by According to Precedence Research, The contactless biometrics technology market size garnered US$ 6.95 billion in 2021 and is expected to generate US$ 21.20 billion by 2030, manifesting a CAGR of 20.5% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The contactless biometrics technology market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Contactless biometrics technology is a process of identifying the authenticity of an individual by scanning the face or eyes without physically touching it. This technology also collects data of an individual through face detection, recognition, and stores it on a cloud platform. This identification technology is highly accurate and reliable for personal biometric identification. The onset COVID-19 pandemic has acted as a catalyst in driving the market demand for contactless biometrics.
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Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the major players in the global contactless biometrics technology market include:
Touchless Biometric Systems AG, Fingerprint Cards AB, IDEMIA, nViaSoft, Fujitsu Limited, NEC Corporation, Gemalto N.V., Aware Inc., HID Global and M2SYS Technology.
Contactless Biometrics Technology Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
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Report Highlights
- The software Component segment is expected to lead the market contributing more than 44.5% of the revenue share in the upcoming years.
- The Government end use segment of the Contactless Biometrics Technology Market is estimated to lead the market with a market share of more than 30% in 2021.
- By Geography, North America holds a significant share accounting for more than 31% in 2020 in the Contactless Biometrics Technology Market in terms of revenue share because of the presence of major market players in the region.
Contactless Biometrics Technology Market Dynamics
Driver – The high level of security provided by the contactless biometrics drive the market growth. Also, the wide scale adoption of contactless biometrics in diverse industries such as Banks, BFSI and others are expected to drive the growth of the Contactless Biometrics Technology Market. For instance, On 13th October 2021, HID Global introduces biometric MFA platform for banks to provide the widest-reaching omnichannel experience possible with the lowest amount of user friction.
Restraint – The major restraining factor that will negatively impact the growth of the Contactless Biometrics Technology Market includes the high cost involved in the installation of contactless biometrics solutions.
Opportunity – The COVID-19 pandemic has created huge business opportunities for the contactless biometrics as it eliminates the need for physical touch in order to identify the authenticity of an individual.
Challenges – As the contactless biometrics stores the identification of the individuals, there is chance of data theft or identity theft and this attribute forms a major challenge encountered by the Contactless Biometrics Technology Market.
Recent Developments
- On 10th March 2021, CE Colo selected Touchless Biometric Systems AG to protect their valuable assets through the implementation of a stellar, secure and reliable biometric access control system.
- On 25th August 2021, Fingerprint Cards AB has entered into an agreement with Seshaasai, an innovative and prominent smart card manufacturer in India, has agreed to work with Fingerprint Cards AB to develop, promote, market, and sell contactless biometric payment cards in India and the Asia Pacific area. The card will include Fingerprints’ T-Shape module and software platform, which is designed to be integrated into payment cards using normal automated manufacturing techniques and has ultra-low power consumption.
- On 27th September 2021, IATA announced that it will deploy IATA Travel Pass kiosks for performing the biometrics check at the airport. This check will be performed contactless in the wake of COVID-19 crisis. This development has been widely accepted among the international travelers.
- On 22nd January 2021, Fujitsu Laboratories has launched new multi-factor biometric authentication technology that will deliver a contactless shopping experience for the post-COVID-19 “New Normal” era.
- On 17th June 2021, HID Global, a worldwide leader in trusted identity solutions, announced the development of its HID Signo Biometric Reader 25B that is used to capture and read fingerprints in real-world applications and conditions.
- On 18th August 2021, Omni-ID, a leading manufacturer of RFID tags and industrial IoT hardware devices for passive and active tagging, monitoring, tracking, and alerting applications, has been purchased by HID Global, a global leader in trusted identification solutions. This acquisition will help HID Global enhance its footprint in India and China while also expanding its leadership in RFID technology.
Market Segments Covered
By Component
- Hardware
- Software
- Service
- Professional Services
- Managed Services
By End use Industry
- Government
- Banking & Finance
- Consumer Electronics
- Healthcare
- Transport & Logistics
- Defense & Security
- Others
By Application
- Face
- Fingerprint
- Hand Geometry
- Iris
- Voice
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Research Objective
- To provide a comprehensive analysis of the contactless biometrics technology industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global contactless biometrics technology market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the contactless biometrics technology
TABLE OF CONTENT
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. COVID 19 Impact on Contactless Biometrics Technology Market
5.1. COVID-19 Landscape: Contactless Biometrics 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 Contactless Biometrics Technology Market, By Component
8.1. Contactless Biometrics Technology Market, by Component Type, 2021-2030
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Service
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Contactless Biometrics Technology Market, By Application
9.1. Contactless Biometrics Technology Market, by Application, 2021-2030
9.1.1. Face
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Fingerprint
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Hand Geometry
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Iris
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Voice
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Contactless Biometrics Technology Market, By End use
10.1. Contactless Biometrics Technology Market, by End use, 2021-2030
10.1.1. Government
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Banking & Finance
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Consumer Electronics
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Healthcare
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. Transport & Logistics
10.1.5.1. Market Revenue and Forecast (2019-2030)
10.1.6. Defense & Security
10.1.6.1. Market Revenue and Forecast (2019-2030)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Contactless Biometrics Technology Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by End use (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by End use (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by End use (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by End use (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by End use (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by End use (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by End use (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by End use (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by End use (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by End use (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by End use (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by End use (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by End use (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by End use (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by End use (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by End use (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by End use (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by End use (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by End use (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by End use (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by End use (2019-2030)
Chapter 12. Company Profiles
12.1. Touchless Biometric Systems AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Fingerprint Cards AB
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. IDEMIA
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. nViaSoft
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Fujitsu Limited
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. NEC Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Gemalto N.V.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Aware Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. HID Global
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. M2SYS Technology
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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