Vein Recognition Biometrics Market
Vein Recognition Biometrics Market Study by Finger, Palm, and Retina Vein Pattern Recognition for BFSI, Healthcare, Manufacturing, Services, Communication & Media, and Retail from 2024 to 2034
Analysis of Vein Recognition Biometrics Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vein Recognition Biometrics Market Outlook (2024 to 2034)
The global vein recognition biometrics market is forecast to attain a valuation of US$ 7.46 billion by the end of 2034, up from US$ 1.43 billion in 2024. The market has been projected to expand at a CAGR of 18% through 2034 in its latest revised research report.
Demand for vein recognition biometrics is driven by the growing adoption of contactless biometric technologies, increasing security concerns, and governmental support for these technologies. These technologies play a crucial role in ensuring a secure banking environment by minimizing identity fraud, establishing a transaction audit trail, and safeguarding financial data. As a result, the banking and finance sector significantly contributes to market growth.
The shift toward contactless biometric systems is driven by the inadequacy of traditional security measures such as PINs, passwords, and tokens to provide effective protection, especially against advanced intruder attacks.
- For example, a recent study conducted by VISA Inc. disclosed that over 85% of transactions in Austria and the Czech Republic employ biometric banking.
Applications of vein recognition biometric systems include access control, onboarding & KYC, and criminal identification & forensics. The use of these systems for criminal identification and forensic purposes is primarily propelled by the increase in fraudulent activities and cases of identity theft and the proliferation of digital identity use cases across various sectors.
The government sector is the predominant revenue contributor to the market, accounting for a 40% share of overall market revenue. This is attributed to the implementation of contactless biometric technologies by many governments to curb and control criminal activities. The market is growing at a significant pace along with the contactless biometrics market, the face and voice biometrics market, and more.
| Report Attributes | Details |
|---|---|
| Vein Recognition Biometrics Market Size (2024E) | US$ 1.43 Billion |
| Projected Market Value (2034F) | US$ 7.46 Billion |
| Global Market Growth Rate (2024 to 2034) | 18% CAGR |
| China Market Value (2034F) | US$ 818.8 Million |
| Canada Market Growth Rate (2024 to 2034) | 18.5% CAGR |
| North America Market Share (2024E) | 23.9% |
| East Asia Market Value (2034F) | US$ 1.72 Billion |
| Key Companies Profiled | Futronic; IDEMIA; Mofiria; Fujitsu Limited; Mantra Softech Pvt. Ltd.; IdentyTech; Imprivata; Mofiria |
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What are the Key Vein Recognition Biometrics Market Trends?
“Increasing Prevalence of Data Theft and Breaches in Banking Sector”
Increasing incidents of data theft and breaches are raising concerns about security measures, especially in the financial sector. Vein recognition biometrics, used for security purposes in the BFSI sector to protect customers from identity and data theft are emerging as a reliable and trusted solution.
Developing countries such as Argentina, Mexico, India, China, Brazil, and South Africa are adopting vein recognition biometrics to verify the identities of their customers in banks and other financial institutions. Vein recognition biometric system sales are increasing due to their superior accuracy compared to other biometric systems, and their lower false rejection rate (FRR) and false acceptance rate (FAR). As a result, there is a strong demand for vein recognition biometrics in the banking sector to ensure privacy.
Which Challenges are Vein Recognition Biometrics System Providers Tackling?
“High Cost of Implementation and Challenges Related to Age-Related Pattern Changes”
There are certain limitations and challenges associated with finger vein biometrics. For example, the patterns of a person’s finger veins alter as they age. Individuals who are younger or older need to update their finger vein records periodically, as these patterns remain stable only between the ages of 20 and 50.
Environmental factors also influence the efficacy of finger vein recognition. For instance, in colder temperatures, the increased blood viscosity causes finger veins to constrict, leading to inferior image patterns. Conversely, in warmer temperatures, the finger veins expand. This can cause false negatives during identification in extreme weather conditions.
Despite these challenges, finger vein recognition is an emerging technology that offers a safer and more secure alternative, with the potential to supplement or even replace fingerprint-identifying biometrics in the future. It has the potential to eradicate bias from biometric identification methods, leading to more reliable, inclusive, and diverse digital verification systems worldwide.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts through its newly published analysis that East Asia is projected to hold 22.4% of the global market share by 2034. Vein recognition biometrics providers across the world are effectively catering to evolving consumer preferences.
