Global Market Size of Biometric Systems Market – 10 Year Market Forecast

ICT

Biometric Systems Market Size Forecast 2022-2029

Biometric Systems is estimated to have a market value of Usd 64.5 Billion in the year 2022 and is expected to reach to USD 145.04 Billion by the year 2029, giving a CAGR of 12%. Increasing use of biometrics in consumer electronic devices for authentication and identification purposes and surging adoption of biometric technology in automotive applications are some factors that could drive this market towards growth. However, high deployment cost could hamper this growth.

Frequently Asked Questions(FAQ)

• What is the forecast period for this market report?

• The forecast period for this market report is between 2022-2029.
• Who are the key players of this market?

• Thales, Safran and NEC are some of the key players of this market.
• How many countries are considered for this market report?

• 20 countries are considered for this market report.
• What are the segments of this market?

• The segments of this market are by region and components.
• What is Global Market Database?

• Global Market Database studies business units across 600+ markets and 12 different industries including the Biometric Systems market.

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