Mexico - Latin America Biometric Technology Market Size & Outlook
Mexico - Latin America Biometric Technology Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico biometric technology market highlights
- The Mexico biometric technology market generated a revenue of USD 751.4 million in 2023 and is expected to reach USD 3,376.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 23.9% 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 751.4 million |
| Market revenue in 2030 | USD 3,376.0 million |
| Growth rate | 23.9% (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, Mexico accounted for 1.8% 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 Latin America, Brazil biometric technology market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 3,376.0 million by 2030.
The government of Mexico is taking significant initiatives to augment the Biometric technology market in this region. For instance, The Mexican government has introduced measures that violate people’s online privacy, including a massive, centralized urban monitoring system in Mexico City and legislation requiring people to provide their biometric data to use a mobile device.
Moreover, airports in Mexico have deployed biometric technology to reinforce border control. This process is done by introducing SITA’s Automated Border Control kiosk by automation in the entry process.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
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 |
Mexico - Latin America 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 42.59% in 2023.
Horizon Databook has segmented the Mexico - Latin America biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Mexico is taking significant initiatives to augment the Biometric technology market in this region. For instance, The Mexican government has introduced measures that violate people’s online privacy, including a massive, centralized urban monitoring system in Mexico City and legislation requiring people to provide their biometric data to use a mobile device.
Moreover, airports in Mexico have deployed biometric technology to reinforce border control. This process is done by introducing SITA’s Automated Border Control kiosk by automation in the entry process.
- Mexico - Latin America Biometric Technology Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Service
- Mexico - Latin America Biometric Technology Market Offering Outlook (Revenue, USD Million , 2018-2030)
- Contact
- Contactless
- Hybrid
- Mexico - Latin America Biometric Technology Market Authentication Type Outlook (Revenue, USD Million , 2018-2030)
- Single Factor
- Two Factor
- Three Factor
- Four Factor
- Five Factor
- Mexico - Latin America Biometric Technology Market Application Outlook (Revenue, USD Million , 2018-2030)
- Face
- Hand Geometry
- Voice
- Signature
- Iris
- AFIS
- Non-AFIS
- Others
- Mexico - Latin America Biometric Technology Market End-Use Outlook (Revenue, USD Million , 2018-2030)
- Government
- Banking and Finance
- Consumer Electronics
- Healthcare
- Transport/Logistics
- Defense & Security
- Others
Reasons to subscribe to Biometric Technology Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Biometric Technology Market Outlook databook
- Our clientele includes a mix of Biometric Technology Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - Latin America Biometric Technology Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - Latin America Biometric Technology Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - Latin America Biometric Technology Market, 2018-2030 (US$M)
Mexico biometric technology market statistics, by component, 2018-2030 (US$M)
