Biometric System Market by Authentication Type (Single-Factor and Multifactor), Functionality Type (Contact, Non-Contact, and Combined), Component (Hardware and Software), Application, and Geography - Global Forecast to 2023

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Date: 31-Jul-2018
No. of pages: 186
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Biometrics system market to grow at 19.99% CAGR during forecast period

According to the new market research report, the biometrics system market is expected to grow from USD 16.80 billion by 2018 to USD 41.80 billion by 2023, at a CAGR of 19.99% between 2018 and 2023. Biometrics systems are gaining high traction worldwide owing to the growing need for surveillance and security in the private and business sectors. Further, the increasing adoption of voice recognition systems in the banking and financial services are expected to fuel the growth of the market in future. However, high deployment cost acts a restraint for the market growth.

Market for automotive to grow at highest CAGR during 2018–2023

This report has been segmented, on the basis of application, into government, security, and automotive. The growth of the market for the automotive application can be attributed to the increasing number of vehicle theft cases, which is encouraging the vehicle manufacturers to equip their products with biometrics systems, thereby enhancing the security levels for their customers.

Market in RoW to grow at highest CAGR during 2018–2023

The market in RoW is expected to grow at the highest CAGR from 2018to 2023. The increasing need for advanced identity management solutions from various governments in this region to maintain security at border-crossing points (BCP) is the main factor fueling the growth of the biometrics system market in the region. The market in RoW is further segmented into South America, and the Middle East and Africa, which hold a significant growth potential for the market growth. In the Middle East, there is a considerable rate of adoption of biometrics in sectors such as travel and immigration, and banking and finance. As per the article published by the Government of South Africa in September 2016, Airports Company South Africa (ACSA) expanded and upgraded the infrastructure of 9 airports in 2016. To upgrade the existing infrastructure, the airport authority deployed biometrics-enabled automated e-gates to improve the service quality for passengers.

Breakdown of Profiles of Primary Participants


  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%

  • By Designation: C-Level Executives – 50%, Directors – 20%, and Others – 30%

  • By Region: North America – 40%, Europe – 35%, APAC – 15%, and RoW – 10%


Companies profiled in the report are Safran (France), NEC (Japan) Thales (France), Fujitsu (Japan), ASSA ABLOY (Sweden), Precise Biometrics (Sweden), Aware (US), Secunet Security Networks (Germany), Cross Match Technologies (US), and Stanley Black & Decker (France).This report also covers the following prominent players: Cognitec Systems (Germany), Daon (US), Facebanx (UK), BIO-key International (US), Securiport (US), M2SYS Technology (US), Suprema (South Korea), Qualcomm (US), Fulcrum Biometrics (US), and VASCO Data Security International (US).

Research Coverage

Biometrics system covers the following application: government, military and defense, healthcare, banking and finance, consumer electronics, security, travel and immigration, automotive, and others. The market for these systems has also been segmented on the basis of authentication into single-factor authentication and multifactor authentication. On the basis ofsingle-factor authentication, the market has been sub segmented into fingerprint recognition, iris recognition, palm recognition, face recognition, vein recognition, signature recognition, voice recognition, and others. The market for multifactor authentication has been further segmented into smart card with biometrics, pin with biometrics, and multimodal biometrics. The biometrics system market has also been segmented into hardware and software components.

This report also segments and estimates the market on the basis of the following functionality types: contact, non-contact, and combined. The market has been segmented, on the basis of region, into North America, Europe, APAC, and RoW.

Reasons to Buy the Report:


  • This report includes the market statistics pertaining to authentication type, application, functionality type, component, and geography, along with their respective revenues.

  • The report also provides the biometrics system value chain analysis.

  • It details the major drivers, restraints, challenges, and opportunities pertaining to the biometrics system market.

  • The report provides an overall view of the market including illustrative segmentation, analysis, and forecast for the biometrics system market based on authentication type, application, functionality type, component, and geography.

  • The report details the competitive landscape for the top 5 companies in the market, including their revenues.

Biometric System Market by Authentication Type (Single-Factor and Multifactor), Functionality Type (Contact, Non-Contact, and Combined), Component (Hardware and Software), Application, and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Study Objective
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope:
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
2.2.1.2 Approach for Capturing Market Size Considering Various Players in Value Chain of Biometrics System Market
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Biometrics System Market (2018–2023)
4.2 Face Recognition Market for Security, By Application Type
4.3 Contact-Based System Market, By Application
4.4 Market for Travel & Immigration for Single-Factor Authentication, By Type
4.5 Market in APAC, By Application
4.6 North American Biometrics System Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of Government Initiatives to Adopt Biometrics
5.2.1.2 Growing Need for Surveillance and Security Owing to the Threats of Terrorist Attacks
5.2.1.3 Proliferation of Biometric Technology in Applications Such as Financial Institutes, Retail, and Automotive
5.2.1.4 Increased Convenience, Secure Identity Management, and Superior Human Resource Management
5.2.2 Restraint
5.2.2.1 High Deployment Cost
5.2.3 Opportunities
5.2.3.1 Technological Upgrades and Advancements
5.2.4 Challenge
5.2.4.1 Threat of Privacy and Data Breach
5.3 Value Chain Analysis

