Biometric System Market Research Report- Global Forecast 2027

Biometric System Market, By Component (Hardware, Software), By Authentication Type (Single Factor Authentication, Multifactor Authentication), By Function (Non-Contact, Others), By Application (Government, Commercial, Healthcare) - Forecast 2027

ID: MRFR/SEM/2489-HCR | February, 2021 | Region : Global

Market Overview


The biometric system market is skyrocketing at a rapid pace in recent times and is expected to evolve to greater heights in the near future. The estimated valuation of the global biometric system market will reach approximately USD 33 billion by the end of the year 2023, with a CAGR of around 15 percent during the forecast period (2017-2023).


Biometric systems refer to the technology that uses biological data to identify the person. Such systems are widely used for the statistical analysis of the behavioral and physical characteristics of people in an organization. The biometric industry produces biometric authentication to show that every individual physical and behavioral traits are different and unique. Most organizations use these systems and boost the growth of the global biometric system market. The easy and unique biometric operation is one of the primary reasons for the expansion of biometric system market size.


As per the biometric system analysis, the prevalence of a greater number of terror attacks and the rising crime rates has led to the increased adoption of biometric systems. Over the years, the cases of terror attacks have been surging, which demands better and advanced systems. With the help of biometric systems, the rate of terror attacks can be reduced, which in turn propels the growth of the biometric system market share. Fingerprint recognition biometrics technology has the most implementation in e-passports, e-visas, travel and immigration, and driving license, which is escalating the biometric system market growth. The fingerprint biometrics technology is also used in computers, laptops, and smartphones these days, which is fuelling the biometric system industry.


The report describes the in-depth insights of the biometric system market and provides the forecasted market valuation and growth rate. A brief description is provided on the impact of COVID19 on the biometric system industry and covers the dynamics of the biometric system market along with the drivers and restraints of the market. It gives an idea about different segments and sub-segments of the biometric system market and explains the key market players. It contains biometric system market analysis on several geographies that can influence the market growth in the forecast period.


COVID19 Analysis


The coronavirus epidemic has pulled down the growth rate of the global economy. The COVID19 outbreak not only created a health crisis worldwide but also created havoc in the financial sectors. The lockdown restrictions forced companies to shut down their operational work and heavily disrupted the complete supply chain. As people stayed mostly at home, the dependence on electronics devices and gadgets increased rapidly. The increase in usage of electronics systems enabled the rise of biometric systems, which elevated the biometric system market demand.


During the pandemic, several industries shifted towards automation systems and immensely implemented biometric systems in the organizations. The rising demand for biometric systems in several sectors helped in maintaining a steady growth even in these difficult circumstances.


Market Dynamics



  • Major drivers of the market


The global biometric system market is surging rapidly over the years, and the rising implementation of biometric systems is propelling the growth of the biometric system industry. Its unique features and easy operations are boosting the rise of biometrics systems. With the recent developments in the biometric system market trend, the progress in the adoption and implementation of these systems are largely witnessed. The usage of biometrics technology to reduce terror attacks has soared up the biometric system market growth. As per the biometric system market forecast, the rising crime rates require more advanced and secure systems, due to which the implementation of biometric systems is also escalating. The growing prevalence of crime rates drives the biometric system market growth.


There are various authentication methods provided by the biometric system industry which can be used in electronics gadgets as well as in the traveling and immigration industry. According to the biometric system market analysis, the wide range of applications of biometric systems is resulting in the expansion of the biometric system market.



  • Significant opportunities for the market


The implementation of biometrics technology in the organization is exponentially increasing over the past couple of years. These organizations or enterprises utilize the biometric systems for internal investigation and regulatory purposes, which leads to escalating the biometric system market demand. The utilization of these systems for reducing the terror attacks and declining the crime rates raises the requirement for biometric systems.


The increased requirement of these systems prompts the biometric companies to produce more and more systems to elevate their profits. The implementation of these systems in electronics gadgets and in other sectors enables the growth of biometric system market in the upcoming years.



  • Market restraints


The COVID19 outbreak has severely impacted the biometric system market and restricted the growth of the market. During the pandemic, industrial operations were put to a halt, and working premises remained closed for an uncertain time period which incurred heavy financial losses. However, the increased shift of industries towards the adoption of advanced security systems helped to balance the growth of the biometric system market size. The rise in the utilization of electronic devices has also sustained the biometric system market growth even in difficult times.



