Biometric System Market

Biometric System Market by Authentication Type (Single-Factor: Fingerprint, Iris, Palm Print, Face, Voice; Multi-Factor), Offering (Hardware, Software), Functionality (Contact, Noncontact, Combined), End User, and Region - Global Forecast to 2024

Report Code: SE 3449 Oct, 2019, by marketsandmarkets.com

The global biometric system market size is expected to grow from USD 33.0 billion in 2019 to USD 65.3 billion by 2024; it is projected to grow at a CAGR of 14.6% during the forecast period. Major factors driving the market growth include the increasing use of biometrics in consumer electronics devices to provide seamless access over different applications, rising number of government initiatives to adopt biometrics, growing need for surveillance and security due to the threats of terrorist attacks, and increasing penetration of biometric technology in automotive and enterprise applications.

Biometric System Market

Fingerprint recognition to account for largest market size during forecast period

Fingerprint recognition is the most common and oldest modality. The solutions used for fingerprint recognition are simple to install and low in cost compared with other authentication technologies. The growth of the market for fingerprint recognition is attributed to the increasing demand for fingerprint recognition solutions in travel and immigration applications for e-passports and e-visas as well as in the government sector for issuing a driving license. Fingerprint authentication is extensively used in numerous other revenue-generating sectors such as healthcare and banking & finance.

Market for software segment to grow at highest CAGR during forecast period

Software play a major role in ensuring the interoperability and compatibility of biometric devices. The adoption of cloud-based services and AI for biometric devices is expected to boost the requirement for associated software to ensure the compatibility of devices and operating systems for different applications. It is feasible for customers to integrate add-on features in existing hardware by updating the software. The software in biometrics systems complement the function of hardware by storing and recalling spatial data; they also allow live data streaming. The biometric systems that are used in applications such as criminal identification at border crossing points are connected to computers and networks. Software help in imparting interoperability and compatibility to biometric devices/systems with the computers and networks with which they are connected.

Biometric System Market

North America to hold largest size of biometric system market in 2018

The US and Canada have a strong economy, which empowers them to invest significantly in public safety activities. The growing adoption of smart technologies and the rapidly increasing digitalization have further fueled the growth of the biometric system market in North America. The growth of the North American market can also be attributed to the increasing government initiatives in North American countries—such as the US, Canada, and Mexico—for large-scale funded programs such as e-passports and e-visas. The US Department of Defense and Department of Homeland Security have long been using fingerprint biometrics to facilitate physical and digital access and combat security issues. Further, the presence of key players, such as Aware (US) and Cross Match Technologies (US), also contributes to the growth of the biometric system market in this region.

Key Market Players

Key players in the biometric system market include Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), and Fujitsu Ltd. (Fujitsu) (Japan).

Thales ranked first in the biometric system market. With a diversified market presence and global reach, Thales is not dependent on any single market or customer. As a part of its growth strategy, Thales believes in driving sales growth by bringing competitiveness and differentiation in products and services. Thales is always keen to grab any opportunity to acquire businesses to build necessary capabilities or capacities. The company acquired Gemalto in March 2018, which enhanced its biometric offerings in the digital security arena. In June 2019, Gemalto acquired Green Bit S.p.A., a provider of biometric scanners based in Italy, to enhance biometric capture capabilities. With improved capabilities and technological strength, the company now focuses on the entire critical decision chain in an increasingly interconnected and vulnerable world, with capabilities spanning software development, data processing, real-time decision support, connectivity, and end-to-end network management.