6 Biometric System Market, By Authentication Type
6.1 Introduction
6.2 Single-Factor Authentication
6.2.1 Fingerprint Recognition
6.2.1.1 AFIS
6.2.1.2 Non-AFIS
6.2.2 IRIS Recognition
6.2.3 Palm Print Recognition
6.2.4 Face Recognition
6.2.5 Vein Recognition
6.2.6 Signature Recognition
6.2.7 Voice Recognition
6.2.8 Others
6.2.8.1 Dna Recognition
6.2.8.2 Keystroke Recognition
6.2.8.3 Gait Recognition
6.2.8.4 Otoacoustic Recognition
6.3 Multifactor Authentication
6.3.1 Smart Card With Biometrics
6.3.2 Pin With Biometrics
6.3.3 Multimodal Biometrics
6.3.3.1 Two-Factor Biometrics
6.3.3.2 Three-Factor Biometrics

7 Biometric System Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Fingerprint Readers
7.2.2 Scanners
7.2.3 Camera
7.2.4 Others (Rfid Reader, Microphone, Speaker, Connectivity IC)
7.3 Software

8 Biometric System Market, By Functionality Type
8.1 Introduction
8.2 Contact Functionality
8.3 Noncontact Functionality
8.4 Combined Functionality

9 Biometric System Market, By Application
9.1 Introduction
9.2 Government
9.3 Military & Defense
9.4 Healthcare
9.5 Banking & Finance
9.6 Consumer Electronics
9.7 Travel & Immigration
9.8 Automotive
9.9 Security
9.9.1 Residential Security
9.9.2 Commercial Security
9.10 Others (Entertainment, Industrial, & Utility)

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape
11.1 Introduction
11.2 Ranking Analysis
11.3 Competitive Scenario
11.3.1 Product Launch, Development, & Deployment
11.3.2 Expansion, Exhibition, Award, & Recognition
11.3.3 Partnership, Agreement, & Contract
11.3.4 Merger & Acquisition

12 Company Profiles
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.1.1 Thales
12.1.2 Safran
12.1.3 NEC
12.1.4 Assa Abloy
12.1.5 Fujitsu
12.1.6 Precise Biometrics
12.1.7 Aware
12.1.8 Secunet Security Networks
12.1.9 Cross Match Technologies
12.1.10 Stanley Black & Decker
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12.2 Other Key Companies
12.2.1 Cognitec Systems
12.2.2 Daon
12.2.3 Facebanx
12.2.4 Bio-Key International
12.2.5 Securiport
12.2.6 M2sys Technology
12.2.7 Suprema
12.2.8 Qualcomm
12.2.9 Fulcrum Biometrics
12.2.10 Vasco Data Security International

