Dublin, April 12, 2024 (GLOBE NEWSWIRE) -- The "Contactless Biometric Technology Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global contactless biometric technology market is expected to reach an estimated $44.9 billion by 2030 with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are expanding number of air travelers across the globe, growing penetration of smartphones and tablets, and rising investments in facial recognition technologies by government and defense sectors.
The future of the market looks promising with opportunities in the government, banking & finance, consumer electronics, healthcare, transport & logistics, and defense & security markets. This study includes a forecast for the global contactless biometric technology by component, application, end use, and region.
Contactless Biometric Technology Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Hardware
- Software
- Services
Contactless Biometric Technology Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Face
- Fingerprint
- Hand Geometry
- Iris
- Voice
- Others
Contactless Biometric Technology Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Government
- Banking & Finance
- Consumer Electronics
- Healthcare
- Transport & Logistics
- Defense & Security
- Others
Contactless Biometric Technology Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Contactless Biometric Technology Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies contactless biometric technology companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the contactless biometric technology companies profiled in this report include:
- Aware
- Fingerprint Cards
- Fujitsu
- Gemalto
- HID Global
- IDEMIA
- M2SYS Technology
- NEC
- nViaSoft
- Touchless Biometric Systems
Contactless Biometric Technology Market Insights
- Face applications will remain the largest segment over the forecast period due to its extensive utilization in both the public and private sectors for access control and security.
- Within this market, government will remain the largest segment due to rising use of contactless biometric technology in various government functions to increase efficiency, simplify procedures, and fortify security.
- North America will remain the largest region over the forecast period due to existence of well established technology suppliers in the region.
Features of the Global Contactless Biometric Technology Market
- Market Size Estimates: Contactless biometric technology market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Contactless biometric technology market size by component, application, end use, and region in terms of value ($B).
- Regional Analysis: Contactless biometric technology market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different component, application, end use, and regions for the contactless biometric technology market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the contactless biometric technology market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the contactless biometric technology market by component, application, end use, and region?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For more information about this report visit https://www.researchandmarkets.com/r/f3493k
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