Global Biometric Systems Market Growth 2023-2029

Global Biometric Systems Market Growth 2023-2029

Product Code:454307

Published Date: Feb 08,2023

Pages: 109

Region: Global

Category: Electronics & Semiconductor

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Biometrics is the science and technology of measuring and statistically analyzing biological data. In information technology, biometrics usually refers to technologies for measuring and analyzing human body characteristics such as fingerprints, eye retinas and irises, voice patterns, facial patterns, and hand measurements, especially for authentication purposes.

A biometric system is a technological system that uses information about a person (or other biological organism) to identify that person. Biometric systems rely on specific data about unique biological traits in order to work effectively. A biometric system will involve running data through algorithms for a particular result, usually related to a positive identification of a user or other individual.

LPI (LP Information)' newest research report, the “Biometric Systems Industry Forecast” looks at past sales and reviews total world Biometric Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Systems sales for 2023 through 2029. With Biometric Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Systems industry.

This Insight Report provides a comprehensive analysis of the global Biometric Systems 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 Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biometric Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Systems 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 Systems.

The global Biometric Systems market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In US,Biometric Systems key players include Apple(AuthenTec), Synaptics, Morpho Safran Group, HID Global Corporation, NEC, etc. The top five manufacturers hold a share over 80%.

In terms of product, Fingerprint Identification is the largest segment, with a share over 90%. And in terms of application, the largest application is Consumer electronics, followed by Biometric equipment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Fingerprint Identification
    Facial Recognition
    Voice Identification
    Vein Recognition
    Iris Recognition
    Others

Segmentation by application
    Consumer Electronics
    Biometric Equipment
    Others

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.
    Apple (AuthenTec)
    Fingerprint Cards
    Fujitsu
    HID Global Corporation
    IrisGuard
    Kaba Group
    M2SYS
    Morpho Safran Group
    NEC
    Precise Biometrics
    Secugen
    Suprema
    Synaptics
    ZK

Key Questions Addressed in this Report
What is the 10-year outlook for the global Biometric Systems market?
What factors are driving Biometric Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Biometric Systems market opportunities vary by end market size?
How does Biometric Systems break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?