Asia Pacific Biometric Technology Market Size & Outlook
Asia Pacific biometric technology market, 2018-2030 (US$M)
Related Markets
Asia Pacific biometric technology market highlights
- The Asia Pacific biometric technology market generated a revenue of USD 9,604.8 million in 2023.
- The market is expected to grow at a CAGR of 22.4% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,604.8 million |
| Market revenue in 2030 | USD 39,451.6 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 23.4% of the global biometric technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,451.6 million by 2030.
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
Biometric Technology Market Scope
Biometric Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.39% in 2023. Horizon Databook has segmented the Asia Pacific biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
Various initiatives are being undertaken by the government and other similar institutions in order to boost the Biometric technology market. For instance, in November 2021, The French administration announced the renewal of the national identity card, which includes a biometric chip for online identification developed by IDEMIA, a French technology company.
This national identity card can be read by a smartphone, or any device equipped with an application specifically designed for this purpose, automatically certifying the owner's identity. Using biometric technologies to perform the analysis shortens the time it takes to identify other investigators and eliminates travel time.
For instance, in November 2022, France government donated to Ukraine a mobile DNA Biometric lab on wheels, the mobile DNA lab. Ukrainian forensic scientists are examining Russian acts of war using a mobile DNA lab van to collect better evidence of atrocities committed against civilians in eastern Ukraine in 2022.
Reasons to subscribe to Asia Pacific biometric technology market 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 Asia Pacific biometric technology market databook
-
Our clientele includes a mix of biometric technology market 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 continent-level data and insights on the Asia Pacific biometric technology market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific biometric technology market size, by country, 2018-2030 (US$M)
Asia Pacific Biometric Technology Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
