Biometric System Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Biometric System Market: By Authentication Type (Single-Factor Authentication and Multifactor Authentication), By Component (Software and Hardware), By Functionality Type (Contact Functionality, Noncontact Functionality and Combined Functionality), By Application (Government, Military & Defense, Healthcare, Banking & Finance, Consumer Electronics, Travel & Immigration, Automotive, Security and Others) and Geography

 

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Report

Description

Biometric System Market size was valued at 41.50 Million in 2021 and is estimated to reach 100.09 Million by 2028, at a CAGR of 13.4% during the forecast period 2022 to 2028. Some of the factors favoring the market growth are rising adoption of biometric systems across all industry verticals, technological advancements and growing need for surveillance and security owing to the threats of terrorist attacks. However, lack of skilled people for operating biometric systems and threat of privacy and data breach restricting the market growth. Global market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Mar 2018, Thales acquired Gemalto, a key player in digital security, at USD 5.5 billion (USD 61.57 per share cum dividend). Under this agreement, Thales combined its digital assets with Gemalto and increased the R&D investments in the digital security businesses. Biometric systems are a type of technology that uses biological data to determine a person’s identity. These systems are commonly used for statistical analysis of people’s behavioural and physical features in a company. Biometric authentication is created by the biometric industry to demonstrate that each individual’s physical and behavioural characteristics are distinct and unique. The majority of businesses employ these systems, which helps to drive the worldwide biometric system market forward. One of the key reasons for the growth of the biometric system market is the simple and unique biometric operation. According to the biometric system analysis, the increased use of biometric systems has resulted from an increase in the number of terror incidents and rising crime rates.

Biometric System Market

MARKET SUMMARY
-
13.4% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 13.4%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Asia Pacific

Biometric System Market

  • Global biometric system market report gives comprehensive outlook on biometric system across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global biometric system market gives historical, current, and future market sizes (US$ Mn) on the basis of authentication type, component, functionality type, application and region.
  • This report studies global biometric system market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • Key stakeholders of the global biometric system market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global biometric system products.
Market Key Players
  • Safran (France)
  • NEC (Japan)
  • Thales (France)
  • Fujitsu (Japan)
  • ASSA ABLOY (Sweden)
  • Precise Biometrics (Sweden)
  • Aware (US)
  • Secunet Security Networks (Germany)
Growth

Biometric System Market

Various types of biometrics are used for authentication in both the public and private sectors. Several companies and government entities use multiple biometrics. Governments across the globe are jumping on board with biometrics for many different purposes. Many nations are using fingerprints or palm readers to identify citizens for voting or receiving benefits. In the US, government uses of biometrics that include iris scanning for TSA screening in airports, facial recognition for the FBI database, and fingerprints for tracking inmates in the prison system and in border management. Information technology, finance, and government are the market sectors showing the most increase in their employment of biometrics for identifying users.


North-America Got Significant Share

Biometric System Market

Asia Pacific accounted for larger revenue share in global biometric system market with considerable CAGR. Asia Pacific is anticipated to witness considerable growth in this market due to the enhanced security and to authenticate the access to confidential data which has made the use of biometric devices mandatory for better performance of the organization in both public and private sectors in India. In addition, the deployment of biometric systems into various sectors such as healthcare, defense, airport security, academics, banking and finance and retail sectors has increased the regional demand.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global biometric system market expanding at significant CAGR over 2022 to 2028 owing rising adoption of biometric systems across all industry verticals
  • Based on authentication type, single-factor authentication segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global biometric system market

