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The contactless biometrics technology industry is witnessing several significant trends that are shaping its evolution and driving innovation across industries. Firstly, multimodal biometric solutions—which include many biometric modalities such as fingerprint scanning, iris recognition, and facial recognition—are becoming increasingly popular as they improve accuracy, dependability, and security. Multimodal biometrics offer the advantages of various biometric features, reducing the drawbacks of single modalities and offering a more thorough and dependable identification procedure.
Secondly, the use of ML techniques and AI in contactless biometric systems is growing. AI-powered biometric systems enable adaptive learning, ongoing development, and dynamic modifications based on real-time data analysis and feedback. These developments improve contactless biometric systems' functionality, effectiveness, and adaptability, allowing for more precise and trustworthy verification in a range of settings and situations.
The incorporation of contactless biometric technologies into wearable and mobile devices is another noteworthy trend. Users may now authenticate easily and conveniently owing to the extensive usage of wearable technology, tablets, and smartphones with biometric sensors. The increasing prevalence of mobile biometrics, such as fingerprint scanning and facial recognition, in consumer products is propelling contactless biometrics into the mainstream and changing user expectations regarding security and simplicity of identification.
Contactless biometrics technology industry from the software segment is expected to register over 20% CAGR from 2024 to 2032, due to offering a variety of applications and solutions to make contactless biometric system development, implementation, and maintenance easier.
The market size of contactless biometrics technology reached USD 20.4 billion in 2023 and is set to witness over 20% CAGR from 2024 to 2032, owing to the growing need for safe authentication techniques worldwide.
HID Global Corporation, IDEMIA, Aware Inc., Fingerprint Cards AB, Fujitsu Limited, M2SYS Technology, and NEC Corporation, are some of the major contactless biometrics technology companies worldwide.
North America market held over 35% share in 2023, attributed to the favorable environment for the adoption of contactless biometric solutions in the region.