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India Biometrics Market Size, Share, Trends, Growth, Report: By Technology: Face Recognition, Hand Geometry, Voice Recognition, Signature Recognition, Iris Recognition, AFIS, Non-AFIS, Others; By Functionality: Contact, Non-Contact, Combined; By Authentication; By Component; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
India Biometrics Market Outlook
The India biometrics market size reached a value of almost USD 2.93 billion in the year 2023. The India biometrics market is further expected to grow at a CAGR of 14.5% between 2024 and 2032 to reach a value of almost USD 9.92 billion by 2032.
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The India biometrics market is driven by the rising integration of the product in consumer electronics. The country has witnessed enormous growth in recent years due to its growing adoption of biometrics within government as well as private sectors. The India biometrics market is supporting the growth of the global biometrics market, which is finding impetus in the rising adoption of biometric technologies by banks and organisations to help prevent fraudulent activities.
Market Segmentation
Biometrics is a technological authentication method that is utilised in information assurance (IA) for secure access, entry, or data. It fundamentally relies on scanning their physical or biological characteristics, like the face, iris, DNA, palm, fingerprint, retina, and palm veins, which are hard to forge or duplicate. It provides more accurate identification and minimises the risk of undesirable intrusion. Consequently, biometrics technologies are extensively used in banks, public libraries, colleges, schools, corporate and government offices, and consumer electronics like smartphones and tablets.
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The biometrics market is segmented on the basis of technology into:
- Face Recognition
- Hand Geometry
- Voice Recognition
- Signature Recognition
- Iris Recognition
- AFIS
- Non-AFIS
- Others
On the basis of functionality, the market is divided into:
- Contact
- Non-Contact
- Combined
By authentication, the biometrics market is divided into:
- Single-Factor Authentication
- Multifactor Authentication
On the basis of component, the market is bifurcated into:
- Hardware
- Software
On the basis of end-use, the market is divided into:
- Government
- Defence Services
- Banking and Finance
- Consumer Electronics
- Healthcare
- Commercial Safety and Security
- Transport/Visa/Logistics
- Others
The report also covers the regional markets of biometrics in India like North India, West and Central India, South India, and East India.
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Market Analysis
The India biometrics market is driven by the rising adoption of several biometric means such as facial, fingerprint, and voice recognition to authenticate their identity, as well as to make payments. The government of India is also using biometric technologies for the purpose of identification and verification of individuals in different e-Governance applications such as E-Passport, UIDAI (Aadhar), Driving License, and RSBY (Rashtriya Swasthya Bima Yojna), among others, thus, supporting the market growth of biometrics in India. Other factors aiding the market growth include an increasing number of smartphone users, enhancing internet connectivity, and growing security concerns.
Competitive Landscape
The report gives a detailed analysis of the following key players in the India biometrics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- IDEMIA
- SecuGen India Pvt. Ltd
- NEC Technologies India Private Limited
- 4G Identity Solutions.
- Honeywell Automation India Limited
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Functionality |
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| Breakup by Authentication |
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| Breakup by Component |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Indian Biometrics Market Snapshot
7 Opportunities and Challenges in the Market
8 India Biometrics Market Analysis
8.1 Key Industry Highlights
8.2 India Biometrics Historical Market (2018-2023)
8.3 India Biometrics Market Forecast (2024-2032)
8.4 India Biometrics Market by Technology
8.4.1 Face Recognition
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hand Geometry
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Voice Recognition
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Signature Recognition
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Iris Recognition
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 AFIS
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Non-AFIS
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Others
8.5 India Biometrics Market by Functionality
8.5.1 Contact
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Non-Contact
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Combined
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 India Biometrics Market by Authentication
8.6.1 Single-Factor Authentication
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Multifactor Authentication
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 India Biometrics Market by Component
8.7.1 Hardware
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Software
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 India Biometrics Market by End Use
8.8.1 Government
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Defence Services
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Banking and Finance
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Consumer Electronics
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Healthcare
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Commercial Safety and Security
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Transport/Visa/Logistics
8.8.7.1 Historical Trend (2018-2023)
8.8.7.2 Forecast Trend (2024-2032)
8.8.8 Others
8.9 India Biometrics Market by Region
8.9.1 North India
8.9.2 West and Central India
8.9.3 South India
8.9.4 East India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 West and Central India
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032
9.3 South India
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 East India
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 PESTEL Analysis
10.3.1 Political
10.3.2 Economic
10.3.3 Social
10.3.4 Legal
10.3.5 Environmental
10.3.6 Technological
10.4 Key Indicators for Demand
10.5 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Government Regulations
14 Strategic Recommendations
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IDEMIA
15.2.1.1 Company Overview
15.2.1.2 Demographic Reach and Achievements
15.2.1.3 Certifications
15.2.2 SecuGen India Pvt.Ltd
15.2.2.1 Company Overview
15.2.2.2 Demographic Reach and Achievements
15.2.2.3 Certifications
15.2.3 NEC Technologies India Private Limited
15.2.3.1 Company Overview
15.2.3.2 Demographic Reach and Achievements
15.2.3.3 Certifications
15.2.4 4G Identity Solutions.
