The global biometric system market size was US$ 38.1 billion in 2021. The global biometric system market is forecast to grow to US$ 140.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2022 to 2030.
Biometric technology is a type of security system that analyses a person's behavioural or physical characteristics in order to identify them. Traditional security and identification solutions such as ID cards and pin systems have many disadvantages. Therefore, biometric systems have emerged as a significant solution to cater to the demands of the users. A biometric system turns biological information into digital information that may then be used to identify persons.

Factors Influencing the Market
The benefits of biometric systems, such as high accuracy, quick integration, outstanding security, and ease of installation, will primarily drive the growth of the global biometric system market. The market for biometric systems is also driven by the growing government projects to embrace biometrics.
Commercial places are also installing biometrics devices to enhance the security of the place and data. In addition, government attempts to enable a safe and easy method of identification to enhance the security of the place will drive the market forward.
Growing cases of theft & document manipulation, international terrorism, crime, and illegal migration, will escalate the demand for biometrics in the coming years.
Growing demand for consumer electronics with advanced biometric features will prompt the demand for biometric systems in the coming years. Modern consumer electronics, including smartphones, iPad, laptops, and home automation devices, have inbuild biometric systems. Moreover, consumers have become more concerned about data security, which will boost the growth of the biometric system market. On the contrary, the high cost associated with the biometric system may limit the market growth during the forecast period.

COVID-19 Impact Analysis
The COVID-19 pandemic had a mild impact on the biometric system market. The demand for laptops and other devices increased due to the lockdown restrictions. Further, almost every company implemented a work-from-home policy, which required smart devices to work. Thus, it had been opportunistic for the biometric system market. Airports also started adopting advanced technologies to reduce labor in space. Thus, it drove the demand for biometric systems throughout the pandemic phase.

Regional Analysis
The Asia-Pacific biometric system market is forecast to record the highest growth rate, owing to the widespread adoption and use of biometrics in access control systems. In addition to that, the growing regional population, combined with the rising demand for consumer electronics, will contribute to the growth of the biometric system market. Face recognition, eye retina scan, & fingerprint mapping are gaining substantial traction in the region due to high awareness related to the benefits of biometric systems.

Competitors in the Market
Thales Group,
IDEMIA,
NEC Corporation,
Fujitsu Limited,
Assa Abloy AB,
Precise Biometrics AB,
Stanley Black & Decker, Inc.,
Cognitec Systems
GmbH,
Neurotechnology,
Safran Group
Other Prominent Players

Market Segmentation
The global biometric system market segmentation focuses on Authentication, Functionality, Application, and Region.
By Authentication Type
Single-factor Authentication
Multi-factor Authentication
By Functionality Type
Contact
Non-contact
Combined
By Application
Government
Military & Defense
Healthcare
Banking & Finance
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America