Next Generation Biometrics Market

Next Generation Biometrics Market by Type of Solutions (Signature Recognition, Face Recognition, Iris Recognition, Fingerprint Recognition, Palm Print Recognition, and Others), End-user Verticals (Healthcare, Government, Defense, Consumer Electronics, Travel & Immigration, Banking & Finance, Home Security, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa)–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-1871
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 190
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The next generation biometrics market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, rising theft activity in crucial data, increasing threat to national security, and rising usages of next generation biometrics in criminal identification.

Next Generation Biometrics Market key takeaways

Human characteristics related to calculations & measurements of body in biometrics. As an access control & identification in computer science the biometric authentication is used. For identifications of individuals in groups & keeping people under surveillance the biometric system is used. It is also applied for criminal investigation by Interpol, FBI, and other law enforcement agencies. Voice recognition, fingerprints, gait, and iris & facial recognition are the most common biometric technologies used by law enforcement agencies.

The Covid-19 pandemic affected the demand and supply of next generation biometrics market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing use of next generation biometric devices in healthcare is projected to boost the market.
  • Rising usages of biometrics in smartphones is the major factor fueling the market.
  • Lack of awareness about the next generation biometrics is projected to restrict the market expansion during the forecast period.
  • High price of biometrics is anticipated to hamper the market growth in the coming years.
  • R&D investment and technological advancement in next generation biometrics market is projected to offer lucrative opportunities for the market players

Scope of the Report

The report on the next generation biometrics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Next Generation Biometrics Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018-2019

Forecast Period

2021-2028

Segmentation

Type of Solutions (Signature Recognition, Face Recognition, Iris Recognition, Fingerprint Recognition, Palm Print Recognition, and Others), End-user Verticals (Healthcare, Government, Defense, Consumer Electronics, Travel & Immigration, Banking & Finance, Home Security, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players covered in the Report

Safran SA; Thales Group; Siemens AG; Fingerprint Cards AB; RCG Holdings Ltd.; Fujitsu Ltd.; Cross Match Technologies; and Suprema Inc.

 

Market Segment Insights

The fingerprint recognition segment accounts for key share of the market

Based on type of solutions, the next generation biometrics market is categorized into signature recognition, face recognition, iris recognition, fingerprint recognition, palm print recognition, and others. The fingerprint recognition segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing technological advancement in next generation biometric. However, the face recognition segment is anticipated to expand at a rapid pace during the forecast period due to rapid expansion in development & research, wide range of applications in healthcare industry, and increasing per capita income.

The banking & finance segment is anticipated to hold significant market share

On the basis of end-user verticals, the market is divided into healthcare, government, defense, consumer electronics, travel & immigration, banking & finance, home security, and others. The banking & finance segment accounts for a significant share of the market. Growth of the market is attributed to increasing applications of biometric in airport security and commercialization of various scan based electronic devices such as notebooks & smartphones. The healthcare segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising demand for biometrics from banking sector, increasing investment by government & private sectors, and increasing population.

Next Generation Biometrics Market by end user verticals

North America is estimated to hold major market share

On the basis of region, the next generation biometrics market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is estimated to expand at a high CAGR during the forecast period due to factors such as rapid growth in e-commerce passport programs and increasing number of terrorist activities. The market of North America is estimated to hold a major market share due to presence of key market players, rapid industrialization, and increasing per capita income.

