1 INTRODUCTION 20
1.1 STUDY OBJECTIVES 20
1.2 DEFINITION 20
1.3 STUDY SCOPE 21
1.3.1 MARKETS COVERED 21
1.3.2 YEARS CONSIDERED 22
1.4 CURRENCY 22
1.5 LIMITATIONS 22
1.6 STAKEHOLDERS 22

2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 25
2.1.1.1 Secondary sources 25
2.1.2 PRIMARY DATA 26
2.1.2.1 Primary sources 26
2.1.2.2 Key industry insights 26
2.1.2.3 Breakdown of primary interviews 27
2.1.3 SECONDARY AND PRIMARY RESEARCH 27
2.2 MARKET SIZE ESTIMATION 28
2.2.1 BOTTOM-UP APPROACH 28
2.2.1.1 Approach for capturing market size by bottom-up analysis
(demand side) 28
2.2.2 TOP-DOWN APPROACH 29
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 29
2.3 DATA TRIANGULATION 30
2.4 ASSUMPTIONS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 38
4.1 BIOMETRIC SYSTEM MARKET OPPORTUNITIES 38
4.2 BIOMETRIC SYSTEM MARKET, BY SINGLE-FACTOR AUTHENTICATION 38
4.3 BIOMETRIC SYSTEM MARKET IN APAC, BY END USER AND COUNTRY 39
4.4 BIOMETRICS MARKET, BY MULTI-FACTOR AUTHENTICATION 39
4.5 BIOMETRIC SYSTEM MARKET IN APAC, BY COUNTRY 40
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5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 42
5.2.1.1 Increasing use of biometrics in consumer electronics devices to provide seamless access over different applications 42
5.2.1.2 Rising number of government initiatives to adopt biometrics 43
5.2.1.3 Growing need for surveillance and security owing to threats of terrorist attacks 44
5.2.1.4 Proliferation of biometric technology in automotive enterprise applications 44
5.2.1.5 Increased convenience, secure identity management, and superior human resource management 45
5.2.2 RESTRAINTS 45
5.2.2.1 High deployment cost 45
5.2.3 OPPORTUNITIES 45
5.2.3.1 Technological developments 45
5.2.4 CHALLENGES 46
5.2.4.1 Data security concerns 46
5.3 VALUE CHAIN ANALYSIS 47

6 BIOMETRIC SYSTEM MARKET, BY AUTHENTICATION TYPE 49
6.1 INTRODUCTION 50
6.2 SINGLE-FACTOR AUTHENTICATION 51
6.2.1 FINGERPRINT RECOGNITION 53
6.2.1.1 AFIS 56
6.2.1.1.1 Large market for AFIS is owing to its adoption by law enforcement agencies 56
6.2.1.2 Non-AFIS 56
6.2.1.2.1 Increasing consumer awareness for biometrics to drive the adoption of non-AFIS technology 56
6.2.2 IRIS RECOGNITION 56
6.2.2.1 Iris recognition is largely being adopted for identification and authentication purposes due to increasing government initiatives 56
6.2.3 PALM PRINT RECOGNITION 58
6.2.3.1 Increased level of accuracy and security to drive the adoption of palm print recognition solutions 58
6.2.4 FACE RECOGNITION 60
6.2.4.1 Growing need for surveillance and increasing adoption of video analytics capabilities are driving the market for face recognition 60
6.2.5 VEIN RECOGNITION 62
6.2.5.1 Need for high security in applications such as banking, immigration, etc., to drive the vein recognition market 62
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6.2.6 SIGNATURE RECOGNITION 64
6.2.6.1 Noninvasive nature and better convenience of signature recognition to drive its adoption in near future 64
6.2.7 VOICE RECOGNITION 66
6.2.7.1 Increasing accuracy of voice recognition through integration of AI to boost the market of voice recognition 66
6.2.8 OTHERS 68
6.2.8.1 DNA recognition 69
6.2.8.1.1 DNA recognition technology is being adopted for applications such as forensic sciences, healthcare, and criminal investigations 69
6.2.8.2 Keystroke recognition 70
6.2.8.2.1 Keystroke recognition is one of the leading behavioral biometric technology 70
6.2.8.3 Gait recognition 70
6.2.8.3.1 Gait recognition is widely used for long-distance verification 70
6.2.8.4 Otoacoustic emissions 70
6.2.8.4.1 Otoacoustic emission is one of the most innovative and emerging biometric technology 70
6.3 MULTI-FACTOR AUTHENTICATION 70
6.3.1 SMART CARD WITH BIOMETRICS 72
6.3.1.1 Smart card with biometrics is one of the leading advanced secured authentication technologies 72
6.3.2 PIN WITH BIOMETRICS 74
6.3.2.1 Pin with biometrics is one of the most common multi-factor authentication methods 74
6.3.3 MULTIMODAL BIOMETRIC 75
6.3.3.1 Two-factor authentication 78
6.3.3.2 Three-factor authentication 78

