Asia Pacific Biometric Technologies Market Forecast to 2030 - Regional Analysis - by Component (Hardware, Software, and Services), Type (Contact, Contactless, and Hybrid), Authentication Type (Single Factor Authentication and Multi-factor Authentication), and End User (Government, BFSI, Healthcare, Defense & Security, and Others)
The Asia Pacific biometric technologies market was valued at US$ 11,154.40 million in 2022 and is expected to reach US$ 35,439.18 million by 2030; it is estimated to register a CAGR of 15.5% from 2022 to 2030.
Technological Advancements Reinforcing Security Levels Boost Asia Pacific Biometric Technologies Market
Technological advancements in biometric technologies are focused on enhancing their versatility, security, and reach to masses. Artificial Intelligence (AI) and Machine Learning (ML) further contributing to the improvement of accuracy and reliability of biometric systems, lowering the possibilities of false positives and negatives, which would have a positive impact on security and user confidence. The expansion of AI-driven biometrics, particularly facial and behavioral biometrics (gait, voice, and accent recognition), is likely to fuel the emergence of new forms of real-time biometric identity verification through on-premises cameras. Biometric authentication technology has become more prevalent in the industrial sector with the most recent AI advancements. According to IBM, 20% of breaches are the result of compromised credentials. Moreover, detecting and addressing a data breach can take an average of 287 days, which further worsens the impact. AI-based security solutions are likely to be instrumental for businesses to stay competitive in any sector. IBM mentions 25% of companies had fully implemented AI-based security in place as of 2021, while 40% had completed partial implementation. As of 2021, purchasing AI-powered security could help save a business up to US$ 3.81 million. Although secure biometric passwords are in use and more sophisticated biometric solutions are available in the market, newer technologies concentrate on extracting more sophisticated biometric markers from the human body, each of which adds another difficult-to-fake biometric trait into the secure authentication process. These can include reading DNA signatures, hand geometry, odor recognition, and cardiac pattern recognition. Therefore, technological advancements are creating exciting opportunities for the biometric technology market.
Asia Pacific Biometric Technologies Market Overview
The Asia Pacific biometric technologies market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in this region is expected to record the highest CAGR from 2022 to 2030. An upsurge in urbanization and digitalization results in a rise in the number of cyberattacks, and data breaching activities. According to the World Economic Forum, Asia Pacific observed the highest year-over-year increase in weekly cyberattack numbers during the first quarter of 2023, averaging 1,835 attacks per organization, which raises concern among organization to protect their sensitive information against cyber-attacks. Thus, a subsequent increase in the adoption of biometric software among consumers in Asia Pacific for authentication and identity verification purposes propels the market. The growing demand for biometric technologies across the globe encourages key market players in Asia Pacific to expand their global footprint by acquiring larger than-before consumer bases. In February 2023, Aratek Biometrics (as per its press release) organized numerous events in Mexico, Kenya, Amsterdam, France, and Singapore to showcase cutting-edge digital identity and biometric security technologies. This also allows the company to increase awareness related to the importance of biometric solutions, providing valuable insights into the trending biometric authentication solutions, and meeting the needs of governments and commercial entities around the world.
Asia Pacific Biometric Technologies Market Revenue and Forecast to 2030 (US$ Billion)
Asia Pacific Biometric Technologies Market Segmentation
The Asia Pacific biometric technologies market is categorized into component, type, authentication type, end user, and country.
Based on component, the Asia Pacific biometric technologies market is segmented into hardware, software, and services. The hardware segment held the largest share of Asia Pacific biometric technologies market share in 2022.
In terms of type, the Asia Pacific biometric technologies market is segmented into contact, contactless, and hybrid. The contact segment held the largest share of Asia Pacific biometric technologies market in 2022.
By authentication type, the Asia Pacific biometric technologies market is bifurcated into single factor authentication and multi factor authentication. The single factor authentication segment held a larger share of Asia Pacific biometric technologies market in 2022.
Based on end user, the Asia Pacific biometric technologies market is categorized into government, BFSI, healthcare, defense & security, and others. The government segment held the largest share of Asia Pacific biometric technologies market in 2022.
By country, the Asia Pacific biometric technologies market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific biometric technologies market share in 2022.
