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Global Biometrics Market Expected to Reach USD 40.5 Billion by 2026, Aided by the Rising Acceptance of the Technology Globally

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Global Biometrics Market: By Technology: Face Recognition, Hand Geometry, Others; By Functionality; By Component; By Authentication; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Biometrics Market Outlook 

The global biometrics market size reached a value of almost USD 17.5 billion in the year 2020. The biometrics market is further expected to grow at a CAGR of 15% between 2021 and 2026 to reach a value of almost USD 40.5 billion by 2026.

 

Biometrics Market

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The global biometrics market is driven by the integration of biometrics in consumer electronics. North America is the leading regional market, accounting for the majority of the global market share. The industry is finding impetus for its growth by the rising adoption of biometric technologies by banks and organisations to prevent fraudulent activities.

 

Biometrics Market by Technology

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Properties and Applications

Biometrics is referred to as a technological authentication method that is employed in information assurance (IA) for secure entry, access, or data. It primarily relies on scanning a person’s physical or biological characteristics, like the face, fingerprint, iris, DNA, palm, retina, and palm veins, which are challenging to forge or duplicate. It assists in providing more accurate identification and decreases the risk of undesirable intrusion. Therefore, biometrics technologies are extensively used in banks, schools, public libraries, colleges, corporate and government offices, and consumer electronics such as smartphones and tablets.

The biometrics market is segmented on the basis of technology into:

  • Face Recognition
  • Hand Geometry
  • Voice Recognition
  • Signature Recognition
  • Iris Recognition
  • AFIS
  • Non-AFIS
  • Others

Amongst these biometrics technologies, non-AFIS represents the most commonly used technology across the globe.

On the basis of functionality, the biometrics market is divided into:

  • Contact
  • Non-contact
  • Combined 

Amongst these, contact represents the largest segment, dominating the biometrics market. 

On the basis of component, the biometrics market is bifurcated into:

  • Hardware  
  • Software

By authentication, the biometrics market is divided into:

  • Single-Factor Authentication
  • Multifactor Authentication

Amongst these, single-factor authentication holds the majority of the total industry share.

On the basis of end-uses, the biometrics market is divided into:

  • Government
  • Defence Services
  • Banking and Finance
  • Consumer Electronics
  • Healthcare  
  • Commercial Safety and Security
  • Transport/Visa/Logistics
  • Others  

The report also covers the regional markets of the technology like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Biometrics Market by Region

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Market Analysis 

The global biometrics market is driven by the growing acceptance of biometrics technologies across the globe, owing to their affordability and easy usage. For example, employees and other personnel in the corporate sector prefer the use of biometric security systems as they do not require memorizing passwords or carrying an identification card all the time. Besides, several manufacturers of smartphones are featuring fingerprint scanners in their devices to improve the overall user experience. The introduction of fingerprint scanners has also led several banking organisations to adopt biometric technologies to safeguard their users from fraudulent activities while using online banking services or while making transactions on e-commerce websites through their mobile devices. Moreover, various government organisations are using these technologies, especially in the e-passport and e-visa programs, further aiding the biometrics market growth.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global biometrics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Accu-Time Systems, Inc.
  • BIO-Key International, Inc.
  • Cognitec Systems, GmbH
  • Fujitsu Limited
  • NEC Corporation
  • RCG Holdings Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Functionality, Component, Authentication, End Use, Region
Breakup by Technology Face Recognition, Hand Geometry, Voice Recognition, Signature Recognition, Iris Recognition, AFIS, Non-AFIS, Others
Breakup by Functionality Contact, Non-contact, Combined
Breakup by Component Hardware, Software
Breakup by Authentication Single-Factor Authentication, Multifactor Authentication
Breakup by End Use Government, Defence Services, Banking and Finance, Consumer Electronics, Healthcare, Commercial Safety and Security, Transport/Visa/Logistics, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Accu-Time Systems, Inc., BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, NEC Corporation, RCG Holdings 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Biometrics Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Biometrics Historical Market (2016-2020) 
    8.3    Global Biometrics Market Forecast (2021-2026)
    8.4    Global Biometrics Market by Technology
        8.4.1    Face Recognition
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Hand Geometry
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Voice Recognition
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Signature Recognition
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Iris Recognition
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    AFIS
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Non-AFIS
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2016-2020)
            8.4.7.3    Forecast Trend (2021-2026)
        8.4.8    Others
    8.5    Global Biometrics Market by Functionality
        8.5.1    Contact
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Non-contact
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Combined  
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Biometrics Market by Component
        8.6.1    Hardware  
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Software
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Biometrics Market by Authentication
        8.7.1    Single-Factor Authentication
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Multifactor Authentication
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Biometrics Market by End Use
        8.8.1    Government
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Defence Services  
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Banking and Finance  
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Consumer Electronics    
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2016-2020)
            8.8.4.3    Forecast Trend (2021-2026)
        8.8.5    Healthcare  
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2016-2020)
            8.8.5.3    Forecast Trend (2021-2026)
        8.8.6    Commercial Safety and Security  
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2016-2020)
            8.8.6.3    Forecast Trend (2021-2026)
        8.8.7    Transport/Visa/Logistics 
            8.8.7.1    Market Share
            8.8.7.2    Historical Trend (2016-2020)
            8.8.7.3    Forecast Trend (2021-2026)
        8.8.8    Others
    8.9    Global Biometrics Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players' Market Share
    12.3    Company Profiles
        12.3.1    Accu-Time Systems, Inc.
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    BIO-Key International, Inc.
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Cognitec Systems, GmbH
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    Fujitsu Limited
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications
        12.3.5    NEC Corporation
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Financial Summary
            12.3.5.5    Certifications
        12.3.6    RCG Holdings Limited
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Financial Summary
            12.3.6.5    Certifications
        12.3.7    Others
13    Events and Developments

 

List of Figures and Tables

1.    Global Biometrics Market: Key Industry Highlights, 2016 and 2026
2.    Global Biometrics Historical Market: Breakup by Technology (USD Billion), 2016-2020
3.    Global Biometrics Market Forecast: Breakup by Technology (USD Billion), 2021-2026
4.    Global Biometrics Historical Market: Breakup by Functionality (USD Billion), 2016-2020
5.    Global Biometrics Market Forecast: Breakup by Functionality (USD Billion), 2021-2026
6.    Global Biometrics Historical Market: Breakup by Component (USD Billion), 2016-2020
7.    Global Biometrics Market Forecast: Breakup by Component (USD Billion), 2021-2026
8.    Global Biometrics Historical Market: Breakup by Authentication (USD Billion), 2016-2020
9.    Global Biometrics Market Forecast: Breakup by Authentication (USD Billion), 2021-2026
10.    Global Biometrics Historical Market: Breakup by End Use (USD Billion), 2016-2020
11.    Global Biometrics Market Forecast: Breakup by End Use (USD Billion), 2021-2026
1.    Global Biometrics Historical Market: Breakup by Region (USD Billion), 2016-2020
2.    Global Biometrics Market Forecast: Breakup by Region (USD Billion), 2021-2026
3.    North America Biometrics Historical Market: Breakup by Country (USD Billion), 2016-2020
4.    North America Biometrics Market Forecast: Breakup by Country (USD Billion), 2021-2026
5.    Europe Biometrics Historical Market: Breakup by Country (USD Billion), 2016-2020
6.    Europe Biometrics Market Forecast: Breakup by Country (USD Billion), 2021-2026
7.    Asia Pacific Biometrics Historical Market: Breakup by Country (USD Billion), 2016-2020
8.    Asia Pacific Biometrics Market Forecast: Breakup by Country (USD Billion), 2021-2026
9.    Latin America Biometrics Historical Market: Breakup by Country (USD Billion), 2016-2020
10.    Latin America Biometrics Market Forecast: Breakup by Country (USD Billion), 2021-2026
11.    Middle East and Africa Biometrics Historical Market: Breakup by Country (USD Billion), 2016-2020
12.    Middle East and Africa Biometrics Market Forecast: Breakup by Country (USD Billion), 2021-2026
13.    Global Biometrics Market Structure

Key Questions Answered in the Report

What was the global biometrics market size in 2020?

