April 22, 2024
ICT

Biometric Technology Market Size to Grow US$ 137.5 Billion By 2030

The global biometric technology market size was valued at US$ 45.6 billion in 2021 and is anticipated to grow US$ 137.5  billion by 2030, registering a compound annual growth rate (CAGR) of 13.05 % from 2022 to 2030.

Biometric Technology Market Size 2022 To 2030

The biometric technology market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the biometric technology market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the biometric technology report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the biometric technology market have been studied and analysed across many developments.

Market Scope

 

Report Coverage Details
Market Size in 2022 USD 51.55 Billion
Market Size by 2030 USD 137.5 Billion
Growth Rate from 2022 to 2030 CAGR of 13.05%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Authentication Type, Component, Type, Mobility, Application, End User and Geography

Research Approach

The comprehensive report on the global biometric technology market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global biometric technology market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players

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

Market Segmentations

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 Geography

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

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 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, 2022-2030

8.1.1. Single-Factor Authentication

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Multi-Factor Authentication

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Biometric Technology Market, By Component

9.1. Biometric Technology Market, by Component, 2022-2030

9.1.1. Hardware

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Software

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Biometric Technology Market, By Type

10.1. Biometric Technology Market, by Type, 2022-2030

10.1.1. Contact-Based

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Contact-less

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Hybrid

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Biometric Technology Market, By Mobility

11.1. Biometric Technology Market, by Mobility, 2022-2030

11.1.1. Fixed

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Portable

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Biometric Technology Market, By Application

12.1. Biometric Technology Market, by Application, 2022-2030

12.1.1. Face

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Hand geometry

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Voice

12.1.3.1. Market Revenue and Forecast (2017-2030)

12.1.4. Signature

12.1.4.1. Market Revenue and Forecast (2017-2030)

12.1.5. Iris

12.1.5.1. Market Revenue and Forecast (2017-2030)

12.1.6. AFIS

12.1.6.1. Market Revenue and Forecast (2017-2030)

12.1.7. Non-AFIS

12.1.7.1. Market Revenue and Forecast (2017-2030)

12.1.8. Others

12.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Biometric Technology Market, By End User

13.1. Biometric Technology Market, by End User, 2022-2030

13.1.1. Government

13.1.1.1. Market Revenue and Forecast (2017-2030)

13.1.2. Banking and Finance

13.1.2.1. Market Revenue and Forecast (2017-2030)

13.1.3. Consumer Electronics

13.1.3.1. Market Revenue and Forecast (2017-2030)

13.1.4. Healthcare

13.1.4.1. Market Revenue and Forecast (2017-2030)

13.1.5. Transport/Logistics

13.1.5.1. Market Revenue and Forecast (2017-2030)

13.1.6. Defense & Security

13.1.6.1. Market Revenue and Forecast (2017-2030)

13.1.7. Others

13.1.7.1. Market Revenue and Forecast (2017-2030)

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 (2017-2030)

14.1.2. Market Revenue and Forecast, by Component (2017-2030)

14.1.3. Market Revenue and Forecast, by Type (2017-2030)

14.1.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.1.6. Market Revenue and Forecast, by End User (2017-2030)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.1.7.2. Market Revenue and Forecast, by Component (2017-2030)

14.1.7.3. Market Revenue and Forecast, by Type (2017-2030)

14.1.7.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.1.8.1. Market Revenue and Forecast, by End User (2017-2030)

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.1.9.2. Market Revenue and Forecast, by Component (2017-2030)

14.1.9.3. Market Revenue and Forecast, by Type (2017-2030)

14.1.9.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.1.11. Market Revenue and Forecast, by End User (2017-2030)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.2.2. Market Revenue and Forecast, by Component (2017-2030)

14.2.3. Market Revenue and Forecast, by Type (2017-2030)

14.2.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.2.6. Market Revenue and Forecast, by End User (2017-2030)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.2.8.2. Market Revenue and Forecast, by Component (2017-2030)

14.2.8.3. Market Revenue and Forecast, by Type (2017-2030)

14.2.9. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.2.10.1. Market Revenue and Forecast, by End User (2017-2030)

