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 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 and markets for different types of biometric technologies and devices. The applications for each type of biometric technology are discussed with a view to establishing global as well as regional usage. A future forecast has been made for such applications.
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 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.
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 technological 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 are discussed in detail, along with the markets for these sectors.
Analyst Credentials
The author of this report is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He has set up factories for the production of weighing machines and dynamic balancing machines in India and has experience in the design, production and servicing of the above equipment. He was senior vice president of M/S Schenck Avery Ltd., an Indo-German joint venture, and set up the electronics department for manufacturing various types of electronic weighing and dynamic balancing equipment. He has authored several technology market research reports for BCC Research.
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
-
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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