The contactless biometrics technology market size is projected to be worth USD 22,608.0 million in 2023. The market is likely to reach USD 116,665.1 million by 2033 and is estimated to surge at a CAGR of 17.8% from 2023 to 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Contactless Biometrics Technology Market Estimated Size in 2023 | USD 22,608.0 million |
| Projected Market Value in 2033 | USD 116,665.1 million |
| Value-based CAGR from 2023 to 2033 | 17.8% |
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The scope for contactless biometrics technology rose at a 4.4% CAGR between 2018 and 2022. The global market for contactless biometrics technology is anticipated to develop at a moderate CAGR of 17.8% over the forecast period from 2023 to 2033.
| Report Attributes | Details |
|---|---|
| Market Value in 2018 | USD 10,103.5 million |
| Market Value in 2022 | USD 19,456.1 million |
| CAGR from 2018 to 2022 | 4.4% |
Contactless biometrics technology experienced significant growth from 2018 to 2022. The adoption of this technology surged across various sectors due to the demand for secure, convenient, and hygienic authentication methods. The COVID-19 pandemic further accelerated this trend, emphasizing the importance of touchless solutions.
Facial recognition technology emerged as a dominant player during this period, finding applications in access control, payments, and mobile devices. Concerns about privacy and data security led to increased regulation and compliance measures within the industry.
The contactless biometrics technology market is expected to continue its significant growth over the forecast period. The adoption rate is projected to increase across sectors such as healthcare, automotive, and beyond. As technology evolves, biometric systems are likely to become sophisticated, accurate, and secure.
New applications may emerge, and integration with emerging technologies like AI and IoT could further expand the reach of contactless biometrics. Concerns surrounding data privacy and security are likely to persist, necessitating ongoing efforts to enhance encryption and user consent mechanisms.
Contactless biometrics technology is poised to play a vital role in authentication and identity verification across a wide range of industries.
Principal Consultant
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by the United States and China. These two countries are expected to lead the market through 2033.
| Countries | Market Share (2023) |
|---|---|
| The United States | 20.2% |
| China | 11.1% |
| The United Kingdom | 9.3% |
| Japan | 1.9% |
| South Korea | 2.3% |
Contactless biometrics technology trends in the United Kingdom are taking a turn for the better. The contactless biometrics technology market in the United Kingdom is projected to hold a market share of 9.3% in 2023.
Biometric identity systems or solutions are increasingly used in public and private entities in broad usage throughout the United Kingdom. Biometric identification was employed in British primary and secondary schools by the United Kingdom Border Agency.
The United Kingdom is a noteworthy country regarding legislative and regulatory expenditure, as well as military and defense sector investment. Thus, the availability of established facilities and government attempts to adopt biometric identification technology stimulates the popularity of the contactless biometrics technology market.
The contactless biometrics technology market in the United States is likely to hold a market share of 20.2% in 2023. The growing use of non-contact biometrics mechanisms in defense and federal applications in the United States is projected to drive up demand for the technology.
Key contactless biometrics technology solution providers in the United States include Aware, HID Global, M2SYS Technology, IdentyTech Solutions, and a few more. As an outcome, the large number of such enterprises in the nation eventually fuels consumption for the contactless biometrics technology industry.
Access control systems, utilized in various sectors like corporate offices and airports, increasingly adopted contactless biometrics to bolster security and streamline entry processes in this country.
The growth has been further driven by advancements in sensor technology and artificial intelligence, improving the accuracy and reliability of contactless biometric systems.
The contactless biometrics technology market in the United States is expected to continue expanding in the coming years as businesses and organizations prioritize security, efficiency, and hygiene.
The contactless biometrics technology market in Japan is estimated to hold a market share of 1.9% in 2023. Japan is an industrialized nation with a high rate of embracing cutting-edge technology around the world. For instance, the government of Japan chose SAFR facial biometrics for in-person service entry in October 2021. It offers face biometrics technology to enhance the country's modernization efforts.
Such regulatory measures and the country's increasing digitization growth are likely to drive consumption of contactless biometrics technology in Japan.
The healthcare industry of Japan witnessed the implementation of contactless biometrics for patient identification and access control, ensuring the protection of sensitive medical data.
