{"product_id":"global-consumer-biometrics-market-size-study-forecast-by-sensing-module-fingerprint-face-recognition-eye-iris-recognition-by-end-users-automotive-smartphone-tablet-pc-laptop-wearables-iot-devices-other-end-users-and-regional-analysis-2022","title":"Global Consumer Biometrics Market Size study \u0026 Forecast, by Sensing Module (Fingerprint, Face Recognition, Eye\/Iris Recognition), by End Users (Automotive, Smartphone\/Tablet, Pc\/Laptop, Wearables, IoT Devices, Other End Users), and Regional Analysis, 2022","description":"\u003cp\u003eGlobal Consumer Biometrics Market Size study \u0026amp; Forecast, by Sensing Module (Fingerprint, Face Recognition, Eye\/Iris Recognition), by End Users (Automotive, Smartphone\/Tablet, Pc\/Laptop, Wearables, IoT Devices, Other End Users), and Regional Analysis, 2022-2029\u003c\/p\u003e\n\n\u003cp\u003eGlobal Consumer Biometrics Market is valued at approximately USD 2789.7 million in 2021 and is anticipated to grow with a healthy growth rate of more than 17.2% over the forecast period 2022-2029. Consumer Biometrics is used as a mainstream consumer technology and is becoming more significant for security experts. Most consumers prefer biometrics authentication over Password-based security. There are several consumer electronic devices based on Biometrics which include security systems, access control door locks, and more. Biometrics are physical characteristics that differ in every person and are thereby used for automated recognition and security systems. The main use for consumer biometrics is identification and authentication. Increasing digitization, Expanding Applications of Biometrics, and technological innovations in biometrics are the major factors driving the growth of the market.\u003c\/p\u003e\n\n\u003cp\u003eAccording to Petroc Taylor (research expert), Overall spending on digital transformation grew by 10.4% annually in 2020 to reach 1.3 trillion U.S. dollars. Increasing digitization led to an increase in the usage of devices which further increase the demand for consumer biometrics.  According to Justina Alexandra Sava (Research expert), in 2020, 80% of active mobile phones in North America, Western Europe, and Asia Pacific were designed with biometric authentication systems. The global biometrics system market was valued at around 43 billion U.S. dollars in 2022 and was estimated to double in the forecast period. Increasing digitization and Expanding Applications of Biometrics are the main factors driving the growth of the market. Another important component driving market increase is technological innovations. Increasing demand for the availability of biometrics and increasing ease and convenience of biometrics are the factors creating major market opportunities in the forecast period. However, the risk of data security and privacy stifles market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Consumer Biometrics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of increasing demand for fingerprints sensor in mobile phones, owing to the dominance of manufacturing biometrics sensors and the region's increasing investment in integrating consumer biometric solutions. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising security and advanced user experience. For Instance, in 2022, around 46% of respondents in the region ensured the implementation of biometrics authentication tools.\u003c\/p\u003e\n\n\u003cp\u003eMajor market player included in this report are:\u003cbr\u003e\nApple Inc.\u003cbr\u003e\nSynaptics Inc.\u003cbr\u003e\nShenzhen Goodix Technology Co. Ltd\u003cbr\u003e\nIDEX Biometrics ASA\u003cbr\u003e\nInfineon Technologies India Pvt Ltd.\u003cbr\u003e\nPrinceton Identity\u003cbr\u003e\nEgis Technologies Inc.\u003cbr\u003e\nQualcomm Incorporated\u003cbr\u003e\nSTMicroelectronics NV\u003cbr\u003e\nAssa Abloy AB\u003cbr\u003e\nRecent Developments in the Market:\u003cbr\u003e\nIn January 2023 2019, Synaptics Inc. launched fingerprint biometrics for the automotive industry thereby expanding its base into the automotive sector.\u003cbr\u003e\nIn June 2019, ASSA ABLOY acquired De La Rue, a leading passport manufacturer in the UK, to add Strategic technology to the company.\u003c\/p\u003e\n\n\u003cp\u003eGlobal Consumer Biometrics Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Sensing Module, End Users, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003c\/p\u003e\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e \n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Sensing Module offerings of key players. The detailed segments and sub-segment of the market are explained below: \u003cbr\u003e\nBy Sensing Module:\u003cbr\u003e\nFingerprint\u003cbr\u003e\nFace Recognition\u003cbr\u003e\nEye\/Iris Recognition\u003cbr\u003e\nBy End Users:\u003cbr\u003e\nAutomotive\u003cbr\u003e\nSmartphone\/Tablet\u003cbr\u003e\nPc\/Laptop\u003cbr\u003e\nWearables\u003cbr\u003e\nIoT Devices\u003cbr\u003e\nOther End Users\u003cbr\u003e\nBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia \u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nRest of the WorldCompanies Mentioned\u003cbr\u003e\nApple Inc.\u003cbr\u003e\nSynaptics Inc.\u003cbr\u003e\nShenzhen Goodix Technology Co. Ltd\u003cbr\u003e\nIDEX Biometrics ASA\u003cbr\u003e\nInfineon Technologies India Pvt Ltd.\u003cbr\u003e\nPrinceton Identity\u003cbr\u003e\nEgis Technologies Inc.\u003cbr\u003e\nQualcomm Incorporated\u003cbr\u003e\nSTMicroelectronics NV\u003cbr\u003e\nAssa Abloy AB\u003c\/p\u003e\n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"March, 2023 \/ 200 Pages \/ MCW16292174","offer_id":47716117905714,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-consumer-biometrics-market-size-study-forecast-by-sensing-module-fingerprint-face-recognition-eye-iris-recognition-by-end-users-automotive-smartphone-tablet-pc-laptop-wearables-iot-devices-other-end-users-and-regional-analysis-2022","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}