Biometric Technology Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global Biometric Technology Market is valued at USD 1.29 billion in 2019 and is expected to reach USD 3.19 billion by 2027 and is expected to grow at a CAGR of 11% from 2021 to 2027.

As the use of biometrics increases in consumer electronic devices for authentication and identification purposes, the need for surveillance and security is increasing as the threat of terrorist attacks increases, and the rapid increase in biometrics technology in automotive applications is the growth of biometric systems. Is the main factor that promotes it.

Company Profiles

• Aware Inc.
• BIO-key International, Inc.
• Fujitsu Limited
• Gemalto NV
• IDEMIA
• ImageWare Systems, Inc.
• NEC Corporation
• Precise Biometrics AB
• Suprema Inc.
• Secunet Security Networks AG

Biometric Technology Market Segmentations

By Type

Based on physical characteristics

• Face recognition
• Iris recognition
• Fingerprint recognition
• Hand geometry recognition
• Others (DNA, ear)

Based on behavioral characteristics

• Signature recognition
• Voice recognition
• Middleware recognition
• Others (keystroke, handwriting)

By End User

• Public sector
• Banking & financial sector
• Healthcare
• IT & telecommunication
• Others (hospitality, retail, automotive)

Recent Developments

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

Geographic Coverage

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

Key Questions Answered by Biometric Technology Market Report

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