Global Contactless Biometrics Market Is Forecast To Reach Usd 78.6 Billion By 2032

Technology

The global contactless biometrics market is estimated at USD 17.1 Billion in 2022 and is forecast to reach USD 78.6 Billion by 2032, growing at a CAGR of 16.4% during 2022-2032.

The report examines the current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the Contactless Biometrics Market in the assessment period.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5756

Contactless Biometrics Market Segmentation

By Region

  • North America
  • Europe
  • East Asia
  • South Asia
  • Latin America
  • Oceania
  • Middle East & Africa

By Application

  • Face Biometrics
  • Fingerprint Biometrics
  • Hand Geometry Biometrics
  • Iris Biometrics
  • Voice Biometrics
  • Others

Competitive Landscape

According to the market research analysis the top manufacturers of contactless biometrics are Touchless Biometric Systems AG, IDEMIA SAS, nViaSoft, Fujitsu Limited, NEC Corporation, HID Global, Assa Abloy AB, Blue Biometrics, FEITIAN Technologies Co., Smart Packaging Solutions  and GateKeeper Proximity etc.

Majority of the manufacturers are focused on establishing subsidiaries in developing regions. Strategies include product launches, collaborations with key players, partnerships, and mergers and acquisitions. Some of the key development are:

  • In May 2020, company named Finger Cards AB has expanded its touch sensor portfolio by the introduction of FPC2025 sensor. The target was to introduce a high performing biometrics that consume low power.
  • In May 2020, one of the market giants NEC Corporation introduced NeoFace Thermal Express which offered touchless screening. NeoFace Thermal Express was designed to detect elevated body temperature and protective body equipment such as face mask.
  • In 2020Fingerprint Cards AB has partnered with Digi- Key Electronics, which has allowed the former expansion in the new market. During this partnership, Digi Key will help the company to develop new application areas.

Similarly, recent developments related to companies providing contactless biometrics and integrated biometrics software have been tracked by the team at Fact.MR, which are available in the full report.

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