Report Scope

Report Metric

Details

Market size availability years

2016–2024

Base year

2018

Forecast period

2019–2024

Forecast units

Value in terms of USD million and USD thousand

Covered segments

Authentication type, functionality type, offering, end user, and region

Covered regions

North America, Europe, APAC, and RoW

Covered companies

Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), Fujitsu Ltd. (Fujitsu) (Japan), Precise Biometrics, Inc. (Precise Biometrics) (US), Secunet Security Networks AG (Secunet) (Germany), Stanley Black & Decker, Inc. (STANLEY Security) (France), Aware (US), Cognitec Systems GmbH (Cognitec Systems) (Germany), and so on

Biometric system market Segmentation:

In this report, the biometric system market has been segmented into the following categories:

On the basis of Authentication Type:

  • Single-factor authentication
  • Multi-factor authentication

On the basis of Offering:

  • Hardware
  • Software

On the basis of Functionality Type:

  • Contact
  • Noncontact
  • Combined

On the basis of End User:

  • Government
  • Military & Defense
  • Healthcare
  • Automotive
  • Banking & Finance
  • Consumer Electronics
  • Travel& Immigration
  • Security
  • Others

On the basis of Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Critical questions the report answers:

  • Where will all these developments take the industry in the mid- to long-term?
  • Which newer modalities are likely to be adopted in the coming years?
  • How are biometric systems influencing the various end-user applications?
  • What are the prevalent trends in the biometric system market?
  • What are the key strategies adopted by leading companies in the biometric system market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 38)
    4.1 Biometric System Market Opportunities
    4.2 Market, By Single-Factor Authentication
    4.3 Market in APAC,  By End User and Country
    4.4 Biometrics Market, By Multi-Factor Authentication
    4.5 Market in APAC, By Country

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Use of Biometrics in Consumer Electronics Devices to Provide Seamless Access Over Different Applications
                    5.2.1.2 Rising Number of Government Initiatives to Adopt Biometrics
                    5.2.1.3 Growing Need for Surveillance and Security Owing to Threats of Terrorist Attacks
                    5.2.1.4 Proliferation of Biometric Technology in Automotive Enterprise Applications
                    5.2.1.5 Increased Convenience, Secure Identity Management, and Superior Human Resource Management
           5.2.2 Restraints
                    5.2.2.1 High Deployment Cost
           5.2.3 Opportunities
                    5.2.3.1 Technological Developments
           5.2.4 Challenges
                    5.2.4.1 Data Security Concerns
    5.3 Value Chain Analysis

6 Biometric System Market, By Authentication Type (Page No. - 49)
    6.1 Introduction
    6.2 Single-Factor Authentication
           6.2.1 Fingerprint Recognition
                    6.2.1.1 AFIS
                               6.2.1.1.1 Large Market for AFIS is Owing to Its Adoption By Law Enforcement Agencies
                    6.2.1.2 Non-AFIS
                               6.2.1.2.1 Increasing Consumer Awareness for Biometrics to Drive the Adoption of Non-AFIS Technology
           6.2.2 Iris Recognition
                    6.2.2.1 Iris Recognition is Largely Being Adopted for Identification and Authentication Purposes Due to Increasing Government Initiatives
           6.2.3 Palm Print Recognition
                    6.2.3.1 Increased Level of Accuracy and Security to Drive the Adoption of Palm Print Recognition Solutions
           6.2.4 Face Recognition
                    6.2.4.1 Growing Need for Surveillance and Increasing Adoption of Video Analytics Capabilities are Driving the Market for Face Recognition
           6.2.5 Vein Recognition
                    6.2.5.1 Need for High Security in Applications Such as Banking, Immigration, Etc., to Drive the Vein Recognition Market
           6.2.6 Signature Recognition
                    6.2.6.1 Noninvasive Nature and Better Convenience of Signature Recognition to Drive Its Adoption in Near Future
           6.2.7 Voice Recognition
                    6.2.7.1 Increasing Accuracy of Voice Recognition Through Integration of AI to Boost the Market of Voice Recognition
           6.2.8 Others
                    6.2.8.1 Dna Recognition
                               6.2.8.1.1 Dna Recognition Technology is Being Adopted for Applications Such as Forensic Sciences, Healthcare, and Criminal Investigations
                    6.2.8.2 Keystroke Recognition
                               6.2.8.2.1 Keystroke Recognition is One of the Leading Behavioral Biometric Technology
                    6.2.8.3 Gait Recognition
                               6.2.8.3.1 Gait Recognition is Widely Used for Long-Distance Verification
                    6.2.8.4 Otoacoustic Emissions
                               6.2.8.4.1 Otoacoustic Emission is One of the Most Innovative and Emerging Biometric Technology
    6.3 Multi-Factor Authentication
           6.3.1 Smart Card With Biometrics
                    6.3.1.1 Smart Card With Biometrics is One of the Leading Advanced Secured Authentication Technologies
           6.3.2 Pin With Biometrics
                    6.3.2.1 Pin With Biometrics is One of the Most Common Multi-Factor Authentication Methods
           6.3.3 Multimodal Biometric
                    6.3.3.1 Two-Factor Authentication
                    6.3.3.2 Three-Factor Authentication

