The biometric market has undergone significant change in recent years, with biometric systems evolving from traditional fingerprint based identification to advanced face, voice, and vein recognition system. The rising wave of new identification technologies, such as iris, face, and voice recognition are creating significant potential in smartphone and wearable electronics applications, and driving the demand for biometric technology.
In the biometric market, various identification technologies, such as fingerprint, automated fingerprint identification system (AFIS), iris recognition, facial recognition, hand geometry, vein recognition, signature recognition, and voice recognition are used for identification and access control for various applications. Increasing focus on safety and security in private and business sectors related to unauthorized access, growth in the e-passport program for personal identification, and growing adaption of voice recognition systems in the banking and financial services sector are creating new opportunities for various biometric technologies.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the biometric market.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the biometric market by application, technology, and region as follows:
- Technology Readiness by Technology Type
- Competitive Intensity and Regulatory Compliance
- Disruption Potential by Technology Type
Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
- Fingerprint
- AFIS
- Iris Recognition
- Facial Recognition
- Hand Geometry
- Vein Recognition
- Signature recognition
- Voice Recognition
- Others
Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
- Public Sector
- Banking and Financial Sector
- Healthcare
- IT and Telecommunication
- Others
Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Biometric Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the biometric companies profiled in this report include afran, NEC Corporation, 3M Cogent, Precise Biometrics, and Fujitsu Ltd.
This report answers the following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the biometric market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in the biometric market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in the biometric market?
Q.6 What are the latest developments in biometric technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this biometric market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this biometric technology space?
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Table of Contents
1. Executive Summary
Companies Mentioned
- Safran
- NEC Corporation
- 3M Cogent
- Precise Biometrics
- Fujitsu Ltd
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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