Market Report: Global Biometrics Industry Projected to Surpass $150 Billion by 2030
A new comprehensive analysis by Grand View Research indicates a massive surge in the adoption of biometric technologies, driven by government initiatives, consumer electronics, and a shift toward contactless authentication.
Global Market Overview
The global biometric technology landscape is on the verge of a significant expansion. According to recent data released by Grand View Research, the market size was valued at USD 34.27 billion in 2022. Forecasts now project this figure to skyrocket to USD 150.58 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 20.4% from 2023 to 2030.
This growth trajectory suggests a broadening horizon for system integrators, developers, and hardware manufacturers within the biometric ecosystem.
Key Drivers of Growth
The report highlights several critical factors fueling this rapid acceleration:
- Consumer Electronics Integration: The ubiquity of fingerprint sensors and facial recognition in smartphones and laptops continues to normalize biometric authentication for the average user, driving demand for similar seamless experiences in access control and payments.
- The Contactless Shift: Post-pandemic considerations have permanently altered the market landscape. There is a marked preference for contactless modalities—such as face recognition and iris scanning—over traditional touch-based sensors, particularly in public and high-traffic commercial spaces.
- Government and Defense: The government sector remains the dominant end-user, accounting for over 27% of the revenue share in 2022. This is largely attributed to large-scale national identification programs, e-passports, and border control initiatives.
Technology Trends & Insights
For technical professionals and integrators, the report offers specific insights into hardware and software dynamics:
- Hardware Dominance: The hardware segment (readers, scanners, cameras) currently captures the largest market share (42.5%). However, as AI integration deepens, the demand for sophisticated matching software and liveness detection algorithms is expected to rise.
- Regional Hotspots: While North America currently holds the largest revenue share, the Asia-Pacific region is identified as the fastest-growing market (projected CAGR of 22.4%). This signals a robust opportunity for biometric deployments across emerging economies in the region.
- Multimodal Security: While single-factor authentication (fingerprint or face only) remains prevalent, the industry is seeing a gradual shift toward multimodal systems (combining face + voice or fingerprint + palm) to combat spoofing and enhance security in critical infrastructure.
Implications for the Biometrics Community
For the community of developers and integrators utilizing platforms like CAMS, these findings underscore a vital market reality: Biometrics is transitioning from a niche security add-on to a fundamental utility.
The data suggests that future deployments will increasingly require support for hybrid environments—where contactless facial recognition works alongside traditional fingerprint scanners—and where API integrations must handle higher volumes of authentication requests than ever before.
Source: Data and forecasts cited in this article are based on the “Biometrics Industry Analysis” by Grand View Research. For the full report, visit: Grand View Research Biometrics Industry Analysis