7 Biometric System Market, By Offering (Page No. - 79)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Fingerprint Readers
                    7.2.1.1 Fingerprint Readers to Hold Largest Share of Biometric Hardware Component Market
           7.2.2 Scanners
                    7.2.2.1 Demand for Increased Accuracy to Drive the Adoption of Scanners
           7.2.3 Cameras
                    7.2.3.1 Increasing Market of Facial Recognition to Drive Camera Segment of Biometric Hardware Market
           7.2.4 Other
    7.3 Software
           7.3.1 Software Market Expected to Grow at A Higher CAGR During Forecast Period

8 Biometric System Market, By Functionality (Page No. - 84)
    8.1 Introduction
    8.2 Contact Functionality
           8.2.1 Contact Functionality Biometrics to Hold Largest Market Share During Forecast Period
    8.3 Non-Contact Functionality
           8.3.1 Non-Contact Biometric Functionality is Widely Used for Non-Touch Verification
    8.4 Combined Functionality
           8.4.1 Combined Biometric Functionality Segment to Grow at Highest Rate Owing to High Security and Accuracy

9 Biometric System Market, By End User (Page No. - 92)
    9.1 Introduction
    9.2 Government
           9.2.1 Increasing Government Initiatives for Public Safety to Drive Biometrics Market in Government
    9.3 Military & Defense
           9.3.1 Biometrics Adoption in Military & Defense is Increasing to Eradicate Security Concerns
    9.4 Healthcare
           9.4.1 Need to Bring Efficiency in Clinical Processes and Improve Diagnosis and Treatment Drive the Biometrics Adoption in Healthcare
    9.5 Banking & Finance
           9.5.1 Ease in Access to Financial Services Through Biometric Systems to Drive the Adoption of Biometric Systems in Banking & Finance Sector
    9.6 Consumer Electronics
           9.6.1 Adoption of Biometrics in Consumer Electronics is Growing Owing to the Seamless Access to Multiple Features and Cost-Effectiveness
    9.7 Travel & Immigration
           9.7.1 Increasing Security Concerns of Various Nations to Drive Biometric Systems Adoption in Travel & Immigration
    9.8 Automotive
           9.8.1 Rising Preference for Advanced Electronics and Demand for Increased Convenience and Security to Drive Adoption of Biometrics in Automotive Sector
    9.9 Security
           9.9.1 Residential Security
                    9.9.1.1 Emergence of IoT and Wireless Technologies and Increasing Consumer Awareness to Drive the Biometrics Adoption in Residential Security
           9.9.2 Commercial Security
                    9.9.2.1 Rising Security Concerns Among Enterprises to Drive Biometric System Market in Commercial Security Applications
    9.10 Others

