Asia Pacific Biometric Technologies Market Forecast to 2030 - Regional Analysis - by Component, Type, Authentication Type, and End User

Description

List of Tables

The Asia Pacific biometric technologies market was valued at US$ 11,154.40 million in 2022 and is expected to reach US$ 35,439.18 million by 2030; it is estimated to register a CAGR of 15.5% from 2022 to 2030.

Technological Advancements Reinforcing Security Levels Boost Asia Pacific Biometric Technologies Market

Technological advancements in biometric technologies are focused on enhancing their versatility, security, and reach to masses. Artificial Intelligence (AI) and Machine Learning (ML) further contributing to the improvement of accuracy and reliability of biometric systems, lowering the possibilities of false positives and negatives, which would have a positive impact on security and user confidence. The expansion of AI-driven biometrics, particularly facial and behavioral biometrics (gait, voice, and accent recognition), is likely to fuel the emergence of new forms of real-time biometric identity verification through on-premises cameras. Biometric authentication technology has become more prevalent in the industrial sector with the most recent AI advancements. According to IBM, 20% of breaches are the result of compromised credentials. Moreover, detecting and addressing a data breach can take an average of 287 days, which further worsens the impact. AI-based security solutions are likely to be instrumental for businesses to stay competitive in any sector. IBM mentions 25% of companies had fully implemented AI-based security in place as of 2021, while 40% had completed partial implementation. As of 2021, purchasing AI-powered security could help save a business up to US$ 3.81 million. Although secure biometric passwords are in use and more sophisticated biometric solutions are available in the market, newer technologies concentrate on extracting more sophisticated biometric markers from the human body, each of which adds another difficult-to-fake biometric trait into the secure authentication process. These can include reading DNA signatures, hand geometry, odor recognition, and cardiac pattern recognition. Therefore, technological advancements are creating exciting opportunities for the biometric technology market.

Asia Pacific Biometric Technologies Market Overview

The Asia Pacific biometric technologies market is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in this region is expected to record the highest CAGR from 2022 to 2030. An upsurge in urbanization and digitalization results in a rise in the number of cyberattacks, and data breaching activities. According to the World Economic Forum, Asia Pacific observed the highest year-over-year increase in weekly cyberattack numbers during the first quarter of 2023, averaging 1,835 attacks per organization, which raises concern among organization to protect their sensitive information against cyber-attacks. Thus, a subsequent increase in the adoption of biometric software among consumers in Asia Pacific for authentication and identity verification purposes propels the market. The growing demand for biometric technologies across the globe encourages key market players in Asia Pacific to expand their global footprint by acquiring larger than-before consumer bases. In February 2023, Aratek Biometrics (as per its press release) organized numerous events in Mexico, Kenya, Amsterdam, France, and Singapore to showcase cutting-edge digital identity and biometric security technologies. This also allows the company to increase awareness related to the importance of biometric solutions, providing valuable insights into the trending biometric authentication solutions, and meeting the needs of governments and commercial entities around the world.

Asia Pacific Biometric Technologies Market Revenue and Forecast to 2030 (US$ Billion)

Asia Pacific Biometric Technologies Market Segmentation

The Asia Pacific biometric technologies market is categorized into component, type, authentication type, end user, and country.

Based on component, the Asia Pacific biometric technologies market is segmented into hardware, software, and services. The hardware segment held the largest share of Asia Pacific biometric technologies market share in 2022.

In terms of type, the Asia Pacific biometric technologies market is segmented into contact, contactless, and hybrid. The contact segment held the largest share of Asia Pacific biometric technologies market in 2022.

By authentication type, the Asia Pacific biometric technologies market is bifurcated into single factor authentication and multi factor authentication. The single factor authentication segment held a larger share of Asia Pacific biometric technologies market in 2022.

Based on end user, the Asia Pacific biometric technologies market is categorized into government, BFSI, healthcare, defense & security, and others. The government segment held the largest share of Asia Pacific biometric technologies market in 2022.

By country, the Asia Pacific biometric technologies market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific biometric technologies market share in 2022.

