PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643621
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643621
The global contactless biometrics market is experiencing significant growth, with its size projected to reach $81.6 billion by 2032, increasing from $21.5 billion in 2024, at a compound annual growth rate (CAGR) of 18.3% during the forecast period (2025-2032). This growth is driven by the rising adoption of contactless biometric technologies, heightened security concerns, and government initiatives promoting their use. For example, advancements in facial authentication systems for banking and other sectors are contributing to increased adoption.
Key Insights
The integration of artificial intelligence and machine learning into contactless biometric systems is enhancing their accuracy and efficiency. These technologies enable real-time identification and verification, strengthening security measures across various industries.
Contactless biometric systems are widely utilized for criminal identification and forensics, onboarding and KYC processes, and access control. The increasing frequency of fraudulent activities and identity theft, along with expanding use cases for digital identity, is driving the adoption of these systems.
North America holds a significant market share due to early adoption of advanced technologies and substantial investments in security infrastructure. The Asia-Pacific region is expected to witness the fastest growth, fueled by government initiatives and the rising adoption of contactless biometric solutions in countries like India and China.
National governments and private organizations are increasingly adopting contactless biometric systems for various applications. High adoption is observed in airports, government facilities, offices, financial institutions, and defense establishments. These systems enhance security, streamline processes, and save time, particularly in high-traffic and sensitive areas.