Key

Key Features of the Report

Biometric System Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

  1. Executive Summary
  2. Global Biometric System Market Introduction
    • Global Biometric System Market – Taxonomy
    • Global Biometric System Market –Definitions
      • Authentication Type
      • Component
      • Functionality Type
      • Application
  3. Global Biometric System Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Biometric System Market Dynamic Factors – Impact Analysis
    • Global Biometric System Market – Competition Landscape
  4. Global Biometric System Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Biometric System Market, By Authentication Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Single-Factor Authentication
      • Fingerprint Recognition
        • AFIS
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Non – AFIS
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • IRIS Recognition
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Palm Print Recognition
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Face Recognition
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Vein Recognition
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Signature Recognition
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Voice Recognition
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Others
          • DNA Recognition
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Keystroke Recognition
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • GAIT Recognition
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Otoacoustic Recognition
            • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
            • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
            • Market Opportunity Analysis
          • Multifactor Authentication
            • Smart Card With Biometrics
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
            • Pin With Biometrics
              • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
              • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
              • Market Opportunity Analysis
            • Multimodal Biometrics
              • Two-Factor Biometrics
                • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                • Market Opportunity Analysis
              • Three-Factor Biometrics
                • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
                • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
                • Market Opportunity Analysis
  1. Global Biometric System Market Forecast, By Component, 2014 – 2018 and Forecast, 2019 – 2025
    • Software
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hardware
      • Fingerprint Readers
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Scanners
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Camera
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others (RFID Reader, Microphone, Speaker, Connectivity IC)
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Biometric System Market Forecast, By Functionality Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Contact Functionality
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Noncontact Functionality
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Combined Functionality
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Biometric System Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Government
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Military & Defense
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Banking & Finance
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Consumer Electronics
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Travel & Immigration
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Security
      • Residential Security
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Commercial Security
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others (Entertainment, Industrial & Utility)
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Global Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Region, 2019 – 2025
  1. Global Biometric System Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Region, 2019 – 2025
  2. North America Biometric System Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Authentication Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Single-Factor Authentication
      • Fingerprint Recognition
        • AFIS
        • Non-AFIS
      • IRIS Recognition
      • Palm Print Recognition
      • Face Recognition
      • Vein Recognition
      • Signature Recognition
      • Voice Recognition
      • Others
        • DNA Recognition
        • Keystroke Recognition
        • GAIT Recognition
        • Otoacoustic Recognition
      • Multifactor Authentication
        • Smart Card With Biometrics
        • Pin With Biometrics
        • Multimodal Biometrics
          • Two-Factor Biometrics
          • Three-Factor Biometrics
        • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Software
          • Hardware
            • Fingerprint Readers
            • Scanners
            • Camera
            • Others (RFID Reader. Microphone, Speaker, Connectivity IC)
          • Functionality Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Contact Functionality
            • Noncontact Functionality
            • Combined Functionality
          • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Government
            • Military & Defense
            • Healthcare
            • Banking & Finance
            • Consumer Electronics
            • Travel & Immigration
            • Automotive
            • Security
              • Residential Security
              • Commercial Security
            • Others (Entertainment, Industrial & Utility)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • US.
            • Canada
          • North America Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Country, 2019 – 2025
          • North America Biometric System Market Dynamics – Trends
  1. Europe Biometric System Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Authentication Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Single-Factor Authentication
      • Fingerprint Recognition
        • AFIS
        • Non-AFIS
      • IRIS Recognition
      • Palm Print Recognition
      • Face Recognition
      • Vein Recognition
      • Signature Recognition
      • Voice Recognition
      • Others
        • DNA Recognition
        • Keystroke Recognition
        • GAIT Recognition
        • Otoacoustic Recognition
      • Multifactor Authentication
        • Smart Card With Biometrics
        • Pin With Biometrics
        • Multimodal Biometrics
          • Two-Factor Biometrics
          • Three-Factor Biometrics
        • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Software
          • Hardware
            • Fingerprint Readers
            • Scanners
            • Camera
            • Others (RFID Reader. Microphone, Speaker, Connectivity IC)
          • Functionality Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Contact Functionality
            • Noncontact Functionality
            • Combined Functionality
          • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Government
            • Military & Defense
            • Healthcare
            • Banking & Finance
            • Consumer Electronics
            • Travel & Immigration
            • Automotive
            • Security
              • Residential Security
              • Commercial Security
            • Others (Entertainment, Industrial & Utility)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Germany
            • UK
            • France
            • Spain
            • Italy
            • Russia
            • Poland
            • Rest of Europe
          • Europe Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Country, 2019 – 2025
          • Europe Biometric System Market Dynamics – Trends
  1. Asia-Pacific Biometric System Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Authentication Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Single-Factor Authentication
