Summary

The Europe biometric technologies market was valued at US$ 8,917.46 million in 2022 and is expected to reach US$ 26,147.52 million by 2030; it is estimated to register a CAGR of 14.4% from 2022 to 2030.

Technological Advancements Reinforcing Security Levels Drive Europe Biometric Technologies Market

Technological advancements in biometric technologies are focused on enhancing their versatility, security, and reach to masses. Artificial Intelligence (AI) and Machine Learning (ML) further contributing to the improvement of accuracy and reliability of biometric systems, lowering the possibilities of false positives and negatives, which would have a positive impact on security and user confidence. The expansion of AI-driven biometrics, particularly facial and behavioral biometrics (gait, voice, and accent recognition), is likely to fuel the emergence of new forms of real-time biometric identity verification through on-premises cameras. Biometric authentication technology has become more prevalent in the industrial sector with the most recent AI advancements. According to IBM, 20% of breaches are the result of compromised credentials. Moreover, detecting and addressing a data breach can take an average of 287 days, which further worsens the impact. AI-based security solutions are likely to be instrumental for businesses to stay competitive in any sector. IBM mentions 25% of companies had fully implemented AI-based security in place as of 2021, while 40% had completed partial implementation. As of 2021, purchasing AI-powered security could help save a business up to US$ 3.81 million. Although secure biometric passwords are in use and more sophisticated biometric solutions are available in the market, newer technologies concentrate on extracting more sophisticated biometric markers from the human body, each of which adds another difficult-to-fake biometric trait into the secure authentication process. These can include reading DNA signatures, hand geometry, odor recognition, and cardiac pattern recognition. Therefore, technological advancements are creating exciting opportunities for the biometric technology market.

Europe Biometric Technologies Market Overview

Germany, France, the UK, and Italy are among the key countries contributing to the growth of the European biometric technologies market. Growing awareness related to significant benefits provided by biometric technologies, such as increased security, privacy, accuracy, etc., is driving the market in this region. Many companies in Europe are striving to create awareness about biometric technologies by conducting conferences and seminars. In October 2023, ZKTeco Europe, S.L. participated in Adria Security Summit 2023, powered by Intersec, to announce the launch of Biometric innovations, security products, and access control solutions. The company also introduced its latest entranced control solutions that provide benefits of access control and visitor management using traditional biometric readers or card access mobile devices such as QC codes and Bluetooth. The evolution of advanced technologies encourages manufacturers to develop next-generation biometric solutions for customers in Europe. As per the company press release, in January 2022, IDEMIA collaborated with Microsoft Corp to deliver next generation eSIM connectivity services to M2M/IoT device users. The company's next generation eSIM connectivity services support connectivity through SIM cards, eSIM services for consumer and M2M devices (including smart meters and automobiles), and authentication applications by improving resilience against distributed denial of service (DDoS) attacks. Further, expansion of the aerospace industry and the growing adoption of biometric technologies such as facial recognition and fingerprints are creating opportunities in the market. For instance, in October 2023, SITA partnered with Fraport to allow all airlines at Frankfurt Airport to jointly use face biometrics for identification from check-in through boarding procedures. This makes Frankfurt the first airport in Europe to offer biometric touchpoints to all airline passengers, allowing streamlined, streamlined passage throughout the airport.

Europe Biometric Technologies Market Revenue and Forecast to 2030 (US$ Billion)

Europe Biometric Technologies Market Segmentation

The Europe biometric technologies market is categorized into component, type, authentication type, end user, and country.

Based on component, the Europe biometric technologies market is segmented into hardware, software, and services. The hardware segment held the largest share of Europe biometric technologies market share in 2022.

In terms of type, the Europe biometric technologies market is segmented into contact, contactless, and hybrid. The contact segment held the largest share of Europe biometric technologies market in 2022.

By authentication type, the Europe biometric technologies market is bifurcated into single factor authentication and multi factor authentication. The single factor authentication segment held a larger share of Europe biometric technologies market in 2022.

Based on end user, the Europe biometric technologies market is categorized into government, BFSI, healthcare, defense & security, and others. The government segment held the largest share of Europe biometric technologies market in 2022

By country, the Europe biometric technologies market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe biometric technologies market share in 2022.

