expected to be the most prominent application segment throughout the forecast horizon, owing to its heightened usage in law enforcements and civil applications. One of the key users of the fingerprint biometric technique is the private sector, where it used for attendance and background check of employees.

By Regional Analysis

Biometrics technology is being increasingly used to cater to safety and security needs, owing to increasing terrorist threats worldwide. North America is poised to be the leading revenue contributor in the market during the forecast period.

The market in Asia Pacific is anticipated to be the fastest growing, owing to increasing awareness about the technology. Countries such as China and India are sights of high growth rates in the region. 

Key Players

NEC Corporation, Precise Biometrics AB, Fujitsu Limited, 3M Cogent, Hitachi, FaceFirst, and Nuance Communications.

Market Segmentation

  • By Application
    • Face
    • Hand geometry
    • Voice
    • Signature
    • Iris
    • AFIS
    • Non-AFIS
    • Others
  • By End-use
    • Government
    • Banking and Finance
    • Consumer Electronics
    • Healthcare
    • Transport/Logistics
    • Defense & Security
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
    • Middle East & Africa (MEA)

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

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 Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Biometrics Technology Market, By Application

7.1.  Biometrics Technology Market, by Application, 2021-2030

7.1.1.    Face

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Hand geometry

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Voice

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Signature

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Iris

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    AFIS

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Non-AFIS

7.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Biometrics Technology Market, By End-use

8.1.  Biometrics Technology Market, by End-use, 2021-2030

8.1.1.    Government

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Banking and Finance

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Consumer Electronics

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Healthcare

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Transport/Logistics

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Defense & Security

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Others

8.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Biometrics Technology Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Application (2017-2030)

9.1.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Application (2017-2030)

9.2.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Application (2017-2030)

9.3.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Application (2017-2030)

9.4.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Application (2017-2030)

9.5.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

Chapter 10.  Company Profiles

10.1.              NEC Corporation

10.1.1.  Company Overview

10.1.2.  Application Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Precise Biometrics AB

10.2.1.  Company Overview

10.2.2.  Application Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Fujitsu Limited,

10.3.1.  Company Overview

10.3.2.  Application Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              3M Cogent

10.4.1.  Company Overview

10.4.2.  Application Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Hitachi

10.5.1.  Company Overview

10.5.2.  Application Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              FaceFirst

10.6.1.  Company Overview

10.6.2.  Application Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Nuance Communications

10.7.1.  Company Overview

10.7.2.  Application Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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