The Biometric Card Market is estimated to be valued at US$ 1.03 billion in 2025 and is expected to reach US$ 63.12 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 80.1% from 2025 to 2032.
Introduction:
Biometric cards refer to smart cards that use biometric identification technologies for verification and authentication of an individual. The biometric identification methods used in these cards include fingerprint recognition, facial recognition, iris scanning, and voice recognition. Biometric cards provide a more secure way of identifying individuals as compared to traditional ID cards that use only magnetic strips or barcodes for storage of identification details. The usage of biometric attributes makes it difficult to counterfeit or steal someone's identity. With rising concerns around security and identity theft, the demand for biometric cards is increasing across various applications such as ID cards, payment cards, and access control cards.
Market Dynamics:
The biometric card market growth is driven by the growing need for advanced security in identification systems. Traditional ID methods are susceptible to fraud and identity theft. Biometric cards help eliminate such risks by matching live scan of fingerprints, iris, or facial features with the biometric template stored on the card. The increasing usage of biometric data for applications such as border control, e-passports, driver's licenses, national ID cards is bolstering the demand for biometric cards. However, high manufacturing costs and requirement of specialized readers are some challenges slowing down the large-scale adoption of biometric cards. Ongoing technological advancements in fingerprint sensors, facial recognition systems and miniaturization of electronics are expected to make biometric cards more affordable. Growing demand for contactless payments is also providing new growth opportunities for biometric payment cards.
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