Global Consumer Biometrics Market 2024-2028
Consumer Biometrics Market 2024-2028
The consumer biometrics market is forecasted to grow by USD 10529.7 mn during 2023-2028, accelerating at a CAGR of 32.2% during the forecast period. The report on the consumer biometrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of smartphones, emergence of in-display fingerprint scanners, and increasing mobile payment transactions.
Technavio's consumer biometrics market is segmented as below:
By Application
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emergence of biometric-enabled payment cards as one of the prime reasons driving the consumer biometrics market growth during the next few years. Also, integration of consumer biometrics in automotive vehicles and emergence of multimodal biometric technologies will lead to sizable demand in the market.
The report on the consumer biometrics market covers the following areas:
- Consumer Biometrics Market sizing
- Consumer Biometrics Market forecast
- Consumer Biometrics Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading consumer biometrics market vendors that include Allegion Access Technologies, Apple Inc., ASSA ABLOY AB, Aware Inc., IDEMIA France SAS, IDEX Biometrics ASA, Leidos Holdings Inc., NEC Corp., NEXT Biometrics Group ASA, Nuance Communications Inc., OmniVision Technologies Inc., ON Semiconductor Corp., Precise Biometrics AB, Princeton Identity, Qualcomm Inc., Safran SA, Shenzhen Goodix Technology Co. Ltd, STMicroelectronics International NV, Synaptics Inc., and Thales Group. Also, the consumer biometrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.