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Increasing security concerns due to the rising terror
attacks and crimes have created a need for high level security. In addition,
the rising government initiatives such as e-passport, national identification
programs etc. and various border control projects such as European Dactyloscopy
(EURODAC), Visa Information Systems (VIS) and new generation Schengen
Information System (SIS II) have helped to boost the biometrics technology
market. However, privacy concerns and high cost of biometrics system may hinder
the growth of this market. Furthermore, increasing usage of multimodal
biometrics to enhance the security level is expected to create huge
opportunities for this market in the upcoming years.
By application type, the non-AFIS biometrics systems
accounted for largest revenue share of 41.40% of the overall biometrics
technology market in 2012. With the advancements in technology, silicon sensor
prices used for fingerprint recognition have fallen considerably. Such enduring
advancements have made the sensors more efficient and have resulted in lowering
the production costs and expanding their application in broader range of
devices. As a result, non-AFIS systems have become cost effective as compared
to the earlier ones. In addition, due to their user friendliness, they are
largely deployed in smart phones and laptops. Iris recognition segment is expected
to grow at the highest CAGR of 28.6% by 2019. This is due to high accuracy
level and stability possessed by iris.
In case of end use segment, transport/visa/logistics
and government segments together accounted for more than 50% of the overall
biometrics technology market in 2012. This was due to the increasing need for
examining the traveler's credentials. As a result, this end use segment is
expected to dominate the other end use segments by 2019. With the increasing
usage of internet banking for transactions, biometrics technology is largely
being deployed in the banking and finance sector. Hence, this end use segment
is expected to grow at the highest CAGR during forecast period.
North America accounted for 32.1% of the overall
revenue share in 2012. This region is anticipated to uphold its dominating
share throughout the forecast period. Asia Pacific is expected to
grow at the fastest CAGR of 22.0% from 2013 to 2019. With numerous evolving
economies in this region including India, China, Australia and Japan among
others, there is a strong necessity for building infrastructure in terms of
border security and national identification. Hence, the Asia
Pacific biometrics technology market is expected to witness a faster
growth as compared to Europe, the Middle East and North
America.
Global biometrics technology market consists of large
numbers of domestic and multinational distinguished players. In 2012, the
global biometrics industry was dominated by Morpho SA (Safran) with 19.0% of
the market share. Some of the other leading players include 3M Cogent, NEC
Corporation, DigitalPersona and Accu-Time Systems among others.
The global biometrics
technology market is segmented as below:
By
Application Type
- Face
- Hand
geometry
- Voice
- Signature
- Iris
- AFIS
- Non-AFIS
- Others(DNA,
typing rhythms)
By
End Users
- Government
- Defense
Services
- Banking
and Finance
- Consumer
Electronics
- Healthcare
- Home
Safety & Security
- Commercial
Safety & Security
- Transport/Visa/Logistics
- Others
(Retail, hospitality, gaming and automobile)
By
Region
- North
America
- Europe
- Asia
Pacific
- RoW
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