The Global Biometric System Market currently is valued at USD 41.2 billion in 2023 and is expected to reach USD 83.79 billion by 2030, at a CAGR of 13.6% during the forcast period 2025 - 2030.

Published Date: Apr, 2024

The Global Biometric System Market currently is valued at USD 41.2 billion in 2023 and is expected to reach USD 83.79 billion by 2030, at a CAGR of 13.6% during the forcast period 2025 - 2030.

A biometric system refers to a specific tool that uses biological information to identify people. It uses specific technology to read the face, fingerprints, iris, or DNA of people and even analyze typing patterns. This tool is used in different industries such as government, consumer electronics, banking, transportation, healthcare, defence, commercial safety, and security. The increasing demand for secure identification and authentication across various industries is the driver behind the biometric system market growth. Due to the increasing number of government initiatives for the adoption of the tool and the growing need for higher security, the global biometric system market is anticipated to grow at a high rate. However, the growth of the global biometric system market is hampered due to the threat to the possibility of breach, data privacy and confidentiality. Also the high deployment cost and Lack of awareness about the benefits offered by biometric systems limits the expansion of the global biometric system market. 

Browse 59 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on Biometric System Market by Authentication Type (Single-Factor Authentication, and Multifactor Authentication), by Component (Hardware, and Software), by Functionality Type (Contact Functionality, Combined Functionality and Noncontact Functionality) by Application (Government, Healthcare, Automotive, Banking & Finance, Travel & Immigration, Military & Defense, Consumer Electronics, Security, and Others) and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World) - Global Forecast to 2030.

Global Biometric System Market Segmentation and Key Players

Segment / Key Players

Categorization

Authentication Type

Single-Factor Authentication and Multi factor Authentication

Component

Hardware, and Software

Functionality Type

Contact Functionality, Combined Functionality and Noncontact Functionality

Application

Government, Healthcare, Automotive, Banking & Finance, Travel & Immigration, Military & Defense, Consumer Electronics, Security, and Others

Key Players

Thales, Fujitsu Ltd., Safran, Secunet Security Networks AG, Precise Biometrics AB, NEC Corporation, Stanley Black & Decker, Assa Abloy

By authentication type, single factor dominate the global biometric system market.

The global biometric system market is divided into single-factor authentication and multifactor authentication, according to the authentication type. Out of these two segments, the former is expected to account for the larger market share during the forecast period due to its affordability, simplicity, and high speed of installation.

“North America is anticipated to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the global biometric system market”

North America accounts for the higher share of the global biometric system market due to higher government activities for the adoption of biometric systems. It is also attributed to the rapid technical development and progress in this field. Moreover, the growing concern over safety and security also promotes the growth of the global biometric system market in this region.

Major key players in this market include Thales, Fujitsu Ltd., Safran, Secunet Security Networks AG, Precise Biometrics AB, NEC Corporation, Stanley Black & Decker, Assa Abloy

Recent Development by Key Players

Thales has launched a new AI platform which focuses on the defense sector. This platform shall help armed forces, aircraft makers, and critical infrastructure operators to better leverage the massive data streams that are becoming available to them. The platform comprises three core elements. The cortAIx Lab in Paris, the cortAIx in Thales and cortAIx Sensors.

NEC and Mastercard has collaborated to advance in-store biometric payments. This partnership shall bring the Biometric Checkout Program to the Asia Pacific region, expanding reach across the globe. Consumers and merchants can have more secure, seamless and innovative checkout experiences.

Global biometric system market coverage (By Value)

  • Authentication Type Insight and Forecast 2025-2030
    • Single-Factor Authentication
    • Multifactor Authentication
  • Component Insight and Forecast 2025-2030
    • Hardware
      • scanners
      • fingerprint readers
      • cameras
      • other
    • Software
  • Functionality Type Insight and Forecast 2025-2030
    • Contact Functionality
    • Combined Functionality 
    • Non-Contact Functionality
  • Application Insight and Forecast 2025-2030
    • Government
    • Healthcare
    • Automotive
    • Banking & Finance
    • Travel & Immigration
    • Military & Defense
    • Consumer Electronics
    • Security
    • Others

 

Geographical Segmentation

Global bimetric System Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia-Pacific (APAC)

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific

Rest of the World (RoW)

  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries