Human Identification Market By Product And Service (Consumables, Services, Instruments, Software), Technology (Capillary Electrophoresis, Microfluidics, Polymerase Chain Reaction (PCR), Nucleic Acid Purification And Extraction, Automated Liquid Handling, Microarrays, Next-generation Sequencing (NGS)
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Human Identification Market By Product And Service (Consumables, Services, Instruments, Software), Technology (Capillary Electrophoresis, Microfluidics, Polymerase Chain Reaction (PCR), Nucleic Acid Purification And Extraction, Automated Liquid Handling, Microarrays, Next-generation Sequencing (NGS)
Human Identification Market Valuation – 2024-2031
Biometric technology advancements and growing demand for forensic DNA analysis are driving the Human Identification Market. According to the analyst from Market Research, the Human Identification Market is estimated to reach a valuation of USD 4.26 Billion over the forecast subjugating around USD 1.81 Billion valued in 2023.
Growing awareness of the need for identity verification, as well as an increase in identity theft and fraud, drive demand for enhanced human identification solutions, supporting market growth. It enables the market to grow at a CAGR of 11.32% from 2024 to 2031.
Human Identification MarketDefinition/ Overview
Human identification is the process of precisely determining an individual’s identity using a variety of biometric and forensic techniques. This entails collecting, analyzing, and comparing distinct physical or biological characteristics such as fingerprints, DNA, face features, and iris patterns. Human identification has a wide range of uses, including law enforcement and criminal investigations, healthcare, border control, disaster victim identification, and personal identity management.
Furthermore, human identification plays an important role in disaster response activities since it allows for the speedy identification of victims during mass casualty events or natural disasters. Also, it is increasingly being used in common applications such as unlocking cellphones, accessing secure facilities, and tracking attendance records in numerous organizations.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
What Factors are Propelling the Growth of the Human Identification Market?
The ongoing advancement of DNA sequencing, biometric identifying technology (such as fingerprint, iris, face, and voice recognition), and data analytics has considerably improved the accuracy, efficiency, and scalability of human identification systems. Next-generation sequencing (NGS) and rapid DNA testing technologies have transformed forensic and medical applications, reducing time and cost.
Governments and corporate groups are rapidly implementing human identification technologies in response to growing concerns about national security, immigration control, and the need for effective law enforcement. This need covers a wide range of applications, including border control, criminal investigations, fraud prevention in the banking and financial industries, and access control in secure facilities. The focus on improving public safety and security infrastructure is an important market driver.
Furthermore, the adoption of rules and regulations governing identity verification, data protection, and privacy issues is influencing the Human Identification Market. Legislation such as the General Data Protection Regulation (GDPR) in Europe and other comparable frameworks throughout the world are encouraging organizations to implement compliant and secure identification solutions, and propelling market growth.
What are the Potential Impacts of Human Identification Systems Adoption in the Market?
Biometric systems can generate false positives (incorrectly recognizing an individual as a match) or false negatives (failing to recognize a true match). These errors have major consequences, ranging from restricting access to legitimate users to incorrectly identifying innocent individuals in criminal investigations, limiting its market proliferation.
Scalability becomes a critical difficulty as demand for human identification solutions develops in a variety of areas, including law enforcement, healthcare, finance, and more. Systems have to be able to manage massive amounts of data efficiently while also adapting to various applications and contexts. Thus, integrating new identification technologies into existing infrastructures without disrupting operations or jeopardizing security is a challenging issue for the market which hampers its market adoption.
Category-Wise Acumens
What are the Drivers that Contribute to the Demand for the Consumables Segment?
According to analysis, the consumable segment is estimated to hold the largest market share during the forecast period. Consumables, such as reagents, kits, and other supplies for DNA analysis, fingerprinting, and biometric data gathering, are frequently utilized. Consumables, unlike instruments or software, have to be replaced regularly. This constant need provides a consistent revenue stream for organizations in the human identification industry, contributing to the segment’s significant market share.
The growing sophistication of genomic analysis techniques, such as next-generation sequencing (NGS) and polymerase chain reaction (PCR), increases the demand for specialized consumables. As these technologies become more integrated into a variety of applications, including forensic investigation, paternity testing, and personalized medicine, the demand for high-quality consumables increases. The ongoing development and improvement of these consumables to satisfy the changing needs of genomic analysis adds to their market dominance.
Furthermore, human identification processes, particularly those involving forensics and legal applications, are subject to severe regulatory and quality requirements. Consumables utilized in these operations must be reliable and accurate. Compliance with these requirements ensures continued investment in high-quality consumables, which increases the segment’s market share.
What are the Potential Factors for the Dominance of Forensics Applications in the Market?
The forensics applications segment is estimated to dominate the Human Identification Market during the forecast period. The escalating global crime rates, particularly in cybercrime, terrorism, and theft, have raised the demand for forensic applications. Law enforcement and forensic departments rely significantly on sophisticated human identification technologies to solve crimes more quickly and accurately. This has accelerated the adoption of these technologies in forensic applications, increasing the segment’s market share.
