Consumer Biometrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Consumer Biometrics Market is segmented by Sensing Module (Fingerprint, Face Recognition, Eye/Iris Recognition), End-User (Automotive, Smartphone/Tablet, PC/Laptop, Wearables, IoT Devices, Other End Users), and Geography.

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Consumer Biometrics Market Size

Consumer Biometrics Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 17.20 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Consumer Biometrics Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Consumer Biometrics Market Analysis

The Consumer Biometrics Market has shipped 2380.3 million units in 2020 and is expected to reach 6025.217 million units shipment by 2026, registering a CAGR of 17.2%, during the period of 2021 - 2026 . Rising demand for ease and convenience, availability, and reachability of biometrics is expected to create opportunities for the market further. According to the findings of a survey commissioned by VISA, consumers are ready to leave the password behind. 70% of consumers believe that biometrics are always more comfortable as they do not involve memorizing passwords. More than 65% of consumers are already familiar with biometrics, while 86% are interested in using biometrics to verify the identity or to make payments.

  • The increasing connectivity and digitization have increased customer interactions with devices and services, which is further demanding identity authentication for access. The increasing awareness of the need for sophisticated biometric security, widening the scope of applications of biometrics technology in consumer electronics, to improve customer experiences, and technological advancements are expected to drive the growth of the market over the forecast period.
  • The rapid proliferation of the internet and the growth of mobile devices has led to increased payments through mobile. This mode of payment is anticipated to experience significant growth over the next few years.
  • For instance, according to GSMA, the number of smartphone subscribers in North America is expected to reach 328 million by 2025. Moreover, by 2025, the region is likely to witness an increase in the penetration rates of mobile subscribers (86%) and the internet (80%), the second-highest in the world. Additionally, according to GSMA, by 2025, Europe is estimated to have the highest rate of penetration of the internet (82%) and smartphones (88%).
  • The increasing penetration of smartphones, which are equipped with fingerprint sensors, is among the prominent driver for the growth of fingerprint sensors. According to the Credit Suisse report, in 2018, the shipment of smartphones with fingerprint sensors worldwide stood at 1,082 million units.

Consumer Biometrics Market Trends

This section covers the major market trends shaping the Consumer Biometrics Market according to our research experts:

Fingerprint Sensing Modules to Hold the Major Share

  • Devices used for fingerprint biometrics provide the users with increased convenience, availability, and reachability of embedded biometrics. The demand for fingerprint sensing modules for consumer authentication is expected to witness significant growth over the forecast period on account of the increasing demand for biometric technology for access management, need for better security, and change in consumer preference for new technologies with a personalized experience.
  • Smartphones, in that row, have witnessed an increasingly growing trend in this technology over the past five years. This technology has been leveraged to facilitate online transactions, authentication, and many other services.
  • A survey conducted on 1,000 US adults by Veridium to understand biometric consumer sentiment indicated that their most preferred form of biometric identification on their phones is the fingerprint, at 63%. Other forms of identification are ranked way below, such as facial recognition (14%), traditional passwords and PINs (8%), and voice recognition (2%).
  • The market studied has seen various technological developments in smartphones from a separate fingerprint scanner to an in-display fingerprint scanner. Vivo, a Chinese Smartphone brand, was the first to implement in-display fingerprint. Starting with the launch of the iPhone 5S, which had a TouchID capacitive technology, many other next-generation smartphones have incorporated multiple biometric options that users can set for different purposes.
Consumer Biometrics Market Trends

Asia-Pacific to be the Largest and Fastest Growing Market

  • Asia-Pacific has the largest population of all the regions. With an increase in the urban population and increased purchasing power, Asia-Pacific is expected to be one of the largest and fastest growing markets for consumer biometrics.
  • Major smartphone companies, including Huawei, Apple, Samsung, Xiaomi, and Lenovo has its manufacturing facilities in China. With the continuous increase in smartphone sales, the demand for fingerprint sensors to be embedded into smartphones is expected to increase in the country.
  • Seeking the growing opportunities in the market, the companies in the region are manufacturing biometric sensors. For instance, in December 2019, Chinese sensor manufacturer Goodix introduced its latest ultra-thin optical in-display fingerprint sensor by integrating it in Oneplus 7T pro 5G Mclaren.
  • Automotive companies in the region are actively investing in integrating consumer biometric solutions in their upcoming vehicles. For instance, Xiaopeng Motors has introduced its P7 model, which has an embedded fingerprint sensor in the handlebar.
Consumer Biometrics Market Growth

Consumer Biometrics Industry Overview

The providers of consumer biometrics market are adopting an aggressive pricing strategy to gain a competitive edge in the market. Many companies are increasing their market presence by introducing new products or solutions or by entering into strategic mergers and acquisitions. For Instance, in June 2019, Assa Abloy signed acquired the international identity solutions business of De La Rue, a leading passport manufacturer based in the United Kingdom. De La Rues International Identity Solutions business is a strategic technological addition to the company.

