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Base Year
Historical Year
Forecast Year
Airports in Asia Pacific are increasingly adopting biometrics for contactless boarding to reduce the risk of identity fraud and boarding mistakes. In 2024, the air passenger number in the Asia Pacific region is projected to witness the highest year-on-year growth rate of 17.2%.
CAGR 2024-2032 - Market by | Country |
India | 14.9% |
Mexico | 12.6% |
Germany | 12.0% |
Saudi Arabia | 11.8% |
Canada | 10.8% |
USA | XX% |
UK | XX% |
France | XX% |
Italy | 10.6% |
China | XX% |
Japan | XX% |
Australia | XX% |
Brazil | XX% |
According to 2023 data, the transaction value of digital and mobile payments in Europe has grown by over 30% over the past three years. Leading digital wallet apps contributing to this rise include PayPal, Apple Pay, and Samsung Pay.
Biometrics are being widely used for detecting and preventing illegal entry into the North American countries. As recorded in 2022, the US Department of Homeland Security’s IDENT biometric system has around 260 million people in the database.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for biometrics attained a value of USD 46.37 billion in 2023.
The market is estimated to grow at a CAGR of 12.5% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 134.90 billion by 2032.
The factors driving the market growth are increasing requirements for safety and security, rising technological advancements, and expansion of the government and law sector.
The key trends of the market include growing incidences of identity thefts, cybercrime, document fraud, and terrorism, increasing affordability of IP cameras, sensors and other smart devices, advancements in artificial intelligence (AI), and development of new markers in high-security applications.
The key regional markets for biometrics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different components are solution and services.
The key players in the market include Fujitsu Ltd, NEC Corporation, M2SYS Technology, Leidos Holdings Inc, Thales SA, Aware, Inc, Imageware Systems, Inc, Accu-Time Systems, Inc, S.I.C. Biometrics Global Inc, and Phonexia s.r.o, among others.
The biometric systems based on contact types are contact based, non-contact based, and hybrid.
The end uses are BFSI, government and law enforcement, commercial and retail, healthcare, travel and immigration, and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124