10 Geographic Analysis (Page No. - 118)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US Holds Largest Share of Market in  North America
             10.2.2 Canada
                        10.2.2.1 Canada Holds Significant Growth Opportunities for Market in North America Owing to High Investments in Biometric Infrastructure
             10.2.3 Mexico
                        10.2.3.1 Market in Mexico to Grow Owing to Increasing Political Stability and Openness for Investments
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany Holds Largest Share of European Market
             10.3.2 UK
                        10.3.2.1 Market in UK to Grow With Increasing Government Initiatives for Biometrics Adoption
             10.3.3 France
                        10.3.3.1 Increasing Presence of Biometric System Manufacturers to Drive the Market in France
             10.3.4 Italy
                        10.3.4.1 Market in Italy to Grow at Highest CAGR During Forecast Period
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 China Holds Largest Share of Market in APAC
             10.4.2 Japan
                        10.4.2.1 Presence of Leading Biometric Companies to Drive Adoption of Biometric Systems in Japan
             10.4.3 South Korea
                        10.4.3.1 Growing Adoption of Biometrics in Consumer Electronics to Drive Market in South Korea
             10.4.4 India
                        10.4.4.1 Increasing Government Initiatives Expected to Drive Market in India
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 South America
                        10.5.1.1 Growing Economy to Contribute to Market Growth in  South America
             10.5.2 Middle East & Africa
                        10.5.2.1 Growing Investments in Economic Development to Drive the Market in Middle East & Africa

11 Competitive Landscape (Page No. - 140)
     11.1 Overview
     11.2 Ranking Analysis
     11.3 Competitive Scenario
             11.3.1 Product Developments and Launches
             11.3.2 Partnerships, Agreements, and Collaborations
             11.3.3 Acquisitions
             11.3.4 Investments and Expansions
     11.4 Competitive Leadership Mapping
             11.4.1 Visionary Leaders
             11.4.2 Dynamic Differentiators
             11.4.3 Innovators
             11.4.4 Emerging Companies

12 Company Profiles (Page No. - 148)
     12.1 Key Companies
(Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)
             12.1.1 Thales
             12.1.2 Safran
             12.1.3 NEC
             12.1.4 ASSA Abloy
             12.1.5 Fujitsu
             12.1.6 Precise Biometrics
             12.1.7 Secunet Security Networks
             12.1.8 Stanley Black & Decker
             12.1.9 Aware
             12.1.10 Cognitec Systems
     12.2 Other Key Companies
             12.2.1 Daon
             12.2.2 Facebanx
             12.2.3 Bio-Key International
             12.2.4 Securiport
             12.2.5 M2sys Technology
             12.2.6 Suprima
             12.2.7 Fulcrum Biometrics
             12.2.8 Vasco Data Security International
             12.2.9 Qualcomm
             12.2.10 Integrated Biometrics

*Details on Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 184)
     13.1 Insights From Industry Experts
     13.2 Questionnaire
     13.3 Knowledge Store: Marketsandmarkets’  Subscription Portal
     13.4 Available Customizations
     13.5 Related Report
     13.6 Author Details


List of Tables (124 Tables)