Next Generation Biometrics Market by Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Next Generation Biometrics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Next Generation Biometrics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Next Generation Biometrics Market - Supply Chain
  4.5. Global Next Generation Biometrics Market Forecast
     4.5.1. Next Generation Biometrics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Next Generation Biometrics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Next Generation Biometrics Market Absolute $ Opportunity
5. Global Next Generation Biometrics Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Next Generation Biometrics Market Size and Volume Forecast by End Users
     5.3.1. Healthcare
     5.3.2. Government
     5.3.3. Defense
     5.3.4. Consumer Electronics
     5.3.5. Travel & Immigration
     5.3.6. Banking & Finance
     5.3.7. Home Security
     5.3.8. Others&l
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Next Generation Biometrics Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Next Generation Biometrics Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Next Generation Biometrics Demand Share Forecast, 2019-2026
7. North America Next Generation Biometrics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Next Generation Biometrics Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Next Generation Biometrics Market Size and Volume Forecast by End Users
     7.4.1. Healthcare
     7.4.2. Government
     7.4.3. Defense
     7.4.4. Consumer Electronics
     7.4.5. Travel & Immigration
     7.4.6. Banking & Finance
     7.4.7. Home Security
     7.4.8. Others&l
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Next Generation Biometrics Demand Share Forecast, 2019-2026
8. Latin America Next Generation Biometrics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Next Generation Biometrics Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Next Generation Biometrics Market Size and Volume Forecast by End Users
     8.4.1. Healthcare
     8.4.2. Government
     8.4.3. Defense
     8.4.4. Consumer Electronics
     8.4.5. Travel & Immigration
     8.4.6. Banking & Finance
     8.4.7. Home Security
     8.4.8. Others&l
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Next Generation Biometrics Demand Share Forecast, 2019-2026
9. Europe Next Generation Biometrics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Next Generation Biometrics Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Next Generation Biometrics Market Size and Volume Forecast by End Users
     9.4.1. Healthcare
     9.4.2. Government
     9.4.3. Defense
     9.4.4. Consumer Electronics
     9.4.5. Travel & Immigration
     9.4.6. Banking & Finance
     9.4.7. Home Security
     9.4.8. Others&l
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Next Generation Biometrics Demand Share Forecast, 2019-2026
10. Asia Pacific Next Generation Biometrics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Next Generation Biometrics Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Next Generation Biometrics Market Size and Volume Forecast by End Users
     10.4.1. Healthcare
     10.4.2. Government
     10.4.3. Defense
     10.4.4. Consumer Electronics
     10.4.5. Travel & Immigration
     10.4.6. Banking & Finance
     10.4.7. Home Security
     10.4.8. Others&l
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Next Generation Biometrics Demand Share Forecast, 2019-2026
11. Middle East & Africa Next Generation Biometrics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Next Generation Biometrics Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Next Generation Biometrics Market Size and Volume Forecast by End Users
     11.4.1. Healthcare
     11.4.2. Government
     11.4.3. Defense
     11.4.4. Consumer Electronics
     11.4.5. Travel & Immigration
     11.4.6. Banking & Finance
     11.4.7. Home Security
     11.4.8. Others&l
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Next Generation Biometrics Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Next Generation Biometrics Market: Market Share Analysis
  12.2. Next Generation Biometrics Distributors and Customers
  12.3. Next Generation Biometrics Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Safran SA
     12.4.2. Thales Group
     12.4.3. Siemens AG
     12.4.4. Fingerprint Cards AB
     12.4.5. RCG Holdings Ltd.
     12.4.6. Fujitsu Ltd.
     12.4.7. Cross Match Technologies
     12.4.8. Suprema Inc.

Segments Covered in the Report
The next generation biometrics market has been segmented on the basis of

Types Of Solutions

  • Signature Recognition
  • Face Recognition
  • Iris Recognition
  • Fingerprint Recognition
  • Palm Print Recognition
  • Others

End-user Verticals

  • Healthcare
  • Government
  • Defense
  • Consumer Electronics
  • Travel & Immigration
  • Banking & Finance
  • Home Security
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Safran SA
  • Thales Group
  • Siemens AG
  • Fingerprint Cards AB
  • RCG Holdings Ltd.
  • Fujitsu Ltd.
  • Cross Match Technologies
  • Suprema Inc.

Key players competing in the next generation biometrics market include Safran SA; Thales Group; Siemens AG; Fingerprint Cards AB; RCG Holdings Ltd.; Fujitsu Ltd.; Cross Match Technologies; and Suprema Inc.

Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Next Generation Biometrics Market key players

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