Contactless Biometrics Technology Market Size, Trends and Insights By Component (Hardware, Software, Service), By Application (Face, Fingerprint, Iris, Voice, Others), By End User (Banking & Finance, Consumer Electronics, Healthcare, Transport & Logistics, Defense & Security, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Reports Description
Global Contactless Biometrics Technology Market was valued at USD 15.5 Billion in 2024 and is expected to reach USD 47.6 Billion by 2033, at a CAGR of 17.7% during the forecast period 2024 – 2033.
Contactless biometrics technology authenticates or identifies persons without requiring physical touch. This technology remotely acquires and analyses unique biological traits like fingerprints, face features, iris patterns, or palm prints.
Contactless Biometrics Technology Market: Growth Factors
Increasing security concerns
Increasing security concerns have fuelled the rapid expansion of the contactless biometrics technology industry. In an era of increased awareness of identity theft, fraud, and illegal access, traditional authentication techniques such as passwords or PINs are increasingly seen as fragile and insecure.
Contactless biometrics provide a more secure option by using unique physiological or behavioural traits such as fingerprints, face features, iris patterns, or voiceprints to authenticate. Unlike older systems, which are easily compromised by theft, reproduction, or interception, biometric data is intrinsically linked to an individual and substantially more difficult to reproduce.
As a result, businesses ranging from banking and healthcare to transportation and government agencies are implementing contactless biometrics solutions to boost security, streamline operations, and provide better user experiences.
This spike in demand is driving innovation in biometric technology, resulting in innovations like touchless fingerprint scanners, face recognition systems with mask detection capabilities, and voice recognition systems for hands-free verification. As enterprises prioritize security and user comfort, the contactless biometrics technology market is expected to expand more in the coming years.
The adoption of biometrics in various industries
The extensive use of biometrics in a variety of sectors has been a major driver of the expansion of contactless biometric technology markets. With growing concerns about security, efficiency, and cleanliness, sectors ranging from banking and healthcare to travel and hospitality are relying on biometric technologies to authenticate identities without physical touch.
Contactless biometric technologies, such as face recognition, iris scanning, and voice recognition, provide safe and easy ways to verify persons without requiring physical connection. In banking and finance, for example, contactless biometrics allow for safe authentication of mobile banking applications, ATM transactions, and payments, improving both security and user experience.
Furthermore, in healthcare, contactless biometrics simplify patient identification, enhance access control in medical facilities, and verify the accuracy of electronic health data. Contactless biometrics are also being used in the travel and hospitality industries to improve check-in operations at airports and hotels, lowering wait times and improving the entire customer experience.
As enterprises emphasize security, efficiency, and hygiene, the need for contactless biometric solutions is likely to increase, with continued technical breakthroughs leading to even more inventive and safe applications across a wide range of sectors.
Contactless Biometrics Technology Market: Restraints
Data privacy concerns
Data privacy issues are important impediments to the growth of the contactless biometrics technologies industry. While contactless biometrics provide convenience and security, they also capture and analyse sensitive personal information, which raises customer concerns about data exploitation or mismanagement.
The incorporation of biometric technology into everyday life, such as for access control, payments, and identity verification, exacerbates these issues as people worry about unwanted access or data breaches. Furthermore, the storage and transfer of biometric data pose complicated security risks, such as identity theft and covert surveillance.
Data protection regulatory frameworks, such as the General Data Protection Regulation (GDPR) in Europe and similar laws elsewhere, place stringent restrictions on the collection, storage, and processing of biometric information, complicating the development and deployment of contactless biometric solutions.
As a result, businesses encounter challenges in establishing customer trust and meeting regulatory criteria, limiting the widespread use and market penetration of contactless biometrics technology.
Contactless Biometrics Technology Market: Opportunities
Integration with emerging technologies
The integration of developing technologies is driving the growth of the contactless biometrics technology market by improving security, convenience, and efficiency across a variety of sectors. Advanced biometric systems are increasingly using artificial intelligence (AI) and machine learning algorithms to increase accuracy and authentication speed, allowing for seamless interactions without physical contact.
Furthermore, the integration of biometrics with Internet of Things (IoT) devices opens up a plethora of applications, ranging from access control in smart buildings to authentication in linked vehicles.
Furthermore, the convergence of biometrics with edge computing allows real-time processing of biometric data directly on devices, lowering latency and increasing privacy by eliminating the need for data transfer to centralized servers.
In addition, the integration of biometrics in wearable devices such as smartwatches and fitness trackers broadens its use, allowing for simple and safe identification for users in a variety of settings.
Furthermore, combining biometric authentication with blockchain technology improves security and transparency, making it ideal for applications that require high levels of trust and accountability, such as identity verification and money transfers.