Table 1 Biometric System Market, By Authentication Type, 2016–2024 (USD Billion)
Table 2 Single-Factor Authentication : Market, By Type, 2016–2024 (USD Million)
Table 3 Single-Factor Authentication : Market, By End User,  2016–2024 (USD Million)
Table 4 Single-Factor : Market for Security, By Type, 2016–2024 (USD Million)
Table 5 Fingerprint Recognition : Market, By End User, 2016–2024 (USD Million)
Table 6 Fingerprint Recognition : Market for Security, By Type, 2016–2024 (USD Million)
Table 7 Fingerprint Recognition : Market, By Region, 2016–2024 (USD Million)
Table 8 Fingerprint Recognition : Market, By Type, 2016–2024 (USD Million)
Table 9 Iris Recognition : Market, By End User, 2016–2024 (USD Million)
Table 10 Iris Recognition : Market for Security, By Type, 2016–2024 (USD Million)
Table 11 Iris Recognition : Market, By Region, 2016–2024 (USD Million)
Table 12 Palm Print Recognition : Market, By End User, 2016–2024 (USD Million)
Table 13 Palm Print Recognition : Market for Security, By Type,  2016–2024 (USD Million)
Table 14 Palm Recognition : Market, By Region, 2016–2024 (USD Million)
Table 15 Face Recognition : Market, By End User, 2016–2024 (USD Million)
Table 16 Face Recognition : Market for Security, By Type,  2016–2024 (USD Million)
Table 17 Face Recognition : Market, By Region, 2016–2024 (USD Million)
Table 18 Vein Recognition : Market, By End User, 2016–2024 (USD Million)
Table 19 Vein Recognition : Market for Security, By Type, 2016–2024 (USD Million)
Table 20 Vein Recognition : Market, By Region, 2016–2024 (USD Million)
Table 21 Signature Recognition : Market, By End User, 2016–2024 (USD Million)
Table 22 Signature Recognition : Market for Security, By Type,  2016–2024 (USD Thousand)
Table 23 Signature Recognition Biometric System Market, By Region, 2016–2024 (USD Thousand)
Table 24 Voice Recognition : Market, By End User, 2016–2024 (USD Million)
Table 25 Voice Recognition : Market for Security, By Type,  2016–2024 (USD Million)
Table 26 Voice Recognition Biometric System Market, By Region, 2016–2024 (USD Million)
Table 27 Other Recognition Technologies : Market, By End User, 2016–2024 (USD Million)
Table 28 Other Recognition Technologies : Market for Security,  By Type, 2016–2024 (USD Thousand)
Table 29 Other Recognition Technologies Biometric System Market, By Region,  2016–2024 (USD Million)
Table 30 Market for Multi-Factor Authentication, By Type,  2016–2024 (USD Million)
Table 31 Multi-Factor Authentication Biometric System Market, By End User,  2016–2024 (USD Million)
Table 32 Multi-Factor Authentication : Market for Security, By Type, 2016–2024 (USD Million)
Table 33 Smart Card With Biometrics Market, By End User, 2016–2024 (USD Thousand)
Table 34 Smart Card With Biometrics Market for Security, By Type, 2016–2024 (USD Million)
Table 35 Smart Card With Biometrics Market, By Region, 2016–2024 (USD Million)
Table 36 Pin With Biometrics Market, By End User, 2016–2024 (USD Million)
Table 37 Pin With Biometrics Market for Security, By Type, 2016–2024 (USD Million)
Table 38 Pin With Biometrics Market, By Region, 2016–2024 (USD Million)
Table 39 Multimodal Biometric System Market, By Type, 2016–2024 (USD Million)
Table 40 Multimodal Market, By End User, 2016–2024 (USD Million)
Table 41 Multimodal Biometric Security System Market, By Type, 2016–2024 (USD Million)
Table 42 Multimodal Biometric Market, By Region, 2016–2024 (USD Million)
Table 43 Market, By Offering, 2016–2024 (USD Billion)
Table 44 Market for Hardware, By Component, 2016–2024 (USD Billion)
Table 45 Biometrics Market, By Function Type, 2016–2024 (USD Billion)
Table 46 Contact Functionality-Based Market, By Single-Factor Authentication Type, 2016–2024 (USD Million)
Table 47 Contact Functionality-Based Market, By End User,  2016–2024 (USD Million)
Table 48 Contact Functionality-Based Market for Security, By Type, 2016–2024 (USD Million)
Table 49 Non-Contact Functionality-Based Market, By Authentication Type, 2016–2024 (USD Billion)
Table 50 Non-Contact Functionality-Based Market, By End User, 2016–2024 (USD Million)
Table 51 Non-Contact Functionality-Based Market for Security,  By Type, 2016–2024 (USD Million)
Table 52 Combined Functionality-Based Market, By Authentication Type, 2016–2024 (USD Billion)
Table 53 Combined Functionality-Based Market, By End User,  2016–2024 (USD Million)
Table 54 Combined Functionality-Based Market for Security,  By Type, 2016–2024 (USD Million)
Table 55 Market, By End User, 2016–2024 (USD Billion)
Table 56 Market for Security, By Type, 2016–2024 (USD Million)
Table 57 Single-Factor Authentication Market for Government,  By Type, 2016–2024 (USD Million)
Table 58 Multi-Factor Authentication Market for Government,  By Type, 2016–2024 (USD Million)
Table 59 Government Market, By Function Type, 2016–2024 (USD Million)
Table 60 Market for Government, By Region, 2016–2024 (USD Million)
Table 61 Single-Factor Authentication Market for Military & Defense, By Type, 2016–2024 (USD Million)
