Palm Vein Biometric Market Size, Share, and Trends 2024 to 2034

The global palm vein biometric market size is calculated at USD 817.90 million in 2025 and is forecasted to reach around USD 3,556.45 million by 2034, accelerating at a CAGR of 17.74% from 2025 to 2034. The North America market size surpassed USD 229.24 million in 2024 and is expanding at a CAGR of 17.91% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 5474
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Palm Vein Biometric Market 

5.1. COVID-19 Landscape: Palm Vein Biometric Industry Impact

5.2. COVID-19 - Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Palm Vein Biometric Market, By Technology

8.1. Palm Vein Biometric Market Revenue and Volume Forecast, by Technology

8.1.1. Contact-Based

8.1.1.1. Market Revenue and Volume Forecast 

8.1.2. Contactless

8.1.2.1. Market Revenue and Volume Forecast 

8.1.3. Hybrid

8.1.3.1. Market Revenue and Volume Forecast 

Chapter 9. Global Palm Vein Biometric Market, By Component

9.1. Palm Vein Biometric Market Revenue and Volume Forecast, by Component

9.1.1. Hardware

9.1.1.1. Market Revenue and Volume Forecast 

9.1.2. Software

9.1.2.1. Market Revenue and Volume Forecast 

9.1.3. Services

9.1.3.1. Market Revenue and Volume Forecast 

Chapter 10. Global Palm Vein Biometric Market, By Application

10.1. Palm Vein Biometric Market Revenue and Volume Forecast, by Application

10.1.1. Healthcare

10.1.1.1. Market Revenue and Volume Forecast 

10.1.2. Banking

10.1.2.1. Market Revenue and Volume Forecast 

10.1.3. Security Systems

10.1.3.1. Market Revenue and Volume Forecast 

10.1.4. Security Systems

10.1.4.1. Market Revenue and Volume Forecast 

10.1.5. Automated Attendance

10.1.5.1. Market Revenue and Volume Forecast 

Chapter 11. Global Palm Vein Biometric Market, By End Use 

11.1. Palm Vein Biometric Market Revenue and Volume Forecast, by End Use

11.1.1. Commercial

11.1.1.1. Market Revenue and Volume Forecast 

11.1.2. Government

11.1.2.1. Market Revenue and Volume Forecast 

11.1.3. Residential

11.1.3.1. Market Revenue and Volume Forecast 

Chapter 12. Global Palm Vein Biometric Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Technology 

12.1.2. Market Revenue and Volume Forecast, by Component 

12.1.3. Market Revenue and Volume Forecast, by Application 

12.1.4. Market Revenue and Volume Forecast, by End Use 

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Technology 

12.1.5.2. Market Revenue and Volume Forecast, by Component 

12.1.5.3. Market Revenue and Volume Forecast, by Application 

12.1.5.4. Market Revenue and Volume Forecast, by End Use 

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Technology 

12.1.6.2. Market Revenue and Volume Forecast, by Component 

12.1.6.3. Market Revenue and Volume Forecast, by Application 

12.1.6.4. Market Revenue and Volume Forecast, by End Use 

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Technology 

12.2.2. Market Revenue and Volume Forecast, by Component 

12.2.3. Market Revenue and Volume Forecast, by Application 

12.2.4. Market Revenue and Volume Forecast, by End Use 

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Technology 

12.2.5.2. Market Revenue and Volume Forecast, by Component 

12.2.5.3. Market Revenue and Volume Forecast, by Application 

12.2.5.4. Market Revenue and Volume Forecast, by End Use 

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Technology 

12.2.6.2. Market Revenue and Volume Forecast, by Component 

12.2.6.3. Market Revenue and Volume Forecast, by Application 

12.2.6.4. Market Revenue and Volume Forecast, by End Use 

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Technology 

12.2.7.2. Market Revenue and Volume Forecast, by Component 

12.2.7.3. Market Revenue and Volume Forecast, by Application 

12.2.7.4. Market Revenue and Volume Forecast, by End Use 

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Technology 

12.2.8.2. Market Revenue and Volume Forecast, by Component 

12.2.8.3. Market Revenue and Volume Forecast, by Application 

12.2.8.4. Market Revenue and Volume Forecast, by End Use 

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Technology 

12.3.2. Market Revenue and Volume Forecast, by Component 

12.3.3. Market Revenue and Volume Forecast, by Application 

12.3.4. Market Revenue and Volume Forecast, by End Use 

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Technology 

12.3.5.2. Market Revenue and Volume Forecast, by Component 

12.3.5.3. Market Revenue and Volume Forecast, by Application 

12.3.5.4. Market Revenue and Volume Forecast, by End Use 

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Technology 

12.3.6.2. Market Revenue and Volume Forecast, by Component 

12.3.6.3. Market Revenue and Volume Forecast, by Application 

12.3.6.4. Market Revenue and Volume Forecast, by End Use 

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Technology 

12.3.7.2. Market Revenue and Volume Forecast, by Component 

12.3.7.3. Market Revenue and Volume Forecast, by Application 

12.3.7.4. Market Revenue and Volume Forecast, by End Use 

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Technology 

12.3.8.2. Market Revenue and Volume Forecast, by Component 

12.3.8.3. Market Revenue and Volume Forecast, by Application 

12.3.8.4. Market Revenue and Volume Forecast, by End Use 

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Technology 

12.4.2. Market Revenue and Volume Forecast, by Component 

12.4.3. Market Revenue and Volume Forecast, by Application 

12.4.4. Market Revenue and Volume Forecast, by End Use 

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Technology 

12.4.5.2. Market Revenue and Volume Forecast, by Component 

12.4.5.3. Market Revenue and Volume Forecast, by Application 

12.4.5.4. Market Revenue and Volume Forecast, by End Use 

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Technology 

12.4.6.2. Market Revenue and Volume Forecast, by Component 

12.4.6.3. Market Revenue and Volume Forecast, by Application 

12.4.6.4. Market Revenue and Volume Forecast, by End Use 

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Technology 

12.4.7.2. Market Revenue and Volume Forecast, by Component 

12.4.7.3. Market Revenue and Volume Forecast, by Application 

12.4.7.4. Market Revenue and Volume Forecast, by End Use 

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Technology 

12.4.8.2. Market Revenue and Volume Forecast, by Component 

12.4.8.3. Market Revenue and Volume Forecast, by Application 

12.4.8.4. Market Revenue and Volume Forecast, by End Use 

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Technology 

12.5.2. Market Revenue and Volume Forecast, by Component 

12.5.3. Market Revenue and Volume Forecast, by Application 

12.5.4. Market Revenue and Volume Forecast, by End Use 

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Technology 

12.5.5.2. Market Revenue and Volume Forecast, by Component 

12.5.5.3. Market Revenue and Volume Forecast, by Application 

12.5.5.4. Market Revenue and Volume Forecast, by End Use 

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Technology 

12.5.6.2. Market Revenue and Volume Forecast, by Component 

12.5.6.3. Market Revenue and Volume Forecast, by Application 

12.5.6.4. Market Revenue and Volume Forecast, by End Use 

Chapter 13. Company Profiles

13.1. HID Global

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. IDEMIA

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. INFINIDAT

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Oak Ridge National Laboratory

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. SRI International

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. MorphoTrust USA

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Analogic

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. ZKTECO

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. BioSec Group

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Versasec

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global palm vein biometric market size is expected to grow from USD 694.67 million in 2024 to USD 3,556.45 million by 2034.

The palm vein biometric market is anticipated to grow at a CAGR of 17.74% between 2025 and 2034.

The major players operating in the palm vein biometric market are HID Global, IDEMIA, INFINIDAT, Oak Ridge National Laboratory, SRI International, MorphoTrust USA, Analogic, ZKTECO, BioSec Group, Versasec, Fujitsu, Crossmatch, SecuGen, NEC Corporation, and Others.

The driving factors of the palm vein biometric market are the Growing national security concerns will likely contribute to the market growth over the forecast period.

North America region will lead the global palm vein biometric market during the forecast period 2025 to 2034.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client