Biometric Technologies Market Industry Analysis, Size And Forecast To 2034

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The biometric technologies market has experienced rapid growth in recent years, rising from $58.46 billion in 2024 to $65.67 billion in 2025, representing a compound annual growth rate (CAGR) of 12.3%. This growth is largely attributed to increasing cybersecurity threats, rising security concerns, adoption in healthcare for patient identification, use in time and attendance systems, and use in border control and immigration.

The market is expected to continue its rapid growth trajectory in the coming years, projected to reach $116.58 billion in 2029 at a CAGR of 15.4%. This forecasted growth can be attributed to the emergence of wearable biometric devices, integration with smart cities initiatives, focus on user convenience, growth in remote authentication, and use in aviation and travel security. Major trends in the forecast period include integration with artificial intelligence (AI), expansion in mobile biometrics, multi-modal biometrics adoption, remote authentication solutions, and blockchain integration for enhanced security.

The growing adoption of biometric technologies in consumer electronics is expected to be a major factor propelling the growth of the biometric technology market in the upcoming years. Consumer electronics, covering devices like mobile devices, security systems, access control door locks, automotive, home automation, internet of things (IoT), and game consoles, are increasingly incorporating biometric technology for safety and added features. According to Deloitte Touche Tohmatsu Limited, in the past three years, sales have shown varying growth rates with computers increasing by 34%, TV sets by 12%, and smartphones by 1% globally. This increasing adoption of biometric technologies in consumer electronics is expected to drive the market’s growth.

The Biometric Technologies Market Report covers the following segments:

1) By Offering: Hardware, Software

2) By Type: Contact-Based, Contact-Less, Hybrid

3) By Authentication Type: Single-Factor Authentication, Multi-Factor Authentication

4) By Application: Face, Hand Geometry, Voice, Signature, Iris, Automated Fingerprint Identification System (AFIS), Non-Automated Fingerprint Identification System (AFIS), Other Applications

5) By Vertical: Government, Consumer Electronics, Military And Defense, Healthcare, Banking And Finance, Travel And Immigration, Automotive, Security, Other Verticals

Key players operating in the biometric technologies market include Fujitsu Frontech Limited, Imageware Systems Inc., Suprema HQ Inc., IDEMIA Group, Secunet Security Networks AG, Thales S.A., BIO-key International, Nippon Electric Company Limited Corporation, Precise Biometrics, Aware Inc., Cognitec Systems GmbH, Daon Inc., M2SYS Technology, 3M Company, DERMALOG Identification Systems GmbH, Assa Abloy AB, Fulcrum Biometrics LLC, Facebanx Ltd., Integrated Biometrics LLC, Accu-Time Systems, East Shore Technology, EveVerify, Suprema Inc., Hitachi, FaceFirst, Nuance Communications, BI2 Technologies, Biometix Pty Ltd, Fingerprint Cards, and BTBL Co. Ltd.

Technological advancements are a key trend in the biometric technologies market. Major companies are focused on developing innovative solutions using artificial intelligence to strengthen their market position. For example, in March 2022, Touchless Biometric Systems introduced 3D Fly, an innovative sensor offering on-the-fly user identification. 3D Fly uses AI-assisted hand recognition technology and fast data processing to identify a person within a second, allowing users to exhibit their hands during the procedure while moving near 3D Fly and past the speed gate without stopping or slowing down.

Asia-Pacific was the largest region in the biometric technologies market in 2024, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Biometric technology is an automated or computerized process essential for the security and identification of a person based on some aspect of their biology. It offers enhanced recognition or authentication methods compared to conventional techniques like passwords and pin codes, helping to keep information safe from fraudulent activity and offer secure and long-lasting security benefits to individuals and organizations. This Biometric Technologies Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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