Reports
Global Biometric System Market: By Authentication Type and Technology: Single-Factor Authentication, Multi-Factor Authentication; By Offering: Hardware, Software; By Type; By Vertical; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Biometric System Market Outlook
The global biometric system market attained a value of about USD 41.47 billion in 2021. The market is further expected to grow at a CAGR of 13.30% during the forecast period of 2023-2028 to reach nearly USD 87.72 billion by 2027.
Rising Deployment of Authentication Technology in Smartphones to Aid the Market Growth of Biometric System
The global market for biometric system is being driven by the rising cases of digital fraud. The d igitisation of various services allows for smooth operations but are at the same time vulnerable to threats, such as cyberattacks, identity theft, and payment frauds, among others.
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Hence, to diminish the concerns of such fraudulent activities, a biometric system is being deployed in various sectors to enhance the security of operations and safeguard the interests of people. In addition, owing to the rising incomes of people, the penetration of smartphones is encouraging the implementation of various security innovations, which is augmenting the overall market growth of biometric system.
The single-factor authentication segment of the biometric system is the fastest growing segment due to the implementation of fingerprint recognition and face recognition features in electronic appliances like smartphones and laptops. Furthermore, multi-factor authentication solutions are emerging solutions in applications like WhatsApp, and Facebook to provide enhanced security to its users. Hence, the deployment of authentication technology in consumer electronic devices are propelling the market growth of biometric system.
Biometric System: Industry Definition and Segmentation:
A biometric system refers to a system that allows a person to be identified and authenticated based on recognisable and verifiable data using mathematical algorithms and biometric data.
The market, based on authentication type and technology, can broadly be segmented into:
- Single-Factor Authentication
- Multi-Factor Authentication
Single-factor authentication can be further divided into fingerprint recognition, iris recognition, palm print recognition, face recognition, vein recognition, signature recognition, and voice recognition, among others.
Multi-factor authentication can be further divided into biometric smart card, biometric pin, and multimodal.
On the basis of offering, the market can be categorised into:
- Hardware
- Software
The hardware segment can be further divided into fingerprint readers, scanners, and camera, among others.
On the basis of type, the market can be divided into:
- Contact Based
- Contactless
- Hybrid
On the basis of vertical, the market can be segmented into:
- Government
- Military and Defence
- Healthcare
- Banking and Finance
- Consumer Electronics
- Travel and Immigration
- Automotive
- Security
- Others
The EMR report looks into the regional markets of biometric system like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Deployment of Biometric Solutions by Government Sector to Aid in the Market Growth of Biometric System
The growth in the global market for biometric solutions can be attributed to the rising adoption of authentication solutions by various end-use sectors to streamline security operations. The government sector is significantly contributing to the market growth of biometric system as the issue of security is integral to a country’s safety. Authentication solutions allow to enhance security in restricted areas and are accurate authentication solutions for various government applications, including national identification cards, passports, and voter registrations, among others, thereby propelling the industry growth.
The development of technologies from fingerprint recognition to face, eye, and voice biometrics with the introduction of artificial intelligence (AI), are augmenting the market growth. In addition, owing to large investments in the IT sector, advances in facial recognition system deployed in law enforcement firms and military operations allows to authenticate a person’s identity from a distance, hence ensuring maximum security, thereby boosting the demand for biometric system in government sector.
Key Industry Players in the Global Biometric System Market
The report presents a detailed analysis of the following key players in the global biometric system market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- Thales Group
- Safran S.A.
