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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Biometrics Market Outlook
The India biometrics market size reached a value of almost USD 2.93 billion in the year 2023. The India biometrics market is further expected to grow at a CAGR of 14.5% between 2024 and 2032 to reach a value of almost USD 9.92 billion by 2032.
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The India biometrics market is driven by the rising integration of the product in consumer electronics. The country has witnessed enormous growth in recent years due to its growing adoption of biometrics within government as well as private sectors. The India biometrics market is supporting the growth of the global biometrics market, which is finding impetus in the rising adoption of biometric technologies by banks and organisations to help prevent fraudulent activities.
Market Segmentation
Biometrics is a technological authentication method that is utilised in information assurance (IA) for secure access, entry, or data. It fundamentally relies on scanning their physical or biological characteristics, like the face, iris, DNA, palm, fingerprint, retina, and palm veins, which are hard to forge or duplicate. It provides more accurate identification and minimises the risk of undesirable intrusion. Consequently, biometrics technologies are extensively used in banks, public libraries, colleges, schools, corporate and government offices, and consumer electronics like smartphones and tablets.
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The biometrics market is segmented on the basis of technology into:
- Face Recognition
- Hand Geometry
- Voice Recognition
- Signature Recognition
- Iris Recognition
- AFIS
- Non-AFIS
- Others
On the basis of functionality, the market is divided into:
- Contact
- Non-Contact
- Combined
By authentication, the biometrics market is divided into:
- Single-Factor Authentication
- Multifactor Authentication
On the basis of component, the market is bifurcated into:
- Hardware
- Software
On the basis of end-use, the market is divided into:
- Government
- Defence Services
- Banking and Finance
- Consumer Electronics
- Healthcare
- Commercial Safety and Security
- Transport/Visa/Logistics
- Others
The report also covers the regional markets of biometrics in India like North India, West and Central India, South India, and East India.
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Market Analysis
The India biometrics market is driven by the rising adoption of several biometric means such as facial, fingerprint, and voice recognition to authenticate their identity, as well as to make payments. The government of India is also using biometric technologies for the purpose of identification and verification of individuals in different e-Governance applications such as E-Passport, UIDAI (Aadhar), Driving License, and RSBY (Rashtriya Swasthya Bima Yojna), among others, thus, supporting the market growth of biometrics in India. Other factors aiding the market growth include an increasing number of smartphone users, enhancing internet connectivity, and growing security concerns.
Competitive Landscape
The report gives a detailed analysis of the following key players in the India biometrics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- IDEMIA
- SecuGen India Pvt. Ltd
- NEC Technologies India Private Limited
- 4G Identity Solutions.
- Honeywell Automation India Limited
- Others
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Functionality |
|
| Breakup by Authentication |
|
| Breakup by Component |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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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Key Questions Answered in the Report
In 2023, the India biometrics market attained a value of nearly USD 2.93 billion.
The market is projected to grow at a CAGR of 14.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.92 billion by 2032.
The major drivers of the market include growing integration of biometrics within government and private sectors, increased acceptance of technology, growing government initiatives to create awareness among consumers, increase in the number of smartphone users, and rising internet penetration in the country.
The key trends guiding the growth of the biometrics market in India include the rapid technological advancements and the growing need for advanced security systems.
The major regions in the market are North India, West and Central India, South India, and East India.
The major biometrics technologies in the market include face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, and non-AFIS, among others.
Contact, non-contact, and combined are the biometrics functionalities available in the market.
Single-factor authentication and multifactor authentication are the significant authentications in the market.
Hardware and software are the components of biometrics in the market.
The major end uses of biometrics include sectors like government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others.
The key players in the India biometrics market are IDEMIA, SecuGen India Pvt. Ltd, NEC Technologies India Private Limited, 4G Identity Solutions., and Honeywell Automation India Limited, among others.
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