Biometric System Market Ongoing Trend, Competitive Landscape and Regional Forecast to 2026

The biometric system market is expected to grow at a CAGR 10% during the forecast period 2021-2026. Key drivers include the increasing use of biometrics in consumer electronics devices to provide seamless access over different applications, rising number of government initiatives to adopt biometrics, growing need for surveillance and security due to the threats of terrorist attacks, and increasing penetration of biometric technology in automotive and enterprise applications.

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North America is expected to hold the largest share. The US and Canada have a strong economy, which empowers them to invest significantly in public safety activities. The growing adoption of smart technologies and the rapidly increasing digitalization have further fueled the growth of the biometric system market in North America. The growth of the North American market can also be attributed to the increasing government initiatives in North American countries—such as the US, Canada, and Mexico—for large-scale funded programs such as e-passports and e-visas. The US Department of Defense and Department of Homeland Security have long been using fingerprint biometrics to facilitate physical and digital access and combat security issues.

Key players in the biometric system market include Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), and Fujitsu Ltd. (Fujitsu) (Japan).

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