Why is the United States a Profitable Market for Vein Recognition Biometrics Providers?
“Rising Use of Smart Appliances Necessitating Development of Advanced Authentication Methods”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 151.6 Million |
| Growth Rate (2024 to 2034) | 18.5% CAGR |
| Projected Value (2034F) | US$ 826.9 Million |
The United States will account for 44.5% of the vein recognition biometrics market share in North America in 2024. The growing use of smart appliances in the United States has spurred the demand for vein recognition biometrics. As smart homes become increasingly prevalent, individuals seek advanced and secure authentication methods to safeguard their devices and data. The unique and highly secure identification process of vein recognition aligns with the increasing need for strong security in smart appliance systems.
Seamless integration of vein recognition biometrics into smart devices such as locks, thermostats, and home automation systems offers users a convenient yet formidable means of access control. This reflects a broader societal shift toward embracing innovative and secure biometric solutions, as consumers prioritize the protection of their interconnected smart environments in the growing modern living landscape.
What is Driving Market Growth in China?
“Increasing Adoption of Biometrics in ATMs”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 156.2 Million |
| Growth Rate (2024 to 2034) | 18% CAGR |
| Projected Value (2034F) | US$ 818.8 Million |
Increasing use of vein recognition biometrics technology in countries such as China and Japan to deter thefts and break-ins is leading to increased expenditure on the development of strong firewalls and secure access devices. This is projected to contribute to the vein recognition biometrics market growth in East Asia.
- Bank of China is planning to incorporate finger vein recognition into all its ATMs due to its high accuracy and strong defense against counterfeiting.
The adoption of vein recognition biometrics is projected to rise throughout the forecasted period. China, being a manufacturing hub and a leading producer of smart devices, has the potential to drive the growth of the vein recognition biometrics market in the long term. The market in China is projected to reach US$ 818.8 million by the end of 2034.
Category-wise Insights
Which Vein Recognition Biometrics Technology Accounts for a Leading Market Share?
“Effective Bias Elimination Offered by Finger Vein Recognition”
| Attribute | Finger Vein Pattern Recognition |
|---|---|
| Segment Value (2024E) | US$ 884 Million |
| Growth Rate (2024 to 2034) | 17.2% CAGR |
| Projected Value (2034F) | US$ 4.32 Billion |
Finger vein recognition identifies individuals based on their physical attributes and the unique characteristics of their vein patterns. Difficulty in duplicating vein images and their unchanging nature with age make finger vein recognition more precise than other biometric identification methods.
The issue of biometric bias is entirely circumvented with finger vein-based biometrics. This is because biometric bias arises from an algorithmic mistake when tasked with automatically identifying individuals based on their biological and behavioral characteristics. By disregarding physical attributes and relying solely on internal bodily processes for authentication, this problem is either completely avoided or significantly minimized.
Which Market Segment Accounts for High Revenue Generation?
“Physical Components Aligning with Diverse Industry Preferences”
| Attribute | Hardware |
|---|---|
| Segment Value (2024E) | US$ 998.1 Million |
| Growth Rate (2024–2034) | 17.5% CAGR |
| Projected Value (2034F) | US$ 4.99 Billion |
Hardware for vein recognition biometric systems accounts for a leading market share due to several factors. Hardware-based systems, characterized by their tangible and physical components, offer a level of reliability and security that resonates across diverse industries. This increased assurance in authentication is particularly crucial in sectors such as finance, healthcare, and government, where stringent security measures are paramount.
The accuracy and speed of hardware vein recognition biometrics solutions further contribute to their widespread adoption, ensuring efficient and precise user identification. Technological advancements, especially in sensor technology, have bolstered the effectiveness of hardware solutions, making them indispensable in various applications.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Several key players in the vein recognition biometrics market are Futronic, IDEMIA, Mofiria, Fujitsu Limited, Mantra Softech Pvt. Ltd., IdentyTech, Imprivata, and Mofiria.