In 2020, the global biometrics market attained a value of nearly USD 17.5 billion. 
 

What is the growth rate of the market?

In the forecast period of 2021-2026, the biometrics market is projected to grow at a CAGR of 15%.

What is the forecast outlook of the market for 2021-2026?

By 2026, the biometrics market is estimated to reach a value of about USD 40.5 billion. 

What are the major industry drivers?

The major drivers of the industry such as rising disposable incomes, rising standards of living, growing integration into various consumer electronics, adoption of the technology by banks and governments are expected to aid the market growth.

What are the key industry trends of the global biometrics market?

The growing integration of fingerprint scanners in smart devices, e-passports, e-visas, and banks to enhance user experience, as well as improve security, is a major trend expected to drive the growth of the market. 

What are the major regions of biometrics according to the market report?

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.

What is the dominant technology type in the industry?

The leading type of technology in the industry is non-AFIS. 

What is the leading functionality type in the industry?

The dominant type of functionality is the contact segment. 

What are the significant components of biometrics in the industry?

Hardware and software are the leading components in industry. 

What is the dominant authentication type in the industry?

Single-factor authentication accounts for the largest market share among other authentication types in the industry.

What is the are the leading end use segments in the industry?

Government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others, are the most significant end-user segments in the industry. 

Who are the key industry players according to the report?

The key players in the industry are Accu-Time Systems, Inc., BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, NEC Corporation, RCG Holdings Limited, and others.

Analyst Review

The global biometrics market attained a value of USD 17.5 billion in 2020 driven by the growing integration of the technology in consumer electronics. Aided by the growing adoption of the technology by banks and governments, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 15%. The market is projected to reach USD 40.5 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on technology, the market is divided face recognition, hand geometry, voice recognition, signature recognition, iris recognition, AFIS, non-AFIS, and others, with the non-AFIS segment leading the market. On the basis of functionality, the contact segment account for the largest market share. Hardware and software are the major components in industry. Single-factor authentication leads the industry in terms of authentication. Government, defence services, banking and finance, consumer electronics, healthcare, commercial safety and security, and transport/visa/logistics, among others, are the major end-users in the industry. The major regional markets for biometrics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Accu-Time Systems, Inc., BIO-Key International, Inc., Cognitec Systems, GmbH, Fujitsu Limited, NEC Corporation, and RCG Holdings 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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The global vehicle anti-theft system market attained a value of nearly USD 10.87 billion in 2020, driven by the growing car ownership. Aided by the growing technological advancements, the market is e...
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Global Functional Safety Market Report and Forecast 2021-2026

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The global functional safety market is driven by the surging demand for safety systems in the oil and gas industry. Aided by the increasing number of manufacturing units in emerging economies such as ...
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Global Public Safety Market Report and Forecast 2021-2026

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The global public safety market attained a value of about USD 14.6 billion in 2020, driven by the growing adoption of the latest technologies. Aided by the increasing awareness regarding the importanc...
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Global Blockchain Technology Market Report and Forecast 2021-2026

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The global blockchain technology market stood at a value of USD 3.2 billion in 2020. The market is expected to grow at a CAGR of 72% in the forecast period of 2021-2026 to attain USD 82.9 billion by 2...
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Global Malware Analysis Market Report and Forecast 2021-2026

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The global malware analysis market attained a value of nearly USD 4 billion in 2020, driven by the development of user-friendly malware analysis tools. Aided by the increasing demand for malware analy...
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