Biometrics Market Size & Share 2021 to 2027

Market Size by Technology (Face, Fingerprint, Palmprint, Iris, Voice, Signature), by End Use (BFSI, Government & Defense, Aerospace, Automotive, Consumer Electronics, Healthcare, Retail & E-Commerce) & Forecast.
Report ID: GMI493
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Published Date: August 2021
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Report Format: PDF

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Biometrics Market Size

Biometrics Market size exceeded USD 20 billion in 2020 and is projected to expand at over 13% CAGR from 2021 to 2027. Government organizations supporting the adoption of biometrics for citizen ID cards will boost the market growth.
 

Biometrics Market Overview

Several countries are modernizing their ID records to include biometrics that verify identity based on physical characteristics such as the face, iris, fingerprints, palm prints, and voice. For instance, in September 2020, the Singapore government announced that it will use facial verification in its national identity scheme. The biometrics validation will provide citizens with secure access to both government and private services. The Indian government also proposed to use biometrics for the identification of individuals in e-governance applications. Government organizations are focusing on strengthening their security systems by ensuring precise identification of citizens, which will fuel the market expansion.
 

The coronavirus pandemic hindered the market progression in 2020 due to the stringent lockdowns imposed by government organizations globally. The temporary closure of manufacturing plants and R&D facilities hampered the global supply chains, in turn, impacting the industry growth. The temporary downfall of the aerospace, automotive, retail, and consumer electronics sectors hindered the demand for biometrics from these industry verticals. The market will regain traction in 2021, following relaxations in the lockdown measures in the second half of 2020. The resumption of industrial activities will streamline supply chains and support the development of advanced identification solutions. Companies are also working on developing contactless identification solutions to ensure public safety during the pandemic.
 

 

Biometrics Market Analysis

The UK biometrics market is predicted to observe a 16% growth rate through 2027 led by the growing usage of facial recognition systems that ensure the precise authentication of individuals. As of August 2021, the country has one of the highest smartphone penetration rates of around 85%. The country witnessed a rise in the use of smart devices, such as laptops and tablets, since the imposition of lockdown in 2020. The expanding consumer electronics market will spur the demand for biometrics that ensure accurate user authentication. The government is also using facial recognition technology to track criminals. The Metropolitan Police currently uses NEC Corporation’s NeoFace Live Facial Recognition technology to capture images and compare them with the existing images on the watchlist. It measures the structure of every face including the distance between the mouth, jaw, nose, and eyes to create a facial template.
 

Biometrics Market Size

In U.S., BFSI segment will grow at 14% CAGR till 2027 impelled by the modernizing BFSI sector in the region, adopting biometrics to authenticate individuals to prevent fraud in financial transactions. Fingerprint-based smart cards are gaining popularity in the region attributed to the increased security and convenience. Industry participants, such as Mastercard and Visa, are introducing biometric cards in response to the high demand from consumers. With contactless payment solutions gaining traction in the region, the market will register high growth. As biometric authentication ensures improved security over traditional chip & pin techniques, the market will see notable growth. The increasing use of online banking will encourage BFSI organizations to use biometric solutions for user validation during the login process, surging the industry demand.
 

APAC Biometrics Market

Asia Pacific biometrics market accounted for more than 20% of revenue share in 2020 owing to the government organizations in countries including India, South Korea, China, and Japan supporting the acceptance of biometrics to ensure national security through accurate citizen identification. Government organizations are supporting the development and implementation of biometrics to improve public safety, which will drive the industry expansion.
 

Biometrics Market Share

Key participant operating in the market are

  • Aware Inc.
  • Accenture PLC
  • ASSA ABLOY AB
  • Fujitsu Ltd.
  • Idemia
  • NEC Corporation
  • Nuance Communications Inc.
  • Thales Group
  • Stanley Convergent Security Solutions Inc.
  • Leidos Holdings
  • Megvi (Face++)

Industry leaders are focusing on innovating their biometrics and launching advanced solutions to accelerate their performance.

