Report Highlights
The global biometrics market reached $21.6 billion in 2021 and should reach more than $44.7 billion in 2026, with a compound annual growth rate (CAGR) of 15.7% during the forecast period of 2021-2026.
Report Includes
- 43 data tables and 10 additional tables
- An up-to-date overview and analysis of the global markets for biometrics technologies and devices
- Analyses of the global market trends, with data from 2020-2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global/regional market size for biometrics, and corresponding market share analysis by biometrics type, technology, application, end user, and geographic region
- In-depth information (facts and figures) concerning market drivers, challenges and issues, and other macroeconomic forces influencing the progress of global biometrics market
- Insight into the recent government regulations, current trends and technological updates in biometrics and affective computing technologies that can shape the future marketplace
- Review of the patent grants and innovations covering biometrics and affective computing technologies across each major category
- Latest information on key merger and acquisition deals, agreements and collaborations within the global biometrics industry
- Company profiles of major players within the industry, including Aratek Biometrics Technology Co. ltd, ASSA abloy AB, Fingerprint cards AB and Fujitsu ltd.
Report Scope
This report studies the global as well as regional markets for biometric technologies and devices, identifying newer markets and exploring the expansion of the current application market for various types of biometric devices. A realistic five-year forecast has been made for the future global markets for different types of biometric technologies and devices. The applications for each type of biometric technology are discussed to establish global as well as regional usage. A future forecast has been made for such applications.
The market is divided on the basis of biometric technologies including fingerprint, face recognition, iris recognition, vein recognition, voice/speech recognition, and others. Applications for the market are segmented into identification, access control, and security. The present biometrics market offers an opportunity to stakeholders largely because of a surge in biometric software services and the increased use of the internet for digital identification.
This report highlights different types of biometrics, which include contact-based and contactless biometrics. In addition, the report also offers a major regional analysis of North America, Europe, Asia-Pacific, the Middle East, and Africa. The estimated and forecast market revenue considered in this report is the summation of prices for software, hardware, and subscription services.
The report also studies the product and technology life cycles of various types of biometric devices and the methods employed by different manufacturers and users in maintaining ecological balance. Also discussed are the several types of recently developed biometric technologies that are becoming more popular in various applications. The report also profiles the major manufacturers and suppliers of biometric devices and looks at the mergers and acquisitions in this field.
COVID-19 has had a massive impact on society since the start of 2020. This report considers the impact of COVID-19 and the economic slowdown it created. With people relying more on technology, cyberattacks have increased. It is expected that the demand for biometrics solutions will increase and boost the biometrics market.
This report has been prepared in a simple easy-to-understand format, with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of biometric devices, with reasons given for variations in the growth of the industry in certain regions. The report examines each type of biometric technology, determines its current market size, and estimates its future market. The report also analyzes the market from the manufacturers’ viewpoint as well as that of the final consumer. A number of technical issues arising out of the utilization of biometric technologies are discussed, and solutions are indicated. The use of biometric technologies in government and public sector institutions is discussed in detail, along with the markets for these sectors.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Base year considered | 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Forecast period considered | 2021-2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Base year market size | $19.4 billion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market size forecast | $44.8 billion | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Growth rate | CAGR of 15.7% for the forecast period of 2021-2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segments covered | technology, end-user, biometrics type, application, and region | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, the Middle East, and Africa | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Countries covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Russia, China, Japan, India, Australia, South America, Middle East, and Africa | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for biometric technologies should grow from $25.8 billion in 2019 to $71.7 billion by 2024 at a compound annual growth rate (CAGR) of 22.7% for the period of 2019-2024.
Report Includes
- 84 data tables
- Brief overview of the biometrics and affective computing technologies in various applications
- Analyses of the global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Quantitative and qualitative study of biometric technologies by product type, application, end user industry, deployment type, and major geographical region
- Insight into government regulations, current trends and technological updates within biometrics that can shape future marketplace
- A relevant patent analysis covering biometrics and affective computing technological innovations
- Company profiles of leading biometric equipment manufacturers and their product portfolios
- Company profiles of major global players Apple Inc., Bayometric, Cmitech Co. Ltd., Denso Wave Inc. and Union Community Co. Ltd.
Report Highlights
The global market for biometric technologies totaled $14.9 billion in 2015 and is expected to reach $41.5 billion by 2020 increasing at a compound annual growth rate (CAGR) of 22.7% from 2015 to 2020.
Report Includes
- An overview of the market for biometric technologies, including fingerprint, face, iris, vein, and voice technologies.
- Analyses of market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Information on product life cycles and technology life cycles of various types of biometric devices and the methods employed by different manufacturers and users in maintaining ecological balance
- Discussion covering the variations in the growth of the industry in certain regions.
- Information on the latest merger and acquisition activity in the industry
- Profiles of major manufacturers and suppliers of biometric devices
Report Highlights
The global market for biometric technologies is estimated to be $8.7 billion in 2013. In 2014, the forecasted revenues will likely reach almost $11.2 billion and $27.5 billion by 2019, demonstrating a compound annual growth rate (CAGR) of 19.8%.
Report Includes
- An overview of the market for biometric technologies, including fingerprint, face, iris, vein, and voice technologies.
- Analyses of market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Discussion covering the variations in the growth of the industry in certain regions.
Report Highlights
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The global market for various biometric technologies is poised for sustained growth throughout the forecast period. This market is estimated at $5 billion in 2010 and is expected to reach a value of nearly $12 billion by 2015, a compound annual growth rate (CAGR) of 18.9%.
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The market for AFIS and fingerprint biometric technologies account for the greatest share of the global biometrics market and is forecast to continue to be the main source of overall market revenues from 2010 to 2015 and beyond. This sector is valued at $2.7 billion in 2010 and is expected to increase at a 19.6% compound annual growth rate (CAGR) to reach nearly $6.6 billion in 2015.
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Face, iris, vein, and voice recognition biometric technologies together form the second largest segment. This sector is worth an estimated $1.4 billion in 2010 and is expected to reach $3.5 billion in 2015, a compound annual growth rate (CAGR) of 19.9%.
Report Highlights
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The global market for biometrics increased from $1.95 billion in 2006 to an estimated $2.7 billion by the end of 2007. It should reach $7.1 billion by 2012, a compound annual growth rate of 21.3%.
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Fingerprint biometrics will continue to be the main revenue contributor from 2007 to 2012 and even beyond this time frame.
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The public sector, comprising government and federal departments, law enforcement, military and transport and aviation markets, will be the main user segment of biometric technology.
Report Highlights
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The total market will grow to just under $3.4 billion by 2007.
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By far, the leader is finger scan (FIS) technology with a market share of 80%.
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Facial and voice scan technologies have higher growth rates than FIS.
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Iris and retina scans will have AAGRs of 18.8% and 19.8%, respectively.
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