15.2.4.1 Company Overview
15.2.4.2 Demographic Reach and Achievements
15.2.4.3 Certifications
15.2.5 Honeywell Automation India Limited
15.2.5.1 Company Overview
15.2.5.2 Demographic Reach and Achievements
15.2.5.3 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Biometrics Market: Key Industry Highlights, 2018 and 2032
2. India Biometrics Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. India Biometrics Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. India Biometrics Historical Market: Breakup by Functionality (USD Billion), 2018-2023
5. India Biometrics Market Forecast: Breakup by Functionality (USD Billion), 2024-2032
6. India Biometrics Historical Market: Breakup by Authentication (USD Billion), 2018-2023
7. India Biometrics Market Forecast: Breakup by Authentication (USD Billion), 2024-2032
8. India Biometrics Historical Market: Breakup by Component (USD Billion), 2018-2023
9. India Biometrics Market Forecast: Breakup by Component (USD Billion), 2024-2032
10. India Biometrics Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. India Biometrics Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. India Biometrics Historical Market: Breakup by Region (USD Billion), 2018-2023
13. India Biometrics Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. India Biometrics Market Structure
Key Questions Answered in the Report
In 2023, the India biometrics market attained a value of nearly USD 2.93 billion.
The market is projected to grow at a CAGR of 14.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 9.92 billion by 2032.
The major drivers of the market include growing integration of biometrics within government and private sectors, increased acceptance of technology, growing government initiatives to create awareness among consumers, increase in the number of smartphone users, and rising internet penetration in the country.
The key trends guiding the growth of the biometrics market in India include the rapid technological advancements and the growing need for advanced security systems.
The major regions in the market are North India, West and Central India, South India, and East India.
The major biometrics technologies in the market include face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, and non-AFIS, among others.
Contact, non-contact, and combined are the biometrics functionalities available in the market.
Single-factor authentication and multifactor authentication are the significant authentications in the market.
Hardware and software are the components of biometrics in the market.
The major end uses of biometrics include sectors like government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others.
The key players in the India biometrics market are IDEMIA, SecuGen India Pvt. Ltd, NEC Technologies India Private Limited, 4G Identity Solutions., and Honeywell Automation India Limited, among others.
Analyst Review
The India biometrics market attained a value of USD 2.93 billion in 2023, driven by the growing government initiatives and rising awareness among consumers regarding the use of biometrics. Aided by the technological advancements and growing security concerns, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 14.5%. The biometrics market is projected to reach USD 9.92 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technology, the biometrics industry can be segmented into face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, and non-AFIS, among others. On the basis of functionality, the industry is divided into contact, non-contact, and combined. On the basis of authentication, the industry is bifurcated into single-factor authentication and multifactor authentication. Based on components, the industry is divided into hardware and software. On the basis of end uses, the industry is divided into government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others. The major regional markets for biometrics are North India, West and Central India, South India, and East India. The key players in the above market include IDEMIA, SecuGen India Pvt. Ltd, NEC Technologies India Private Limited, 4G Identity Solutions, and Honeywell Automation India Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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