 

The market research report on biometrics includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, By Technology

  • Face recognition
  • Fingerprint
  • Palmprint
  • Iris
  • Voice
  • Signature
  • Others

Market, By End-Use

  • BFSI
  • Government & defense
  • Aerospace
  • Automotive
  • Consumer electronics
  • Healthcare
  • Retail & e-commerce
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • GCC
    • South Africa

 

Authors: Suraj Gujar, Ankita Chavan
Biometrics Market Scope
  • Biometrics Market Size
  • Biometrics Market Trends
  • Biometrics Market Analysis
  • Biometrics Market Share

Report Content

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology & forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Executive Summary

2.1    Biometrics industry 360º synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Technology trends

2.1.4    End use trends

Chapter 3   Biometrics Industry Insights

3.1    Industry segmentation

3.2    Impact of coronavirus (COVID-19) pandemic

3.2.1    Global outlook

3.2.2    Regional outlook

3.2.2.1    North America

3.2.2.2    Europe

3.2.2.3    Asia Pacific

3.2.2.4    Latin America

3.2.2.5    MEA

3.2.3    Industry value chain

3.2.3.1    Manufacturers

3.2.3.2    Software/technology providers

3.2.3.3    System integrators

3.2.4    Competitive landscape

3.2.4.1    Strategy

3.2.4.2    Marketing

3.2.4.3    Business growth

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Component suppliers

3.3.3    Manufacturers

3.3.4    Technology/software providers

3.3.5    System integrators

3.3.6    Distributors

3.3.7    Vendor matrix

3.3.7.1    Raw material suppliers

3.3.7.2    Component suppliers

3.3.7.3    Manufacturers

3.3.7.4    Technology/software providers

3.3.7.5    System integrators

3.3.7.6    Distributors

3.4    Technology & innovation landscape

3.5    Regulatory landscape

3.5.1    North America

3.5.2    Europe

3.5.3    Asia Pacific

3.5.4    Latin America

3.5.5    MEA

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Rise in the demand for high-tech access control solutions globally

