Japan Biometric Technology Market Size & Outlook
Japan biometric technology market, 2018-2030 (US$M)
Related Markets
Japan biometric technology market highlights
- The Japan biometric technology market generated a revenue of USD 2,465.1 million in 2023 and is expected to reach USD 10,122.9 million by 2030.
- The Japan 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.
Biometric technology market data book summary
| Market revenue in 2023 | USD 2,465.1 million |
| Market revenue in 2030 | USD 10,122.9 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 6.0% of the global biometric technology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biometric technology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,399.2 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 |
|---|
Japan 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 42.42% in 2023. Horizon Databook has segmented the Japan biometric technology market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
The Japan Biometric technology market is expected to witness significant growth over the forecast period. The Japanese government is focusing on adopting Biometric technology for checking thavelers’ identities owing to the rising need for improving border security.
For instance, in July 2019, NEC Corporation received an order from the Ministry of finance, Japan, to install face recognition system at Narita International Airport, Fukuoka Airport, Kansai International Airport, Haneda Airport; and Chubu International Airport.
This is driving the market growth in Japan. Many essential and precious assets are found in end-user industries like BFSI and healthcare. Any security lapse or breach can be extremely costly and result in lost revenue. As a result, various sectors of the economy in the country are implementing strict regulations to safeguard sensitive customer data with innovative technology.
Reasons to subscribe to Japan 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 Japan 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 country-level data and insights on the Japan biometric technology market , including forecasts for subscribers. This country databook contains high-level insights into Japan biometric technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan biometric technology market size, by component, 2018-2030 (US$M)
Japan 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
