Contactless Biometrics Technology Market Forecasts to 2030 – Global Analysis By Type (Fingerprint Recognition, Face Recognition, Iris Recognition, Voice Recognition, Palm Recognition, Vein Recognition and Other Types), Component (Hardware, Software, Servi

Contactless Biometrics Technology Market Forecasts to 2030 – Global Analysis By Type (Fingerprint Recognition, Face Recognition, Iris Recognition, Voice Recognition, Palm Recognition, Vein Recognition and Other Types), Component (Hardware, Software, Service and Other Components), Application, End User and By Geography


According to Stratistics MRC, the Global Contactless Biometrics Technology Market is accounted for $16.02 billion in 2023 and is expected to reach $49.82 billion by 2030 growing at a CAGR of 16.8% during the forecast period. Contactless biometrics technology refers to the use of biometric authentication methods that do not require physical contact with a device or sensor. Instead of traditional fingerprint scanners or iris readers, contactless biometrics utilizes technologies like facial recognition, palm vein recognition, or voice recognition to verify a person's identity. This technology offers convenience, hygiene, and enhanced security by eliminating the need for physical contact.

According to the Center for Strategic & International Studies Report (CSIS) 2021, China is at the forefront of the global digital payment revolution.

Market Dynamics:

Driver:

Growing concerns over security threats

Growing concerns over security threats, including identity theft and unauthorized access, are driving the rapid expansion of the contactless biometrics technology. This technology offers a secure and convenient solution by authenticating individuals based on unique physiological characteristics such as fingerprints, iris patterns, or facial features, without the need for physical contact. With its ability to enhance security measures while ensuring user convenience, it is increasingly adopted across various sectors, propelling its market growth significantly.

Restraint:

Lack of standardization

The lack of standardization in contactless biometrics technology stems from the diversity of biometric modalities, proprietary algorithms, and varying integration methods across different systems and vendors. This absence of unified standards poses interoperability challenges, hindering seamless integration and compatibility among different biometric systems and devices. Consequently, it complicates adoption efforts for businesses and organizations, leading to slower market growth.

Opportunity:

Increasing penetration of smart phones

Smart phones are equipped with advanced biometric sensors, such as fingerprint scanners and facial recognition technology, which enhance security and convenience. As more individuals adopt smart phones globally, there is a parallel surge in demand for contactless biometric solutions for authentication and identity verification purposes. This trend fuels market expansion as businesses and consumers alike seek seamless, secure, and user-friendly methods of access and authentication in various sectors.

Threat:

High initial costs

High initial costs in contactless biometrics technology primarily branch from the sophisticated hardware and software required for development and implementation. These technologies often demand significant investment in research, development, and infrastructure setup. Consequently, this factor hampers market growth as it creates barriers to entry for businesses, slows down adoption rates, and limits the market size where financial resources are limited or allocated conservatively.

Covid-19 Impact

The covid-19 pandemic has significantly accelerated the adoption of contactless biometrics technology. Concerns over virus transmission have propelled the demand for touch less authentication methods in various sectors. With a heightened focus on hygiene and safety, businesses and governments worldwide are increasingly implementing facial recognition, iris scanning, and other contactless biometric solutions. As a result, the contactless biometrics technology market has witnessed rapid growth and innovation to meet evolving needs and expectations.

The fingerprint recognition segment is expected to be the largest during the forecast period

The fingerprint recognition segment is estimated to have a lucrative growth. Contactless biometrics technology is revolutionizing fingerprint recognition applications by eliminating the need for physical contact while maintaining high levels of accuracy and security. This advancement allows for seamless and hygienic authentication processes in various industries. This innovation not only enhances user convenience but also addresses concerns about hygiene, making it an increasingly preferred choice for secure identity verification in diverse environments.

The sensors segment is expected to have the highest CAGR during the forecast period

The sensors segment is anticipated to witness the highest CAGR growth during the forecast period, due to its accurate and secure identification. These sensors, capture biometric data such as facial features, iris patterns, or fingerprint impressions. Advanced algorithms analyze this data to create unique biometric templates, ensuring reliable authentication. Infrared sensors enhance accuracy in low-light conditions, while liveness detection sensors prevent spoofing attempts. Its robust and convenient solutions for authentication across various industries propel the segment demand.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to its convenience, security, and hygiene benefits. Countries like China, Japan, and South Korea are leading the adoption, driven by the proliferation of smart phones and government initiatives promoting digital identity solutions. With the region's large population and tech-savvy consumers, contactless biometrics is poised to reshape the way people interact with digital services, enhancing both user experience and security.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to its convenience, efficiency, and heightened security. The United States and Canada are witnessing widespread adoption across various sectors, including finance, healthcare, and government services. With its potential to enhance user experience while bolstering security measures, contactless biometrics is poised to become a ubiquitous feature of digital interactions throughout the region.

