Biometric System Market Size Worth $110.34 billion by 2032 | CAGR:12.1%
The global biometric system market size is expected to reach USD 110.34 billion by 2032, according to a new study by Polaris Market Research. The report “Biometric System Market Share, Size, Trends, Industry Analysis Report – By Authentication Type, Offering, Mobility, Type, Deployment Mode, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Segment Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Biometric systems include a wide range of products and services designed for identity verification, security, and access control. These systems use unique biological traits such as fingerprints, facial features, iris patterns, and voice recognition. Key products in this field include fingerprint scanners, facial recognition systems, iris recognition technology, and voice recognition solutions. These technologies are used in various sectors such as government, healthcare, finance, and consumer electronics. A significant advancement in these systems is the use of multi-modal biometrics, which combine multiple biometric identifiers for improved security and accuracy.
Recent developments in biometric systems reflect the increased demand for contactless systems due to the COVID-19 pandemic. For instance, in sept 2024, NEC Corporation has made strides with its facial recognition systems that can function even when individuals are wearing masks. Idemia also launched a new mobile biometric enrollment solution for secure remote identification. In addition, Microsoft enhanced its biometric authentication through Windows Hello by incorporating advanced AI-driven algorithms for better facial recognition. Innovations such as AI integration, machine learning, and the use of biometrics in blockchain technology for secure data handling propel the biometric system market growth.
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Growing demand for contactless solutions such as facial and iris recognition, driven by post-COVID-19 pandemic hygiene concerns, would offer opportunities for the biometric system market during the forecast period. AI-powered and multi-modal biometrics offer enhanced accuracy, appealing to sectors such as government and healthcare. Growth is also strong in Asia Pacific and America due to smart city projects and rising security needs. Additionally, cloud-based biometrics provide scalable, cost-effective solutions, while increasing privacy regulations create demand for systems that ensure data security and compliance, fostering wider adoption across industries.
Biometric System Market Report Highlights
- By authentication type, the single factor authentication segment (particularly fingerprint recognition) dominated the market in 2023. The domination is driven by its widespread applications in smartphones, laptops, banking, and government services where it is used for secure access identity verification.
- The hardware segment, based on offering, dominates the market. Hardware includes components such as fingerprint sensors, cameras, readers, and scanners, which form the backbone of biometric systems by capturing and processing biometric data for authentication and identification purposes.
- In 2023, Asia Pacific accounted for the largest share in the biometric system market due to the rapid growth of its economy, technological developments, and government sponsored programs.
- North America is expected to register the highest CAGR during the forecast period due to increasing investments and production expansion by key companies.
- Thales; IDEMIA; NEC Corporation; ASSA ABLOY; Fujitsu; Precise Biometrics; Secunet Security Networks AG; Anviz Global Inc.; Accu-Time Systems, Inc.; AFIX Technologies; BIO-key International, Inc.; DERMALOG Identification Systems GmbH; East Shore Technologies, Inc.; and Fingerprint are global key market players.
Polaris Market Research has segmented the biometric system market report on the basis of authentication type, offering, mobility, type, deployment, vertical and region:
By Authentication Type Outlook (Revenue – USD Billion, 2019–2032)
- Single Factor Authentication
- Fingerprint Recognition
- AFIS
- Non-AFIS
- Iris Recognition
- Palm Recognition
- Face Recognition
- Vein Recognition
- Signature Recognition
- Voice Recognition
- Other Single Factor Type
- Multi-Factor Authentication
- Two Factor Authentication
- Smart Card with Biometric Technology
- Biometric Technology with Pin
- Two-Factor Biometric Technology
- Three-Factor Authentication
- Smart Card with Pin and Biometric Technology
- Smart Card with Two-Factor and Biometric Technology
- Pin with Two-Factor Biometric Technology
- Three-Factor Biometric Technology
- Four-Factor Authentication
- Five-Factor Authentication
By Offering Outlook (2019–2032, USD billion)
- Hardware
- Fingerprint Sensor
- Cameras
- Readers and Scanners
- Other Biometric Hardware
- Software
By Mobility Outlook (2019–2032, USD billion)
- Fixed
- Portable
By Type Outlook (2019–2032, USD billion)
- Contact Based
- Contact-less
- Hybrid
By Deployment Outlook (2019–2032, USD billion)
- On-Premises
- Cloud-Based
- Integrated Deployment
By Vertical Outlook (2019–2032, USD billion)
- Government
- National/State ID
- Law Enforcement
- e-Passport & e-Visa
- Others
- Defense
- Healthcare
- BFSI
- Consumer Electronic
- Travel & Immigration
- Automotive
- Security
- Home Security
- Commercial Security
By Regional Outlook (Revenue – USD billion, 2019–2032)
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Biometric System Report Scope
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Report Attributes |
Details |
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Market Size Value in 2023 |
USD 39.55 billion |
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Market Size Value in 2024 |
USD 44.28 billion |
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Revenue Forecast in 2032 |
USD 110.34 billion |
|
CAGR |
12.1% from 2024 to 2032 |
|
Base Year |
2023 |
|
Historical Data |
2019–2022 |
|
Forecast Period |
2024–2032 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2024 to 2032 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
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Regional Scope |
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Competitive Landscape |
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