7 BIOMETRIC SYSTEM MARKET, BY OFFERING 79
7.1 INTRODUCTION 80
7.2 HARDWARE 81
7.2.1 FINGERPRINT READERS 82
7.2.1.1 Fingerprint readers to hold largest share of biometric hardware component market 82
7.2.2 SCANNERS 82
7.2.2.1 Demand for increased accuracy to drive the adoption of scanners 82
7.2.3 CAMERAS 83
7.2.3.1 Increasing market of facial recognition to drive camera segment of biometric hardware market 83
7.2.4 OTHER 83
7.3 SOFTWARE 83
7.3.1 SOFTWARE MARKET EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 83

8 BIOMETRIC SYSTEM MARKET, BY FUNCTIONALITY 84
8.1 INTRODUCTION 85
8.2 CONTACT FUNCTIONALITY 86
8.2.1 CONTACT FUNCTIONALITY BIOMETRICS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 86
8.3 NON-CONTACT FUNCTIONALITY 88
8.3.1 NON-CONTACT BIOMETRIC FUNCTIONALITY IS WIDELY USED FOR NON-TOUCH VERIFICATION 88
8.4 COMBINED FUNCTIONALITY 90
8.4.1 COMBINED BIOMETRIC FUNCTIONALITY SEGMENT TO GROW AT HIGHEST RATE OWING TO HIGH SECURITY AND ACCURACY 90

9 BIOMETRIC SYSTEM MARKET, BY END USER 92
9.1 INTRODUCTION 93
9.2 GOVERNMENT 95
9.2.1 INCREASING GOVERNMENT INITIATIVES FOR PUBLIC SAFETY TO DRIVE BIOMETRICS MARKET IN GOVERNMENT 95
9.3 MILITARY & DEFENSE 97
9.3.1 BIOMETRICS ADOPTION IN MILITARY & DEFENSE IS INCREASING TO ERADICATE SECURITY CONCERNS 97
9.4 HEALTHCARE 99
9.4.1 NEED TO BRING EFFICIENCY IN CLINICAL PROCESSES AND IMPROVE DIAGNOSIS AND TREATMENT DRIVE THE BIOMETRICS ADOPTION IN HEALTHCARE 99
9.5 BANKING & FINANCE 101
9.5.1 EASE IN ACCESS TO FINANCIAL SERVICES THROUGH BIOMETRIC SYSTEMS TO DRIVE THE ADOPTION OF BIOMETRIC SYSTEMS IN BANKING & FINANCE SECTOR 101
9.6 CONSUMER ELECTRONICS 103
9.6.1 ADOPTION OF BIOMETRICS IN CONSUMER ELECTRONICS IS GROWING OWING TO THE SEAMLESS ACCESS TO MULTIPLE FEATURES AND COST-EFFECTIVENESS 103
9.7 TRAVEL & IMMIGRATION 105
9.7.1 INCREASING SECURITY CONCERNS OF VARIOUS NATIONS TO DRIVE BIOMETRIC SYSTEMS ADOPTION IN TRAVEL & IMMIGRATION 105
9.8 AUTOMOTIVE 108
9.8.1 RISING PREFERENCE FOR ADVANCED ELECTRONICS AND DEMAND FOR INCREASED CONVENIENCE AND SECURITY TO DRIVE ADOPTION OF BIOMETRICS IN AUTOMOTIVE SECTOR 108
9.9 SECURITY 110
9.9.1 RESIDENTIAL SECURITY 112
9.9.1.1 Emergence of IoT and wireless technologies and increasing consumer awareness to drive the biometrics adoption in residential security 112
9.9.2 COMMERCIAL SECURITY 113
9.9.2.1 Rising security concerns among enterprises to drive biometric system market in commercial security applications 113
9.10 OTHERS 115

