Global Biometric Chip Market Growth 2023-2029

Global Biometric Chip Market Growth 2023-2029

The global Biometric Chip market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Biometric Chip is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Biometric Chip is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Biometric Chip is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Biometric Chip players cover Access, Security & Parking Systems, Inc. (ASPS), AlpVision SA, BIO-key International, Inc., Centeye, Inc., EgisTech Inc., Midas Touch, Inc., Novasentis, Inc., Owlstone Inc. and Valencell, Inc., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Biometric sensors are semiconductors with embedded algorithms that are used in security systems or environments that require user authentication. They produce electrical signals from fingerprints or other physical characteristics in biometric access control systems. Biometric sensors consist of an array of tiny electrodes and an analog-to-digital converter (ADC) that digitizes information from the sensor array. In fingerprint access control systems, the user presses an index finger to a scanning device that includes a biometric sensor. The varying capacitive values across the sensor array are then converted into an image of the fingerprint. Other components of the biometric access control system then compare the image to a stored template.  

LPI (LP Information)' newest research report, the “Biometric Chip Industry Forecast” looks at past sales and reviews total world Biometric Chip sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Chip sales for 2023 through 2029. With Biometric Chip sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Chip industry.

This Insight Report provides a comprehensive analysis of the global Biometric Chip landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric Chip portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biometric Chip market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Chip and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric Chip.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Chip market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Fingerprint Recognition
Face Recognition
Others

Segmentation by application
Computer and Network Security
Building and Facility Access
Mobile Device Security
Identification
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Access, Security & Parking Systems, Inc. (ASPS)
AlpVision SA
BIO-key International, Inc.
Centeye, Inc.
EgisTech Inc.
Midas Touch, Inc.
Novasentis, Inc.
Owlstone Inc.
Valencell, Inc.
Zetes Industries

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biometric Chip market?

What factors are driving Biometric Chip market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biometric Chip market opportunities vary by end market size?

How does Biometric Chip break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.