Summary

The South & Central America biometrics technologies market was valued at US$ 1,555.64 million in 2022 and is expected to reach US$ 4,104.55 million by 2030; it is estimated to register a CAGR of 12.9% from 2022 to 2030.

Increasing Use of Biometric Systems at Airports Fuels South & Central America Biometrics Technologies Market

Airports around the world are actively exploring and implementing biometric solutions at various touchpoints, including check-in kiosks, security checkpoints, and boarding gates, which results into a continuous demand for new hardware and software systems. As airport administrations experience success with initial implementations, they are likely to expand the application of biometrics to other areas at airports, creating additional demand for technology and integrations. Moreover, facial recognition is becoming common in airport operations. In 2024, RecFaces, a developer of facial recognition software, announced that Jorge Chávez International Airport in Lima, Peru, would employ its Id-Guard technology for security purposes. Also, in 2023, Brazil deployed facial recognition technology to speed up passenger operations at airports. The new method uses facial biometrics to scan travelers' faces before cross-referencing their information with government databases. Therefore, the increasing use of biometric technology in airports presents a significant biometric technology market trend.

South & Central America Biometrics Technologies Market Overview

The growth of the South America biometrics technologies market is driven by increasing security concerns, and the rising incidence of cybercrimes. Chile and Panama, among other South American countries, are adopting biometric technologies to improve operational capabilities and reduced the risk of credential theft. For instance, in August 2023, Chile and Panama joined UNHCR's BIMS family and attended three training sessions in Santiago de Chile, Iquique, and Arica for biometric enrollment. This initiative supports the country in creating distinct registered identities, improving operational capabilities, strengthening personal identification, and protecting data integrity. The rising awareness of the benefits provided by biometrics technologies is likely to benefit the biometrics technologies market in Brazil in the coming years. In August 2023, BioCon Brazil conducted a conference to spread biometric awareness in Brazil and the rest of South American countries. BioCon Brazil demonstrated the practical uses of biometrics technologies in criminal identification and preventing fraud.

South & Central America Biometrics Technologies Market Revenue and Forecast to 2030 (US$ Billion)

South & Central America Biometrics Technologies Market Segmentation

The South & Central America biometrics technologies market is categorized into component, type, authentication type, end user, and country.

Based on component, the South & Central America biometrics technologies market is segmented into hardware, software, and services. The hardware segment held the largest share of South & Central America biometrics technologies market share in 2022.

In terms of type, the South & Central America biometrics technologies market is segmented into contact, contactless, and hybrid. The contact segment held the largest share of South & Central America biometrics technologies market in 2022.

By authentication type, the South & Central America biometrics technologies market is bifurcated into single factor authentication and multi factor authentication. The single factor authentication segment held a larger share of South & Central America biometrics technologies market in 2022.

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

By country, the South & Central America biometrics technologies market is segmented into Brazil, Argentina, and the Rest of South and Central America. Brazil dominated the South & Central America biometrics technologies market share in 2022.

Aware, Inc.; Thales SA; NEC Corp; IDEMIA France SAS; HID Global Corp; and Fujitsu Ltd are some of the leading companies operating in the South & Central America biometrics 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
2.2 Market Attractiveness
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
5. South & Central America 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 - South & Central America Market Analysis
6.1 Biometric Technologies Market Revenue (US$ Billion), 2020-2030
6.2 Biometric Technologies Market Forecast Analysis
7. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Biometric Technologies Market - Country Analysis
11.1 South & Central America Market Overview
11.1.1 South & Central America: Biometric Technologies Market, By Key Country - Revenue 2022 (US$ Billion)
11.1.2 South & Central America: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
11.1.2.1 South & Central America: Biometric Technologies Market - Revenue and Forecast Analysis - by Country
11.1.2.2 Brazil: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.2.1 Brazil: Biometric Technologies Market Breakdown, by Component
11.1.2.2.2 Brazil: Biometric Technologies Market Breakdown, by Type
11.1.2.2.3 Brazil: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.2.4 Brazil: Biometric Technologies Market Breakdown, by End User
11.1.2.3 Argentina: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.3.1 Argentina: Biometric Technologies Market Breakdown, by Component
11.1.2.3.2 Argentina: Biometric Technologies Market Breakdown, by Type
11.1.2.3.3 Argentina: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.3.4 Argentina: Biometric Technologies Market Breakdown, by End User
11.1.2.4 Rest of South & Central America: Biometric Technologies Market - Revenue and Forecast to 2030 (US$ Billion)
11.1.2.4.1 Rest of South & Central America: Biometric Technologies Market Breakdown, by Component
11.1.2.4.2 Rest of South & Central America: Biometric Technologies Market Breakdown, by Type
11.1.2.4.3 Rest of South & Central America: Biometric Technologies Market Breakdown, by Authentication Type
11.1.2.4.4 Rest of South & Central America: 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 NEC Corp
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 IDEMIA France SAS
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 HID Global Corp
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 Fujitsu Ltd
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
15. Appendix
15.1 About the Insight Partners
15.2 Word Index