Global Consumer Biometrics Market Report and Forecast 2024-2032

Global Consumer Biometrics Market Outlook

The global consumer biometrics market size is estimated to grow at a CAGR of 15.30% in the forecast period of 2024-2032.

Rising Popularity of Fingerprint Sensing Module to Propel the Market Growth of Consumer Biometrics

The use of fingerprint sensing modules in consumer electronics has significantly increased. The rising integration of fingerprint sensors in smartphones or tablets to offer faster and more secure access to devices is leading to the consumer biometrics market expansion. There is a growing inclination towards large fingerprint sensors owing to their multiple advantages such as more accurate readings, reliability for securing sensitive data such as banking information and financial transactions, and enhanced protection of confidential consumer data.

The availability of different fingerprint sensing technologies like capacitive, ultrasonic, static, swipe-type, and optical fingerprint sensors are propelling the market for consumer biometrics. Moreover, the increasing competitiveness among fingerprint sensor manufacturers are boosting the development of cost-effective fingerprint sensors. Advancements in fingerprint sensing technology are leading to its emergence in fingerprint credit cards, which is expected to revolutionise the way people make payments and favour the consumer biometrics market growth over the forecast period.

Market Segmentation

Consumer biometrics refer to the use of biometrics in consumer electronic devices and other gadgets or systems, to identify individuals in a reliable and faster manner through unique biological characteristics. The devices capture biometric data such as an image of a face, a record of voice, or a fingerprint, which is then compared to the biometric data of others kept in a database to identify the individual. The different types of consumer biometrics include fingerprint sensors, iris recognition, voice recognition, and face recognition, among others.

The consumer biometrics market by sensing module is divided into:

• Fingerprint

• Face Recognition

• Eye/Iris Recognition

Based on end use, the market is segmented into:

• Automotive

• Smartphone/Tablet

• PC/Laptop

• Wearables

• Others

The regional markets for consumer biometrics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Emergence of Biometrics in Several Applications to Drive the Consumer Biometrics Market Growth

The multiple benefits of consumer biometrics, such as enhanced security than password or card-based systems, unforgeability, and added convenience, are driving its use in several applications to enhance consumer lives. Consumer biometrics are also more reliable than knowledge-based verification systems like passwords or PINs and token-based systems like an ID card or license as these are difficult to remember and can easily get stolen. Advancements in various consumer electronics such as smartphones, laptops, PCs, and others are leading to the integration of technologies like consumer biometrics to provide consumers with ease and convenience.

The introduction of government policies to promote biometrics is also favouring the market growth. For instance, in January 2024, the Government of India selected Tata Consultancy Services for the Passport Seva Program, through which it aimed to enhance the citizen experience using technologies such as biometrics and others.  Technological advancements like the emergence of the Internet of things and smart homes are likely to fuel the use of consumer biometrics technology in smart doorbells equipped with facial recognition capabilities, which is expected to be one of the key consumer biometrics market trends in the coming years.

Key Players in the Global Market for Consumer Biometrics

The report gives a detailed analysis of the following key players in the global consumer biometrics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Shenzhen Goodix Technology Co., Ltd.

• IDEX Biometrics ASA

• Infineon Technologies AG

• Princeton Identity

• STMicroelectronics NV

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report