3.6.1.2    The expanding contactless payments industry in Europe

3.6.1.3    Adoption of biometric solutions from the government & defense sector in North America

3.6.1.4    The developing consumer electronics industry in Asia Pacific

3.6.1.5    Increasing demand for digital payment solutions in Latin America and MEA

3.6.2    Industry pitfalls & challenges

3.6.2.1    Privacy breaches

3.6.2.2    High cost restricting adoption in underdeveloped countries

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Supplier power

3.8.2    Buyer power

3.8.3    Threat of new entrants

3.8.4    Threat of substitutes

3.8.5    Internal rivalry

3.9    PESTEL analysis

3.9.1    Political

3.9.2    Economical

3.9.3    Social

3.9.4    Technological

3.9.5    Environmental

3.9.6    Legal

Chapter 4   Competitive Landscape,

4.1    Introduction

4.2    Competitive analysis of major players

4.2.1    Accenture PLC

4.2.2    ASSA ABLOY AB

4.2.3    Fujitsu Ltd.

4.2.4    Idemia

4.2.5    NEC Corporation

4.2.6    Nuance Communications Inc.

4.2.7    Thales Group (Gemalto)

4.3    Competitive analysis of other prominent players

4.3.1    Innovatrics

4.3.2    Leidos Holdings

4.3.3    Megvii (Face++)

4.3.4    Stanley Convergent Security Solutions Inc.

4.4    Vendor adoption matrix

Chapter 5   Biometrics Market, By Technology

5.1    Biometrics market share, by technology, 2020 & 2027

5.2    Face recognition

5.2.1    Market estimates and forecast, 2017 - 2027

5.3    Fingerprint recognition

5.3.1    Market estimates and forecast, 2017 - 2027

5.4    Palmprint recognition

5.4.1    Market estimates and forecast, 2017 - 2027

5.5    Iris recognition

5.5.1    Market estimates and forecast, 2017 – 2027

5.6    Voice recognition

5.6.1    Market estimates and forecast, 2017 – 2027

5.7    Signature recognition

5.7.1    Market estimates and forecast, 2017 – 2027

5.8    Others

5.8.1    Market estimates and forecast, 2017 – 2027

Chapter 6   Biometrics Market, By End Use

6.1    Biometrics market share, by end use, 2020 & 2027

6.2    BFSI

6.2.1    Market estimates and forecast, 2017 - 2027

6.3    Government & defense

6.3.1    Market estimates and forecast, 2017 – 2027

6.4    Aerospace

6.4.1    Market estimates and forecast, 2017 - 2027

6.5    Automotive

6.5.1    Market estimates and forecast, 2017 - 2027

6.6    Consumer electronics

6.6.1    Market estimates and forecast, 2017 - 2027

6.7    Healthcare

6.7.1    Market estimates and forecast, 2017 - 2027

6.8    Retail & e-commerce

6.8.1    Market estimates and forecast, 2017 – 2027

6.9    Others

6.9.1    Market estimates and forecast, 2017 - 2027

Chapter 7   Biometrics Market, By Region

7.1    Biometrics market share, by region, 2020 & 2027

7.2    North America

7.2.1    Market estimates and forecast, 2017 – 2027

7.2.2    Market estimates and forecast, by technology, 2017 – 2027

7.2.3    Market estimates and forecast, by end use, 2017 – 2027

7.2.4    U.S.

7.2.4.1    Market estimates and forecast, 2017 – 2027

7.2.4.2    Market estimates and forecast, by technology, 2017 – 2027

7.2.4.3    Market estimates and forecast, by end use, 2017 – 2027

7.2.5    Canada

7.2.5.1    Market estimates and forecast, 2017 – 2027

7.2.5.2    Market estimates and forecast, by technology, 2017 – 2027

7.2.5.3    Market estimates and forecast, by end use, 2017 – 2027

7.3    Europe

7.3.1    Market estimates and forecast, 2017 – 2027

7.3.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.3    Market estimates and forecast, by end use, 2017 – 2027

7.3.4    UK

7.3.4.1    Market estimates and forecast, 2017 – 2027

7.3.4.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.4.3    Market estimates and forecast, by end use, 2017 – 2027

7.3.5    Germany

7.3.5.1    Market estimates and forecast, 2017 – 2027

7.3.5.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.5.3    Market estimates and forecast, by end use, 2017 – 2027

7.3.6    France

7.3.6.1    Market estimates and forecast, 2017 – 2027

7.3.6.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.6.3    Market estimates and forecast, by end use, 2017 – 2027

7.3.7    Italy

7.3.7.1    Market estimates and forecast, 2017 – 2027

7.3.7.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.7.3    Market estimates and forecast, by end use, 2017 – 2027

7.3.8    Spain

7.3.8.1    Market estimates and forecast, 2017 – 2027

7.3.8.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.8.3    Market estimates and forecast, by end use, 2017 – 2027

7.3.9    Russia

7.3.9.1    Market estimates and forecast, 2017 – 2027

7.3.9.2    Market estimates and forecast, by technology, 2017 – 2027

7.3.9.3    Market estimates and forecast, by end use, 2017 – 2027

7.4    Asia Pacific

7.4.1    Market estimates and forecast, 2017 – 2027

7.4.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.3    Market estimates and forecast, by end use, 2017 – 2027

7.4.4    China

7.4.4.1    Market estimates and forecast, 2017 – 2027

7.4.4.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.4.3    Market estimates and forecast, by end use, 2017 – 2027

7.4.5    India

7.4.5.1    Market estimates and forecast, 2017 – 2027

7.4.5.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.5.3    Market estimates and forecast, by end use, 2017 – 2027

7.4.6    Japan

7.4.6.1    Market estimates and forecast, 2017 – 2027

7.4.6.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.6.3    Market estimates and forecast, by end use, 2017 – 2027

7.4.7    South Korea

7.4.7.1    Market estimates and forecast, 2017 – 2027

7.4.7.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.7.3    Market estimates and forecast, by end use, 2017 – 2027

7.4.8    Singapore

7.4.8.1    Market estimates and forecast, 2017 – 2027

7.4.8.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.8.3    Market estimates and forecast, by end use, 2017 – 2027

