The biometric card market size has grown rapidly in recent years. It will grow from $11.09 billion in 2023 to $13.03 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The increase observed during the historic period can be attributed to growing security needs, heightened fraud concerns, regulatory compliance, increased consumer convenience, and a rising number of smartphone users.
The biometric card market size is expected to see rapid growth in the next few years. It will grow to $24.94 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The anticipated growth during the forecast period can be attributed to escalating cybersecurity threats, the expansion of contactless payment systems, a rising demand for multifactor authentication, increasing need for secure and reliable identification solutions, and growing demand for high-security applications. Key trends during this period include the integration of contactless payment technology, the development of efficient biometric enrollment solutions, exploration of blockchain technology, advancements in biometric sensors and algorithms, and integration with mobile devices.
The expansion of contactless payment systems is expected to drive the growth of the biometric card market in the future. Contactless payment systems provide a secure method for customers to make purchases with debit, credit, or smart cards using radio frequency identification (RFID) technology or near-field communication (NFC). The widespread adoption of smartphones and the popularity of digital wallets have greatly enhanced the use of contactless payments. Biometric cards are particularly advantageous in retail settings, where reducing transaction times can boost operational efficiency and customer satisfaction. These cards enhance security through fingerprint authentication, minimize fraud, and attract both customers and businesses while maintaining the convenience of contactless payments. For example, in January 2024, the European Central Bank reported that contactless card payments in the first half of 2023 increased by 24.3% from 20.9 billion in the same period of 2022, with the total value rising by 25.9% to €0.5 trillion ($545.27 billion). This trend underscores the role of growing contactless payment systems in driving the biometric card market.
Key players in the biometric card market are concentrating on developing advanced solutions, such as fingerprint biometric security, to enhance the payment experience and increase consumer satisfaction. Fingerprint biometric security involves identifying and verifying individuals based on their unique fingerprint patterns, offering high security and convenience. For instance, in June 2022, Rocker, a fintech company based in Sweden, introduced the Rocker Touch, the first biometric payment card technology. This card uses IDEMIA's F.CODE technology, which combines chip technology with a fingerprint biometric sensor to verify the cardholder's identity. This innovation allows users to authorize payments by placing their finger on the card, eliminating the need to enter a PIN. The biometric data is securely stored on the card's chip and never leaves the card, ensuring privacy and security.
In May 2024, ERMES Srl., an Italy-based company specializing in identification and security solutions, partnered with Zwipe. This partnership will see Ermes Srl offer Zwipe Access cards in Italy and has placed an initial order for demo kits to showcase the solution to potential end users. The collaboration aims to expand Zwipe's presence in the Italian security market by leveraging Ermes Srl's local expertise and support. Zwipe, a biometric technology company based in Norway, specializes in card-based fingerprint access control solutions.
Major companies operating in the biometric cards market are Samsung Semiconductor, Visa Inc., Mastercard, Thales Group, STMicroelectronics NV, IDEMIA Group, JCB Co. Ltd., KONA I Co. Ltd., FEITIAN Technologies Co. Ltd., Fingerprint Cards AB, Matica Technologies Group SA, Seshaasai Business Forms Private Limited, Precise Biometrics, Zwipe, NEXT Biometrics, Versasec AB, Ethernom, CardLogix Corporation, SmartMetric Inc., IDEX Biometrics.
North America was the largest region in the biometric card market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric cards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the biometric cards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Biometric cards are sophisticated smart cards that use biometric technology to verify the cardholder's identity by analyzing unique physiological features, such as fingerprints or iris scans. These cards provide enhanced security, reducing the risk of fraudulent transactions or identity theft.
Biometric cards come in two main types contact biometric cards and contactless biometric cards. Contact biometric cards, also known as smart cards, are advanced security devices that integrate biometric authentication to enhance security and convenience across various applications. They are used for a range of purposes, including payments, access control, government identification documents (IDs), and financial inclusion. These cards serve multiple end-user sectors, such as banking, financial services, and insurance (BFSI), retail, government, healthcare, commercial entities, and more.
The biometric cards market research report is one of a series of new reports that provides biometric cards market statistics, including biometric cards industry global market size, regional shares, competitors with a biometric cards market share, detailed biometric cards market segments, market trends, and opportunities, and any further data you may need to thrive in the biometric cards industry. This biometric card market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The biometric cards market consists of revenues earned by entities by providing services such as biometric authentication, identity verification, privacy protection, and security management. The market value includes the value of related goods sold by the service provider or included within the service offering. The biometric card market also includes sales of biometric sensors, microprocessors, communication interfaces, and battery or power management units. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The biometric card market size is expected to see rapid growth in the next few years. It will grow to $24.94 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The anticipated growth during the forecast period can be attributed to escalating cybersecurity threats, the expansion of contactless payment systems, a rising demand for multifactor authentication, increasing need for secure and reliable identification solutions, and growing demand for high-security applications. Key trends during this period include the integration of contactless payment technology, the development of efficient biometric enrollment solutions, exploration of blockchain technology, advancements in biometric sensors and algorithms, and integration with mobile devices.
The expansion of contactless payment systems is expected to drive the growth of the biometric card market in the future. Contactless payment systems provide a secure method for customers to make purchases with debit, credit, or smart cards using radio frequency identification (RFID) technology or near-field communication (NFC). The widespread adoption of smartphones and the popularity of digital wallets have greatly enhanced the use of contactless payments. Biometric cards are particularly advantageous in retail settings, where reducing transaction times can boost operational efficiency and customer satisfaction. These cards enhance security through fingerprint authentication, minimize fraud, and attract both customers and businesses while maintaining the convenience of contactless payments. For example, in January 2024, the European Central Bank reported that contactless card payments in the first half of 2023 increased by 24.3% from 20.9 billion in the same period of 2022, with the total value rising by 25.9% to €0.5 trillion ($545.27 billion). This trend underscores the role of growing contactless payment systems in driving the biometric card market.
Key players in the biometric card market are concentrating on developing advanced solutions, such as fingerprint biometric security, to enhance the payment experience and increase consumer satisfaction. Fingerprint biometric security involves identifying and verifying individuals based on their unique fingerprint patterns, offering high security and convenience. For instance, in June 2022, Rocker, a fintech company based in Sweden, introduced the Rocker Touch, the first biometric payment card technology. This card uses IDEMIA's F.CODE technology, which combines chip technology with a fingerprint biometric sensor to verify the cardholder's identity. This innovation allows users to authorize payments by placing their finger on the card, eliminating the need to enter a PIN. The biometric data is securely stored on the card's chip and never leaves the card, ensuring privacy and security.
In May 2024, ERMES Srl., an Italy-based company specializing in identification and security solutions, partnered with Zwipe. This partnership will see Ermes Srl offer Zwipe Access cards in Italy and has placed an initial order for demo kits to showcase the solution to potential end users. The collaboration aims to expand Zwipe's presence in the Italian security market by leveraging Ermes Srl's local expertise and support. Zwipe, a biometric technology company based in Norway, specializes in card-based fingerprint access control solutions.
Major companies operating in the biometric cards market are Samsung Semiconductor, Visa Inc., Mastercard, Thales Group, STMicroelectronics NV, IDEMIA Group, JCB Co. Ltd., KONA I Co. Ltd., FEITIAN Technologies Co. Ltd., Fingerprint Cards AB, Matica Technologies Group SA, Seshaasai Business Forms Private Limited, Precise Biometrics, Zwipe, NEXT Biometrics, Versasec AB, Ethernom, CardLogix Corporation, SmartMetric Inc., IDEX Biometrics.
North America was the largest region in the biometric card market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric cards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the biometric cards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Biometric cards are sophisticated smart cards that use biometric technology to verify the cardholder's identity by analyzing unique physiological features, such as fingerprints or iris scans. These cards provide enhanced security, reducing the risk of fraudulent transactions or identity theft.
