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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 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.
Some of the latest technological developments by various countries in the biometric market are as follows:
  • United States: IDEMIA, a leading biometrics company, announced advancements in its facial recognition technology, enhancing accuracy and speed for identity verification in various sectors including law enforcement and border control.
  • China: Hanwang Technology Ltd. introduced its latest iris recognition technology, offering high accuracy and reliability for access control and attendance management systems in corporate and government sectors.
  • India: NEC Corporation announced the deployment of its automated fingerprint identification system (AFIS) technology for law enforcement agencies in India, enabling rapid and accurate fingerprint matching for criminal identification.
  • United Kingdom: Facewatch, a UK-based company, introduced its facial recognition technology for retail security applications, enabling real-time identification of known offenders and enhancing crime prevention measures.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the biometric market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.          
 

 
Biometric Technology Market

Biometric Technology Segments


Biometric Technology Heat Map


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
    • Fingerprint
    • AFIS
    • Iris Recognition
    • Facial Recognition
    • Hand Geometry
    • Vein Recognition
    • Signature recognition
    • Voice Recognition
    • Others
  • Banking and Financial Sector
    • Fingerprint
    • AFIS
    • Iris Recognition
    • Facial Recognition
    • Hand Geometry
    • Vein Recognition
    • Signature recognition
    • Voice Recognition
    • Others
  • Healthcare
    • Fingerprint
    • AFIS
    • Iris Recognition
    • Facial Recognition
    • Hand Geometry
    • Vein Recognition
    • Signature recognition
    • Voice Recognition
    • Others
  • IT and Telecommunication
    • Fingerprint
    • AFIS
    • Iris Recognition
    • Facial Recognition
    • Hand Geometry
    • Vein Recognition
    • Signature recognition
    • Voice Recognition
    • Others
  • 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.
Below are the latest technological developments from top companies in the biometric market:
  • IDEMIA, a global leader in biometric solutions, unveiled its latest fingerprint recognition technology, featuring improved accuracy and speed for identity verification in various applications such as access control and mobile devices.
  • NEC Corporation announced enhancements to its AFIS technology, enabling faster and more accurate fingerprint matching for law enforcement agencies worldwide. The new features aim to improve criminal identification processes.
  • Hanwang Technology Ltd., a leading provider of biometric solutions, introduced its latest iris recognition technology, offering high accuracy and reliability for access control and attendance management systems.
  • Facewatch, a UK-based company specializing in facial recognition technology, launched its latest facial recognition system for the retail security applications. The system enables real-time identification of known offenders to enhance crime prevention measures.
  • Nuance Communications, a pioneer in voice recognition technology, announced advancements in its voice biometrics solutions, offering improved accuracy and security for authentication in the call center and banking applications.
 
This report answers 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 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 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?
Table of Contents

1. Executive Summary

2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain

3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Biometric Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance  

4. Technology Trends and h Forecasts Analysis from 2018-2030
4.1. Biometric Opportunity
4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
4.2.1. Fingerprint
4.2.2. AFIS
4.2.3. Iris Recognition
4.2.4. Facial Recognition
4.2.5. Hand Geometry
4.2.6. Vein Recognition
4.2.7. Signature recognition
4.2.8. Voice Recognition
4.2.9. Others
4.3. Technology Trends (2018-2023) and Forecasts (2024-2030) by Application Segments
4.3.1. Public Sector
4.3.1.1. Fingerprint
4.3.1.2. AFIS
4.3.1.3. Iris Recognition
4.3.1.4. Facial Recognition
4.3.1.5. Hand Geometry
4.3.1.6. Vein Recognition
4.3.1.7. Signature recognition
4.3.1.8. Voice Recognition
4.3.1.9. Others
4.3.2. Banking and Financial Sector
4.3.2.1. Fingerprint
4.3.2.2. AFIS
4.3.2.3. Iris Recognition
4.3.2.4. Facial Recognition
4.3.2.5. Hand Geometry
4.3.2.6. Vein Recognition
4.3.2.7. Signature recognition
4.3.2.8. Voice Recognition
4.3.2.9. Others
4.3.3. Healthcare
4.3.3.1. Fingerprint
4.3.3.2. AFIS
4.3.3.3. Iris Recognition
4.3.3.4. Facial Recognition
4.3.3.5. Hand Geometry
4.3.3.6. Vein Recognition
4.3.3.7. Signature recognition
4.3.3.8. Voice Recognition
4.3.3.9. Others
4.3.4. IT and Telecommunication
4.3.4.1. Fingerprint
4.3.4.2. AFIS
4.3.4.3. Iris Recognition
4.3.4.4. Facial Recognition
4.3.4.5. Hand Geometry
4.3.4.6. Vein Recognition
4.3.4.7. Signature recognition
4.3.4.8. Voice Recognition
4.3.4.9. Others
4.3.5. Others
4.3.5.1. Fingerprint
4.3.5.2. AFIS
4.3.5.3. Iris Recognition
4.3.5.4. Facial Recognition
4.3.5.5. Hand Geometry
4.3.5.6. Vein Recognition
4.3.5.7. Signature recognition
4.3.5.8. Voice Recognition
4.3.5.9. Others

5. Technology Opportunities (2018-2030) by Region
5.1. Biometric Market by Region
5.2. North American Biometric Technology Market
5.2.1. United States Biometric Technology Market
5.2.2. Canadian Biometric Technology Market
5.2.3. Mexican Biometric Technology Market
5.3. European Biometric Technology Market
5.3.1. The United Kingdom Biometric Technology Market
5.3.2. German Biometric Technology Market
5.3.3. French Biometric Technology Market
5.4. APAC Biometric Technology Market
5.4.1. Chinese Biometric Technology Market
5.4.2. Japanese Biometric Technology Market
5.4.3. Indian Biometric Technology Market
5.4.4. South Korean Biometric Technology Market
5.5. ROW Biometric Technology Market

6. Latest Developments and Innovations in the Biometric Technologies

7. Companies / Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach

8. Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Biometric Market by Technology
8.2.2. Growth Opportunities for the Biometric Market by Application
8.2.3. Growth Opportunities for the Biometric Market by Region
8.3. Emerging Trends in the Biometric Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Biometric Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Biometric Market

9. Company Profiles of Leading Players
9.1: Safran
9.2: NEC Corporation
9.3: 3M Cogent
9.4: Precise Biometrics
9.5: Fujitsu Ltd
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's 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 this 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 Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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