The Biometric Technologies Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Biometric Technologies Market?
The market size for biometric technologies has seen impressive growth lately. The market, which was worth $58.46 billion in 2024, is projected to increase to $65.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Biometric Technologies Industry?
The Biometric Technologies market is predicted to expand to a value of $116.58 billion in 2029. The forecasted compound annual growth rate (CAGR) in this timeframe is 15.4%.
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What are the Key Growth Drivers Fueling the Biometric Technologies Market?
The key drivers in the biometric technologies market are:
• Emergence and adoption of wearable biometric devices
• Integration of biometrics technology within smart cities initiatives
• Increased focus on user convenience
• Growth in the use of biometrics for remote authentication and aviation/travel security
Global Market Segmentation: Identifying Major Biometric Technologies Industry Segments
The biometric technologies market covered in this report is segmented –
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
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What are the Emerging Trends Shaping the Future of the Biometric Technologies Market?
The key trends in the biometric technologies market are:
• The trend of wearable biometric devices is emerging in the market.
• There is an increasing trend of integrating biometric technologies with smart cities initiatives.
• Biometric technologies are expanding into mobile and remote authentication solutions.
• The integration of biometric technologies with blockchain and artificial intelligence for enhanced security is an emerging trend.
Who Are the Top Competitors & Leading Players in the Biometric Technologies Market?
Major companies in the biometric technologies market are:
• 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
• BTBL Co. Ltd
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the biometric technologies market share in 2024