  • February 2020 - Goodix has developed some innovative fingerprint solutions, which will power up advanced 5G flagship experiences with dual commercialization, which are Huawei Mate Xs, and Realme X50 Pro 5G. These innovations will result in better positioning of the company.
  • January 2020 -Next Biometrics Group SA received an order for UIDAI and STQC certified fingerprint biometric readers in India, with a value of USD 750,000. The customer provided a 20% upfront payment, and the first readers are in transit. The purchase order reflects the increased demand for biometric solutions, primarily those related to the Indian Government's Aadhaar program, which continues to provide NEXT with opportunities to expand its share in the growing Indian market.
  • November 2019 - Synaptics Inc. announced its expansion into the automotive segment, with the launch of its fingerprint biometrics for the automotive industry. The company is expected to roll out these solutions to the global market in the first half of 2020.

Consumer Biometrics Market Leaders

  1. Apple Inc.

  2. IDEX Biometrics ASA

  3. Assa Abloy AB

  4. Idemia France SAS

  5. Synaptics Inc.

*Disclaimer: Major Players sorted in no particular order

Apple Inc. IDEX Biometrics ASA Assa Abloy AB Idemia France SAS Synaptics Inc.
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Consumer Biometrics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Widening Applications of Biometrics

      2. 4.3.2 Technological Advancements in Biometrics

    4. 4.4 Market Restraints

      1. 4.4.1 Data Security and Privacy Concerns

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Industry Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Sensing Module

      1. 5.1.1 Fingerprint

      2. 5.1.2 Face Recognition

      3. 5.1.3 Eye/Iris Recognition

    2. 5.2 By End Users

      1. 5.2.1 Automotive

      2. 5.2.2 Smartphone/Tablet

      3. 5.2.3 Pc/Laptop

      4. 5.2.4 Wearables

      5. 5.2.5 IoT Devices

      6. 5.2.6 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Apple Inc.

      2. 6.1.2 Shenzhen Goodix Technology Co. Ltd

      3. 6.1.3 IDEX Biometrics ASA

      4. 6.1.4 Infineon Technologies

      5. 6.1.5 Princeton Identity

      6. 6.1.6 Egis Technologies Inc.

      7. 6.1.7 Qualcomm Incorporated

      8. 6.1.8 STMicroelectronics NV

      9. 6.1.9 ON Semiconductor

      10. 6.1.10 Assa Abloy AB

      11. 6.1.11 Synaptics Inc.

      12. 6.1.12 NEXT Biometrics Group ASA

      13. 6.1.13 LG Innotek Co. Ltd

      14. 6.1.14 Knowles Electronics LLC

      15. 6.1.15 Omnivision Technologies

      16. 6.1.16 Precise Biometrics AB

      17. 6.1.17 Idemia France SAS

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Consumer Biometrics Industry Segmentation

Biometrics is a technological and scientific authentication method based on biology and used in information assurance (IA). It is used for security systems and replacement systems for ID cards, tokens or PINs. The study characterizes consumer biometrics market based on the sensing module, and by applications that include automotive, smartphone/tablet. pc/laptop. wearables. IoT devices, etc. The scope of the study is currently focused on key regions, such as North America, Europe, Asia-Pacific, in addition to Latin America, and Middle East & Africa.

By Sensing Module
Fingerprint
Face Recognition
Eye/Iris Recognition
By End Users
Automotive
Smartphone/Tablet
Pc/Laptop
Wearables
IoT Devices
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Consumer Biometrics Market Research FAQs

The Consumer Biometrics Market is projected to register a CAGR of 17.20% during the forecast period (2024-2029)

Apple Inc., IDEX Biometrics ASA, Assa Abloy AB, Idemia France SAS and Synaptics Inc. are the major companies operating in the Consumer Biometrics Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Consumer Biometrics Market.

The report covers the Consumer Biometrics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Consumer Biometrics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Consumer Biometrics Industry Report

Statistics for the 2024 Consumer Biometrics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Consumer Biometrics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Consumer Biometrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)