Abstract
Summary
Biometrics technology is used for identification and authentication of individuals by measuring and analyzing their personal traits-fingerprints, iris, hand geometry, voice, face, vascular pattern, palm print, or behavioral characteristics-signature, typing pattern, gait. It is a major industry which forms a significant part of the biometric market.
LPI (LP Information)' newest research report, the “Biometric Technology Industry Forecast” looks at past sales and reviews total world Biometric Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Technology sales for 2023 through 2029. With Biometric Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Technology industry.
This Insight Report provides a comprehensive analysis of the global Biometric Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biometric Technology market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric Technology.
The global Biometric Technology market size is projected to grow from US$ 5828.7 million in 2022 to US$ 12420 million in 2029; it is expected to grow at a CAGR of 11.4% from 2023 to 2029.
Biometric technology provides advanced methodology over traditional PIN based methods. This technology is used to secure the sensitive or personal data from fraudulent use of an individual’s possessions, such as ATMs, smart cards, mobile phones or access to desktops, laptops, workstations, or networks by unique identification technique. It uses both physiological as well as psychological traits for identification that makes it beneficial in variety of crucial applications, such as national security, law enforcement, enterprise &e-governance, personal information & business transactions, and others. Biometric systems are designed with a storage component for biometric data samples of individuals and are linked to the information on their identity. Traditional methods could be compromised; for instance, a PIN or password could be forgotten or a key could be lost, but biometric traits are difficult to steal or forget. Owing to its unique characteristics and high security, biometric technology is used in variety of applications in industries, such as defense, government, healthcare, banking & finance, transport & immigration, commercial security, non-commercial safety, and others (hospitality, gaming, automobile, retail).
This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Technology market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Based on physical characteristics
Based on behavioral characteristics
Segmentation by application
Public sector
Banking & financial sector
Healthcare
IT & telecommunication
Others (hospitality, retail, automotive)
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
3M Company (Cogent Systems, Inc.)
Fujitsu Frontech Limited
ImageWare Systems, Inc.
Suprema, Inc.
Safran S.A.
secunet Security Networks AG
Thales S.A.
BIO-key International, Inc.
NEC Corporation
Precise Biometrics
LPI (LP Information)' newest research report, the “Biometric Technology Industry Forecast” looks at past sales and reviews total world Biometric Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Technology sales for 2023 through 2029. With Biometric Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Technology industry.
This Insight Report provides a comprehensive analysis of the global Biometric Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biometric Technology market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric Technology.
The global Biometric Technology market size is projected to grow from US$ 5828.7 million in 2022 to US$ 12420 million in 2029; it is expected to grow at a CAGR of 11.4% from 2023 to 2029.
Biometric technology provides advanced methodology over traditional PIN based methods. This technology is used to secure the sensitive or personal data from fraudulent use of an individual’s possessions, such as ATMs, smart cards, mobile phones or access to desktops, laptops, workstations, or networks by unique identification technique. It uses both physiological as well as psychological traits for identification that makes it beneficial in variety of crucial applications, such as national security, law enforcement, enterprise &e-governance, personal information & business transactions, and others. Biometric systems are designed with a storage component for biometric data samples of individuals and are linked to the information on their identity. Traditional methods could be compromised; for instance, a PIN or password could be forgotten or a key could be lost, but biometric traits are difficult to steal or forget. Owing to its unique characteristics and high security, biometric technology is used in variety of applications in industries, such as defense, government, healthcare, banking & finance, transport & immigration, commercial security, non-commercial safety, and others (hospitality, gaming, automobile, retail).
This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Technology market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Based on physical characteristics
Based on behavioral characteristics
Segmentation by application
Public sector
Banking & financial sector
Healthcare
IT & telecommunication
Others (hospitality, retail, automotive)
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
3M Company (Cogent Systems, Inc.)
Fujitsu Frontech Limited
ImageWare Systems, Inc.