The contactless biometrics technology market in China is likely to hold a market share of 11.1% in 2023. The contactless biometrics technology market in China has experienced remarkable growth and innovation in recent years. China's rapid technological advancement, large population, and increasing urbanization have created a fertile ground for the adoption of contactless biometrics.
In the financial sector, banks and fintech companies in China have led the way in integrating contactless biometrics such as facial recognition and fingerprint scanning into payment systems and mobile apps, making transactions secure and convenient.
The initiatives by the government of China to promote digital identity solutions have further boosted the market, leading to applications in areas like access control, public transportation, and e-commerce. The market size and appetite in China for innovation make it a focal point for contactless biometrics technology development and adoption, with continued growth anticipated in the years ahead.
The contactless biometrics technology market in South Korea is anticipated to hold a market share of 2.3% in 2023. The contactless biometrics technology market in South Korea has witnessed remarkable growth and innovation in recent years. South Korea's robust technology infrastructure and its position as a global tech leader have made it fertile ground for the adoption of contactless biometrics.
In the financial sector, South Korean banks and fintech companies have been at the forefront of integrating contactless biometrics, enhancing both security and convenience for consumers.The healthcare industry in South Korea has also embraced contactless biometrics for patient identification and access control, ensuring secure and efficient healthcare service delivery.
The contactless biometrics technology market in South Korea is poised for continued growth and widespread adoption in diverse applications in the coming years with its technologically savvy population and a strong commitment to innovation.
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The below table highlights how facial recognition is projected to lead the market in terms of technology, expanding at 17% CAGR through 2033.
The government & law enforcement segment is likely to spearhead sales based on industry and is anticipated to witness a CAGR of 3.0% through 2033.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Facial Recognition | 17% |
| Government & Law Enforcement | 16.5% |
The facial recognition segment by technology is expected to continue dominating the contactless biometrics technology industry with a CAGR of 17% from 2023 to 2033.
The combination of artificial intelligence with face biometric algorithms improves the identification of faces and aids in the determination of attributes including sex, ethnicity, age, facial hair, and specs.
Facial recognition technology improves or automates processes and improves face-matching precision. As a result, the facial recognition segment is predicted to grow during the estimated time frame.
By industry, the government & law enforcement segment is expected to emerge as a prominent segment. A CAGR of 16.5% is projected from 2023 to 2033.
A significant number of economies throughout the world have begun to use contactless biometrics technology. Contactless biometrics technology offers benefits like enhanced safety and reliability, and reduced exposure in different domains like identity verification, transactions and operations, and access control.
Increased government regulations promoting or facilitating the implementation of technology and, developments in security technologies, are supporting industry growth.
Several key contactless biometrics technology solution suppliers are eager to create new goods and services to expand their clientele and broaden their line of goods. They are additionally putting money into technological advancement to give improved biometrics solutions.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 22,608.0 million |
| Projected Market Valuation in 2033 | USD 116,665.1 million |
| Value-based CAGR 2023 to 2033 | 17.8% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Technology, Component, Application, Industry, Region |
| Key Countries Profiled | The United States; Canada; Brazil; Mexico; Germany; The United Kingdom; France; Spain; Italy; Russia; Poland; Czech Republic; Romania; India; Bangladesh; Australia; New Zealand; China; Japan; South Korea; GCC countries; South Africa; Israel |
| Key Companies Profiled | Fujitsu Limited, NEC Corporation, Gemalto (Thales), Aware Inc., HID Global, M2SYS Technology, IDEMIA, BioConnect, IdentyTech Solutions, Touchless Biometric Systems AG, Innovatrics, Cognitec Systems GmbH, Mantra Softech, DERMALOG Identification Systems GmbH, Vision-Box |
The market is expected to reach USD 22,608.0 million in 2023.
The market is set to expand at a CAGR of 17.8% by 2033.
The industry is estimated to reach USD 116,665.1 million by 2033.
The United States is the leading market, accounting for a 20.2% market share in 2023.
Facial recognition technology is preferred, expected to rise at a 17% CAGR through 2033.
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Contactless Biometrics Technology Market