10 GEOGRAPHIC ANALYSIS 118
10.1 INTRODUCTION 119
10.2 NORTH AMERICA 121
10.2.1 US 124
10.2.1.1 US holds largest share of biometric system market in North America 124
10.2.2 CANADA 125
10.2.2.1 Canada holds significant growth opportunities for biometric system market in North America owing to high investments in biometric infrastructure 125
10.2.3 MEXICO 125
10.2.3.1 Biometric system market in Mexico to grow owing to increasing political stability and openness for investments 125
10.3 EUROPE 126
10.3.1 GERMANY 129
10.3.1.1 Germany holds largest share of European biometric system market 129
10.3.2 UK 130
10.3.2.1 Biometric system market in UK to grow with increasing government initiatives for biometrics adoption 130
10.3.3 FRANCE 130
10.3.3.1 Increasing presence of biometric system manufacturers to drive the market in France 130
10.3.4 ITALY 131
10.3.4.1 Market in Italy to grow at highest CAGR during forecast period 131
10.3.5 REST OF EUROPE 131
10.4 APAC 131
10.4.1 CHINA 134
10.4.1.1 China holds largest share of biometric system market in APAC 134
10.4.2 JAPAN 135
10.4.2.1 Presence of leading biometric companies to drive adoption of biometric systems in Japan 135
10.4.3 SOUTH KOREA 135
10.4.3.1 Growing adoption of biometrics in consumer electronics to drive biometric system market in South Korea 135
10.4.4 INDIA 136
10.4.4.1 Increasing government initiatives expected to drive biometric system market in India 136
10.4.5 REST OF APAC 136
10.5 ROW 137
10.5.1 SOUTH AMERICA 139
10.5.1.1 Growing economy to contribute to market growth in South America 139
10.5.2 MIDDLE EAST & AFRICA 139
10.5.2.1 Growing investments in economic development to drive the market in Middle East & Africa 139

11 COMPETITIVE LANDSCAPE 140
11.1 OVERVIEW 140
11.2 RANKING ANALYSIS 142
11.3 COMPETITIVE SCENARIO 144
11.3.1 PRODUCT DEVELOPMENTS AND LAUNCHES 144
11.3.2 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 144
11.3.3 ACQUISITIONS 145
11.3.4 INVESTMENTS AND EXPANSIONS 146
11.4 COMPETITIVE LEADERSHIP MAPPING 146
11.4.1 VISIONARY LEADERS 146
11.4.2 DYNAMIC DIFFERENTIATORS 146
11.4.3 INNOVATORS 147
11.4.4 EMERGING COMPANIES 147

12 COMPANY PROFILES 148
12.1 KEY COMPANIES 148
(Business overview, Products and solutions offered, Recent developments, SWOT analysis, and MNM view)
12.1.1 THALES 148
12.1.2 SAFRAN 152
12.1.3 NEC 157
12.1.4 ASSA ABLOY 161
12.1.5 FUJITSU 164
12.1.6 PRECISE BIOMETRICS 168
12.1.7 SECUNET SECURITY NETWORKS 171
12.1.8 STANLEY BLACK & DECKER 174
12.1.9 AWARE 176
12.1.10 COGNITEC SYSTEMS 178
12.2 OTHER KEY COMPANIES 179
12.2.1 DAON 179
12.2.2 FACEBANX 179
12.2.3 BIO-KEY INTERNATIONAL 180
12.2.4 SECURIPORT 180
12.2.5 M2SYS TECHNOLOGY 181
12.2.6 SUPRIMA 181
12.2.7 FULCRUM BIOMETRICS 182
12.2.8 VASCO DATA SECURITY INTERNATIONAL 182
12.2.9 QUALCOMM 183
12.2.10 INTEGRATED BIOMETRICS 183
*Details on Business overview, Products and solutions offered, Recent developments, SWOT analysis, and MNM view might not be captured in case of unlisted companies.


13 APPENDIX 184
13.1 INSIGHTS FROM INDUSTRY EXPERTS 184
13.2 QUESTIONNAIRE 185
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 188
13.4 AVAILABLE CUSTOMIZATIONS 190
13.5 RELATED REPORT 190
13.6 AUTHOR DETAILS 191