The field of forensics has benefited greatly from technological improvements, particularly in DNA sequencing, biometrics, and digital forensics. These technical advancements have made forensic analysis more precise, faster, and cost-effective, allowing for its broad use in crime investigations, disaster victim identification, and historical inquiries. As technology advances, it allows for increasingly complicated identifications and analysis, boosting the market for forensic applications.
Gain Access into Human Identification Market Report Methodology
Country/Region-wise Acumens
What are the Factors that Contribute to North America’s Competitive Edge in the Market?
According to analyst, North America is estimated to dominate the Human Identification Market during the forecast period. North America is home to some of the world’s premier research institutions and biotechnology corporations, which are pioneering advances in human identification technologies. The region benefits from significant investments in R&D, which promotes advances in DNA analysis, biometrics, and other identification technologies. This excellent R&D infrastructure allows for the creation of cutting-edge technologies, adding to the region’s market leadership.
The North American market benefits greatly from strong government backing in terms of money, legislation, and programs to improve national security, law enforcement skills, and forensic science. For example, in the United States, federal agencies like as the FBI and the Department of Homeland Security make significant investments in biometric and forensic technologies for a variety of applications ranging from criminal investigations to border security. This government support not only encourages innovation, but also promotes the implementation of human identification technologies in a variety of areas.
Furthermore, human identification technologies are widely used in North America in a variety of areas, including law enforcement, healthcare, banking and finance, and retail. This widespread use is aided by a greater understanding of security requirements and the advantages of biometric and forensic technology in improving operational efficiencies and protecting personal and organizational assets.
What Elements Support the Highest Growth of Human Identification Systems in the Asia Pacific?
Asia Pacific region is estimated to exhibit the highest growth in the market during the forecast period. Many Asia Pacific countries are experiencing rapid economic expansion and urbanization, resulting in increased demand for advanced security and identification systems. As cities and economies grow, there is an increased demand for effective public security, financial services, and healthcare systems, all of which rely on modern human identification technologies. This economic progress is accompanied by increased expenditures in infrastructure that incorporates these technologies, hence fueling market growth.
Governments throughout the Asia Pacific are undertaking efforts and making significant investments to improve national security, border control, and public safety infrastructures. For example, there are numerous initiatives to implement biometric national IDs, e-passports, and visa management systems. These initiatives necessitate enhanced human identification technologies, thus, driving the expansion of the market in this region.
Furthermore, this region is experiencing an increase in knowledge and use of advanced technology such as biometrics and DNA analysis for a variety of applications ranging from banking and finance to healthcare. The widespread availability of smartphones and digital services has also increased the acceptability and integration of biometric identification technology into everyday life. Furthermore, the region is home to several fast-growing IT businesses that are pioneering in the human identification space, contributing to the market’s quick growth.
Competitive Landscape
The competitive landscape of the Human Identification Market is defined by a dynamic interplay of technical breakthroughs, regulatory frameworks, and market demands. Also, severe government rules control the collecting, storage, and use of human genetic data, posing both problems and opportunities for market participants.
Some of the prominent players operating in the Human Identification Market include
Agilent Technologies, Thermo Fisher Scientific, PerkinElmer, Illumina, QIAGEN, LGC Group, AND alytics, Becton, Dickinson and Company, Promega Corporation, LabCorp, Quest Diagnostics, Identidex, HID Global Corporation, Gemalto, Suprema Inc., Precise Biometrics, Yoti, Mitek, Veridas, and FaceTec.
Latest Developments
- In February 2024, Illumina announced a collaboration with the National Institute of Standards and Technology (NIST) to create new standards for next-generation sequencing (NGS) used in forensic DNA analyses.
- In February 2024, HID Global Corporation (HID) announced its latest biometric reader, the iCLASS SE Reader 9300, which includes greater security capabilities and a better user experience.
- In January 2024, Yoti collaborated with the UK government’s Department for Work and Pensions (DWP) to offer digital identity verification to citizens requesting benefits.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2018-2031 |
Growth Rate | CAGR of ~11.32% from 2024 to 2031 |
Base Year for Valuation | 2023 |
Historical Period | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
|
Regions Covered |
|
Key Players | Identidex, HID Global Corporation, Gemalto, Suprema Inc., Precise Biometrics, Yoti, Mitek, Veridas. |
Customization | Report customization along with purchase available upon request |
Human Identification Market, By Category
Product & Service
- Consumables
- Services
- Instruments
- Software
Technology
- Capillary Electrophoresis
- Microfluidics
- Polymerase Chain Reaction (PCR)
- Nucleic Acid Purification and Extraction
- Automated Liquid Handling
- Microarrays
- Next-generation Sequencing (NGS)
- Rapid DNA Analysis
- Others
Application
- Forensics Applications
- Paternity Identification
- Others
End-User
- Forensic Laboratories
- Research Centers
- Academic and Government Institutes
- Others
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.