Asia Pacific Biometric Technology Market Size & Outlook
Asia Pacific Biometric Technology Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific biometric technology market highlights
- The Asia Pacific biometric technology market generated a revenue of USD 9,604.8 million in 2023.
- The market is expected to grow at a CAGR of 22.4% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,604.8 million |
| Market revenue in 2030 | USD 39,451.6 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Bio-K+ International, Fujitsu Ltd, Assa Abloy AB ADR, IDEMIA, LG Electronics Inc ADR, NEC Corp, Accu-Time Systems, AFIX Biometric Identification, DERMALOG, Gemalto |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.4% of the global biometric technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,451.6 million by 2030.
Various initiatives are being undertaken by the government and other similar institutions in order to boost the Biometric technology market. For instance, in November 2021, The French administration announced the renewal of the national identity card, which includes a biometric chip for online identification developed by IDEMIA, a French technology company.
This national identity card can be read by a smartphone, or any device equipped with an application specifically designed for this purpose, automatically certifying the owner's identity. Using biometric technologies to perform the analysis shortens the time it takes to identify other investigators and eliminates travel time.
For instance, in November 2022, France government donated to Ukraine a mobile DNA Biometric lab on wheels, the mobile DNA lab. Ukrainian forensic scientists are examining Russian acts of war using a mobile DNA lab van to collect better evidence of atrocities committed against civilians in eastern Ukraine in 2022.
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Biometric Technology Market Scope
Biometric Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fujitsu Ltd | View profile | 124,055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | www.fujitsu.com |
| NEC Corp | View profile | 118,527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | www.nec.com |
| IDEMIA | View profile | 10001+ | Courbevoie, Ile-de-France, France, Europe | www.idemia.com/ |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Bio-K+ International | View profile | 101-250 | Laval, Quebec, Canada, North America | www.biokplus.com |
| Assa Abloy AB ADR | View profile | 61,282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | www.assaabloy.com |
| Accu-Time Systems | View profile | 51-100 | Ellington, Connecticut, United States, North America | www.accu-time.com |
| AFIX Biometric Identification | View profile | - | Pittsburg, Kansas, United States, North America | afixbiometrics.com/ |
| DERMALOG | View profile | 101-250 | Hamburg, Hamburg, Germany, Europe | www.dermalog.com/ |
| Gemalto | View profile | 10001+ | Amsterdam, Noord-Holland, The Netherlands, Europe | www.gemalto.com |
Asia Pacific Biometric Technology Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Biometric Technology Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.39% in 2023.
Horizon Databook has segmented the Asia Pacific biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
Various initiatives are being undertaken by the government and other similar institutions in order to boost the Biometric technology market. For instance, in November 2021, The French administration announced the renewal of the national identity card, which includes a biometric chip for online identification developed by IDEMIA, a French technology company.
This national identity card can be read by a smartphone, or any device equipped with an application specifically designed for this purpose, automatically certifying the owner's identity. Using biometric technologies to perform the analysis shortens the time it takes to identify other investigators and eliminates travel time.
For instance, in November 2022, France government donated to Ukraine a mobile DNA Biometric lab on wheels, the mobile DNA lab. Ukrainian forensic scientists are examining Russian acts of war using a mobile DNA lab van to collect better evidence of atrocities committed against civilians in eastern Ukraine in 2022.
- Asia Pacific Biometric Technology Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Service
- Asia Pacific Biometric Technology Market Offering Outlook (Revenue, USD Million , 2018-2030)
- Contact
- Contactless
- Hybrid
- Asia Pacific Biometric Technology Market Authentication Type Outlook (Revenue, USD Million , 2018-2030)
- Single Factor
- Two Factor
- Three Factor
- Four Factor
- Five Factor
- Asia Pacific Biometric Technology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Face
- Hand Geometry
- Voice
- Signature
- Iris
- AFIS
- Non-AFIS
- Others
- Asia Pacific Biometric Technology Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Government
- Banking and Finance
- Consumer Electronics
- Healthcare
- Transport/Logistics
- Defense & Security
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Biometric Technology Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Biometric Technology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Biometric Technology Market, 2018-2030 (US$M)
Asia Pacific biometric technology market statistics, by component, 2018-2030 (US$M)
