Demand for biometric scanning systems is growing due to the falling cost and growing accuracy of biometric technology. However, the outbreak of COVID-19 disrupted this growth because of its effects on key downstream markets like airports and law enforcement. Government spending on defence and domestic surveillance has supported industry revenue. Over the five years through 2022-23, industry revenue is projected to decline at a compound annual rate of 1.2% to £562.6 million. Companies in this industry develop software for biometric technologies specifically related to automated fingerprint identification systems (AFISs), non-AFIS finger scanners, hand geometry readers, iris and retinal scanners, and facial recognition systems.Better Recognition: The Reintroduction of International Tourism is Forecast to Help Industry Revenue Grow by 1% in 2022-23
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
OPERATING CONDITIONS
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- IDEMIA UK Ltd
Methodology
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