Aware, Inc.; Thales SA; Cognitec Systems GmbH; NEC Corp; IDEMIA France SAS; HID Global Corp; Fujitsu Ltd; Leidos Holdings, Inc.; M2SYS Technology; and Precise Biometrics AB are some of the leading companies operating in the Europe biometric technologies market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biometric Technologies Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
4.3 Premium Insight
4.3.1 Analysis on the Use of Biometrics in Airports Around the World
5. Europe Biometric Technologies Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Use of Biometric Technologies in Consumer Electronics
5.1.1 Expanding Application Range in Government Sector
5.1.2 Increasing Crime Rates
5.2 Market Restraints
5.2.1 High Capital Requirements
5.2.2 Data Security Concerns
5.3 Market Opportunities
5.3.1 Technological Advancements Reinforcing Security Levels
5.4 Future Trends
5.4.1 Increasing Use of Biometric Systems at Airports
5.5 Impact of Drivers and Restraints:
6. Biometric Technologies Market - Europe Market Analysis
6.1 Overview
6.2 Biometric Technologies Market Revenue (US$ Billion), 2020-2030
6.3 Biometric Technologies Market Forecast Analysis
7. Europe Biometric Technologies Market Analysis - by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.2 Software
7.2.1 Overview
7.2.2 Software: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
7.3 Services
7.3.1 Overview
7.3.2 Services: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8. Europe Biometric Technologies Market Analysis - by Type
8.1 Contact
8.1.1 Overview
8.1.2 Contact: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.2 Contactless
8.2.1 Overview
8.2.2 Contactless: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
8.3 Hybrid
8.3.1 Overview
8.3.2 Hybrid: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
9. Europe Biometric Technologies Market Analysis - by Authentication Type
9.1 Single Factor Authentication
9.1.1 Overview
9.1.2 Single Factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
9.2 Multi factor Authentication
9.2.1 Overview
9.2.2 Multi factor Authentication: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10. Europe Biometric Technologies Market Analysis - by End User
10.1 Government
10.1.1 Overview
10.1.2 Government: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.2 BFSI
10.2.1 Overview
10.2.2 BFSI: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.3 Healthcare
10.3.1 Overview
10.3.2 Healthcare: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.4 Defense and Security
10.4.1 Overview
10.4.2 Defense and Security: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
10.5 Others
10.5.1 Overview
10.5.2 Others: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11. Europe Biometric Technologies Market - Country Analysis
11.1 Europe Market Overview
11.1.1 Europe: Biometric Technologies Market, By Key Country - Revenue 2022 (US$ Billion)
11.1.2 Europe: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
11.1.2.1 Europe: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
11.1.2.2 Germany: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.2.1 Germany: Biometric Technologies Market Breakdown, by Component
11.1.2.2.2 Germany: Biometric Technologies Market Breakdown, by Type
11.1.2.2.3 Germany: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.2.4 Germany: Biometric Technologies Market Breakdown, by End User
11.1.2.3 France: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.3.1 France: Biometric Technologies Market Breakdown, by Component
11.1.2.3.2 France: Biometric Technologies Market Breakdown, by Type
11.1.2.3.3 France: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.3.4 France: Biometric Technologies Market Breakdown, by End User
11.1.2.4 United Kingdom: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.4.1 United Kingdom: Biometric Technologies Market Breakdown, by Component
11.1.2.4.2 United Kingdom: Biometric Technologies Market Breakdown, by Type
11.1.2.4.3 United Kingdom: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.4.4 United Kingdom: Biometric Technologies Market Breakdown, by End User
11.1.2.5 Italy: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.5.1 Italy: Biometric Technologies Market Breakdown, by Component
11.1.2.5.2 Italy: Biometric Technologies Market Breakdown, by Type
11.1.2.5.3 Italy: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.5.4 Italy: Biometric Technologies Market Breakdown, by End User
11.1.2.6 Russia: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.6.1 Russia: Biometric Technologies Market Breakdown, by Component
11.1.2.6.2 Russia: Biometric Technologies Market Breakdown, by Type
11.1.2.6.3 Russia: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.6.4 Russia: Biometric Technologies Market Breakdown, by End User
11.1.2.7 Rest of Europe: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.7.1 Rest of Europe: Biometric Technologies Market Breakdown, by Component
11.1.2.7.2 Rest of Europe: Biometric Technologies Market Breakdown, by Type
11.1.2.7.3 Rest of Europe: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.7.4 Rest of Europe: Biometric Technologies Market Breakdown, by End User
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Aware, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Thales SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Cognitec Systems GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 NEC Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 IDEMIA France SAS
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 HID Global Corp
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Fujitsu Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Leidos Holdings, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 M2SYS Technology
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Precise Biometrics AB
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Word Index