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The future of the global biometric system market looks promising with opportunities in the government, commercial, healthcare, and banking sectors. The global biometric system market is expected is grow with a CAGR of 12.0% from 2021 to 2027. The major growth drivers for this market are increasing focus of safety and security in private and business sectors related to unauthorized access, growth in the e-passport program for personal identification, and the growing adaption of voice recognition systems in the banking and financial services sector.
Biometric System Market

Emerging Trends in the Biometric System Market

Emerging trends, which have a direct impact on the dynamics of the biometric system industry, include development of advanced biometric modalities, such as body odor, ear pattern, and lip biometrics and increasing use of advanced biometric sensors.
A total of 84 figures / charts and 64 tables are provided in this 181-page report to help in your business decisions. A sample figure with insights is shown below.
Biometric System Market by Segments
 

Biometric System Market by Segment

The study includes a forecast for the global biometric system market by technology, by type, by end use industry, and region as follows:

By Technology [$B shipment analysis from 2016 to 2027]:

  • Fingerprint
  • AFIS
  • Iris Recognition
  • Facial Recognition
  • Hand Geometry
  • Vein Recognition
  • Signature recognition
  • Voice Recognition
  • Others

By End Use Industry [$B shipment analysis from 2016 to 2027]:

  • Government and Law Enforcement
  • Commercial and Retail
  • Health Care
  • Travel and Immigration
  • Financial and Banking 
  • Others

By Type [$B shipment analysis from 2016 to 2027]: 

  • Physiological Type
  • Behavioral Type

By Region [$B shipment analysis for 2016 to 2027]:

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • India
  • The Rest of the World

List of Biometric System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their new product developments, partnerships, mergers & acquisition, and leverage integration opportunities across the value chain. With these strategies biometric system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Biometric System companies profiled in this report include.
  • 3M Cogent, Inc.
  • Safran (Morpho)
  • Hid Global
  • IDEMIA
  • NEC Corporation
  • Thales Group
  • Bio-Key, International Inc.
  • Precise Biometrics AB.
  • Suprema Inc.
  • IriTech, Inc.
  • Fujitsu
 

Biometric System Market Insight

Lucintel forecasts that AFIS is expected to remain the largest technology due to the increasing demand in various law enforcement and civil applications. The voice recognition technology segment is expected to experience the highest growth rate in the forecast period supported by increasing demand from the banking and finance sector in addition to the healthcare sector.
  • Government & Law Enforcement will remain the largest end use industry over the forecast period.
  • APAC  is also expected to witness highest growth over the forecast period
 

Features of Biometric System Market

  • Market Size Estimates: Biometric system market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by technology, by type, by end use industry and region as follows:
  • Regional Analysis: Biometric system market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in technology, by type, by end use industry and region.as follows:
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the biometric system market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
  

FAQ

Q1. What is the biometric system market size?
Answer: The global biometric system market is expected to reach an estimated $51.3 billion by 2027    
Q2. What is the growth forecast for biometric system market?
Answer: The biometric system market is expected to grow at a CAGR of 12.0% from 2021 to 2027.       
Q3. What are the major drivers influencing the growth of the biometric system market?
Answer: The major growth drivers for this market are increasing focus of safety and security in private and business sectors related to unauthorized access, growth in the e-passport program for personal identification, and the growing adaption of voice recognition systems in the banking and financial services sector.
Q4. What are the major applications or end use industries for biometric system market?
Answer: Government & Law Enforcement, Commercial  and Retail, and Travel and Immigration are major end use industries for biometric system market.         
Q5. What are the emerging trends in biometric system market?
Answer: Emerging trends, which have a direct impact on the dynamics of the biometric system industry, include development of advanced biometric modalities, such as body odor, ear pattern, and lip biometrics and increasing use of advanced biometric sensors.
Q6. Who are the key biometric system companies?
Answer: Some of the key biometric system companies are as follows:
  • 3M Cogent, Inc.
  • Safran (Morpho)
  • Hid Global
  • IDEMIA
  • NEC Corporation
  • Thales Group
  • Bio-Key, International Inc.
  • Precise Biometrics AB.
  • Suprema Inc.
  • IriTech, Inc.
  • Fujitsu
Q7. Which biometric system product segment will be the largest in future?
Answer: Lucintel forecasts that AFIS is expected to remain the largest technology due to the increasing demand in various law enforcement and civil applications. The voice recognition technology segment is expected to experience the highest growth rate in the forecast period supported by increasing demand from the banking & finance and healthcare sectors.
Q8: In biometric system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over next 5 years 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 11 key questions

Q.1 What are some of the most promising, high-growth opportunities for the global biometric system by type of technology (fingerprint, AFIS, iris recognition, facial recognition, hand geometry, vein recognition, signature recognition, voice recognition and others), by type (physiological type and behavioral type), by end use industry (government and law enforcement, commercial and retail, health care, travel and immigration, financial and banking and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?

