As the global economy recovers in 2021 and the supply of the industrial chain improves, the Biometric Card market will undergo major changes. The Global Biometric Card Market was valued at USD 15.55 million in 2021 and is expected to reach USD 2,701.17 million by 2027, registering a CAGR of 117.76% during the forecast period (2022-2027). Increasing demand for biometric authentication systems across various end-users, including banking, retail, gaming, and security, is expected to support the growth of the studied market during the forecast period.
The global Biometric Card industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Biometric Card market during the next few years. The global Biometric Card market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The Biometric Card market can be split based on product types, major applications, and important regions as follows:
IDEX Biometrics ASA
Government ID and Financial Inclusion
Other End-user Verticals