Overall, the integration of contactless biometrics with new technologies promotes innovation and market growth by providing adaptable, secure, and user-friendly solutions for a wide range of sectors and use cases.
Contactless Biometrics Technology Market: Segmentation Analysis
The Global Contactless Biometrics Technology market is segmented by component, application, end user, and region. Based on components, the market is classified into hardware, software, and service. Software dominated the market in 2023 with a market share of 55.3% and is expected to keep its dominance during the forecast period 2024-2033.
The software plays a pivotal role in propelling the contactless biometrics technology market forward by enabling seamless integration, enhanced security, and efficient user experiences. Moreover, advancements in software algorithms continually improve biometric authentication accuracy, reducing false acceptance and rejection rates.
Additionally, software drives innovation in user authentication methods, enabling multifactor authentication that combines biometric data with other forms of verification for heightened security. Furthermore, software development kits (SDKs) provided by biometric technology vendors empower businesses to easily integrate contactless biometric authentication into their applications and systems, fostering widespread adoption.
As organizations increasingly prioritize touchless interactions due to hygiene concerns, the versatility and adaptability of biometric software solutions position them as indispensable tools for secure, frictionless authentication in a rapidly evolving digital landscape.
Based on application, the market is classified into Face, Fingerprint, Iris, Voice and Others. Face dominated the market in 2023 with a market share of 34.5% and is expected to keep its dominance during the forecast period 2024-2033.
Face recognition technology has been a pivotal driver in propelling the contactless biometrics technology market to new heights. Its unparalleled convenience, accuracy, and hygiene have revolutionized various sectors, from security and surveillance to retail and finance.
Moreover, the widespread adoption of face recognition technology across diverse industries, including transportation, healthcare, and entertainment, underscores its versatility and adaptability.
With advancements in artificial intelligence and machine learning algorithms, face recognition systems have become increasingly sophisticated, capable of recognizing faces accurately even in challenging conditions such as low light or obscured angles.
As a result, businesses and organizations are increasingly turning to contactless biometric solutions powered by face recognition technology to streamline operations, enhance security measures, and deliver seamless and personalized user experiences.
Based on end user, the market is classified into Banking & Finance, Consumer Electronics, Healthcare, Transport & Logistics, Defense & Security and Others. Banking & Finance dominated the market in 2023 with a market share of 30.5% and is expected to keep its dominance during the forecast period 2024-2033.
The banking and finance sectors are key drivers of the contactless biometrics technology market, catalyzing its growth through enhanced security measures and streamlined user experiences. As financial institutions strive to combat rising instances of fraud and identity theft, contactless biometrics offer a robust solution by providing a secure and convenient method of authentication.
Biometric identifiers such as fingerprints, facial recognition, and iris scans offer a unique and reliable means of verifying a user’s identity, reducing the reliance on traditional methods like passwords and PINs, which are susceptible to theft or unauthorized access.
Furthermore, the proliferation of mobile banking and digital payment platforms further fuels the demand for contactless biometrics, as financial institutions seek to stay ahead in an increasingly competitive landscape by offering cutting-edge security features and innovative payment solutions tailored to the needs of a digitally savvy customer base.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 15.5 Billion |
| Projected Market Size in 2033 | USD 47.6 Billion |
| Market Size in 2023 | USD 14.1 Billion |
| CAGR Growth Rate | 17.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Component, Application, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Contactless Biometrics Technology Market: Regional Analysis
By region, Contactless Biometrics Technology market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Contactless Biometrics Technology market in 2023 with a market share of 41.6% and is expected to keep its dominance during the forecast period 2024-2033.
The Asia-Pacific region boasts a rapidly expanding population and increasing urbanization, fostering a growing demand for advanced security solutions across various sectors such as banking, healthcare, government, and transportation.
Furthermore, the Asia-Pacific region is home to some of the world’s leading technology hubs, fostering innovation and entrepreneurship in biometrics research and development.
Additionally, the widespread proliferation of smartphones and other smart devices in the region provides a robust platform for deploying contactless biometric solutions for authentication and access control, further driving market growth.
Contactless Biometrics Technology Market: Recent Developments
- In June 2022, Moqi announced new technologies designed to allow contactless scanning, particularly during a period of increased concern about the spread of COVID-19 and other viruses.
- In March 2023 IDEMIA launched two new unique biometric terminals. It aimed to accelerate traveller authentication procedures, under the auspices of the Passenger Terminal EXPO in Amsterdam.
- In January 2021, Fujitsu Laboratories, Ltd. unveiled a multi-factor biometric authentication technology to create a new and secure shopping experience tailored for the ‘New Normal’ era. This method combines non-contact biometrics that use face data for verification and identification using palm vein detection.
