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Global Contactless Biometrics Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Contactless Biometrics
What Is the Contactless Biometrics Market Size and Projected Growth Rate?
S1.
In the past few years, there has been a significant expansion in the contactless biometrics market size. The market size, which stands at $22.37 billion in 2024, is forecasted to escalate to $25.84 billion in 2025, with a compound annual growth rate (CAGR) of 15.5%. This period of historic growth can be tied to an increase in concern regarding cleanliness and infection prevention, coupled with a surge in the requirement for safe and easy identity verification. Other contributing factors include the increasing implementation of contactless technologies across various sectors, improvements in user experience and convenience through biometric authentication, and a growing need for quick and secure access controls.
The market size of contactless biometrics is anticipated to witness substantial growth over the upcoming years, projected to reach $51.15 billion by the year 2029, with a compound annual growth rate (CAGR) of 18.6%. Factors contributing to this growth in the forecast period include the increasing usage of contactless biometrics for patient identification in the healthcare sector, the incorporation of these biometrics in smart city projects, the rising need for the same in financial transactions, as well as integration in access control systems. Furthermore, the growing regulatory demands for data protection and privacy also play a role. During this forecast period, key trends would comprise advancements in biometric authentication sensor technology, the emergence of touchless fingerprint identification technology, the acceptance of facial recognition systems in contactless biometrics, integration of touchless iris recognition for secure verification, and the application of behavioral biometrics for continuous verification.
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What Are the Major Segments in the Contactless Biometrics Market?
The contactless biometrics market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Contactless Fingerprint Technology, Facial Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, Contactless Cards
3) By Application: Face, Fingerprint, Hand Geometry, Iris, Voice, Other Applications
4) By End User: Government, BFSI, Consumer electronics, Healthcare, Transport And logistics, Defense And Security, Other End Users
Subsegments:
1) By Hardware: Biometric Scanners, Cameras, Sensors, Access Control Devices
2) By Software: Biometric Recognition Software, Data Management Software, Integration Software, Analytics Software
3) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training Services
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What Are The Driving Contactless Biometrics Market Evolution?
The growth of the contactless biometric market is fueled by the increasing use of contactless payment systems. Using such systems, a customer approves a financial transaction wirelessly by bringing a security token close to the seller's point of sale (PoS) scanner. The Consumer Financial Protection Bureau indicated that in September 2023, there were about 25 million Google Pay users in America in 2021. In 2022, these consumers spent $65.2 billion at stores using Google Pay, an increase from $24.8 billion in 2021. Consequently, the need for contactless biometrics is anticipated to escalate with the growing popularity of contactless payment methods.
Which Firms Dominate The Contactless Biometrics Market Segments?
Major companies operating in the contactless biometrics market include Touchless Biometric Systems AG, IDEMIA SAS, Fujitsu Limited, NEC Corporation, Fingerprint Cards AB, Megvii, Suprema Inc., Thales Group, Crossmatch Solutions Inc., Synaptics Incorporated, Aware Inc., HID Global Corporation, BIO-key International Inc., FaceTec Inc., IDEX Biometrics ASA, Precise Biometrics AB, M2SYS Technology, Innovatrics s. r. o., Egis Technology Inc., Shenzhen Goodix Technology Co. Ltd., ZKTeco Inc., NEXT Biometrics Group ASA, Veridium Ltd., Neurotechnology UAB, Zebra Medical Vision Ltd., Cognitec Systems GmbH, Zwipe AS, 3M Cogent Inc., Daon Holdings Limited
What Trends Are Expected to Dominate the Contactless Biometrics Market in the Next 5 Years?
The surge in technological advancements is an emerging trend primarily in the contactless biometrics sector, with major industry corporations pioneering new products and technologies to enhance the demand. For example, Moqi Technology, an AI-technology firm based in China, introduced a 3D touchless fingerprint biometric scanner in April 2022. This innovative scanner can register 10 fingers in merely 200 seconds, offering 3D modeling of the finger surface with an extraordinary sub-millimeter precision. Moreover, it provides NFIQ 2 values for biometric data quality, reportedly 20% superior to contact fingerprint scanners. In addition, Moqi suggests that a palmprint comparison system can be incorporated alongside the fingerprint scanner for a more accurate biometric registration.
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Which Is The Largest Region In The Contactless Biometrics Market?
North America was the largest region in the contact biometric market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the contactless biometrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Contactless Biometrics Market?
2. What is the CAGR expected in the Contactless Biometrics Market?
3. What Are the Key Innovations Transforming the Contactless Biometrics Industry?
4. Which Region Is Leading the Contactless Biometrics Market?
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