  • Market growth challenges


The wide range of authentication methods raises the growth of the biometric system market, but certain limitations hamper the biometric system market growth. One of such limitations is the cost of biometric systems. For some people, the cost of these systems may seem higher, which can hinder the expansion of the biometric system market size. The lack of technical awareness can also restrict the biometric system market growth.


Value Chain Analysis


As per the biometric system market forecast, the revenue generated from the biometric system market over recent years has reached stupendous heights. Towards the end of 2023, the value of the biometric system market share will be way higher than any historical values and will attain optimum levels.


Segment Overview


The global biometric system market is fragmented into several segments on the basis of authentication type, component, application, and function. The biometric system market segment on the basis of authentication type includes single-factor authentication and multiple-factor authentication. Single print authentication includes face recognition, fingerprint recognition, iris recognition, vein recognition, palm print recognition, voice recognition, signature recognition, DNA recognition, gait recognition, keystroke recognition, and other biometric technologies. Multiple factor authentication consists of biometrics combined with pin technology, biometrics combined with smart card technologies, three biometric factor authentication, and two biometric factor authentication.


Among all the authentication methods, fingerprint recognition methods are widely used and have the highest market share. It is implemented in the travel and immigration industry, e-passports, e-visas, driving licenses, usage in laptops, smartphones, and computers for security purposes. It provides excellent service, low operational cost, and easy authentication in the travel and immigration industry, which is raising the hold of fingerprint recognition methods in the biometric system market share.


On the basis of components, the biometric system market segment involves the hardware and software section. The hardware section includes scanners like palm vein scanners and live scanners, fingerprint readers, cameras like eye, face, iris, retina cameras, microphones, and speakers.


By application, the biometric system market segmentation comprises healthcare, government, BFSI, consumer electronics, military and defense, commercial, home, security, travel and immigration, and others. The travel and immigration industry holds the largest biometric system market share globally out of all the applications. The biometric system market size segmentation on the basis of functions involves contact, non-contact, and other functions.


Regional Analysis


The biometric system market analysis is done on different geographies such as North America, Europe, Asia-Pacific, and the remaining parts of the world. The North American region is anticipated to account for the largest biometric system market share due to the higher implementation of biometrics technology by security and government agencies. In the US, the wider range of fingerprint recognition applications has escalated the growth of the biometric system market in that region.


Asia-Pacific region will also progress with a high CAGR in the forecast period owing to the rising implementation in security purposes for protecting national heritage and for e-passport verification.


Competitive Landscape of the market


The biometric system market major players are:



  • NEC Corporation (Japan)

  • BIO-Key International, Inc. (U.S.)

  • SA (France)

  • Secunet Security Networks AG (Germany)

  • Cross Match Technologies (U.S.)

  • Fujitsu Ltd. (Japan)

  • Cognitec Systems GmbH (Germany)

  • Thales SA (France)

  • Precise Biometrics AB (Sweden)

  • Aware, Inc. (U.S.)

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 BIOMETRIC SYSTEM MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 HARDWARE