List of the prominent players in the Contactless Biometrics Technology Market:
- NEC Corporation
- Gemalto
- IDEMIA
- Fingerprint Cards AB
- Aware Inc.
- Crossmatch
- BIO-key International Inc.
- Cognitec Systems GmbH
- Daon
- FaceFirst Inc.
- Fujitsu Limited
- HID Global Corporation
- IDEX Biometrics ASA
- ImageWare Systems Inc.
- M2SYS Technology
- Precise Biometrics AB
- SecuGen Corporation
- Synaptics Incorporated
- Thales Group
- ZKTeco Inc.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Contactless Biometrics Technology Market is segmented as follows:
By Component
- Hardware
- Software
- Service
- Multimodal Biometrics Solution
By Application
- Contactless Fingerprint Recognition
- Face Recognition
- Iris Recognition
- Palm Vein Recognition
- Voice Recognition
- Contactless Biometric Cards
By End User
- BFSI
- Government & Law Enforcement
- Healthcare
- Retail & eCommerce
- Travel & Tourism
- Other Verticals
Based on Services
- Professional Services
- Managed Services
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Contactless Biometrics Technology Market, (2024 – 2033) (USD Billion)
- 2.2 Global Contactless Biometrics Technology Market: snapshot
- Chapter 3. Global Contactless Biometrics Technology Market – Industry Analysis
- 3.1 Contactless Biometrics Technology Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing security concerns
- 3.2.2 The adoption of biometrics in various industries
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Contactless Biometrics Technology Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Contactless Biometrics Technology Market: company market share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Contactless Biometrics Technology Market – Component Analysis
- 5.1 Global Contactless Biometrics Technology Market Overview: By Component
- 5.1.1 Global Contactless Biometrics Technology Market Share, By Component, 2023 and 2033
- 5.2 Hardware
- 5.2.1 Global Contactless Biometrics Technology Market by Hardware, 2024 – 2033 (USD Billion)
- 5.3 Software
- 5.3.1 Global Contactless Biometrics Technology Market by Software, 2024 – 2033 (USD Billion)
- 5.4 Service
- 5.4.1 Global Contactless Biometrics Technology Market by Service, 2024 – 2033 (USD Billion)
- 5.1 Global Contactless Biometrics Technology Market Overview: By Component
- Chapter 6. Global Contactless Biometrics Technology Market – Application Analysis
- 6.1 Global Contactless Biometrics Technology Market Overview: By Application
- 6.1.1 Global Contactless Biometrics Technology Market Share, By Application, 2023 and 2033
- 6.2 Face
- 6.2.1 Global Contactless Biometrics Technology Market by Face, 2024 – 2033 (USD Billion)
- 6.3 Fingerprint
- 6.3.1 Global Contactless Biometrics Technology Market by Fingerprint, 2024 – 2033 (USD Billion)
- 6.4 Iris
- 6.4.1 Global Contactless Biometrics Technology Market by Iris, 2024 – 2033 (USD Billion)
- 6.5 Voice
- 6.5.1 Global Contactless Biometrics Technology Market by Voice, 2024 – 2033 (USD Billion)
- 6.6 Others
- 6.6.1 Global Contactless Biometrics Technology Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Contactless Biometrics Technology Market Overview: By Application
- Chapter 7. Global Contactless Biometrics Technology Market – End User Analysis
- 7.1 Global Contactless Biometrics Technology Market Overview: By End User
- 7.1.1 Global Contactless Biometrics Technology Market Share, By End User, 2023 and 2033
- 7.2 Banking & Finance
- 7.2.1 Global Contactless Biometrics Technology Market by Banking & Finance, 2024 – 2033 (USD Billion)
- 7.3 Consumer Electronics
- 7.3.1 Global Contactless Biometrics Technology Market by Consumer Electronics, 2024 – 2033 (USD Billion)
- 7.4 Healthcare
- 7.4.1 Global Contactless Biometrics Technology Market by Healthcare, 2024 – 2033 (USD Billion)
- 7.5 Transport & Logistics
- 7.5.1 Global Contactless Biometrics Technology Market by Transport & Logistics, 2024 – 2033 (USD Billion)
- 7.6 Defense & Security
- 7.6.1 Global Contactless Biometrics Technology Market by Defense & Security, 2024 – 2033 (USD Billion)
- 7.7 Others
- 7.7.1 Global Contactless Biometrics Technology Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Contactless Biometrics Technology Market Overview: By End User
- Chapter 8. Contactless Biometrics Technology Market – Regional Analysis
- 8.1 Global Contactless Biometrics Technology Market Regional Overview
- 8.2 Global Contactless Biometrics Technology Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Contactless Biometrics Technology Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.4 North America Contactless Biometrics Technology Market, by Component, 2024 – 2033
- 8.4.1 North America Contactless Biometrics Technology Market, by Component, 2024 – 2033 (USD Billion)
- 8.5 North America Contactless Biometrics Technology Market, by Application, 2024 – 2033
- 8.5.1 North America Contactless Biometrics Technology Market, by Application, 2024 – 2033 (USD Billion)
- 8.6 North America Contactless Biometrics Technology Market, by End User, 2024 – 2033
- 8.6.1 North America Contactless Biometrics Technology Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Contactless Biometrics Technology Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Contactless Biometrics Technology Market, by Component, 2024 – 2033