Suprema, Inc.
Safran S.A.
secunet Security Networks AG
Thales S.A.
BIO-key International, Inc.
NEC Corporation
Precise Biometrics
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Biometric Technology Market Size 2018-2029
2.1.2 Biometric Technology Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Biometric Technology Segment by Type
2.2.1 Based on physical characteristics
2.2.2 Based on behavioral characteristics
2.3 Biometric Technology Market Size by Type
2.3.1 Biometric Technology Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Biometric Technology Market Size Market Share by Type (2018-2023)
2.4 Biometric Technology Segment by Application
2.4.1 Public sector
2.4.2 Banking & financial sector
2.4.3 Healthcare
2.4.4 IT & telecommunication
2.4.5 Others (hospitality, retail, automotive)
2.5 Biometric Technology Market Size by Application
2.5.1 Biometric Technology Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Biometric Technology Market Size Market Share by Application (2018-2023)
3 Biometric Technology Market Size by Player
3.1 Biometric Technology Market Size Market Share by Players
3.1.1 Global Biometric Technology Revenue by Players (2018-2023)
3.1.2 Global Biometric Technology Revenue Market Share by Players (2018-2023)
3.2 Global Biometric Technology Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Biometric Technology by Regions
4.1 Biometric Technology Market Size by Regions (2018-2023)
4.2 Americas Biometric Technology Market Size Growth (2018-2023)
4.3 APAC Biometric Technology Market Size Growth (2018-2023)
4.4 Europe Biometric Technology Market Size Growth (2018-2023)
4.5 Middle East & Africa Biometric Technology Market Size Growth (2018-2023)
5 Americas
5.1 Americas Biometric Technology Market Size by Country (2018-2023)
5.2 Americas Biometric Technology Market Size by Type (2018-2023)
5.3 Americas Biometric Technology Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Biometric Technology Market Size by Region (2018-2023)
6.2 APAC Biometric Technology Market Size by Type (2018-2023)
6.3 APAC Biometric Technology Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Biometric Technology by Country (2018-2023)
7.2 Europe Biometric Technology Market Size by Type (2018-2023)
7.3 Europe Biometric Technology Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Biometric Technology by Region (2018-2023)
8.2 Middle East & Africa Biometric Technology Market Size by Type (2018-2023)
8.3 Middle East & Africa Biometric Technology Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Biometric Technology Market Forecast
10.1 Global Biometric Technology Forecast by Regions (2024-2029)
10.1.1 Global Biometric Technology Forecast by Regions (2024-2029)
10.1.2 Americas Biometric Technology Forecast
10.1.3 APAC Biometric Technology Forecast
10.1.4 Europe Biometric Technology Forecast
10.1.5 Middle East & Africa Biometric Technology Forecast
10.2 Americas Biometric Technology Forecast by Country (2024-2029)
10.2.1 United States Biometric Technology Market Forecast
10.2.2 Canada Biometric Technology Market Forecast
10.2.3 Mexico Biometric Technology Market Forecast
10.2.4 Brazil Biometric Technology Market Forecast
10.3 APAC Biometric Technology Forecast by Region (2024-2029)
10.3.1 China Biometric Technology Market Forecast
10.3.2 Japan Biometric Technology Market Forecast
10.3.3 Korea Biometric Technology Market Forecast
10.3.4 Southeast Asia Biometric Technology Market Forecast
10.3.5 India Biometric Technology Market Forecast
10.3.6 Australia Biometric Technology Market Forecast
10.4 Europe Biometric Technology Forecast by Country (2024-2029)
10.4.1 Germany Biometric Technology Market Forecast
10.4.2 France Biometric Technology Market Forecast
10.4.3 UK Biometric Technology Market Forecast
10.4.4 Italy Biometric Technology Market Forecast
10.4.5 Russia Biometric Technology Market Forecast
10.5 Middle East & Africa Biometric Technology Forecast by Region (2024-2029)
10.5.1 Egypt Biometric Technology Market Forecast
10.5.2 South Africa Biometric Technology Market Forecast
10.5.3 Israel Biometric Technology Market Forecast
10.5.4 Turkey Biometric Technology Market Forecast
10.5.5 GCC Countries Biometric Technology Market Forecast
10.6 Global Biometric Technology Forecast by Type (2024-2029)
10.7 Global Biometric Technology Forecast by Application (2024-2029)
11 Key Players Analysis
11.1 3M Company (Cogent Systems, Inc.)
