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The consumer biometrics market share is expected to increase by USD 2.31 billion from 2021 to 2026, at a CAGR of 14.48%.
This consumer biometrics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers consumer biometrics market segmentation by application (mobile, PC, payments, and access) and geography (APAC, North America, Europe, South America, and MEA). The consumer biometrics market report also offers information on several market vendors, including Apple Inc., ASSA ABLOY AB, Aware Inc., IDEX Biometrics ASA, NEC Corp., Princeton Identity, Qualcomm Inc., Semiconductor Components Industries LLC, Shenzhen Goodix Technology Co. Ltd., and STMicroelectronics NV among others.
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The growing adoption of smartphones is notably driving the consumer biometrics market growth, although factors such as data security and privacy concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the consumer biometrics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Consumer Biometrics Market Driver
The growing adoption of smartphones is one of the factors supporting the consumer biometrics market growth. Smartphones are an integral part of the everyday life of consumers. Consumers make use of it for completing various daily tasks such as ordering groceries, using it for navigation, sending work-related emails, browsing the internet, among others. Owing to these factors, the usage of smartphones has increased tremendously over the years. Consumers can purchase smartphones from a wide range of offerings provided by vendors. Also, the increasing penetration of smartphones equipped with iris, voice, and fingerprint sensors will contribute to the growth of the global consumer biometrics market during the forecast period.
Key Consumer Biometrics Market Trend
The emergence of biometric-enabled payment cards is another factor supporting the consumer biometrics market growth. The fingerprint data captured by the biometric sensor is securely stored in the card's secure chip. There are comparatively fewer security threats involved in the usage of such cards as fingerprint data is not captured by the bank's servers or the card provider. These cards are also being made available in emerging economies such as India. According to the Reserve Bank of India (RBI), there were 906 million debit cards and 62 million credit cards in circulation in the country in June 2021. Thus, contactless and digital payments are growing at a rapid pace in India. Thus, there is high scope of combining these payment cards with biometric systems. Such market trends will drive market growth during the forecast period.
Key Consumer Biometrics Market Challenge
Data security and privacy concerns are hindering the consumer biometrics market growth. There are substantial risks associated with mobile-based transactions, such as identity thefts and breaches in personal bank accounts. Many consumers are against the use of their personal data, which is collected when they use the payment solution for marketing activities. Mobile-based payment involves real-time monetary transactions via payment gateways. Hence, the theft of financial data on such platforms can lead to huge losses for consumers. Meanwhile, various mobile biometric apps can cause unintentional data leakage as mobile users grant them broad permissions but do not check the privacy policies. Thus, the data security and privacy risks involved in using mobile wallets and biometric apps can pose a challenge to market growth during the forecast period.
This consumer biometrics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the consumer biometrics market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the consumer biometrics market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the consumer biometrics market encompasses successful business strategies deployed by the key vendors. The consumer biometrics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The consumer biometrics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the consumer biometrics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the information technology spending market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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33% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the consumer biometrics market in APAC. Market growth in this region will be slower than the growth of the market in other regions.
The increasing disposable incomes of consumers will facilitate the consumer biometrics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In H1 2020, due to the negative impact of COVID-19, the consumer biometrics market in the region experienced a slowdown. The governments of China, India, and Indonesia had imposed nationwide lockdowns and COVID-related restrictions to curb the spread of the disease. However, due to the availability of vaccines in H2 2020 and the vaccination drives conducted by the regional governments, the regional COVID-related restrictions had eased. This led to the reopening of manufacturing units of these vendors. Thus, the supply chain disruptions faced by these vendors eased, which is expected to flourish market growth during the forecast period.
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The consumer biometrics market share growth by the mobile segment will be significant during the forecast period. Mobile biometrics can be deployed on mobile devices such as smartphones. There are several input sensors on smartphones, such as cameras, touchscreens, and microphones. A biometric system can use these sensors to identify unique biological characteristics of the user, including fingerprint, facial, iris, retina, voice recognition. This information can then be used to verify the identity of the smartphone user. The factors contributing to the growth of this market segment include the rising adoption of smartphones, which enables the usage of mobile biometrics.
This report provides an accurate prediction of the contribution of all the segments to the growth of the consumer biometrics market size and actionable market insights on post COVID-19 impact on each segment.
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Consumer Biometrics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 14.48% |
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Market growth 2022-2026 |
2.31 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
19.33 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 33% |
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Key consumer countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Apple Inc., ASSA ABLOY AB, Aware Inc., IDEX Biometrics ASA, NEC Corp., Princeton Identity, Qualcomm Inc., Semiconductor Components Industries LLC, Shenzhen Goodix Technology Co. Ltd., and STMicroelectronics NV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 07: Parent market
*Exhibit 08: Market Characteristics
**2.2 Value chain analysis
*Exhibit 09: Value chain analysis : Global Information Technology Spending Market.
***3. Market Sizing
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 11: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 12: Global - Market size and forecast 2021 - 2026 (million units)
*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 21: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 22: Comparison by Application
**5.3 Mobile - Market size and forecast 2021-2026
*Exhibit 23: Mobile - Market size and forecast 2021-2026 (million units)
*Exhibit 24: Mobile - Year-over-year growth 2021-2026 (%)
**5.4 PC - Market size and forecast 2021-2026
*Exhibit 25: PC - Market size and forecast 2021-2026 (million units)
*Exhibit 26: PC - Year-over-year growth 2021-2026 (%)
**5.5 Payments - Market size and forecast 2021-2026
*Exhibit 27: Payments - Market size and forecast 2021-2026 (million units)
*Exhibit 28: Payments - Year-over-year growth 2021-2026 (%)
**5.6 Access - Market size and forecast 2021-2026
*Exhibit 29: Access - Market size and forecast 2021-2026 (million units)
*Exhibit 30: Access - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Application
*Exhibit 31: Market opportunity by Application
***6. Customer landscape
**6.1 Overview
*Exhibit 32: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 33: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 34: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 35: APAC - Market size and forecast 2021-2026 (million units)
*Exhibit 36: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 37: North America - Market size and forecast 2021-2026 (million units)
*Exhibit 38: North America - Year-over-year growth 2021-2026 (%)
**7.5 Europe - Market size and forecast 2021-2026
*Exhibit 39: Europe - Market size and forecast 2021-2026 (million units)
*Exhibit 40: Europe - Year-over-year growth 2021-2026 (%)
**7.6 South America - Market size and forecast 2021-2026
*Exhibit 41: South America - Market size and forecast 2021-2026 (million units)
*Exhibit 42: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 43: MEA - Market size and forecast 2021-2026 (million units)
*Exhibit 44: MEA - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 45: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 46: Market opportunity by geography (million units)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing adoption of smartphones
*8.1.2 Emergence of in-display fingerprint scanners
*8.1.3 Increasing mobile payment transactions
**8.2 Market challenges
*8.2.1 Data security and privacy concerns
*8.2.2 Decreasing demand for contact-based biometric systems
*8.2.3 Lack of standardization
*Exhibit 47: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Emergence of biometric-enabled payment cards
*8.3.2 Integration of consumer biometrics in automotive vehicles
*8.3.3 Emergence of multimodal biometric technologies
***9. Vendor Landscape
**9.1 Competitive scenario
**9.2 Overview
*Exhibit 48: Vendor landscape
**9.3 Landscape disruption
*Exhibit 49: Landscape disruption
*Exhibit 50: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 51: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 52: Market positioning of vendors
**10.3 Apple Inc.
*Exhibit 53: Apple Inc. - Overview
*Exhibit 54: Apple Inc. - Business segments
*Exhibit 55: Apple Inc.- Key news
*Exhibit 56: Apple Inc. - Key offerings
*Exhibit 57: Apple Inc. - Segment focus
**10.4 ASSA ABLOY AB
*Exhibit 58: ASSA ABLOY AB - Overview
*Exhibit 59: ASSA ABLOY AB - Business segments
*Exhibit 60: ASSA ABLOY AB - Key offerings
*Exhibit 61: ASSA ABLOY AB - Segment focus
**10.5 Aware Inc.
*Exhibit 62: Aware Inc. - Overview
*Exhibit 63: Aware Inc. - Product and service
*Exhibit 64: Aware Inc. - Key offerings
**10.6 IDEX Biometrics ASA
*Exhibit 65: IDEX Biometrics ASA - Overview
*Exhibit 66: IDEX Biometrics ASA - Business segments
*Exhibit 67: IDEX Biometrics ASA- Key news
*Exhibit 68: IDEX Biometrics ASA - Key offerings
*Exhibit 69: IDEX Biometrics ASA - Segment focus
**10.7 NEC Corp.
*Exhibit 70: NEC Corp. - Overview
*Exhibit 71: NEC Corp. - Business segments
*Exhibit 72: NEC Corp. - Key news
*Exhibit 73: NEC Corp. - Key offerings
*Exhibit 74: NEC Corp. - Segment focus
**10.8 Princeton Identity
*Exhibit 75: Princeton Identity - Overview
*Exhibit 76: Princeton Identity - Product and service
*Exhibit 77: Princeton Identity - Key offerings
**10.9 Qualcomm Inc.
*Exhibit 78: Qualcomm Inc. - Overview
*Exhibit 79: Qualcomm Inc. - Business segments
*Exhibit 80: Qualcomm Inc.- Key news
*Exhibit 81: Qualcomm Inc. - Key offerings
*Exhibit 82: Qualcomm Inc. - Segment focus
**10.10 Semiconductor Components Industries LLC
*Exhibit 83: Semiconductor Components Industries LLC - Overview
*Exhibit 84: Semiconductor Components Industries LLC - Business segments
*Exhibit 85: Semiconductor Components Industries LLC - Key news
*Exhibit 86: Semiconductor Components Industries LLC - Key offerings
*Exhibit 87: Semiconductor Components Industries LLC - Segment focus
**10.11 Shenzhen Goodix Technology Co. Ltd.
*Exhibit 88: Shenzhen Goodix Technology Co. Ltd. - Overview
*Exhibit 89: Shenzhen Goodix Technology Co. Ltd. - Business segments
*Exhibit 90: Shenzhen Goodix Technology Co. Ltd. - Key news
*Exhibit 91: Shenzhen Goodix Technology Co. Ltd. - Key offerings
**10.12 STMicroelectronics NV
*Exhibit 92: STMicroelectronics NV - Overview
*Exhibit 93: STMicroelectronics NV - Business segments
*Exhibit 94: STMicroelectronics NV- Key news
*Exhibit 95: STMicroelectronics NV - Key offerings
*Exhibit 96: STMicroelectronics NV - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 97: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 98: Research Methodology
*Exhibit 99: Validation techniques employed for market sizing
*Exhibit 100: Information sources
**11.4 List of abbreviations
*Exhibit 101: List of abbreviations
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