Table 62 Multi-Factor Authentication Market for Military & Defense, By Type, 2016–2024 (USD Million)
Table 63 Military & Defense Market, By Function Type, 2016–2024 (USD Million)
Table 64 Market for Military & Defense, By Region, 2016–2024 (USD Million)
Table 65 Single-Factor Authentication Market for Healthcare,  By Type, 2016–2024 (USD Million)
Table 66 Multi-Factor Authentication Market for Healthcare,  By Type, 2016–2024 (USD Million)
Table 67 Healthcare Market, By Function Type, 2016–2024 (USD Million)
Table 68 Market for Healthcare, By Region, 2016–2024 (USD Million)
Table 69 Single-Factor Authentication Market for Healthcare,  By Type, 2016–2024 (USD Million)
Table 70 Multi-Factor Authentication Market for Healthcare,  By Type, 2016–2024 (USD Million)
Table 71 Banking & Finance Market, By Function Type, 2016–2024 (USD Million)
Table 72 Market for Banking & Finance, By Region, 2016–2024 (USD Million)
Table 73 Single-Factor Authentication Market for Consumer Electronics, By Type, 2016–2024 (USD Million)
Table 74 Multi-Factor Authentication Market for Consumer Electronics, By Type, 2016–2024 (USD Million)
Table 75 Consumer Electronics Market, By Function Type,  2016–2024 (USD Million)
Table 76 Market for Consumer Electronics, By Region, 2016–2024 (USD Million)
Table 77 Single-Factor Authentication Market for Travel & Immigration, By Type, 2016–2024 (USD Million)
Table 78 Multi-Factor Authentication Market for Travel & Immigration, By Type, 2016–2024 (USD Million)
Table 79 Travel & Immigration Market, By Function Type,  2016–2024 (USD Million)
Table 80 Market for Travel & Immigration, By Region, 2016–2024 (USD Million)
Table 81 Single-Factor Authentication Market for Automotive,  By Type, 2016–2024 (USD Million)
Table 82 Multi-Factor Authentication Market for Automotive,  By Type, 2016–2024 (USD Thousand)
Table 83 Automotive Market, By Function Type, 2016–2024 (USD Million)
Table 84 Market for Automotive, By Region, 2016–2024 (USD Million)
Table 85 Single-Factor Authentication Market for Security,  By Type, 2016–2024 (USD Million)
Table 86 Multi-Factor Authentication Market for Security, By Type, 2016–2024 (USD Million)
Table 87 Security Market, By Function Type, 2016–2024 (USD Million)
Table 88 Market for Security, By Region, 2016–2024 (USD Million)
Table 89 Single-Factor Authentication Market for Residential Security, By Type, 2016–2024 (USD Thousand)
Table 90 Multi-Factor Authentication Market for Residential Security, By Type, 2016–2024 (USD Thousand)
Table 91 Residential Security Market, By Function Type, 2016–2024 (USD Million)
Table 92 Market for Residential Security, By Region, 2016–2024 (USD Million)
Table 93 Single-Factor Authentication Market for Commercial Security, By Type, 2016–2024 (USD Million)
Table 94 Multi-Factor Authentication Market for Commercial Security, By Type, 2016–2024 (USD Million)
Table 95 Commercial Security Market, By Function Type,  2016–2024 (USD Million)
Table 96 Market for Commercial Security, By Region, 2016–2024 (USD Million)
Table 97 Single-Factor Authentication Market for Others, By Type, 2016–2024 (USD Million)
Table 98 Multi-Factor Authentication Market for Others, By Type, 2016–2024 (USD Million)
Table 99 Others Market, By Function Type, 2016–2024 (USD Million)
Table 100 Others Market, By Region, 2016–2024 (USD Million)
Table 101 Biometric System Market, By Region, 2016–2024 (USD Million)
Table 102 Single-Factor Authentication Market, By Region,  2016–2024 (USD Million)
Table 103 Multi-Factor Authentication Market, By Region,  2016–2024 (USD Million)
Table 104 Market in North America, By End User, 2016–2024 (USD Million)
Table 105 Market in North America, By Single-Factor Authentication, 2016–2024 (USD Million)
Table 106 Market in North America, By Multi-Factor Authentication, 2016–2024 (USD Million)
Table 107 Market in North America, By Country, 2016–2024 (USD Billion)
Table 108 Market in Europe, By End User, 2016–2024 (USD Million)
Table 109 Market in Europe, By Single-Factor Authentication,  2016–2024 (USD Million)
Table 110 Market in Europe, By Multi-Factor Authentication,  2016–2024 (USD Million)
Table 111 Market in Europe, By Country, 2016–2024 (USD Billion)
Table 112 Market in APAC, By End User, 2016–2024 (USD Million)
Table 113 Market in APAC, By Single-Factor Authentication,  2016–2024 (USD Million)
Table 114 Market in APAC, By Multi-Factor Authentication,  2016–2024 (USD Million)
Table 115 Market in APAC, By Country, 2016–2024 (USD Billion)
Table 116 Market in RoW, By End User, 2016–2024 (USD Million)
Table 117 Market in RoW, By Single-Factor Authentication,  2016–2024 (USD Thousand)
Table 118 Market in RoW, By Multi-Factor Authentication,  2016–2024 (USD Million)
Table 119 Market in RoW, By Region, 2016–2024 (USD Billion)
Table 120 Ranking Analysis of Top 5 Players in Market
Table 121 Product Developments and Launches, 2018–2019
Table 122 Partnerships, Agreements, and Collaborations, 2018–2019
Table 123 Acquisition, 2016–2019
Table 124 Investments and Expansions, 2016–2018