11.1.1 3M Company (Cogent Systems, Inc.) Company Information
11.1.2 3M Company (Cogent Systems, Inc.) Biometric Technology Product Offered
11.1.3 3M Company (Cogent Systems, Inc.) Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 3M Company (Cogent Systems, Inc.) Main Business Overview
11.1.5 3M Company (Cogent Systems, Inc.) Latest Developments
11.2 Fujitsu Frontech Limited
11.2.1 Fujitsu Frontech Limited Company Information
11.2.2 Fujitsu Frontech Limited Biometric Technology Product Offered
11.2.3 Fujitsu Frontech Limited Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 Fujitsu Frontech Limited Main Business Overview
11.2.5 Fujitsu Frontech Limited Latest Developments
11.3 ImageWare Systems, Inc.
11.3.1 ImageWare Systems, Inc. Company Information
11.3.2 ImageWare Systems, Inc. Biometric Technology Product Offered
11.3.3 ImageWare Systems, Inc. Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 ImageWare Systems, Inc. Main Business Overview
11.3.5 ImageWare Systems, Inc. Latest Developments
11.4 Suprema, Inc.
11.4.1 Suprema, Inc. Company Information
11.4.2 Suprema, Inc. Biometric Technology Product Offered
11.4.3 Suprema, Inc. Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.4.4 Suprema, Inc. Main Business Overview
11.4.5 Suprema, Inc. Latest Developments
11.5 Safran S.A.
11.5.1 Safran S.A. Company Information
11.5.2 Safran S.A. Biometric Technology Product Offered
11.5.3 Safran S.A. Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.5.4 Safran S.A. Main Business Overview
11.5.5 Safran S.A. Latest Developments
11.6 secunet Security Networks AG
11.6.1 secunet Security Networks AG Company Information
11.6.2 secunet Security Networks AG Biometric Technology Product Offered
11.6.3 secunet Security Networks AG Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.6.4 secunet Security Networks AG Main Business Overview
11.6.5 secunet Security Networks AG Latest Developments
11.7 Thales S.A.
11.7.1 Thales S.A. Company Information
11.7.2 Thales S.A. Biometric Technology Product Offered
11.7.3 Thales S.A. Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.7.4 Thales S.A. Main Business Overview
11.7.5 Thales S.A. Latest Developments
11.8 BIO-key International, Inc.
11.8.1 BIO-key International, Inc. Company Information
11.8.2 BIO-key International, Inc. Biometric Technology Product Offered
11.8.3 BIO-key International, Inc. Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.8.4 BIO-key International, Inc. Main Business Overview
11.8.5 BIO-key International, Inc. Latest Developments
11.9 NEC Corporation
11.9.1 NEC Corporation Company Information
11.9.2 NEC Corporation Biometric Technology Product Offered
11.9.3 NEC Corporation Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.9.4 NEC Corporation Main Business Overview
11.9.5 NEC Corporation Latest Developments
11.10 Precise Biometrics
11.10.1 Precise Biometrics Company Information
11.10.2 Precise Biometrics Biometric Technology Product Offered
11.10.3 Precise Biometrics Biometric Technology Revenue, Gross Margin and Market Share (2018-2023)
11.10.4 Precise Biometrics Main Business Overview
11.10.5 Precise Biometrics Latest Developments
12 Research Findings and Conclusion