Biometric cards come in two main types contact biometric cards and contactless biometric cards. Contact biometric cards, also known as smart cards, are advanced security devices that integrate biometric authentication to enhance security and convenience across various applications. They are used for a range of purposes, including payments, access control, government identification documents (IDs), and financial inclusion. These cards serve multiple end-user sectors, such as banking, financial services, and insurance (BFSI), retail, government, healthcare, commercial entities, and more.
The biometric cards market research report is one of a series of new reports that provides biometric cards market statistics, including biometric cards industry global market size, regional shares, competitors with a biometric cards market share, detailed biometric cards market segments, market trends, and opportunities, and any further data you may need to thrive in the biometric cards industry. This biometric card market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The biometric cards market consists of revenues earned by entities by providing services such as biometric authentication, identity verification, privacy protection, and security management. The market value includes the value of related goods sold by the service provider or included within the service offering. The biometric card market also includes sales of biometric sensors, microprocessors, communication interfaces, and battery or power management units. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Biometric Cards Market Characteristics3. Biometric Cards Market Trends and Strategies32. Global Biometric Cards Market Competitive Benchmarking33. Global Biometric Cards Market Competitive Dashboard34. Key Mergers and Acquisitions in the Biometric Cards Market
4. Biometric Cards Market - Macro Economic Scenario
5. Global Biometric Cards Market Size and Growth
6. Biometric Cards Market Segmentation
7. Biometric Cards Market Regional and Country Analysis
8. Asia-Pacific Biometric Cards Market
9. China Biometric Cards Market
10. India Biometric Cards Market
11. Japan Biometric Cards Market
12. Australia Biometric Cards Market
13. Indonesia Biometric Cards Market
14. South Korea Biometric Cards Market
15. Western Europe Biometric Cards Market
16. UK Biometric Cards Market
17. Germany Biometric Cards Market
18. France Biometric Cards Market
19. Italy Biometric Cards Market
20. Spain Biometric Cards Market
21. Eastern Europe Biometric Cards Market
22. Russia Biometric Cards Market
23. North America Biometric Cards Market
24. USA Biometric Cards Market
25. Canada Biometric Cards Market
26. South America Biometric Cards Market
27. Brazil Biometric Cards Market
28. Middle East Biometric Cards Market
29. Africa Biometric Cards Market
30. Biometric Cards Market Competitive Landscape and Company Profiles
31. Biometric Cards Market Other Major and Innovative Companies
35. Biometric Cards Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Biometric Cards Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on biometric cards market which is experiencing strong growth. the report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for biometric cards? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biometric cards market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- the market characteristics section of the report defines and explains the market.
- the market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- the forecasts are made after considering the major factors currently impacting the market. These include:
- the impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- the impact of higher inflation in many countries and the resulting spike in interest rates.
- the continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- the competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Contact Biometric Cards; Contactless Biometric Cards2) by Application: Payments; Access Control; Government Identification Document (ID) and Financial Inclusion; Other Applications
3) by End-User Vertical: Banking, Financial Services, and Insurance (BFSI); Retail; Government; Healthcare; Commercial Entities; Other End-User Verticals
Key Companies Mentioned: Samsung Semiconductor; Visa Inc.; Mastercard; Thales Group; STMicroelectronics NV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Samsung Semiconductor
- Visa Inc.
- Mastercard
- Thales Group
- STMicroelectronics NV
- IDEMIA Group
- JCB Co. Ltd.
- KONA I Co. Ltd.
- FEITIAN Technologies Co. Ltd.
- Fingerprint Cards AB
- Matica Technologies Group SA
- Seshaasai Business Forms Private Limited
- Precise Biometrics
- Zwipe
- NEXT Biometrics
- Versasec AB
- Ethernom
- CardLogix Corporation
- SmartMetric Inc.
- IDEX Biometrics
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 13.03 Billion |
Forecasted Market Value ( USD | $ 24.94 Billion |
Compound Annual Growth Rate | 17.6% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |