The global consumer biometrics market size is estimated to grow at a CAGR of 15.30% in the forecast period of 2023-2028.
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 2023, 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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Sensing Module||
|Breakup by End Use||
|Breakup by Region||
*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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Consumer Biometrics Market Analysis
8.1 Key Industry Highlights
8.2 Global Consumer Biometrics Historical Market (2018-2022)
8.3 Global Consumer Biometrics Market Forecast (2023-2028)
8.4 Global Consumer Biometrics Market by Sensing Module
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.2 Face Recognition
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.3 Eye/Iris Recognition
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5 Global Consumer Biometrics Market by End Use
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.6 Global Consumer Biometrics Market by Region
8.6.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Shenzhen Goodix Technology Co., Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.2 IDEX Biometrics ASA
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.3 Infineon Technologies AG
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.4 Princeton Identity
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.5 STMicroelectronics NV
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Consumer Biometrics Market: Key Industry Highlights, 2018 and 2028
2. Global Consumer Biometrics Historical Market: Breakup by Sensing Module (USD Million), 2018-2022
3. Global Consumer Biometrics Market Forecast: Breakup by Sensing Module (USD Million), 2023-2028
4. Global Consumer Biometrics Historical Market: Breakup by End-Users (USD Million), 2018-2022
5. Global Consumer Biometrics Market Forecast: Breakup by End-Users (USD Million), 2023-2028
6. Global Consumer Biometrics Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Consumer Biometrics Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Consumer Biometrics Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Consumer Biometrics Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Consumer Biometrics Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Consumer Biometrics Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Consumer Biometrics Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Consumer Biometrics Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Consumer Biometrics Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Consumer Biometrics Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Consumer Biometrics Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Consumer Biometrics Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Consumer Biometrics Market Structure.
The market is assessed to grow at a CAGR of 15.30% between 2023 and 2028.
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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