- NEC Corporation
- Assa Abloy AB
- Fujitsu Limited
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Authentication Type and Technology, Offering, Type, Vertical, Region |
| Breakup by Authentication Type and Technology | Single-Factor Authentication, Multi-Factor Authentication |
| Breakup by Offering | Hardware, Software |
| Breakup by Type | Contact Based, Contactless, Hybrid |
| Breakup by Vertical | Government, Military and Defence, Healthcare, Banking and Finance, Consumer Electronics, Travel and Immigration, Automotive, Security, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Thales Group, Safran S.A., NEC Corporation, Assa Abloy AB, Fujitsu Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Biometric System Market Analysis
8.1 Key Industry Highlights
8.2 Global Biometric System Historical Market (2018-2022)
8.3 Global Biometric System Market Forecast (2023-2028)
8.4 Global Biometric System Market by Authentication Type and Technology
8.4.1 Single-Factor Authentication
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Fingerprint Recognition
8.4.1.3.2 Iris Recognition
8.4.1.3.3 Palm Print Recognition
8.4.1.3.4 Face Recognition
8.4.1.3.5 Vein Recognition
8.4.1.3.6 Signature Recognition
8.4.1.3.7 Voice Recognition
8.4.1.3.8 Others
8.4.2 Multi-Factor Authentication
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Type
8.4.2.3.1 Biometric Smart Card
8.4.2.3.2 Biometric Pin
8.4.2.3.3 Multimodal
8.5 Global Biometric System Market by Offering
8.5.1 Hardware
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.1.3 Breakup by Type
8.5.1.3.1 Fingerprint Readers
8.5.1.3.2 Scanners
8.5.1.3.3 Cameras
8.5.1.3.4 Others
8.5.2 Software
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Biometric System Market by Type
8.6.1 Contact Based
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Contactless
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Hybrid
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Biometric System Market by Vertical
8.7.1 Government
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Military and Defence
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Banking and Finance
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Consumer Electronics
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Travel and Immigration
8.7.6.1 Historical Trend (2018-2022)
8.7.6.2 Forecast Trend (2023-2028)
8.7.7 Automotive
8.7.7.1 Historical Trend (2018-2022)
8.7.7.2 Forecast Trend (2023-2028)
8.7.8 Security
8.7.8.1 Historical Trend (2018-2022)
8.7.8.2 Forecast Trend (2023-2028)
8.7.9 Others
8.8 Global Biometric System Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.8 Middle East and Africa
8.8.8.1 Historical Trend (2018-2022)
8.8.8.2 Forecast Trend (2023-2028)
9 North America Biometric System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Biometric System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Biometric System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Biometric System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Biometric System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Thales Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Safran S.A.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NEC Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Assa Abloy AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Fujitsu Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Biometric System Market: Key Industry Highlights, 2018 and 2028
2. Global Biometric System Historical Market: Breakup by Authentication Type and Technology (USD Billion), 2018-2022
3. Global Biometric System Market Forecast: Breakup by Authentication Type and Technology (USD Billion), 2023-2028
4. Global Biometric System Historical Market: Breakup by Offering (USD Billion), 2018-2022
5. Global Biometric System Market Forecast: Breakup by Offering (USD Billion), 2023-2028
6. Global Biometric System Historical Market: Breakup by Type (USD Billion), 2018-2022
7. Global Biometric System Market Forecast: Breakup by Type (USD Billion), 2023-2028
8. Global Biometric System Historical Market: Breakup by Vertical (USD Billion), 2018-2022
9. Global Biometric System Market Forecast: Breakup by Vertical (USD Billion), 2023-2028
10. Global Biometric System Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Biometric System Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Biometric System Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Biometric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Biometric System Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Biometric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Biometric System Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Biometric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Biometric System Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Biometric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Biometric System Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Biometric System Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Biometric System Market Structure
Key Questions Answered in the Report
The global biometric system market attained a value of nearly USD 41.47 billion in 2021.
The market is projected to grow at a CAGR of 13.30% in the forecast period of 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 87.72 billion by 2027.
The industry is being driven by the deployment of single-factor authentication solutions like fingerprint recognition and face recognition technologies in smartphones and laptops.
The market for biometric system is being propelled by the increasing utilisation of biometric system in the government sector to provide enhanced security and prevent frauds.
The major regional markets for biometric system are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The major authentication types and technologies of biometric system include single-factor authentication and multi-factor authentication.
Biometric system are broadly offered in hardware and software.
The different types of biometric system are contact based, contactless, and hybrid.
The major verticals of biometric system are government, military and defence, healthcare, banking and finance, consumer electronics, travel and immigration, automotive, and security, among others.
The major players in the industry are Thales Group, Safran S.A., NEC Corporation, Assa Abloy AB, and Fujitsu Limited, among others.
Analyst Review
The global biometric system market attained a value of about USD 41.47 billion in 2021, driven by the rising demand for single-factor authentication technology in consumer electronics. Aided by deployment of biometric system in government sector, the market is expected to grow at a CAGR of 13.30% in the forecast period of 2023-2028 to reach nearly USD 87.72 billion by 2027.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of authentication type and technology, the market is divided into single factor authentication and multi-factor authentication. Based on offering, the market can be segmented into hardware and software. On the basis of type, the market can broadly be categorised on the basis of type into contact based, contactless, and hybrid. The market, based on vertical, can be divided into government, military and defence, healthcare, banking and finance, consumer electronics, travel and immigration, automotive, and security, among others. The major regional markets for biometric system are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Thales Group, Safran S.A., NEC Corporation, Assa Abloy AB, and Fujitsu Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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