Biometrics System Market: Summary
The global biometrics system market is estimated to reach USD 66.4 Billion in 2024 at a CAGR of 15.6%. Increasing adoption of creating biometric identities of citizens is expected to drive the biometrics system market during the forecast period. However, high implementation and maintenance cost is expected to restrain the market during the forecast period. Ear shape thermography based biometric system is expected to become an opportunity for biometrics system market.
Biometric systemis one of the most prominent system in terms of identifying and authenticating the individuals in very short period. Biometric systems depends on particular data about unique biological traits in order to work effectively.Contrary to passwords biometric data cannot be exchanged or forged. Some key players in Biometric System are NEC Corporation, Gemalto NV, ASSA Abloy AB, id3 Technologies, and Idemia, among others.
Biometrics System Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global biometrics system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the basis of type: Unimodal and multimodal.
- Based on biometric sensor: Physiological and behavioral.
- Based on component: Hardware & software.
- Based on end-use: military & defense, civil identification, corporate, healthcare & subsidies, and law enforcement & public security.
Biometrics System Market: Report Scope
The report on the biometrics system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Type, Biometric Sensor, Component, End use Industry
Asia-Pacific, North America, Europe, Middle East & Africa, South America
- NEC Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Gemalto NV
- ASSA Abloy AB
- id3 Technologies
- Aware, Inc.
- Stanley Black & Decker, Inc.
- Precise Biometrics
- Other Key Companies
Biometrics System Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Biometrics System Market by Type
Biometrics System Market, by Biometric Sensor
- Fingerprint Recognition
- Face Recognition
- Iris Recognition
- DNA Matching
- Vein Pattern Recognition
- Voice Recognition
- Signature Recognition
Biometrics System Market by Component
- Cloud Base
- Software Development Kit (SDK)
Biometrics System Market by End Use Industry
- Law Enforcement and Public Security
- Military and Defense
- Civil Identification
- Healthcare and Subsidies
- Commercial Applications
Biometrics System Market by Region
- South Korea
- Rest of Asia-Pacific
- North America
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the biometric system market and its growth?
- What will be the effects of the developments in the biometric system market on the industry and on the market players in the near and far future?
- What are the evolving types of the biometric system market?
- What are the evolving applications of biometric system market?
- What are the major characteristics that will affect the biometric system market growth during the study period?
- Who are the key players operating in the biometric system market?
- How are the major players leveraging in the existing market conditions?
- Biometric System Market Providers
- Biometric System Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Biometric System Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BIOMETRICS SYSTEM MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Increasing Adoption of Creating Biometric Identities of Citizens
4.2.2. Corporates Leveraging Biometric Identification
4.3.1. High Implementation and Maintenance Cost
4.4.1. Ear Shape Thermography based Biometric System
4.5.1. Technical Complexity
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GLOBAL BIOMETRIC SYSTEM MARKET BY TYPE, Market Size in USD Million (2017—2024)
7 GLOBAL BIOMETRIC SYSTEM MARKET BY BIOMETRIC SENSOR, Market Size in USD Million (2017—2024)
7.2.1 Fingerprint Recognition
7.2.2 Face Recognition
7.2.3 Iris Recognition
7.2.4 DNA Matching
7.2.5 Vein Pattern Recognition
7.3.1 Voice Recognition
7.3.2 Signature Recognition
8 GLOBAL BIOMETRIC SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2017—2024)
8.3.1 Cloud Base
8.3.2 Software Development Kit (SDK)
9 GLOBAL BIOMETRIC SYSTEM MARKET BY END USE INDUSTRY, Market Size in USD Million (2017—2024)
9.2 Law Enforcement and Public Security
9.3 Military and Defense
9.4 Civil Identification
9.5 Healthcare and Subsidies
9.7 Commercial Applications
10 GLOBAL BIOMETRIC SYSTEM MARKET BY REGION, Market Size in USD Million (2017—2024)
10.1 North America
10.2.6 The Netherlands
10.2.7 Rest of Europe
10.3.4 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East
10.4.1 Saudi Arabia
10.4.3 Rest of Middle East
10.5 South America
10.5.3 Rest of South America
11 COMPETITIVE LANDSCAPE
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 NEC Corporation
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 Gemalto NV
12.3 ASSA Abloy AB
12.4 id3 Technologies
12.6 Aware, Inc.
12.8 Stanley Black & Decker, Inc.
12.9 Precise Biometrics
12.11 Other Key Companies
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY