Global Contactless Biometrics Market Report and Forecast 2024-2032

Global Contactless Biometrics Market Outlook

The global contactless biometrics market size reached approximately USD 21.88 billion in 2023. The market is further projected to grow at a CAGR of 16.4% between 2024 and 2032, reaching a value of USD 85.84 billion by 2032.

Key Trends in the Market

Contactless biometric refers to a type of authentication tool or system that verifies user identity without any physical contact with the security infrastructure. It also ensures safety in terms of hygiene and provides convenience to both parties involved.

• The rising demand for consumer electronics such as smartphones, tablets, and other electronic devices and integration of facial, voice, and iris recognition software with these devices to provide an additional security layer for verification is fuelling the contactless biometrics market demand globally.

• The development of advanced contactless biometrics solutions such as sensors to capture body temperature and imaging cameras owing to the growing requirement for advanced security solutions in various government and non-government sectors such as defence, BFSI, and logistics is further aiding the growth market.

• The requirement for convenient and safe authentication systems, including contactless biometrics, from clubs and condominiums is rising as they enhance user experience by focusing on wellness and comfort, by ensuring hygiene.

Global Contactless biometrics Market Analysis

On the basis of component, the market is divided into hardware, software, and services. Based on technology, the market is segmented into contactless fingerprint technology, facial recognition, iris recognition, palm vein recognition, voice recognition, and contactless cards. By application, the market is categorised into face, fingerprint, hand geometry, iris, and voice, among others.

Based on end user, the market is classified into government, BFSI, consumer electronics, healthcare, transport and logistics, and defence and security, among others. On the basis of region, the contactless biometrics market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Touchless Biometric Systems AG

• IDEMIA SAS

• Fujitsu Limited

• NEC Corporation

• HID Global Corporation

• Blue Biometrics

• FEITIAN Technologies Co., Ltd.

• GateKeeper Proximity (Untethered Labs, Inc.)

• Aware Inc.

• Gemalto N.V.

• Others

Market Share by Component

The software segment accounted for a significant contactless biometrics market share owing to the rising adoption of cloud-based services by consumers across the globe. The integration of machine learning and artificial intelligence in contactless biometric solutions is strengthening the compatibility of the devices for different uses and is boosting the product demand. Moreover, the development of high-tech sensor systems by using fast software algorithms and machine learning is further boosting the segment growth.

Market Share by Region

North America held a significant share of the market owing to the strong presence of key technology providers in the region. Rising awareness among the regional population regarding technological advancements has increased the demand for new contactless biometric solutions in the region. The defence sector and governments in North America are rapidly adopting facial recognition systems, among other contactless biometric solutions to improve security in the region, fuelling the contactless biometrics market growth.

Competitive Landscape

Touchless Biometric Systems AG was founded in 2003 and is headquartered in Zurich, Switzerland. The company is known for providing some of the most reliable biometric recognition devices, hardware, and other solutions to the consumers all across the globe.

IDEMIA SAS is a multinational security company that was founded in 2007 and is headquartered in Courbevoie, France. The company provides identity related security services along with facial recognition and other biometric identification products to various governments and private companies.

Fujitsu Limited was established in 1935 and has its headquarters located in Tokyo, Japan. The information and communications technology company manufactures electronic devices and system solutions, among others.

Other contactless biometrics market players include NEC Corporation, HID Global Corporation, Blue Biometrics, FEITIAN Technologies Co., Ltd., GateKeeper Proximity (Untethered Labs, Inc.), Aware Inc., and Gemalto N.V., among others.

Key Highlights of the Report