Consumer Electronics Biometric Market Size, Share and Trends 2025 to 2034

Consumer Electronics Biometric Market Size and Forecast 2025 to 2034

The global consumer electronics biometric market size was calculated at USD 42.95 billion in 2024 and is predicted to reach around USD 160.50 billion by 2034, expanding at a CAGR of 14.09% from 2025 to 2034. The rising cyber fraud and data infringement due to lack of security purposes is driving the growth of the market.

Consumer Electronics Biometric Market Key Takeaways

• North America dominated the global market with the largest market share of 39% in 2024.
• Europe expects significant growth during the forecast period.
• By technology, the fingerprint recognition segment contributed the highest market share in 2024.
• By technology, the iris recognition segment will witness significant growth during the forecast period.
• By security level, the single-factor authentication segment captured the biggest market share in 2024.
• By security level, the multi-factor authentication predicted remarkable growth during the forecast period.
• By application, the smartphone segment generated the major market share of 46% in 2024.
• By application, the wearables segment is anticipated to show notable CAGR during the anticipated period.
• By end user, the consumer segment has held the largest market share of 61% in 2024.
• By end user, the business segment will experience substantial growth during the predicted period.

How Can AI Impact the Consumer Electronics Biometric Market?

Artificial intelligence significantly impacts the expansion of the consumer electronics biometric market by integrating the latest features and technologies. AI is used in different types of biometrics, such as in facial recognition systems; it helps in the false acceptance ratio. In fingerprint recognition, the problems in detecting fingerprint identification are solved, such as damaged fingerprints, skin conditions, and others. There are several benefits associated with the implementation of AI into biometrics, which help enhance its performance and accuracy level.

• In November 2024, Alcatraz AI introduced an eBook on enhancing data center security with biometrics. The eBook is designed for data centers that are willing to increase their physical security and replace traditional methods to continue the growth of the data center market.

U.S. Consumer Electronics Biometric Market Size and Growth 2025 to 2034

The U.S. consumer electronics biometric market size was exhibited at USD 11.73 billion in 2024 and is projected to be worth around USD 44.70 billion by 2034, growing at a CAGR of 14.31% from 2025 to 2034.

North America dominated the consumer electronics biometric market in 2024. The growth of the market is attributed to the rising industrialization and the adoption of advanced gadgets and technologies by people, which is driving the integration of biometric authentication technology for identification and security purposes. The increasing economic development in regional countries like the United States and Canada, with the higher number of disposable incomes in the population, is inclining them towards consumer electronics and technology gadgets, and the rising presence of the technology leaders.

• According to Visa, two-thirds of the people use biometrics as compared to traditional passwords for faster and more convenient usage. 80% of consumers are engaged with organizations online through strong identity verification. Meanwhile, 72% of worldwide consumers prefer to use facial recognition rather than password authentication for secured online processes
• According to McKinsey, 90% of the cost reduction is achieved by using digital ID-enabled processes in onboarding processes.

Europe expects significant growth in the consumer electronics biometric market during the forecast period. The increasing demand for the technology’s gadgets is accelerating the growth of the market across the region. The increasing development in industrialization, such as healthcare, automotive, banking, automotive, and others, are driving the demand for biometrics authentication.

• The Digital Decade of Europe aims to have 80% of EU citizens use digital identities by 2030.

Market Overview

The biometrics are one of the leading authentication technologies designed for identification individuals in more faster and convenient manner. The technology is used to capture the biometric data from the individual with recognizing their fingerprint, facial detection, or fingerprint. The individual’s data is compared with the other biometric data of other persons, which is kept in the database. The increasing adoption of biometrics from different industries is driving the growth of the market.

Consumer Electronics Biometric Market Growth Factors

• The increasing popularity of electronic gadgets: The increasing disposable income in the population due to the rising economic stability in the regional government is inclining them towards the adoption of electronic gadgets, and spending on lifestyle is accelerating the growth of the consumer electronics biometric market.
• The rise in industrialization: The increasing industrialization across the world, such as banking and financial services, healthcare, automotive, and others, is driving the demand for biometrics authentication systems such as facial recognition, fingerprint, and voice recognition for increasing convenience and security.
• Increasing evaluation of smart gadgets: The increasing development of smart gadgets and the continuous investment in the development of smart gadgets by the leading technology leaders are accelerating the growth of the market.

Market Scope

Market Dynamics

Driver

Adoption of biometrics from businesses

The increasing adoption of biometrics by leading businesses owing to its benefits is driving the growth of the consumer electronics biometric market. Biometrics provides several advantages to the business, including protecting the consumers and businesses from financial loss, helping in personalizing the consumer experience as per the customer demand, reducing the cost of operations, ensuring the regularity requirements, and others.

Restraint

Privacy concern

The data privacy issues associated with biometrics data collection and storage, the lack of reliability and accuracy, and data security risk due to biometrics not being hack-proof, though there is a chance of data leakage or data hacking, are some of the leading limitations in the consumer electronics biometric market. Additionally, the lack of standardization, legal and ethical issues, accessibility issues, high implementation costs, and others are collectively restraining the growth of the consumer electronic biometrics market.

