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The global consumer biometrics market size is estimated to grow at a CAGR of 15.30% in the forecast period of 2024-2032.
The use of fingerprint sensing modules in consumer electronics has significantly increased. The rising integration of fingerprint sensors in smartphones or tablets to offer faster and more secure access to devices is leading to the consumer biometrics market expansion. There is a growing inclination towards large fingerprint sensors owing to their multiple advantages such as more accurate readings, reliability for securing sensitive data such as banking information and financial transactions, and enhanced protection of confidential consumer data.
The availability of different fingerprint sensing technologies like capacitive, ultrasonic, static, swipe-type, and optical fingerprint sensors are propelling the market for consumer biometrics. Moreover, the increasing competitiveness among fingerprint sensor manufacturers are boosting the development of cost-effective fingerprint sensors. Advancements in fingerprint sensing technology are leading to its emergence in fingerprint credit cards, which is expected to revolutionise the way people make payments and favour the consumer biometrics market growth over the forecast period.
Consumer biometrics refer to the use of biometrics in consumer electronic devices and other gadgets or systems, to identify individuals in a reliable and faster manner through unique biological characteristics. The devices capture biometric data such as an image of a face, a record of voice, or a fingerprint, which is then compared to the biometric data of others kept in a database to identify the individual. The different types of consumer biometrics include fingerprint sensors, iris recognition, voice recognition, and face recognition, among others.
The consumer biometrics market by sensing module is divided into:
Based on end use, the market is segmented into:
The regional markets for consumer biometrics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The multiple benefits of consumer biometrics, such as enhanced security than password or card-based systems, unforgeability, and added convenience, are driving its use in several applications to enhance consumer lives. Consumer biometrics are also more reliable than knowledge-based verification systems like passwords or PINs and token-based systems like an ID card or license as these are difficult to remember and can easily get stolen. Advancements in various consumer electronics such as smartphones, laptops, PCs, and others are leading to the integration of technologies like consumer biometrics to provide consumers with ease and convenience.
The introduction of government policies to promote biometrics is also favouring the market growth. For instance, in January 2024, the Government of India selected Tata Consultancy Services for the Passport Seva Program, through which it aimed to enhance the citizen experience using technologies such as biometrics and others. Technological advancements like the emergence of the Internet of things and smart homes are likely to fuel the use of consumer biometrics technology in smart doorbells equipped with facial recognition capabilities, which is expected to be one of the key consumer biometrics market trends in the coming years.
The report gives a detailed analysis of the following key players in the global consumer biometrics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Sensing Module |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is assessed to grow at a CAGR of 15.30% between 2024 and 2032.
The major market drivers include the expanding demand for consumer electronics with biometrics, increasing production of automobiles, and the rising popularity of fingerprint sensors.
The key market trends guiding the growth of the market include the growing use of consumer biometrics in several applications, multiple benefits of consumer biometrics, and technological advancements.
Biometrics are increasingly deployed in consumer electronics, wearables, and automobiles, among others, to prevent fraud and cybercrimes as well as protect data.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant sensing modules of consumer biometrics include fingerprint, face recognition, and eye/iris recognition.
Consumer biometrics posit various benefits, including convenience, enhanced safety, enhanced authentication, reliability, and improved consumer experiences and satisfaction, among others.
The major end uses of consumer biometrics include automotive, smartphone/tablet, PC/laptop, and wearables, among others.
The major consumer biometrics market players are Shenzhen Goodix Technology Co., Ltd., IDEX Biometrics ASA, Infineon Technologies AG, Princeton Identity, and STMicroelectronics NV, among others.
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