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Comparative Account of Various Biometrics Authentication Types
Table 2 Biometrics System Market, By Authentication Type, 2016–2023 (USD Million)
Table 3 Market for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 4 Fingerprint Recognition Market, By Application, 2016–2023 (USD Million)
Table 5 Fingerprint Recognition Market for Security, By Application Type, 2016–2023 (USD Million)
Table 6 Market for Fingerprint Recognition, By Type, 2016–2023 (USD Million)
Table 7 IRIS Recognition Market, By Application, 2016–2023 (USD Million)
Table 8 IRIS Recognition Market for Security, By Application Type, 2016–2023 (USD Million)
Table 9 Palm Recognition Market, By Application, 2016–2023 (USD Million)
Table 10 Palm Recognition Market for Security, By Application Type, 2016–2023 (USD Million)
Table 11 Face Recognition Market, By Application, 2016–2023 (USD Million)
Table 12 Face Recognition Market for Security, By Application Type, 2016–2023 (USD Million)
Table 13 Vein Recognition Market, By Application, 2016–2023 (USD Million)
Table 14 Vein Recognition Market, By Security Application, 2016–2023 (USD Million)
Table 15 Signature Recognition Market, By Application, 2016–2023 (USD Million)
Table 16 Signature Recognition Market, By Security Application, 2016–2023 (USD Million)
Table 17 Voice Recognition Market, By Application, 2016–2023 (USD Million)
Table 18 Voice Recognition Market, By Security Application, 2016–2023 (USD Million)
Table 19 Other Recognition Market, By Application, 2016–2023 (USD Million)
Table 20 Other Recognition Market, By Security Application, 2016–2023 (USD Million)
Table 21 Biometrics System Market for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 22 Smart Card With Biometrics Market, By Application, 2016–2023 (USD Million)
Table 23 Smart Card With Biometrics Market for Security, By Application Type, 2016–2023 (USD Million)
Table 24 Pin With Biometrics Market, By Application, 2016–2023 (USD Million)
Table 25 Pin With Biometrics Market for Security, By Application Type, 2016–2023 (USD Million)
Table 26 Market for Multimodal Authentication, By Type, 2016–2023 (USD Million)
Table 27 Multimodal Biometrics Market, By Application, 2016–2023 (USD Million)
Table 28 Multimodal Biometrics Market, By Security Application, 2016–2023 (USD Million)
Table 29 Biometrics System Market, By Component, 2016–2023 (USD Million)
Table 30 Market for Hardware, By Hardware Component, 2016–2023 (USD Million)
Table 31 Market, By Functionality Type, 2016–2023 (USD Million)
Table 32 Contact Functionality-Based Biometrics System Market, By Authentication Type, 2016–2023 (USD Million)
Table 33 Contact Functionality-Based Market, By Application, 2016–2023, (USD Million)
Table 34 Contact Functionality-Based Market for Security, Application Type, 2016–2023, (USD Million)
Table 35 Noncontact Functionalty-Based Market, By Authentication Type, 2016–2023 (USD Million)
Table 36 Noncontact Functionalty-Based Biometrics System Market, By Application, 2016–2023 (USD Million)
Table 37 Noncontact Functionalty-Based Market for Security, By Application Type, 2016–2023 (USD Million)
Table 38 Combined Functionality-Based Market, By Type, 2016–2023 (USD Million)
Table 39 Combined Functionality-Based Market, By Application, 2016–2023 (USD Million)
Table 40 Combined Functionality-Based Biometrics System Market for Security, By Application Type, (USD Million)
Table 41 Biometrics System Market, Application 2016–2023 (USD Million)
Table 42 Market for Security, By Application Type, 2016–2023 (USD Million)
Table 43 Market for Single-Factor Authentication, By Application, 2016–2023 (USD Million)
Table 44 Single-Factor Authentication-Based Biometrics System Market for Security, Application Type, 2016–2023 (USD Million)
Table 45 Multifactor Authentication-Based Market, By Application, 2016–2023 (USD Million)
Table 46 Multifactor Authentication-Based Market for Security, By Application Type, 2016–2023, (USD Million)
Table 47 Biometrics System Market for Government for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 48 Market for Government for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 49 Market for Government, By Region, 2016–2023, (USD Million)
Table 50 Market for Military and Defense for Single-Factor Authentication, By Type, 2016–2023, (USD Million)
Table 51 Biometrics System Market for Military and Defense for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 52 Market for Military and Defense, By Region, 2016–2023 (USD Million)
Table 53 Market for Healthcare for Single-Factor Authentication, By Type, 2016–2023, (USD Million)
Table 54 Market for Healthcare for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 55 Biometrics System Market for Healthcare, By Region, 2016–2023 (USD Million)
Table 56 Market for Banking and Finance for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 57 Market for Banking and Finance for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 58 Market for Banking and Finance, By Region, 2016–2023 (USD Million)
Table 59 Biometrics System Market for Consumer Electronics for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 60 Market for Consumer Electronics for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 61 Market for Consumer Electronics, By Region, 2016–2023, (USD Million)
Table 62 Market for Travel and Immigration for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 63 Biometrics System Market for Travel and Immigration for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 64 Market for Travel and Immigration, By Region, 2016–2023, (USD Million)
Table 65 Market for Automotive for Single-Factor Authentication, By Type, 2016–2023, (USD Million)
Table 66 Market for Automotive for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 67 Biometrics System Market for Automotive, By Region, 2016–2023 (USD Million)
Table 68 Market for Security for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 69 Market for Security for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 70 Market for Security, By Region, 2016–2023 (USD Million)
Table 71 Biometrics System Market for Residential Security for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 72 Market for Residential Security for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 73 Market for Residential Security, By Region, 2016–2023 (USD Million)
Table 74 Market for Commercial Security for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 75 Biometrics System Market for Commercial Security for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 76 Market for Commercial Security, By Region, 2016–2023 (USD Million)
Table 77 Market for Others for Single-Factor Authentication, By Type, 2016–2023 (USD Million)
Table 78 Market for Others for Multifactor Authentication, By Type, 2016–2023 (USD Million)
Table 79 Biometrics System Market for Others, By Region, 2016–2023 (USD Million)
Table 80 Market, By Region, 2016–2023, (USD Million)
Table 81 Market in North America, By Country, 2016–2023, (USD Million)
Table 82 Market in North America, By Application, 2016–2023, (USD Million)
Table 83 Biometrics System Market in Europe, By Country,2016–2023 (USD Million)
Table 84 Market in Europe, By Application,2016–2023, (USD Million)
Table 85 Market in APAC, By Country, 2016–2023 (USD Million)
Table 86 Market in APAC, By Application, 2016–2023, (USD Million)
Table 87 Biometrics System Market in RoW, By Region, 2016–2023 (USD Million)
Table 88 Market in RoW, By Application, 2016–2023 (USD Million)
Table 89 Ranking of Top 5 Players in Biometrics System Market (2017)
Table 90 Product Launch, Development, and Deployment (2015–2018)
Table 91 Expansion, Exhibition, Award, and Certification (2016–2018)
Table 92 Partnership, Agreement, and Contract (2015–2018)
Table 93 Merger and Acquisition (2016–2018)