List of Figures (51 Figures)

Figure 1 Biometric System Market Segmentation
Figure 2 Research Flow
Figure 3 Biometric System Market: Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Multi-Factor Authentication Segment to Grow at Highest CAGR During Forecast Period
Figure 8 Contact Functionality Type Segment Expected to have Largest Market Size During Forecast Period
Figure 9 Software Segment to Grow at Highest CAGR During Forecast Period
Figure 10 Consumer Electronics Segment to Hold Largest Share of Market
Figure 11 Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 12 Market Players to Witness Attractive Growth Opportunities During Forecast Period
Figure 13 Market for Other Biometrics Expected to Grow at Highest CAGR During Forecast Period
Figure 14 Consumer Electronics and China Were Largest Markets for Biometric Systems in APAC in 2018
Figure 15 Market for Pin With Biometrics Likely to Hold Largest Share Among Multi-Factor Authentication Technologies During Forecast Period
Figure 16 India Market to Register Highest CAGR in  APAC During Forecast Period
Figure 17 Increasing Use of Biometrics in Consumer Electronics Devices to Drive Market
Figure 18 Value Chain: Market, 2018
Figure 19 Multi-Factor Authentication Factor Segment to Grow at Higher CAGR During Forecast Period
Figure 20 Market for Other Biometrics to Grow at Highest CAGR During Forecast Period
Figure 21 AFIS Likely to Hold Largest Market Share During Forecast Period
Figure 22 Face Recognition Market for Travel & Immigration Likely to Hold Largest Share During Forecast Period
Figure 23 Government Sector to Hold Largest Share of Multi-Factor Market During Forecast Period
Figure 24 Two-Factor Authentication Likely to Hold Largest Share of Multimodal Market During Forecast Period
Figure 25 Software Segment to Grow at Higher CAGR During Forecast Period Compared With Hardware Segment
Figure 26 Hardware Market for Camera to Grow at Highest CAGR During Forecast Period
Figure 27 Contact Functionality to Hold Largest Market Size  During Forecast Period
Figure 28 Non-Contact Market for Voice Recognition to Grow at Highest CAGR During Forecast Period
Figure 29 Government Segment Likely to Hold Largest Share of Market During Forecast Period
Figure 30 Market for Government in RoW to Grow at Highest CAGR During Forecast Period
Figure 31 Other Biometrics Technology Market for Healthcare to Grow the Highest CAGR During Forecast Period
Figure 32 Market for Banking & Finance in Europe to Grow at Highest CAGR During Forecast Period
Figure 33 Fingerprint Recognition to Hold Largest Share of Market for Travel & Immigration During Forecast Period
Figure 34 Fingerprint Recognition to Hold Largest Share of Market for Automotive During Forecast Period
Figure 35 Pin With Biometrics to Hold Largest Share of Commercial Security Market During Forecast Period
Figure 36 Geographic Snapshot: China and India Emerging as Potential Markets for Biometric Systems During Forecast Period
Figure 37 Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 38 North America Market Snapshot
Figure 39 Europe Market Snapshot
Figure 40 APAC Market Snapshot
Figure 41 Companies Adopted Product Developments and Launches as Key Growth Strategies Over the Last 4 Years (2016–2019)
Figure 42 Market (Global) Competitive Leadership Mapping, 2018
Figure 43 Thales: Company Snapshot
Figure 44 Safran: Company Snapshot
Figure 45 NEC: Company Snapshot
Figure 46 ASSA Abloy: Company Snapshot
Figure 47 Fujitsu: Company Snapshot
Figure 48 Precise Biometrics: Company Snapshot
Figure 49 Secunet Security Networks: Company Snapshot
Figure 50 Stanley Black & Decker: Company Snapshot
Figure 51 Aware: Company Snapshot

