The Contactless Biometrics market crossed US$ 19.5 billion mark in 2022 and is expected to hit US$ 59.4 billion by 2030, recording a CAGR of 14.9% during the forecast period.
Contactless Biometrics market has been significantly growing with the rise in adoption of smartphones and tablets
The speedy uptick in tablet and smartphone uses and facial recognition software is estimated to drive the contactless biometric technology demand as it enhances a layer of confirmation for users to unlock their smartphones. Contactless biometrics offers secure access to apps and authenticates payments. Hence, this is expected to create many opportunities for the Contactless Biometrics market to flourish in the coming years.
Within the report, the Contactless Biometrics market is segmented into offering, application, end-user. On the basis of offering the contactless biometrics market is segmented as hardware, software, services. On the basis of application the contactless biometrics market is segmented as face recognition, fingerprint recognition, iris recognition, voice recognition, hand geometry, others. On the basis of application the market is segmented as BFSI, defense and security, government, transport and logistics, retail and ecommerce, others. Geographically, the Contactless Biometrics market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The Contactless Biometrics market in Asia Pacific holds the highest growth rate and is expected to retain its position during the forecast period (2022-2030). The high growth is due to the presence of most populous countries such as China and India in the region.
Government segment in end-user to hold significant share of Contactless Biometrics market during the forecast period (2022-2030)
Based on end-user, the government segment is estimated to account for a significant Contactless Biometrics market share in 2022. It is expected to main the same position during the forecast period. The government is a pioneer in implementing new technologies. Governments across the world started adopting contactless biometrics technology to minimize and control criminal actions. For instance, in 2019, National Crime Records Bureau (NCRB), India, gathered bids from private corporations to develop a new centralized facial recognition surveillance system. The system allowed the police force for criminal identification and verifications across the country.
Increasing adoption of contactless technology in various industry is one of the major factors accelerating the Contactless Biometrics market growth.
High implementation rates of biometrics in the healthcare sector are expected to drive the contactless biometrics technology market during the forecast period. In addition, due to the high implementation of touchless biometrics systems for government and military applications, North American region is predicted to lead the global contactless biometrics technology market. Also, the growing numbers of air travelers around the world have augmented demand at airport facilities for more secure and advanced identifying solutions and services. The solutions estimation the vital signs of a passenger, allowing for touchless health screenings at airport kiosks through voice recognition. Furthermore, manufacturers are also focusing on advancing their existing contactless biometrics solutions by implementing temperature sensors to capture body temperature and imaging cameras.
Recent strategic developments in Contactless Biometrics market
The contactless biometrics market has undergone several significant developments, and a few of these have been mentioned below:
The Contactless Biometrics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Aware, Inc.; Fujitsu Ltd.; HID Global; IDEMIA; Iris ID, Inc.; M2SYS Technology; NEC Corporation; nViaSoft; Thales Group; and Touchless Biometric Systems AG are among the prominent players operating in the contactless biometrics market.
Target audience for the report:
Scope of the report:
In this report, the Contactless Biometrics market has been segmented on the basis of:
Companies profiled
- Aware, Inc.
- Fujitsu Ltd.
- HID Global
- IDEMIA
- Iris ID, Inc.
- M2SYS Technology
- NEC Corporation
- nViaSoft
- Thales Group
- Touchless Biometric Systems AG