Key players in the market

Some of the key players profiled in the Contactless Biometrics Technology Market include Aware, Inc., BioConnect, BIO-key International, Inc., Cognitec Systems, DERMALOG Identification Systems GmbH, FaceFirst, Fingerprint Cards AB, Fujitsu Limited, Gemalto N.V., IdentyTech Solutions, Innovatrics, M2SYS Technology, Mantra Softech, NEC Corporation,Precise Biometrics, Touchless Biometric Systems AG, Veridium, Vision-Box, IDEMIA and Moqi.

Key Developments:

In March 2023, IDEMIA launched two new contactless fingerprint terminals, the MorphoWave SP and MorphoWave XP, at the Intersec 2022 tradeshow in Dubai. These terminals have integrated physical and software features, and are IP65 rated. They use the latest biometric algorithms, and are the only physical access control terminals to undergo rigorous testing.

In June 2022, Moqi, an innovative AI company and a leading provider of cutting-edge biometric enrollment and authentication technologies, has launched a new suite of solutions designed to enable contactless scanning at a time of heightened concern about the spread of COVID-19 and other pathogens. The solutions were debuted at this year’s Milipol Asia-Pacific event in Singapore.

Types Covered:
• Fingerprint Recognition
• Face Recognition
• Iris Recognition
• Voice Recognition
• Palm Recognition
• Vein Recognition
• Other Types

Components Covered:
• Hardware
• Software
• Service
• Other Components

Applications Covered:
• Identity Verification & Authentication
• Access Control & Security
• Payments & Transactions
• Surveillance & Monitoring
• Attendance Tracking & Time Management
• Surveillance & Monitoring
• Other Applications