The study involved four major activities to estimate the current size of the biometric system market. Exhaustive secondary research was conducted to collect information on the market, the peer markets, and the parent market. This was followed by validating these findings, assumptions, and sizing with industry experts, identified across the value chain, through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Further, market breakdown and data triangulation procedures were used to estimate the size of the market based on segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for the identification and collection of relevant information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research was conducted to obtain key information regarding the supply chain and value chain of the industry, total pool of key players, market segmentation according to industry trends (to the bottom-most level), geographic markets, and key developments from the market- and technology oriented perspectives. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information relevant to this report. Several primary interviews were conducted with market experts from both demand (product and component manufacturer across industries) and supply sides. The primary data was collected through questionnaires, emails, and telephonic interviews. Primary sources include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the biometric system market. Approximately 30% and 70% of the primary interviews were conducted from the demand and supply sides, respectively.

Biometric System Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were implemented to estimate and validate the total size of the biometric system market. These methods were also used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:

  • Key players in the industry were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides across different end-use applications.

Study Objectives

  • To describe and forecast the biometric system market, in terms of value, by authentication type, functionality type, offering, and end user
  • To describe and forecast the market, in terms of value, for four regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges for the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with a detailed competitive landscape of the market
  • To analyze the competitive growth strategies—collaborations, agreements, partnerships, acquisitions, product launches and developments, research and development (R&D), and so on—adopted by the major players in the biometric system market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Company Information: Detailed analysis and profiling of additional 5 market players
  • Geographic analysis
  • Product matrix that gives a detailed comparison of the product portfolio of each company
Report Code
SE 3449
Published ON
Oct, 2019
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