Contactless Biometrics Market Future Prospects
The global contactless biometrics market is predicted to value USD 81.6 billion in 2032, increasing from USD 21.5 billion in 2024 at a CAGR of 18.3% during the forecast period (2025–2032). The major factors credited for this growth include the increasing preference for contactless biometric technologies and the rising security concerns along with government initiatives supporting contactless biometric systems. For instance, India is on the way to making Aadhaar contactless with facial authentication for certain services, and it will expand to the banking and financial services sector as well.
The contactless biometric systems are majorly used for criminal identification & forensics, onboarding & KYC, and access control. The surge in fraudulent activities and identity theft and an increase in digital identity use cases across verticals are largely driving the use of these systems for criminal identification and forensic purposes.
Moreover, the demand for contactless biometric card technology is expected to register significant growth in the coming future, due to the significant surge in contactless payments. Thus, companies are developing advanced facial recognition software and solutions, which, in turn, contribute to the growth of the contactless payments industry.