Companies are investing in research and development to enhance the accuracy and efficiency of their vein recognition technologies. The market showcases several established biometric solution providers, each striving to carve a niche with unique features and applications. Partnerships with academic institutions and collaborations across industries contribute to the evolution of this landscape.
- In 2019, NEC forged a collaboration with Nagasaki University to institute a program focused on global health and biometric authentication within the framework of Nagasaki University’s Graduate School of Tropical Medicine and Global Health Studies.
Key Segments of Vein Recognition Biometrics Market Research
-
By Technology :
- Finger Vein Pattern Recognition
- Palm Vein Pattern Recognition
- Retina Vein Pattern Recognition
-
By Solution :
- Hardware
- Software
- Services
-
By Sector :
- BFSI
- Healthcare
- Manufacturing
- Services, Communication, & Media
- Retail
- Transportation & Utilities
- Institutions
- Residential
- Law Enforcement Offices
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data Points
- 4. Global Market Demand Analysis 2019 to 2023 And Forecast, 2024 to 2034
- 5. Global Market - Pricing Analysis
- 6. Global Market Demand (in Value or Size in US$ Million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Solution
- 7.1. Hardware
- 7.2. Software
- 7.3. Services
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
- 8.1. Finger Vein Pattern Recognition
- 8.2. Palm Vein Pattern Recognition
- 8.3. Retina Vein Pattern Recognition
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sector
- 9.1. BFSI
- 9.2. Healthcare
- 9.3. Manufacturing
- 9.4. Services, Communication & Media
- 9.5. Retail & Other Corporate
- 9.6. Transportation & Utilities
- 9.7. Institutions
- 9.8. Residential
- 9.9. Law Enforcement Offices
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. East Asia
- 10.5. South Asia & Oceania
- 10.6. Middle East and Africa (MEA)
- 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 15. South Asia & Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 16. Middle East and Africa (MEA) Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 17. Country-level Market Analysis and Forecast
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. Dormakaba Holdings
- 19.2. Fujitsu
- 19.3. Futronic
- 19.4. Hitachi Ltd.
- 19.5. Honeywell Security
- 19.6. IDEMIA
- 19.7. IdentyTech
- 19.8. Imprivata
- 19.9. Johnson Controls
- 19.10. M2SYS Technology
- 19.11. Mofiria
- 19.12. NEC Corporation
- 19.13. Shenzhen CAMA Biometrics Co., Ltd
- 19.14. Techsphere Company Ltd
- 20. Research Approach
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List Of Table
Table 01: Global Market Value (US$ million) and Forecast by Region, 2019 to 2023
Table 02: Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03: Global Market Volume (Units) and Forecast by Region, 2019 to 2023
Table 04: Global Market Volume (Units) and Forecast by Region, 2024 to 2034
Table 05: Global Market Value (US$ million) and Forecast By Solution, 2019 to 2023
Table 06: Global Market Value (US$ million) and Forecast By Solution, 2024 to 2034
Table 07: Global Market Volume (Units) and Forecast By Solution, 2019 to 2023
Table 08: Global Market Volume (Units) and Forecast By Solution, 2024 to 2034
Table 09: Global Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 10: Global Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 11: Global Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 12: Global Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 13: Global Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 14: Global Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 15: Global Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 16: Global Market Volume (Units) and Forecast By Sector, 2024 to 2034
Table 17: North America Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 18: North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 19: North America Market Volume (Units) and Forecast by Country, 2019 to 2023
Table 20: North America Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 21: North America Market Value (US$ million) and Forecast By Solutions, 2019 to 2023
Table 22: North America Market Value (US$ million) and Forecast By Solutions, 2024 to 2034
Table 23: North America Market Volume (Units) and Forecast By Solutions, 2019 to 2023
Table 24: North America Market Volume (Units) and Forecast By Solutions, 2024 to 2034
Table 25: North America Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 26: North America Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 27: North America Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 28: North America Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 29: North America Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 30: North America Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 31: North America Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 32: North America Market Volume (Units) and Forecast By Sector, 2024 to 2034
Table 33: North America Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 34: North America Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 35: North America Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 36: North America Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 37: North America Market Value (US$ million) and Forecast By End User, 2019 to 2023
Table 38: North America Market Value (US$ million) and Forecast By End User, 2024 to 2034
Table 39: North America Market Volume (Units) and Forecast By End User, 2019 to 2023
Table 40: North America Market Volume (Units) and Forecast By End User, 2024 to 2034
Table 41: Latin America Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 42: Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 43: Latin America Market Volume (Units) and Forecast by Country, 2019 to 2023