Opportunity

Increasing demand from banking institutions

The integration of the consumer electronics biometric market into banking and financial institutions is revolutionizing the banking experience. It is used in the different applications of banking, such as KYC (customer onboarding), ongoing customer authentication, secure ATM transactions, and employee authentication, and provides benefits such as increasing security, streamlining operations, reducing fraud, and ensuring customer safety. Furthermore, the integration of biometrics into banking enhances the user experience, prevents the risk of fraud, allows convenience to use, helps with regularity compliance, offers faster, secure, and friendly authentication, enhances the security for contactless payment, and others.

Technology Insights

The fingerprint recognition segment led the consumer electronics biometric market in 2024. There are significant advancements in technology and the rising adoption of fingerprint technology from a wide range of industries such as banking and financial services, laws and judiciary, and others for security enhancements. The fingerprint technology uses unique patterns to verify and authenticate the identities in various applications. It provides unmatchable accuracy for identity verification. It simplifies the complex tasks of verification and identification and reduces the need to remember passwords and physical tokens.

The iris recognition segment will witness significant growth in the consumer electronics biometric market during the forecast period. The Iris technology is the type of biometrics authentication that uses the irises to uniquely identify. The Iris technology depends upon the high-resolution picture of the iris captured by the specialized scanners and cameras for identifying features like the arrangement of crypts, furrows, and rings. The technology provides high-quality security services to various industries, such as banking and financial services, airports, offices, and others.

Security Level Insights

The single-factor authentication segment held the largest share of the consumer electronics biometric market in 2024. The single-factor authentication is the technology that provides the verifiable credential to access online resources. Password-based authentication is one type of single-factor authentication. The increasing adoption of single-factor authentication by different devices or websites is driving the growth of the market.

The multi-factor authentication segment will witness significant growth in the consumer electronics biometric market during the forecast period. In this type of authentication, users need to provide more than one password or verification details. This type of authentication is designed to enhance the security system for sensitive information.

Application Insights

The smartphone segment dominated the consumer electronics biometric market in 2024. The increasing penetration of smartphones by the population due to the rising demand for efficient telecommunication devices with additional features is driving the consumer base for smartphones. The rising advancements in smartphone technology and the integration of biometric authentication technology such as fingerprint sensors, iris scanners, and facial recognition for the security of the different applications in smartphone devices.

The wearables segment is anticipated to show notable growth in the consumer electronics biometric market during the anticipated period. The increasing demand for wearable gadgets by the population, such as the evaluation of the smartwatch and fitness tracker with the integration of biometrics authentications for the security and authentication of identity, is driving the growth of the market in the wearable application segment.

End Market Insights

The consumer segment dominated the global consumer electronics biometric market in 2024. The increasing consumer base for technologies such as smartphones, tablets, laptops, wearable gadgets, and other technologically advanced gadgets with integrated biometrics authentication technology to restrict security infringement and prevent gadget theft is driving the market's growth.

The business segment will experience substantial growth in the consumer electronics biometric market during the predicted period. The increasing industrial and commercial infrastructure across the world causes a higher demand for biometrics authentication systems for attendance, security purposes, and convenience purposes. The increasing adoption of biometrics authentication from different industries, such as government, healthcare, and education.

Consumer Electronics Biometric Market Companies

• Gemalto
• Aware
• Fingerprint Cards
• Nuance Communications
• Suprema
• FaceFirst
• Precise Biometrics
• Qualcomm
• Synaptics
• NEC
• DERMALOG
• 3M Cogent
• IDEMIA
• Thales

Latest Announcement by Industry Leaders

• In October 2024, Joakim Nydemark, the CEO of Precise Biometrics, was invited by the Redeye AutoTech event held at Gothenburg to share their words. There are a number of automotive technology companies and industry leaders like Volvo Group, niche players, and automotive investors. 

Recent Developments

• In October 2024, Rheinmetall Dermalog Sensortec and Infineon Technologies launched the biometric identification and authentication tools, based on facial recognition and fingerprint for road safety through advanced driver monitoring systems (DMS). 
• In June 2024, Mastercard expanded its global Biometric Checkout Program in Latin America (LAC). Mastercard, partnering with Fulcrum Biometrics, Ingenico, Scanntech, and Fujitsu Frontech, launched the revolutionary in-store biometric payment experience at Tienda Inglesa’s Red Expres in Uruguay.
• In March 2024, JPMorgan targeted the launch of a biometric checkout service with its merchants in early next year. The biometric checkout service will be launched in partnership with software firm PopID.
• In January 2024, Mastercard launched the Mastercard Biometric Authentication Service, for enhancing the security and convenience for consumers. The service uses biometrics such as, facial recognition, iris scans, and fingerprints for securely verifying personal data. 
• In November 2024, Qualcomm Incorporated, a leading player in intelligent computing, announced the host of Investor Day 2024: IoT and Automotive Diversification. President and CEO of Qualcomm Amon and company executives sharing the company’s future planning with the implementation of generational and transformative opportunities of Gen AI and creating a robust position in offering AI-driven solutions and experiences across different industries and devices. 

Segments Covered in the Report 

By Technology

• Fingerprint Recognition 
• Facial Recognition 
• Iris Recognition 
• Voice Recognition 
• Other

By Application

• Smartphones 
• Laptops 
• Tablets 
• Wearables 
• Other

By End Market

• Consumer 
• Business 
• Other

By Security Level

• Single-Factor Authentication 
• Multi-Factor Authentication 

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa