The biometric market has undergone significant change in recent years, with biometric systems evolving from traditional fingerprint based identification to advanced face, voice, and vein recognition system. The rising wave of new identification technologies, such as iris, face, and voice recognition are creating significant potential in smartphone and wearable electronics applications, and driving the demand for biometric technology.
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In biometric market, various identification technologies, such as fingerprint, automated fingerprint identification system (AFIS), iris recognition, facial recognition, hand geometry, vein recognition, signature recognition, and voice recognition are used for identification and access control for various applications. Increasing focus on safety and security in private and business sectors related to unauthorized access, growth in the e-passport program for personal identification, and growing adaption of voice recognition systems in the banking and financial services sector are creating new opportunities for various biometric technologies.
Lucintel, a leading global management consulting and market research firm with over 1,000 clients worldwide, has analyzed the technologies used in biometric market and has now published a comprehensive research report titled “Technology Landscape, Trends and Opportunities in the Global Biometric Market 2019-2024”. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential and other parameters of various technologies in biometric market.
Lucintel study finds that a biometric technology is forecast to grow at 15% during next five years. Automated fingerprint identification system (AFIS) technology is largest segment of this market and is growing at above average growth.
Safran, NEC Corporation, 3M Cogent, Precise Biometrics, and Fujitsu Ltd are among the major technology providers in the biometric market.
The Lucintel report serves as a catalyst for growth as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global biometric market by application, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type

Trends and Forecasts by Technology Type [$M shipment analysis from 2013 to 2024]:
• Fingerprint
• AFIS
• Iris Recognition
• Facial Recognition
• Hand Geometry
• Vein Recognition
• Signature recognition
• Voice Recognition
• Others
Technology Trends and Forecasts by Application [$M shipment analysis from 2013 to 2024]:
• Public Sector
o Fingerprint
o AFIS
o Iris Recognition
o Facial Recognition
o Hand Geometry
o Vein Recognition
o Signature recognition
o Voice Recognition
o Others
• Banking and Financial Sector
o Fingerprint
o AFIS
o Iris Recognition
o Facial Recognition
o Hand Geometry
o Vein Recognition
o Signature recognition
o Voice Recognition
o Others
• Healthcare
o Fingerprint
o AFIS
o Iris Recognition
o Facial Recognition
o Hand Geometry
o Vein Recognition
o Signature recognition
o Voice Recognition
o Others
• IT and Telecommunication
o Fingerprint
o AFIS
o Iris Recognition
o Facial Recognition
o Hand Geometry
o Vein Recognition
o Signature recognition
o Voice Recognition
o Others
• Others
Technology Trends and Forecasts by Region [$M shipment analysis for 2013 to 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– United Kingdom
– Germany
– France
• Asia Pacific
– Japan
– China
– South Korea
– India
• The Rest of the World

Latest Developments and Innovations in the Biometric Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
A more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/technology-biometric-market.aspx or [email protected]. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Market Research Report, Capital Investment Feasibility and SWOT Analysis.


About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.