      • Fingerprint Recognition
        • AFIS
        • Non-AFIS
      • IRIS Recognition
      • Palm Print Recognition
      • Face Recognition
      • Vein Recognition
      • Signature Recognition
      • Voice Recognition
      • Others
        • DNA Recognition
        • Keystroke Recognition
        • GAIT Recognition
        • Otoacoustic Recognition
      • Multifactor Authentication
        • Smart Card With Biometrics
        • Pin With Biometrics
        • Multimodal Biometrics
          • Two-Factor Biometrics
          • Three-Factor Biometrics
        • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Software
          • Hardware
            • Fingerprint Readers
            • Scanners
            • Camera
            • Others (RFID Reader. Microphone, Speaker, Connectivity IC)
          • Functionality Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Contact Functionality
            • Noncontact Functionality
            • Combined Functionality
          • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Government
            • Military & Defense
            • Healthcare
            • Banking & Finance
            • Consumer Electronics
            • Travel & Immigration
            • Automotive
            • Security
              • Residential Security
              • Commercial Security
            • Others (Entertainment, Industrial & Utility)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Japan
            • China
            • India
            • ASEAN
            • Australia & New Zealand
            • Rest of Asia-Pacific
          • Asia-Pacific Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Country, 2019 – 2025
          • Asia-Pacific Biometric System Market Dynamics – Trends
  1. Latin America Biometric System Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Authentication Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Single-Factor Authentication
      • Fingerprint Recognition
        • AFIS
        • Non-AFIS
      • IRIS Recognition
      • Palm Print Recognition
      • Face Recognition
      • Vein Recognition
      • Signature Recognition
      • Voice Recognition
      • Others
        • DNA Recognition
        • Keystroke Recognition
        • GAIT Recognition
        • Otoacoustic Recognition
      • Multifactor Authentication
        • Smart Card With Biometrics
        • Pin With Biometrics
        • Multimodal Biometrics
          • Two-Factor Biometrics
          • Three-Factor Biometrics
        • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Software
          • Hardware
            • Fingerprint Readers
            • Scanners
            • Camera
            • Others (RFID Reader. Microphone, Speaker, Connectivity IC)
          • Functionality Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Contact Functionality
            • Noncontact Functionality
            • Combined Functionality
          • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Government
            • Military & Defense
            • Healthcare
            • Banking & Finance
            • Consumer Electronics
            • Travel & Immigration
            • Automotive
            • Security
              • Residential Security
              • Commercial Security
            • Others (Entertainment, Industrial & Utility)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Brazil
            • Mexico
            • Argentina
            • Rest of Latin America
          • Latin America Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Country, 2019 – 2025
          • Latin America Biometric System Market Dynamics – Trends
  1. Middle East and Africa Biometric System Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Authentication Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Single-Factor Authentication
      • Fingerprint Recognition
        • AFIS
        • Non-AFIS
      • IRIS Recognition
      • Palm Print Recognition
      • Face Recognition
      • Vein Recognition
      • Signature Recognition
      • Voice Recognition
      • Others
        • DNA Recognition
        • Keystroke Recognition
        • GAIT Recognition
        • Otoacoustic Recognition
      • Multifactor Authentication
        • Smart Card With Biometrics
        • Pin With Biometrics
        • Multimodal Biometrics
          • Two-Factor Biometrics
          • Three-Factor Biometrics
        • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
          • Software
          • Hardware
            • Fingerprint Readers
            • Scanners
            • Camera
            • Others (RFID Reader. Microphone, Speaker, Connectivity IC)
          • Functionality Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Contact Functionality
            • Noncontact Functionality
            • Combined Functionality
          • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
            • Government
            • Military & Defense
            • Healthcare
            • Banking & Finance
            • Consumer Electronics
            • Travel & Immigration
            • Automotive
            • Security
              • Residential Security
              • Commercial Security
            • Others (Entertainment, Industrial & Utility)
          • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
            • Gulf Cooperation Council (GCC) Countries
            • Israel
            • South Africa
            • Rest of MEA
          • MEA Biometric System Market – Opportunity Analysis Index, By Authentication Type, Component, Functionality Type, Application and Country, 2019 – 2025
          • MEA Biometric System Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Component & Component Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Safran (France)
      • NEC (Japan)
      • Thales (France)
      • Fujitsu (Japan)
      • ASSA ABLOY (Sweden)
      • Precise Biometrics (Sweden)
      • Aware (US)
      • Secunet Security Networks (Germany)
      • Cross Match Technologies (US)
      • Stanley Black & Decker (France)
      • Cognitec Systems (Germany)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • Safran (France)
  • NEC (Japan)
  • Thales (France)
  • Fujitsu (Japan)
  • ASSA ABLOY (Sweden)
  • Precise Biometrics (Sweden)
  • Aware (US)
  • Secunet Security Networks (Germany)
  • Cross Match Technologies (US)
  • Stanley Black & Decker (France)
  • Cognitec Systems (Germany)

Description

Biometric System Market size was valued at 41.50 Million in 2021 and is estimated to reach 100.09 Million by 2028, at a CAGR of 13.4% during the forecast period 2022 to 2028. Some of the factors favoring the market growth are rising adoption of biometric systems across all industry verticals, technological advancements and growing need for surveillance and security owing to the threats of terrorist attacks. However, lack of skilled people for operating biometric systems and threat of privacy and data breach restricting the market growth. Global market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Mar 2018, Thales acquired Gemalto, a key player in digital security, at USD 5.5 billion (USD 61.57 per share cum dividend). Under this agreement, Thales combined its digital assets with Gemalto and increased the R&D investments in the digital security businesses. Biometric systems are a type of technology that uses biological data to determine a person’s identity. These systems are commonly used for statistical analysis of people’s behavioural and physical features in a company. Biometric authentication is created by the biometric industry to demonstrate that each individual’s physical and behavioural characteristics are distinct and unique. The majority of businesses employ these systems, which helps to drive the worldwide biometric system market forward. One of the key reasons for the growth of the biometric system market is the simple and unique biometric operation. According to the biometric system analysis, the increased use of biometric systems has resulted from an increase in the number of terror incidents and rising crime rates.

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