For any questions related to biometric system market or related to biometric system companies, biometric system market size, biometric system market share, biometric system analysis, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents


1.  Executive Summary

2. Market Background and Classification
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges

3. Market Trends and Forecast Analysis
3.1 Macroeconomic Trends and Forecast
3.2 Global Biometric System Market Trends and Forecast
3.3 Global Biometric System Market by Type
3.3.1 Physiological System
3.3.2 Behavioral System
3.4 Global Biometric System Market by Technology
3.4.1 Fingerprint recognition
3.4.2 Automated Fingerprint Identification System (AFIS)
3.4.3 Iris Recognition
3.4.4 Facial Recognition
3.4.5 Hand Geometry
3.4.6 Vein Recognition
3.4.7 Signature Recognition
3.4.8 Voice Recognition
3.4.9 Other Technology
3.5 Global Biometric System Market by End Use Industry
3.5.1 Government and Law Enforcement
3.5.2 Commercial and Retail
3.5.3 Healthcare
3.5.4Travel and Immigration
3.5.5 Financial & Banking
3.5.6 Others

4. Market Trends and Forecast Analysis by Region
4.1 Global Biometric System Market by Region
4.2 North American Biometric System Marke
4.2.1 North American Market by Technology
4.2.2 United States Biometrics System Market
4.2.3 Canadian Biometric System Market
4.2.4 Mexican Biometric System Market
4.3 European Biometric System Market
4.3.1 European Market by Technology
4.3.2 UK Biometric System Market
4.3.3 German Biometric System Market
4.3.4 French Biometric System Market
4.4 APAC Biometric System Market
4.4.1 APAC Market by Technology
4.4.2 Chinese Biometric System Market
4.4.3 Japanese Biometric System Market
4.4.4 Indian Biometric System Market
4.5 ROW Biometric System Market
4.5.1 ROW Market by Technology

5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Geographical Reac
5.3 Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for Global Biometric System Market by Technology
6.1.2 Growth Opportunities for Global Biometric System Market by End Use Industry
6.1.3 Growth Opportunities for Global Biometric System Market by Region
6.2 Emerging Trends in the Global Biometric System Market
6.3 Strategic Analysis
6.3.1New Product Development
6.3.2Business Expansion of the Global Biometric System Market
6.3.3Contract
6.3.4Mergers, Acquisitions, Partnership, and Joint Ventures in the Global Biometric System Market

7. Company Profiles of Leading Players
7.1 3M Cogent, Inc.
7.2 Safran(Morpho)
7.3 Hid Global
7.4 NEC Corporation
7.5 Thales Group
7.6 Bio-Key, International Inc.
7.7 Precise Biometrics AB.
7.8 Suprema Inc.
7.9 IriTech, Inc
7.10 Fujitsu

.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Biometric System Market Report: Trends, Forecast and Competitive Analysis [2022-2027] Full Report $ 4,850
64 figures/charts and 84 tables are provided in this 181- page report
Chapter - 1: Executive Summary 5 $ 435
Executive Summary
Chapter - 2: Market Background and Classification 9 $ 218

2.    Market Background and Classification. 26

2.1      Introduction, Background, and Classifications. 26

2.2      Supply Chain. 29

2.3      Industry Drivers and Challenges. 31

Chapter - 3: Market Trends and Forecast Analysis, 2010-2021 36 $ 1,740
3.    Market Trends and Forecast Analysis.
3.1      Macroeconomic Trends and Forecast
3.2      Global Biometric System Market Trends and Forecast
3.3      Global Biometric System Market by Type.
3.3.1       Physiological System.
3.3.2       Behavioral System..
3.4      Global Biometric System Market by Technology.
3.4.1       Fingerprint recognition.
3.4.2       Automated Fingerprint Identification System (AFIS)
3.4.3       Iris Recognition.
3.4.4       Facial Recognition.
3.4.5       Hand Geometry.
3.4.6       Vein Recognition.
3.4.7       Signature Recognition.
3.4.8       Voice Recognition.
3.4.9       Other Technology.
3.5      Global Biometric System Market by End Use Industry.
3.5.1       Government and Law Enforcement
3.5.2       Commercial and Retail
3.5.3       Healthcare.
3.5.4       Travel and Immigration.
3.5.5       Financial & Banking.
3.5.6       Others.
Chapter - 4: Regional Analysis 25 $ 2,248
4.    Market Trends and Forecast Analysis by Region.
4.1      Global Biometric System Market by Region.
4.2      North American Biometric System Market
4.2.1       North American Market by Technology.
4.2.2       United States Biometrics System Market
4.2.3       Canadian Biometric System Market
4.2.4       Mexican Biometric System Market
Chapter - 5: Competitor Analysis 8 $ 725
5. Competitor Analysis.
5.1      Product Portfolio Analysis.
5.2      Geographical Reach.
5.3      Porter’s Five Forces Analysis.
Chapter - 6: Cost Structure Analysis 18 $ 508
6. Growth Opportunities and Strategic Analysis.
6.1      Growth Opportunity Analysis.
6.1.1       Growth Opportunities for Global Biometric System Market by Technology.
6.1.2       Growth Opportunities for Global Biometric System Market by End Use Industry.
6.1.3       Growth Opportunities for Global Biometric System Market by Region.
6.2      Emerging Trends in the Global Biometric System Market
6.3      Strategic Analysis.
6.3.1       New Product Development
6.3.2       Business Expansion of the Global Biometric System Market
6.3.3       Contract
6.3.4       Mergers, Acquisitions, Partnership, and Joint Ventures in the Global Biometric System Market
Chapter - 7: Growth Opportunities and Strategic Analysis 28 $ 870
7.    Company Profiles of Leading Players.
7.1      3M Cogent, Inc.
7.2      Safran(Morpho)
7.3      Fujitsu Frontech Limited.
7.4      Cross Match Technologies.
7.5      Hid Global
7.6      NEC Corporation.
7.7      Thales Group.
7.8      Bio-Key, International Inc.
7.9      Precise Biometrics AB.
7.10    Suprema Inc.
7.11    IriTech, Inc.
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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