End Users Covered:
• Government & Defense
• Healthcare
• Transportation & Logistics
• Banking, Financial Services, & Insurance
• IT & Telecommunications
• Hospitality
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Contactless Biometrics Technology Market, By Type
5.1 Introduction
5.2 Fingerprint Recognition
5.3 Face Recognition
5.4 Iris Recognition
5.5 Voice Recognition
5.6 Palm Recognition
5.7 Vein Recognition
5.8 Other Types
6 Global Contactless Biometrics Technology Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Sensors
6.2.2 3D cameras
6.2.3 Scanners
6.2.4 Microphones
6.3 Software
6.3.1 Identification Software
6.3.2 Enrollment Software
6.3.3 Security Software
6.3.4 Algorithms
6.3.5 Middleware
6.4 Service
6.4.1 Integration & Implementation Services
6.4.2 Consulting & Advisory Services
6.4.3 Maintenance & Support Services
6.4.4 Other Services
6.5 Other Components
7 Global Contactless Biometrics Technology Market, By Application
7.1 Introduction
7.2 Identity Verification & Authentication
7.3 Access Control & Security
7.4 Payments & Transactions
7.5 Surveillance & Monitoring
7.6 Attendance Tracking & Time Management
7.7 Surveillance & Monitoring
7.8 Other Applications
8 Global Contactless Biometrics Technology Market, By End User
8.1 Introduction
8.2 Government & Defense
8.3 Healthcare
8.4 Transportation & Logistics
8.5 Banking, Financial Services, & Insurance
8.6 IT & Telecommunications
8.7 Hospitality
8.8 Other End Users
9 Global Contactless Biometrics Technology Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Aware, Inc.
11.2 BioConnect
11.3 BIO-key International, Inc.
11.4 Cognitec Systems
11.5 DERMALOG Identification Systems GmbH
11.6 FaceFirst
11.7 Fingerprint Cards AB
11.8 Fujitsu Limited
11.9 Gemalto N.V.
11.10 IdentyTech Solutions
11.11 Innovatrics
11.12 M2SYS Technology
11.13 Mantra Softech
11.14 NEC Corporation
11.15 Precise Biometrics
11.16 Touchless Biometric Systems AG
11.17 Veridium
11.18 Vision-Box
11.19 IDEMIA
11.20 Moqi
List of Tables
Table 1 Global Contactless Biometrics Technology Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Contactless Biometrics Technology Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Contactless Biometrics Technology Market Outlook, By Fingerprint Recognition (2021-2030) ($MN)
Table 4 Global Contactless Biometrics Technology Market Outlook, By Face Recognition (2021-2030) ($MN)
Table 5 Global Contactless Biometrics Technology Market Outlook, By Iris Recognition (2021-2030) ($MN)
Table 6 Global Contactless Biometrics Technology Market Outlook, By Voice Recognition (2021-2030) ($MN)
Table 7 Global Contactless Biometrics Technology Market Outlook, By Palm Recognition (2021-2030) ($MN)
Table 8 Global Contactless Biometrics Technology Market Outlook, By Vein Recognition (2021-2030) ($MN)
Table 9 Global Contactless Biometrics Technology Market Outlook, By Other Types (2021-2030) ($MN)
Table 10 Global Contactless Biometrics Technology Market Outlook, By Component (2021-2030) ($MN)
Table 11 Global Contactless Biometrics Technology Market Outlook, By Hardware (2021-2030) ($MN)
Table 12 Global Contactless Biometrics Technology Market Outlook, By Sensors (2021-2030) ($MN)
Table 13 Global Contactless Biometrics Technology Market Outlook, By 3D cameras (2021-2030) ($MN)
Table 14 Global Contactless Biometrics Technology Market Outlook, By Scanners (2021-2030) ($MN)
Table 15 Global Contactless Biometrics Technology Market Outlook, By Microphones (2021-2030) ($MN)
Table 16 Global Contactless Biometrics Technology Market Outlook, By Software (2021-2030) ($MN)
Table 17 Global Contactless Biometrics Technology Market Outlook, By Identification Software (2021-2030) ($MN)
Table 18 Global Contactless Biometrics Technology Market Outlook, By Enrollment Software (2021-2030) ($MN)
Table 19 Global Contactless Biometrics Technology Market Outlook, By Security Software (2021-2030) ($MN)
Table 20 Global Contactless Biometrics Technology Market Outlook, By Algorithms (2021-2030) ($MN)
Table 21 Global Contactless Biometrics Technology Market Outlook, By Middleware (2021-2030) ($MN)
Table 22 Global Contactless Biometrics Technology Market Outlook, By Service (2021-2030) ($MN)
Table 23 Global Contactless Biometrics Technology Market Outlook, By Integration & Implementation Services (2021-2030) ($MN)
Table 24 Global Contactless Biometrics Technology Market Outlook, By Consulting & Advisory Services (2021-2030) ($MN)
Table 25 Global Contactless Biometrics Technology Market Outlook, By Maintenance & Support Services (2021-2030) ($MN)
Table 26 Global Contactless Biometrics Technology Market Outlook, By Other Services (2021-2030) ($MN)
Table 27 Global Contactless Biometrics Technology Market Outlook, By Other Components (2021-2030) ($MN)
Table 28 Global Contactless Biometrics Technology Market Outlook, By Application (2021-2030) ($MN)
Table 29 Global Contactless Biometrics Technology Market Outlook, By Identity Verification & Authentication (2021-2030) ($MN)
Table 30 Global Contactless Biometrics Technology Market Outlook, By Access Control & Security (2021-2030) ($MN)
Table 31 Global Contactless Biometrics Technology Market Outlook, By Payments & Transactions (2021-2030) ($MN)
Table 32 Global Contactless Biometrics Technology Market Outlook, By Surveillance & Monitoring (2021-2030) ($MN)
Table 33 Global Contactless Biometrics Technology Market Outlook, By Attendance Tracking & Time Management (2021-2030) ($MN)
Table 34 Global Contactless Biometrics Technology Market Outlook, By Surveillance & Monitoring (2021-2030) ($MN)
Table 35 Global Contactless Biometrics Technology Market Outlook, By Other Applications (2021-2030) ($MN)
Table 36 Global Contactless Biometrics Technology Market Outlook, By End User (2021-2030) ($MN)
Table 37 Global Contactless Biometrics Technology Market Outlook, By Government & Defense (2021-2030) ($MN)
Table 38 Global Contactless Biometrics Technology Market Outlook, By Healthcare (2021-2030) ($MN)
Table 39 Global Contactless Biometrics Technology Market Outlook, By Transportation & Logistics (2021-2030) ($MN)
Table 40 Global Contactless Biometrics Technology Market Outlook, By Banking, Financial Services, & Insurance (2021-2030) ($MN)
Table 41 Global Contactless Biometrics Technology Market Outlook, By IT & Telecommunications (2021-2030) ($MN)
Table 42 Global Contactless Biometrics Technology Market Outlook, By Hospitality (2021-2030) ($MN)
Table 43 Global Contactless Biometrics Technology Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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