List of Figures

Figure 1 Biometrics System Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Biometrics System Market for Multifactor Authentication to Grow at Higher CAGR Between 2018 and 2023
Figure 6 Fingerprint Recognition to Hold Largest Size of Biometrics Market for Single-Factor Authentication By 2023
Figure 7 Pin With Biometrics to Hold Largest Size of Biometrics Market for Multifactor Authentication By 2023
Figure 8 Travel and Immigration to Hold Largest Size of Biometrics Market Between 2018 and 2023
Figure 9 Contact Functionality Type to Hold Largest Size of Biometrics Market Between 2018 and 2023
Figure 10 Market for Software to Grow at Higher CAGR Between 2018 and 2023
Figure 11 North America Held Largest Share of Biometrics System Market in 2017
Figure 12 Increased Convenience, Better Identity, and Superior Human Resource Management is Driving Market
Figure 13 Commercial Security to Hold Larger Size of Face Recognition Market By 2023
Figure 14 Contact-Based Market for Others to Grow at Highest CAGR Between 2018 and 2023
Figure 15 Fingerprint Recognition to Hold Largest Size of Market for Travel and Immigration Between 2018 and 2023
Figure 16 Government to Hold Largest Size of Biometrics System Market in APAC By 2023
Figure 17 US to Hold Largest Size of North American Biometrics System Market By 2023
Figure 18 Government Initiatives to Adapt Biometrics Drives Growth of Market
Figure 19 Biometrics System Value Chain , 2017
Figure 20 Single-Factor Authentication to Hold Larger Size of Biometric System Market Between 2018 and 2023
Figure 21 Fingerprint Recognition Biometric System Market for Commercial Security to Grow at Higher CAGR Between 2018 and 2023
Figure 22 Vein Recognition Market for Automotive to Grow at Highest CAGR Between 2018 and 2023
Figure 23 Multimodal to Grow at Highest CAGR Between 2018 and 2023
Figure 24 Three-Factor Biometrics Market to Grow at Higher CAGR During Forecast Period
Figure 25 Software to Hold Larger Size of Biometric System Market By 2023
Figure 26 Biometrics Hardware Market for Cameras to Grow at Highest CAGR During Forecast Period
Figure 27 Noncontact Functionality Held Largest Size of Biometric System Market Between 2018 and 2023
Figure 28 Face Recognition Held Largest Size of Market for Noncontact Functionality Between 2018 and 2023
Figure 29 Multifactor Authentication Held Largest Size of Biometric System Market for Combined Functionality Between 2018 and 2023
Figure 30 Government Held Largest Size of Biometrics System Market Between 2018 and 2023
Figure 31 Fingerprint Recognition Held Largest Size of Biometric System Market for Government During 2018–2023
Figure 32 Biometrics System Market for Healthcare in RoW to Grow at Highest CAGR During Forecast Period
Figure 33 Multimodal Market for Travel and Immigration to Grow Highest CAGR Between 2018 and 2023
Figure 34 Market for Commercial Security in RoW to Grow at Highest CAGR Between 2018 and 2023
Figure 35 Geographic Snapshot of Market, 2018–2023
Figure 36 North America: Biometrics System Market Snapshot
Figure 37 Europe: Market Snapshot
Figure 38 APAC: Market Snapshot
Figure 39 Middle East and Africa to Dominate Biometrics System Market in RoW During 2018–2023
Figure 40 Product Launch and Development as Key Strategy Adopted By Players in Market (2015–2018)
Figure 41 Thales : Company Snapshot
Figure 42 Safran: Company Snapshot
Figure 43 NEC: Company Snapshot
Figure 44 Assa Abloy: Company Snapshot
Figure 45 Fujitsu: Company Snapshot
Figure 46 Precise Biometrics: Company Snapshot
Figure 47 Aware: Company Snapshot
Figure 48 Secunet Security Networks: Company Snapshot
Figure 49 Stanley Black & Decker: Company Snapshot

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