Aware, Inc.; Thales SA; Cognitec Systems GmbH; NEC Corp; IDEMIA France SAS; HID Global Corp; Fujitsu Ltd; Leidos Holdings, Inc.; and Precise Biometrics AB are some of the leading companies operating in the Asia Pacific biometric technologies market.

Product Code: BMIRE00030668

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Biometric Technologies Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
4.3 Premium Insight
- 4.3.1 Analysis on the Use of Biometrics in Airports Around the World

5. Asia Pacific Biometric Technologies Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Use of Biometric Technologies in Consumer Electronics
- 5.1.2 Expanding Application Range in Government Sector
- 5.1.3 Increasing Crime Rates
5.2 Market Restraints
- 5.2.1 High Capital Requirements
- 5.2.2 Data Security Concerns
5.3 Market Opportunities
- 5.3.1 Technological Advancements Reinforcing Security Levels
5.4 Future Trends
- 5.4.1 Increasing Use of Biometric Systems at Airports
5.5 Impact of Drivers and Restraints:

6. Biometric Technologies Market - Asia Pacific Market Analysis

6.1 Biometric Technologies Market Revenue (US$ Billion), 2020-2030
6.2 Biometric Technologies Market Forecast Analysis

7. Asia Pacific Biometric Technologies Market Analysis - by Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.3 Services
- 7.3.1 Overview
- 7.3.2 Services: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

8. Asia Pacific Biometric Technologies Market Analysis - by Type

8.1 Contact
- 8.1.1 Overview
- 8.1.2 Contact: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.2 Contactless
- 8.2.1 Overview
- 8.2.2 Contactless: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.3 Hybrid
- 8.3.1 Overview
- 8.3.2 Hybrid: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

9. Asia Pacific Biometric Technologies Market Analysis - by Authentication Type

9.1 Single Factor Authentication
- 9.1.1 Overview
- 9.1.2 Single Factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
9.2 Multi factor Authentication
- 9.2.1 Overview
- 9.2.2 Multi factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

10. Asia Pacific Biometric Technologies Market Analysis - by End User

10.1 Government
- 10.1.1 Overview
- 10.1.2 Government: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.3 Healthcare
- 10.3.1 Overview
- 10.3.2 Healthcare: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.4 Defense and Security
- 10.4.1 Overview
- 10.4.2 Defense and Security: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.5 Others
- 10.5.1 Overview
- 10.5.2 Others: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)

11. Asia Pacific Biometric Technologies Market - Country Analysis

11.1 Asia Pacific Market Overview
- 11.1.1 Asia Pacific: Biometric Technologies Market, By Key Country - Revenue and Forecast to 2030 (US$ Billion)
- 11.1.2 Asia Pacific: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.1 Asia Pacific: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
  - 11.1.2.2 China: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.2.1 China: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.2.2 China: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.2.3 China: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.2.4 China: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.3 Japan: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.3.1 Japan: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.3.2 Japan: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.3.3 Japan: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.3.4 Japan: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.4 India: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.4.1 India: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.4.2 India: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.4.3 India: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.4.4 India: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.5 South Korea: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.5.1 South Korea: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.5.2 South Korea: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.5.3 South Korea: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.5.4 South Korea: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.6 Australia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.6.1 Australia: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.6.2 Australia: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.6.3 Australia: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.6.4 Australia: Biometric Technologies Market Breakdown, by End User
  - 11.1.2.7 Rest of Asia Pacific: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.2.7.1 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by Component
    - 11.1.2.7.2 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by Type
    - 11.1.2.7.3 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by Authentication Type
    - 11.1.2.7.4 Rest of Asia Pacific: Biometric Technologies Market Breakdown, by End User

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Merger and Acquisition

14. Company Profiles

14.1 Aware, Inc.
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Thales SA
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Cognitec Systems GmbH
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 NEC Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 IDEMIA France SAS
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 HID Global Corp
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Fujitsu Ltd
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Leidos Holdings, Inc.
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Precise Biometrics AB
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments

15. Appendix

15.1 About the Insight Partners
15.2 Word Index