Japan Biometric Technology Market Size & Outlook, 2023-2030
Japan Biometric Technology Market, 2018-2030 (US$M)
Global Market
Related Markets
Japan biometric technology market highlights
- The Japan biometric technology market generated a revenue of USD 2,465.1 million in 2023 and is expected to reach USD 10,122.9 million by 2030.
- The Japan 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.
Biometric technology market data book summary
| Market revenue in 2023 | USD 2,465.1 million |
| Market revenue in 2030 | USD 10,122.9 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 6.0% of the global biometric technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biometric technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,399.2 million by 2030.
The Japan Biometric technology market is expected to witness significant growth over the forecast period. The Japanese government is focusing on adopting Biometric technology for checking thavelers’ identities owing to the rising need for improving border security.
For instance, in July 2019, NEC Corporation received an order from the Ministry of finance, Japan, to install face recognition system at Narita International Airport, Fukuoka Airport, Kansai International Airport, Haneda Airport; and Chubu International Airport.
This is driving the market growth in Japan. Many essential and precious assets are found in end-user industries like BFSI and healthcare. Any security lapse or breach can be extremely costly and result in lost revenue. As a result, various sectors of the economy in the country are implementing strict regulations to safeguard sensitive customer data with innovative technology.
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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 |
Japan 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 42.42% in 2023.
Horizon Databook has segmented the Japan biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
The Japan Biometric technology market is expected to witness significant growth over the forecast period. The Japanese government is focusing on adopting Biometric technology for checking thavelers’ identities owing to the rising need for improving border security.
For instance, in July 2019, NEC Corporation received an order from the Ministry of finance, Japan, to install face recognition system at Narita International Airport, Fukuoka Airport, Kansai International Airport, Haneda Airport; and Chubu International Airport.
This is driving the market growth in Japan. Many essential and precious assets are found in end-user industries like BFSI and healthcare. Any security lapse or breach can be extremely costly and result in lost revenue. As a result, various sectors of the economy in the country are implementing strict regulations to safeguard sensitive customer data with innovative technology.
- Japan Biometric Technology Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Service
- Japan Biometric Technology Market Offering Outlook (Revenue, USD Million , 2018-2030)
- Contact
- Contactless
- Hybrid
- Japan Biometric Technology Market Authentication Type Outlook (Revenue, USD Million , 2018-2030)
- Single Factor
- Two Factor
- Three Factor
- Four Factor
- Five Factor
- Japan Biometric Technology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Face
- Hand Geometry
- Voice
- Signature
- Iris
- AFIS
- Non-AFIS
- Others
- Japan 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 country-level data and insights on the Japan Biometric Technology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Biometric Technology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Biometric Technology Market, 2018-2030 (US$M)
Japan biometric technology market statistics, by component, 2018-2030 (US$M)
