Consumer Biometrics Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026

The Consumer Biometrics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Consumer Biometrics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Consumer Biometrics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Consumer Biometrics market.

The Consumer Biometrics Market has shipped 2380.3 million units in 2020 and is expected to reach 6025.217 million units shipment by 2026, registering a CAGR of 17.2%, during the period of 2021 - 2026.

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Top Leading Companies of Consumer Biometrics Market are - Apple Inc., Shenzhen Goodix Technology Co. Ltd, IDEX Biometrics ASA, Infineon Technologies, Princeton Identity, Egis Technologies Inc., Qualcomm Incorporated, STMicroelectronics NV, ON Semiconductor, Assa Abloy AB, Synaptics Inc., NEXT Biometrics Group ASA, LG Innotek Co. Ltd, Knowles Electronics LLC, Omnivision Technologies, Precise Biometrics AB, Idemia France SAS and others.

Industry News and Updates:

- February 2020 - Goodix has developed some innovative fingerprint solutions, which will power up advanced 5G flagship experiences with dual commercialization, which are Huawei Mate Xs, and Realme X50 Pro 5G. These innovations will result in better positioning of the company.

- January 2020 -Next Biometrics Group SA received an order for UIDAI and STQC certified fingerprint biometric readers in India, with a value of USD 750,000. The customer provided a 20% upfront payment, and the first readers are in transit. The purchase order reflects the increased demand for biometric solutions, primarily those related to the Indian Government’s Aadhaar program, which continues to provide NEXT with opportunities to expand its share in the growing Indian market.

- November 2019 - Synaptics Inc. announced its expansion into the automotive segment, with the launch of its fingerprint biometrics for the automotive industry. The company is expected to roll out these solutions to the global market in the first half of 2020.

Key Market Trends:

Fingerprint Sensing Modules to Hold the Major Share

- Devices used for fingerprint biometrics provide the users with increased convenience, availability, and reachability of embedded biometrics. The demand for fingerprint sensing modules for consumer authentication is expected to witness significant growth over the forecast period on account of the increasing demand for biometric technology for access management, need for better security, and change in consumer preference for new technologies with a personalized experience.
- Smartphones, in that row, have witnessed an increasingly growing trend in this technology over the past five years. This technology has been leveraged to facilitate online transactions, authentication, and many other services.

By Type:

Fingerprint
Face Recognition
Eye/Iris Recognition

By Applications:

Automotive
Smartphone/Tablet
Pc/Laptop
Wearables
IoT Devices
Other

Regional Analysis:

Asia-Pacific to be the Largest and Fastest Growing Market

- Asia-Pacific has the largest population of all the regions. With an increase in the urban population and increased purchasing power, Asia-Pacific is expected to be one of the largest and fastest growing markets for consumer biometrics.
- Major smartphone companies, including Huawei, Apple, Samsung, Xiaomi, and Lenovo has its manufacturing facilities in China. With the continuous increase in smartphone sales, the demand for fingerprint sensors to be embedded into smartphones is expected to increase in the country.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Consumer Biometrics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Consumer Biometrics Market (%),2016 - 2026
- Consumer Biometrics Market Share, By Brand
- Consumer Biometrics Market Share, By Company
- Consumer Biometrics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Consumer Biometrics Market Value Analysis & Forecast
- Promising Consumer Biometrics Development by Major Companies
- Detailed Consumer Biometrics Portfolio of the Major Companies
- Major Deals in the Consumer Biometrics Market
- Major Companies Analysis

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