Aware, Inc.; Thales SA; Cognitec Systems GmbH; NEC Corp; IDEMIA France SAS; HID Global Corp; Fujitsu Ltd; Leidos Holdings, Inc.; and Precise Biometrics AB are some of the leading companies operating in the Asia Pacific biometric technologies market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biometric Technologies Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
4.3 Premium Insight
4.3.1 Analysis on the Use of Biometrics in Airports Around the World
5. Asia Pacific Biometric Technologies Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Use of Biometric Technologies in Consumer Electronics
5.1.2 Expanding Application Range in Government Sector
5.1.3 Increasing Crime Rates
5.2 Market Restraints
5.2.1 High Capital Requirements
5.2.2 Data Security Concerns
5.3 Market Opportunities
5.3.1 Technological Advancements Reinforcing Security Levels
5.4 Future Trends
5.4.1 Increasing Use of Biometric Systems at Airports
5.5 Impact of Drivers and Restraints:
6. Biometric Technologies Market - Asia Pacific Market Analysis
6.1 Biometric Technologies Market Revenue (US$ Billion), 2020-2030
6.2 Biometric Technologies Market Forecast Analysis
7. Asia Pacific Biometric Technologies Market Analysis - by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.2 Software
7.2.1 Overview
7.2.2 Software: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.3 Services
7.3.1 Overview
7.3.2 Services: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8. Asia Pacific Biometric Technologies Market Analysis - by Type
8.1 Contact
8.1.1 Overview
8.1.2 Contact: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.2 Contactless
8.2.1 Overview
8.2.2 Contactless: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.3 Hybrid
8.3.1 Overview
8.3.2 Hybrid: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
9. Asia Pacific Biometric Technologies Market Analysis - by Authentication Type
9.1 Single Factor Authentication
9.1.1 Overview
9.1.2 Single Factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
9.2 Multi factor Authentication
9.2.1 Overview
9.2.2 Multi factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10. Asia Pacific Biometric Technologies Market Analysis - by End User
10.1 Government
10.1.1 Overview
10.1.2 Government: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.2 BFSI
10.2.1 Overview
10.2.2 BFSI: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.3 Healthcare
10.3.1 Overview
10.3.2 Healthcare: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.4 Defense and Security
10.4.1 Overview
10.4.2 Defense and Security: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.5 Others
10.5.1 Overview
10.5.2 Others: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11. Asia Pacific Biometric Technologies Market - Country Analysis
11.1 Asia Pacific Market Overview
11.1.1 Asia Pacific: Biometric Technologies Market, By Key Country - Revenue and Forecast to 2030 (US$ Billion)
11.1.2 Asia Pacific: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
11.1.2.1 Asia Pacific: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
11.1.2.2 China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.2.1 China: Biometric Technologies Market Breakdown, by Component
11.1.2.2.2 China: Biometric Technologies Market Breakdown, by Type
11.1.2.2.3 China: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.2.4 China: Biometric Technologies Market Breakdown, by End User
11.1.2.3 Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.3.1 Japan: Biometric Technologies Market Breakdown, by Component
11.1.2.3.2 Japan: Biometric Technologies Market Breakdown, by Type
11.1.2.3.3 Japan: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.3.4 Japan: Biometric Technologies Market Breakdown, by End User
11.1.2.4 India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.4.1 India: Biometric Technologies Market Breakdown, by Component
11.1.2.4.2 India: Biometric Technologies Market Breakdown, by Type
11.1.2.4.3 India: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.4.4 India: Biometric Technologies Market Breakdown, by End User
11.1.2.5 South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.5.1 South Korea: Biometric Technologies Market Breakdown, by Component
11.1.2.5.2 South Korea: Biometric Technologies Market Breakdown, by Type
11.1.2.5.3 South Korea: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.5.4 South Korea: Biometric Technologies Market Breakdown, by End User
11.1.2.6 Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.6.1 Australia: Biometric Technologies Market Breakdown, by Component
11.1.2.6.2 Australia: Biometric Technologies Market Breakdown, by Type
11.1.2.6.3 Australia: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.6.4 Australia: Biometric Technologies Market Breakdown, by End User
11.1.2.7 Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.7.1 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by Component
11.1.2.7.2 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by Type
11.1.2.7.3 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.7.4 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by End User
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Aware, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Thales SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Cognitec Systems GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 NEC Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 IDEMIA France SAS
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 HID Global Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Fujitsu Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Leidos Holdings, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Precise Biometrics AB
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Word Index
List of Tables
Table 1. Biometric Technologies Market Segmentation
Table 2. List of Vendors
Table 3. Analysis on the Use of Biometrics in Airports Around the World
Table 4. Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Table 5. Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 6. Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 7. Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 8. Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 9. Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Country
Table 10. China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 11. China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 12. China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 13. China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 14. Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 15. Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 16. Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 17. Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 18. India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 19. India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 20. India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 21. India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 22. South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 23. South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 24. South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 25. South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 26. Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 27. Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 28. Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 29. Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 30. Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Component
Table 31. Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Type
Table 32. Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by Authentication Type
Table 33. Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion) - by End User
Table 34. List of Abbreviation
List of Figures
Figure 1. Biometric Technologies Market Segmentation, by Country
Figure 2. Ecosystem: Biometrics Technologies Market
Figure 3. Biometric Technologies Market - Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Biometric Technologies Market Revenue (US$ Billion), 2020-2030
Figure 6. Biometric Technologies Market Share (%) - by Component (2022 and 2030)
Figure 7. Hardware: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 8. Software: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 9. Services: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 10. Biometric Technologies Market Share (%) - by Type (2022 and 2030)
Figure 11. Contact: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 12. Contactless: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 13. Hybrid: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 14. Biometric Technologies Market Share (%) - by Authentication Type (2022 and 2030)
Figure 15. Single Factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 16. Multi factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 17. Biometric Technologies Market Share (%) - by End User (2022 and 2030)
Figure 18. Government: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 19. BFSI: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 20. Healthcare: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 21. Defense and Security: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 22. Others: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 23. Asia Pacific: Biometric Technologies Market, By Key Country - Revenue and Forecast to 2030 (US$ Billion)
Figure 24. Asia Pacific: Biometric Technologies Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 25. China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 26. Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 27. India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 28. South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 29. Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 30. Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
Figure 31. Heat Map Analysis by Key Players
Figure 32. Company Positioning & Concentration
1. Aware, Inc.
2. Thales SA
3. Cognitec Systems GmbH
4. NEC Corp
5. IDEMIA France SAS
6. HID Global Corp
7. Fujitsu Ltd
8. Leidos Holdings, Inc.
9. Precise Biometrics AB
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific biometric technologies market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific biometric technologies market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific biometric technologies market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.