6.2.1.1.1 FINGERPRINT READERS

6.2.1.1.2 SCANNERS

6.2.1.1.3 CAMERAS

6.2.1.1.4 OTHERS

6.2.2 SOFTWARE

6.2.2 BY AUTHENTICATION TYPE

6.2.2.1 SINGLE FACTOR AUTHENTICATION

6.2.2.1.1 FINGERPRINT RECOGNITION

6.2.2.1.2 IRIS RECOGNITION

6.2.2.1.3 PALM PRINT RECOGNITION

6.2.2.1.4 VEIN RECOGNITION

6.2.2.1.5 SIGNATURE RECOGNITION

6.2.2.1.6 VOICE RECOGNITION

6.2.2.1.7 OTHER BIOMETRIC TECHNOLOGIES

6.2.2.1.7.1 DNA RECOGNITION

6.2.2.1.7.2 KEYSTROKE RECOGNITION

6.2.2.1.7.3 GAIT RECOGNITION

6.2.2.2 MULTIFACTOR AUTHENTICATION

6.2.2.2.1 BIOMETRICS COMBINED WITH SMART CARD TECHNOLOGY

6.2.2.2.2 BIOMETRICS COMBINED WITH PIN TECHNOLOGY

6.2.2.2.2.1 TWO BIOMETRIC FACTOR AUTHENTICATION

6.2.2.2.2.2 THREE BIOMMETRIC FACTOR AUTHENTICATION

6.2.3 BY FUNCTION

6.2.3.1 CONTACT

6.2.3.2 NON-CONTACT

6.2.3.3 OTHERS

6.2.4 BY APPLICATION

6.2.4.1 GOVERNMENT

6.2.4.2 MILITARY AND DEFENSE

6.2.4.3 HEALTHCARE

6.2.4.4 BFSI

6.2.4.5 COMSUMER ELECTRONICS

6.2.4.6 SECURITY

6.2.4.6.1 HOME

6.2.4.6.2 COMMERCIAL

6.2.4.7 TRAVEL AND IMMIGRATION

6.2.4.8 OTHERS

6.2.5 BY GEOGRAPHY

6.2.5.1 NORTH AMERICA

6.2.5.2 EUROPE

6.2.5.3 ASIA-PACIFIC

6.2.5.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 SAFRAN SA (FRANCE)

7.2.2 NEC CORPORATION (JAPAN)

7.2.3 FUJITSU LTD. (JAPAN)

7.2.4 BIO-KEY INTERNATIONAL, INC. (U.S.)

7.2.5 PRECISE BIOMETRICS AB (SWEDEN)

7.2.6 SECUNET SECURITY NETWORKS AG (GERMANY)

7.2.7 THALES SA (FRANCE)

7.2.8 AWARE, INC. (U.S.)

7.2.9 COGNITEC SYSTEMS GMBH (GERMANY)

7.2.10 CROSS MATCH TECHNOLOGIES (U.S.)

7.2.11 OTHERS
LIST OF TABLES

TABLE 1 BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 2 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 3 BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 4 BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 5 BIOMETRIC SYSTEM MARKET, BY REGION

TABLE 6 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 7 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 8 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 9 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 10 U.S. BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 11 U.S. BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 12 U.S. BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 13 U.S. BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 14 CANADA BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 15 CANADA BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 16 CANADA BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 17 CANADA BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 18 EUROPE BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 19 EUROPE BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 20 EUROPE BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 21 EUROPE BIOMETRIC SYSTEMMARKET, BY APPLICATION

TABLE 22 GERMANY BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 23 GERMANY BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 24 GERMANY BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 25 GERMANY BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 26 FRANCE BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 27 FRANCE BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 28 FRANCE BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 29 FRANCE BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 30 U.K. BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 31 U.K. BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 32 U.K. BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 33 U.K. BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 34 REST OF EUROPE BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 35 REST OF EUROPE BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 36 REST OF EUROPE BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 37 REST OF EUROPE BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 38 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 39 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 40 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 41 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY APPLICATION

TABLE 42 REST OF THE WORLD BIOMETRIC SYSTEM MARKET, BY COMPONENT

TABLE 43 REST OF THE WORLD BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE

TABLE 44 REST OF THE WORLD BIOMETRIC SYSTEM MARKET, BY FUNCTION

TABLE 46 REST OF THE WORLD BIOMETRIC SYSTEM MARKET, BY APPLICATION

LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 BIOMETRIC SYSTEM MARKET: BY COMPONENT (%)

FIGURE 3 BIOMETRIC SYSTEM MARKET: BY AUTHENTICATION TYPE (%)

FIGURE 4 BIOMETRIC SYSTEM MARKET: BY FUNCTION (%)

FIGURE 5 BIOMETRIC SYSTEM MARKET: BY APPLICATION (%)

FIGURE 6 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY COMPONENT (%)

FIGURE 7 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE (%)

FIGURE 8 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY FUNCTION (%)

FIGURE 9 NORTH AMERICA BIOMETRIC SYSTEM MARKET, BY APPLICATION (%)

FIGURE 10 EUROPE BIOMETRIC SYSTEM MARKET, BY COMPONENT (%)

FIGURE 11 EUROPE BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE (%)

FIGURE 12 EUROPE BIOMETRIC SYSTEM MARKET, BY FUNCTION (%)

FIGURE 13 EUROPE BIOMETRIC SYSTEM MARKET, BY APPLICATION (%)

FIGURE 14 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET BY COMPONENT (%)

FIGURE 15 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE (%)

FIGURE 16 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY FUNCTION (%)

FIGURE 17 ASIA-PACIFIC BIOMETRIC SYSTEM MARKET, BY APPLICATION (%)

FIGURE 18 ROW BIOMETRIC SYSTEM MARKET, BY COMPONENT (%)

FIGURE 19 ROW BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE (%)

FIGURE 20 ROW BIOMETRIC SYSTEM MARKET, BY FUNCTION (%)

FIGURE 21 ROW BIOMETRIC SYSTEM MARKET, BY APPLICATION (%)


Biometric System Market