Table 44: Latin America Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 45: Latin America Market Value (US$ million) and Forecast By Solutions, 2019 to 2023
Table 46: Latin America Market Value (US$ million) and Forecast By Solutions, 2024 to 2034
Table 47: Latin America Market Volume (Units) and Forecast By Solutions, 2019 to 2023
Table 48: Latin America Market Volume (Units) and Forecast By Solutions, 2024 to 2034
Table 49: Latin America Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 50: Latin America Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 51: Latin America Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 52: Latin America Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 53: Latin America Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 54: Latin America Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 55: Latin America Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 56: Latin America Market Volume (Units) and Forecast By Sector, 2024 to 2034
Table 57: Europe Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 58: Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 59: Europe Market Volume (Units) and Forecast by Country, 2019 to 2023
Table 60: Europe Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 61: Europe Market Value (US$ million) and Forecast By Solutions, 2019 to 2023
Table 62: Europe Market Value (US$ million) and Forecast By Solutions, 2024 to 2034
Table 63: Europe Market Volume (Units) and Forecast By Solutions, 2019 to 2023
Table 64: Europe Market Volume (Units) and Forecast By Solutions, 2024 to 2034
Table 65: Europe Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 66: Europe Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 67: Europe Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 68: Europe Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 69: Europe Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 70: Europe Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 71: Europe Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 72: Europe Market Volume (Units) and Forecast By Sector, 2024 to 2034
Table 73: East Asia Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 74: East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 75: East Asia Market Volume (Units) and Forecast by Country, 2019 to 2023
Table 76: East Asia Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 77: East Asia Market Value (US$ million) and Forecast By Solutions, 2019 to 2023
Table 78: East Asia Market Value (US$ million) and Forecast By Solutions, 2024 to 2034
Table 79: East Asia Market Volume (Units) and Forecast By Solutions, 2019 to 2023
Table 80: East Asia Market Volume (Units) and Forecast By Solutions, 2024 to 2034
Table 81: East Asia Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 82: East Asia Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 83: East Asia Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 84: East Asia Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 85: East Asia Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 86: East Asia Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 87: East Asia Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 88: East Asia Market Volume (Units) and Forecast By Sector, 2024 to 2034
Table 89: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 90: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 91: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2019 to 2023
Table 92: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 93: South Asia & Oceania Market Value (US$ million) and Forecast By Solutions, 2019 to 2023
Table 94: South Asia & Oceania Market Value (US$ million) and Forecast By Solutions, 2024 to 2034
Table 95: South Asia & Oceania Market Volume (Units) and Forecast By Solutions, 2019 to 2023
Table 96: South Asia & Oceania Market Volume (Units) and Forecast By Solutions, 2024 to 2034
Table 97: South Asia & Oceania Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 98: South Asia & Oceania Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 99: South Asia & Oceania Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 100: South Asia & Oceania Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 101: South Asia & Oceania Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 102: South Asia & Oceania Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 103: South Asia & Oceania Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 104: South Asia & Oceania Market Volume (Units) and Forecast By Sector, 2024 to 2034
Table 105: Middle East & Africa Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 106: Middle East & Africa Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 107: Middle East & Africa Market Volume (Units) and Forecast by Country, 2019 to 2023
Table 108: Middle East & Africa Market Volume (Units) and Forecast by Country, 2024 to 2034
Table 109: Middle East & Africa Market Value (US$ million) and Forecast By Solutions, 2019 to 2023
Table 110: Middle East & Africa Market Value (US$ million) and Forecast By Solutions, 2024 to 2034
Table 111: Middle East & Africa Market Volume (Units) and Forecast By Solutions, 2019 to 2023
Table 112: Middle East & Africa Market Volume (Units) and Forecast By Solutions, 2024 to 2034
Table 113: Middle East & Africa Market Value (US$ million) and Forecast By Technology, 2019 to 2023
Table 114: Middle East & Africa Market Value (US$ million) and Forecast By Technology, 2024 to 2034
Table 115: Middle East & Africa Market Volume (Units) and Forecast By Technology, 2019 to 2023
Table 116: Middle East & Africa Market Volume (Units) and Forecast By Technology, 2024 to 2034
Table 117: Middle East & Africa Market Value (US$ million) and Forecast By Sector, 2019 to 2023
Table 118: Middle East & Africa Market Value (US$ million) and Forecast By Sector, 2024 to 2034
