Global Consumer Biometrics Market Size study & Forecast, by Sensing Module (Fingerprint, Face Recognition, Eye/Iris Recognition), by End Users (Automotive, Smartphone/Tablet, Pc/Laptop, Wearables, IoT Devices, Other End Users), and Regional Analysis, 2022

Global Consumer Biometrics Market Size study & Forecast, by Sensing Module (Fingerprint, Face Recognition, Eye/Iris Recognition), by End Users (Automotive, Smartphone/Tablet, Pc/Laptop, Wearables, IoT Devices, Other End Users), and Regional Analysis, 2022-2029

Global Consumer Biometrics Market is valued at approximately USD 2789.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 17.2% over the forecast period 2022-2029. Consumer Biometrics is used as a mainstream consumer technology and is becoming more significant for security experts. Most consumers prefer biometrics authentication over Password-based security. There are several consumer electronic devices based on Biometrics which include security systems, access control door locks, and more. Biometrics are physical characteristics that differ in every person and are thereby used for automated recognition and security systems. The main use for consumer biometrics is identification and authentication. Increasing digitization, Expanding Applications of Biometrics, and technological innovations in biometrics are the major factors driving the growth of the market.

According to Petroc Taylor (research expert), Overall spending on digital transformation grew by 10.4% annually in 2020 to reach 1.3 trillion U.S. dollars. Increasing digitization led to an increase in the usage of devices which further increase the demand for consumer biometrics. According to Justina Alexandra Sava (Research expert), in 2020, 80% of active mobile phones in North America, Western Europe, and Asia Pacific were designed with biometric authentication systems. The global biometrics system market was valued at around 43 billion U.S. dollars in 2022 and was estimated to double in the forecast period. Increasing digitization and Expanding Applications of Biometrics are the main factors driving the growth of the market. Another important component driving market increase is technological innovations. Increasing demand for the availability of biometrics and increasing ease and convenience of biometrics are the factors creating major market opportunities in the forecast period. However, the risk of data security and privacy stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Consumer Biometrics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of increasing demand for fingerprints sensor in mobile phones, owing to the dominance of manufacturing biometrics sensors and the region's increasing investment in integrating consumer biometric solutions. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising security and advanced user experience. For Instance, in 2022, around 46% of respondents in the region ensured the implementation of biometrics authentication tools.

Major market player included in this report are:
Apple Inc.
Synaptics Inc.
Shenzhen Goodix Technology Co. Ltd
IDEX Biometrics ASA
Infineon Technologies India Pvt Ltd.
Princeton Identity
Egis Technologies Inc.
Qualcomm Incorporated
STMicroelectronics NV
Assa Abloy AB
Recent Developments in the Market:
In January 2023 2019, Synaptics Inc. launched fingerprint biometrics for the automotive industry thereby expanding its base into the automotive sector.
In June 2019, ASSA ABLOY acquired De La Rue, a leading passport manufacturer in the UK, to add Strategic technology to the company.

Global Consumer Biometrics Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Sensing Module, End Users, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Sensing Module offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sensing Module:
Fingerprint
Face Recognition
Eye/Iris Recognition
By End Users:
Automotive
Smartphone/Tablet
Pc/Laptop
Wearables
IoT Devices
Other End Users
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
Apple Inc.
Synaptics Inc.
Shenzhen Goodix Technology Co. Ltd
IDEX Biometrics ASA
Infineon Technologies India Pvt Ltd.
Princeton Identity
Egis Technologies Inc.
Qualcomm Incorporated
STMicroelectronics NV
Assa Abloy AB

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