7.4.9    Australia

7.4.9.1    Market estimates and forecast, 2017 – 2027

7.4.9.2    Market estimates and forecast, by technology, 2017 – 2027

7.4.9.3    Market estimates and forecast, by end use, 2017 – 2027

7.5    Latin America

7.5.1    Market estimates and forecast, 2017 – 2027

7.5.2    Market estimates and forecast, by technology, 2017 – 2027

7.5.3    Market estimates and forecast, by end use, 2017 – 2027

7.5.4    Brazil

7.5.4.1    Market estimates and forecast, 2017 – 2027

7.5.4.2    Market estimates and forecast, by technology, 2017 – 2027

7.5.4.3    Market estimates and forecast, by end use, 2017 – 2027

7.5.5    Mexico

7.5.5.1    Market estimates and forecast, 2017 – 2027

7.5.5.2    Market estimates and forecast, by technology, 2017 – 2027

7.5.5.3    Market estimates and forecast, by end use, 2017 – 2027

7.5.6    Argentina

7.5.6.1    Market estimates and forecast, 2017 – 2027

7.5.6.2    Market estimates and forecast, by technology, 2017 – 2027

7.5.6.3    Market estimates and forecast, by end use, 2017 – 2027

7.6    MEA

7.6.1    Market estimates and forecast, 2017 – 2027

7.6.2    Market estimates and forecast, by technology, 2017 – 2027

7.6.3    Market estimates and forecast, by end use, 2017 – 2027

7.6.4    GCC

7.6.4.1    Market estimates and forecast, 2017 – 2027

7.6.4.2    Market estimates and forecast, by technology, 2017 – 2027

7.6.4.3    Market estimates and forecast, by end use, 2017 – 2027

7.6.5    South Africa

7.6.5.1    Market estimates and forecast, 2017 – 2027

7.6.5.2    Market estimates and forecast, by technology, 2017 – 2027

7.6.5.3    Market estimates and forecast, by end use, 2017 – 2027

Chapter 8   Company Profiles

8.1    Aware Inc.

8.1.1    Business Overview

8.1.2    Financial Data

8.1.3    Technology Landscape

8.1.4    Strategic Outlook

8.1.5    SWOT Analysis

8.2    Ayonix Corporation

8.2.1    Business Overview

8.2.2    Financial Data

8.2.3    Technology Landscape

8.2.4    Strategic Outlook

8.2.5    SWOT Analysis

8.3    Accenture PLC

8.3.1    Business Overview

8.3.2    Financial Data

8.3.3    Technology Landscape

8.3.4    Strategic Outlook

8.3.5    SWOT Analysis

8.4    ASSA ABLOY AB

8.4.1    Business Overview

8.4.2    Financial Data

8.4.3    Technology Landscape

8.4.4    Strategic Outlook

8.4.5    SWOT Analysis

8.5    Cognitec Systems GmbH

8.5.1    Business Overview

8.5.2    Financial Data

8.5.3    Technology Landscape

8.5.4    Strategic Outlook

8.5.5    SWOT Analysis

8.6    Daon Inc.

8.6.1    Business Overview

8.6.2    Financial Data

8.6.3    Technology Landscape

8.6.4    Strategic Outlook

8.6.5    SWOT Analysis

8.7    FaceFirst Inc.

8.7.1    Business Overview

8.7.2    Financial Data

8.7.3    Technology Landscape

8.7.4    Strategic Outlook

8.7.5    SWOT Analysis

8.8    Fujitsu Ltd.

8.8.1    Business Overview

8.8.2    Financial Data

8.8.3    Technology Landscape

8.8.4    Strategic Outlook

8.8.5    SWOT Analysis

8.9    Idemia

8.9.1    Business Overview

8.9.2    Financial Data

8.9.3    Technology Landscape

8.9.4    Strategic Outlook

8.9.5    SWOT Analysis

8.10    Innovatrics

8.10.1    Business Overview

8.10.2    Financial Data

8.10.3    Technology Landscape

8.10.4    Strategic Outlook

8.10.5    SWOT Analysis

8.11    Leidos Holdings

8.11.1    Business Overview

8.11.2    Financial Data

8.11.3    Technology Landscape

8.11.4    Strategic Outlook

8.11.5    SWOT Analysis

8.12    M2SYS

8.12.1    Business Overview

8.12.2    Financial Data

8.12.3    Technology Landscape

8.12.4    Strategic Outlook

8.12.5    SWOT Analysis

8.13    Megvii (Face++)

8.13.1    Business Overview

8.13.2    Financial Data

8.13.3    Technology Landscape

8.13.4    Strategic Outlook

8.13.5    SWOT Analysis

8.14    NEC Corporation

8.14.1    Business Overview

8.14.2    Financial Data

8.14.3    Technology Landscape

8.14.4    Strategic Outlook

8.14.5    SWOT Analysis

8.15    NtechLab

8.15.1    Business Overview

8.15.2    Financial Data

8.15.3    Technology Landscape

8.15.4    Strategic Outlook

8.15.5    SWOT Analysis

8.16    Nuance Communications Inc.

8.16.1    Business Overview

8.16.2    Financial Data

8.16.3    Technology Landscape

8.16.4    Strategic Outlook

8.16.5    SWOT Analysis

8.17    Stanley Convergent Security Solutions Inc.

8.17.1    Business Overview

8.17.2    Financial Data

8.17.3    Technology Landscape

8.17.4    Strategic Outlook

8.17.5    SWOT Analysis

8.18    StereoVision Imaging, Inc.

8.18.1    Business Overview

8.18.2    Financial Data

8.18.3    Technology Landscape

8.18.4    Strategic Outlook

8.18.5    SWOT Analysis

8.19    Thales Group (Gemalto)

8.19.1    Business Overview

8.19.2    Financial Data

8.19.3    Technology Landscape

8.19.4    Strategic Outlook

8.19.5    SWOT Analysis

8.20    Veridos GmbH

8.20.1    Business Overview

8.20.2    Financial Data

8.20.3    Technology Landscape

8.20.4    Strategic Outlook

8.20.5    SWOT Analysis

Authors: Suraj Gujar, Ankita Chavan

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Premium Report Details

Base Year: 2020

Companies covered: 20

Tables & Figures: 217

Countries covered: 19

Pages: 280

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