Table 119: Middle East & Africa Market Volume (Units) and Forecast By Sector, 2019 to 2023
Table 120: Middle East & Africa Market Volume (Units) and Forecast By Sector, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 02: Global Market Absolute $ Opportunity (US$ million), 2023 to 2034
Figure 03: Global Market Value (US$ million) and Volume (Units) by Region, 2024 & 2034
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2024 to 2034
Figure 05: Global Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 07: Global Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 08: Global Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 09: Global Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 10: Global Market Y-o-Y Growth Rate By Sector, 2024 to 2034
Figure 11: North America Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 12: North America Market Absolute $ Opportunity (US$ million), 2023 to 2034
Figure 13: North America Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 14: North America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 15: North America Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 16: North America Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 17: North America Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 18: North America Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 19: North America Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 20: North America Market Y-o-Y Growth Rate By Sector, 2024 to 2034
Figure 21: Latin America Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 22: Latin America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 23: Latin America Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 24: Latin America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 25: Latin America Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 26: Latin America Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 27: Latin America Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 28: Latin America Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 29: Latin America Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 30: Latin America Market Y-o-Y Growth Rate By Sector, 2024 to 2034
Figure 31: Europe Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2034
Figure 33: Europe Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 34: Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 35: Europe Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 36: Europe Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 37: Europe Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 38: Europe Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 39: Europe Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 40: Europe Market Y-o-Y Growth Rate By Sector, 2024 to 2034
Figure 41: East Asia Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 42: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2034
Figure 43: East Asia Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 44: East Asia Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 45: East Asia Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 46: East Asia Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 47: East Asia Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 48: East Asia Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 49: East Asia Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 50: East Asia Market Y-o-Y Growth Rate By Sector, 2024 to 2034
Figure 51: South Asia & Oceania Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 52: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 54: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 56: South Asia & Oceania Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 58: South Asia & Oceania Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 60: South Asia & Oceania Market Y-o-Y Growth Rate By Sector, 2024 to 2034
Figure 61: Middle East & Africa Market Value (US$ million) and Volume (Units) Forecast, 2024 to 2034
Figure 62: Middle East & Africa Market Absolute $ Opportunity (US$ million), 2023 to 2034
Figure 63: Middle East & Africa Market Value (US$ million) and Volume (Units) by Country, 2024 & 2034
Figure 64: Middle East & Africa Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 65: Middle East & Africa Market Value (US$ million) and Volume (Units) By Solution, 2024 & 2034
Figure 66: Middle East & Africa Market Y-o-Y Growth Rate By Solution, 2024 to 2034
Figure 67: Middle East & Africa Market Value (US$ million) and Volume (Units) By Technology, 2024 & 2034
Figure 68: Middle East & Africa Market Y-o-Y Growth Rate By Technology, 2024 to 2034
Figure 69: Middle East & Africa Market Value (US$ million) and Volume (Units) By Sector, 2024 & 2034
Figure 70: Middle East & Africa Market Y-o-Y Growth Rate By Sector, 2024 to 2034
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- FAQs -
What is the size of the vein recognition biometrics market in 2024?
The value of the global vein recognition biometrics market is estimated US$ 1.43 billion in 2024.
What is the revenue projection for vein recognition biometrics solutions for 2034?
By 2034, worldwide revenue from vein recognition biometrics solutions is projected to reach US$ 7.46 billion.
What is the forecasted growth rate for the global market?
Vein recognition biometrics solution sales are predicted to rise at 18% CAGR through 2034.
What is the sales outlook for vein recognition biometrics solutions in North America?
The market in North America is forecasted to increase at a CAGR of 18.2% from 2024 to 2034.
At what rate is the market projected to expand in East Asia?
The East Asia market is projected to advance at a CAGR of 18.4% from 2024 to 2034.
What is the demand projection for vein recognition biometrics solutions in Japan?
Demand for vein recognition biometrics solutions in Japan is forecasted to rise at a CAGR of 18.6% from 2024 to 2034.
Vein Recognition Biometrics Market