Biometric Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027

The Biometric-market is expected to grow at a significant CAGR in the period from 2021 to 2027. When compared to traditional security systems that rely on passwords, PINs, or smart cards, biometric systems are thought to be more rapid, convenient, and safe. International terrorism, organised crime, and illegal migration linked to identity theft and document fraud have all been helped by these systems. Furthermore, biometric systems are simple to set up and do not require highly trained knowledge to operate.

The growing use of biometrics in consumer electronic devices for authentication and identification, the growing need for surveillance and security in light of the increased threat of terrorist attacks, and the rapid adoption of biometric technology in automotive applications are all driving the biometric system market forward.

The following Segmentation are covered in this report:

By Authentication Type and Technology:

• Single-factor authentication
• Fingerprint recognition
• Iris recognition
• Palm recognition
• Face recognition
• Vein recognition
• Signature recognition
• Voice recognition
• Other types of recognition
• Multi-factor authentication
• Biometric Smart Card
• Biometric PIN
• Multimodal

By Type

• Contact-based
• Contactless
• Hybrid

By Type

• Hardware
• Software

By Vertical

• Government
• Military & defense
• Healthcare
• Banking & finance
• Consumer electronics
• Security
• Travel & immigration
• Automotive
• Others verticals

By Region

North America:

• US
• Canada

Europe:

• France
• Italy
• Germany
• UK
• Rest of Europe

Asia Pacific:

• India
• China
• Japan
• Australia
• Rest of APAC

Scope of the Report

The research study analyses the global Biometric industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Biometric Market Report

• What was the Biometric Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Biometric Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Biometric Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.