- 8.8.1 Europe Contactless Biometrics Technology Market, by Component, 2024 – 2033 (USD Billion)
- 8.9 Europe Contactless Biometrics Technology Market, by Application, 2024 – 2033
- 8.9.1 Europe Contactless Biometrics Technology Market, by Application, 2024 – 2033 (USD Billion)
- 8.10 Europe Contactless Biometrics Technology Market, by End User, 2024 – 2033
- 8.10.1 Europe Contactless Biometrics Technology Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Contactless Biometrics Technology Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Contactless Biometrics Technology Market, by Component, 2024 – 2033
- 8.12.1 Asia Pacific Contactless Biometrics Technology Market, by Component, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Contactless Biometrics Technology Market, by Application, 2024 – 2033
- 8.13.1 Asia Pacific Contactless Biometrics Technology Market, by Application, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Contactless Biometrics Technology Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Contactless Biometrics Technology Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Contactless Biometrics Technology Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Contactless Biometrics Technology Market, by Component, 2024 – 2033
- 8.16.1 Latin America Contactless Biometrics Technology Market, by Component, 2024 – 2033 (USD Billion)
- 8.17 Latin America Contactless Biometrics Technology Market, by Application, 2024 – 2033
- 8.17.1 Latin America Contactless Biometrics Technology Market, by Application, 2024 – 2033 (USD Billion)
- 8.18 Latin America Contactless Biometrics Technology Market, by End User, 2024 – 2033
- 8.18.1 Latin America Contactless Biometrics Technology Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Contactless Biometrics Technology Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Contactless Biometrics Technology Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Contactless Biometrics Technology Market, by Component, 2024 – 2033
- 8.20.1 The Middle-East and Africa Contactless Biometrics Technology Market, by Component, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Contactless Biometrics Technology Market, by Application, 2024 – 2033
- 8.21.1 The Middle-East and Africa Contactless Biometrics Technology Market, by Application, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Contactless Biometrics Technology Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Contactless Biometrics Technology Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 NEC Corporation
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Gemalto
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 IDEMIA
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Fingerprint Cards AB
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Aware Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Crossmatch
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 BIO-key International Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Cognitec Systems GmbH
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Daon
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 FaceFirst Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Fujitsu Limited
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 HID Global Corporation
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 IDEX Biometrics ASA
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 ImageWare Systems Inc.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 M2SYS Technology
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Precise Biometrics AB
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 SecuGen Corporation
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Synaptics Incorporated
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Thales Group
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 ZKTeco Inc.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 NEC Corporation
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- NEC Corporation
- Gemalto
- IDEMIA
- Fingerprint Cards AB
- Aware Inc.
- Crossmatch
- BIO-key International Inc.
- Cognitec Systems GmbH
- Daon
- FaceFirst Inc.
- Fujitsu Limited
- HID Global Corporation
- IDEX Biometrics ASA
- ImageWare Systems Inc.
- M2SYS Technology
- Precise Biometrics AB
- SecuGen Corporation
- Synaptics Incorporated
- Thales Group
- ZKTeco Inc.
- Others
FAQs
The major driver for the Contactless Biometrics Technology market increasing security concerns and the adoption of biometrics in various industries.
The “Face” had the largest share in the global market for Contactless Biometrics Technology.
The “Hardware” category dominated the market in 2023.
The key players in the market are NEC Corporation, Gemalto, IDEMIA, Fingerprint Cards AB, Aware Inc., Crossmatch, BIO-key International Inc., Cognitec Systems GmbH, Daon, FaceFirst Inc., Fujitsu Limited, HID Global Corporation, IDEX Biometrics ASA, ImageWare Systems Inc., M2SYS Technology, Precise Biometrics AB, SecuGen Corporation, Synaptics Incorporated, Thales Group, ZKTeco Inc., Others.
“Asia-Pacific” had the largest share in the Contactless Biometrics Technology Market.
The global market is projected to grow at a CAGR of 17.7% during the forecast period, 2024-2033.
The Contactless Biometrics Technology Market size was valued at USD 15.5 Billion in 2024.