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.2.11.2. Market Revenue and Forecast, by Component (2017-2030)

14.2.11.3. Market Revenue and Forecast, by Type (2017-2030)

14.2.12. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.2.14. Market Revenue and Forecast, by End User (2017-2030)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.2.15.2. Market Revenue and Forecast, by Component (2017-2030)

14.2.15.3. Market Revenue and Forecast, by Type (2017-2030)

14.2.15.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.2.16.1. Market Revenue and Forecast, by End User (2017-2030)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.2.17.2. Market Revenue and Forecast, by Component (2017-2030)

14.2.17.3. Market Revenue and Forecast, by Type (2017-2030)

14.2.17.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.2.18.1. Market Revenue and Forecast, by End User (2017-2030)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.3.2. Market Revenue and Forecast, by Component (2017-2030)

14.3.3. Market Revenue and Forecast, by Type (2017-2030)

14.3.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.3.6. Market Revenue and Forecast, by End User (2017-2030)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.3.7.2. Market Revenue and Forecast, by Component (2017-2030)

14.3.7.3. Market Revenue and Forecast, by Type (2017-2030)

14.3.7.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.3.9. Market Revenue and Forecast, by End User (2017-2030)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.3.10.2. Market Revenue and Forecast, by Component (2017-2030)

14.3.10.3. Market Revenue and Forecast, by Type (2017-2030)

14.3.10.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.3.11.1. Market Revenue and Forecast, by End User (2017-2030)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.3.12.2. Market Revenue and Forecast, by Component (2017-2030)

14.3.12.3. Market Revenue and Forecast, by Type (2017-2030)

14.3.12.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.3.12.6. Market Revenue and Forecast, by End User (2017-2030)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.3.13.2. Market Revenue and Forecast, by Component (2017-2030)

14.3.13.3. Market Revenue and Forecast, by Type (2017-2030)

14.3.13.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.3.13.6. Market Revenue and Forecast, by End User (2017-2030)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.4.2. Market Revenue and Forecast, by Component (2017-2030)

14.4.3. Market Revenue and Forecast, by Type (2017-2030)

14.4.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.4.6. Market Revenue and Forecast, by End User (2017-2030)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.4.7.2. Market Revenue and Forecast, by Component (2017-2030)

14.4.7.3. Market Revenue and Forecast, by Type (2017-2030)

14.4.7.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.4.9. Market Revenue and Forecast, by End User (2017-2030)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.4.10.2. Market Revenue and Forecast, by Component (2017-2030)

14.4.10.3. Market Revenue and Forecast, by Type (2017-2030)

14.4.10.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.4.12. Market Revenue and Forecast, by End User (2017-2030)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.4.13.2. Market Revenue and Forecast, by Component (2017-2030)

14.4.13.3. Market Revenue and Forecast, by Type (2017-2030)

14.4.13.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.4.13.6. Market Revenue and Forecast, by End User (2017-2030)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.4.14.2. Market Revenue and Forecast, by Component (2017-2030)

14.4.14.3. Market Revenue and Forecast, by Type (2017-2030)

14.4.14.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.4.14.6. Market Revenue and Forecast, by End User (2017-2030)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.5.2. Market Revenue and Forecast, by Component (2017-2030)

14.5.3. Market Revenue and Forecast, by Type (2017-2030)

14.5.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.5.6. Market Revenue and Forecast, by End User (2017-2030)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.5.7.2. Market Revenue and Forecast, by Component (2017-2030)

14.5.7.3. Market Revenue and Forecast, by Type (2017-2030)

14.5.7.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.5.8.1. Market Revenue and Forecast, by End User (2017-2030)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Authentication Type (2017-2030)

14.5.9.2. Market Revenue and Forecast, by Component (2017-2030)

14.5.9.3. Market Revenue and Forecast, by Type (2017-2030)

14.5.9.4. Market Revenue and Forecast, by Mobility (2017-2030)

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

14.5.9.6. Market Revenue and Forecast, by End User (2017-2030)

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

Why should you invest in this report?

If you are aiming to enter the global biometric technology market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for biometric technology are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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