The biometrics market is estimated to grow from $4,217.2 million in 2010 to $11,229.3 million in 2015, at an estimated CAGR of 21.6% from 2010 to 2015. The growth of the biometrics market is mainly due to increasing concerns of the countries in terms of strengthening national security.

Amongst all the biometrics modalities, Automated fingerprint Identification System (AFIS) market was estimated to generate the highest revenue of $1,372.4 million in 2010 and is expected to reach $3,283.7 million in 2015, with a CAGR of 19% from 2010 to 2015. Adoption of AFIS in national ids and civil identification is the prime reason behind the growth of AFIS market. However, the IRIS vein and face market is expected to grow with at a CAGR of 27.5%, 25.4 and 24.2 respectively from 2010 to 2015.

At present, North American region dominates the global biometrics market; followed by Europe- the second largest market for biometrics. These two, together, account for 57.7% of the total global biometrics revenues. ROW and Asia Pacific are the fastest growing regions and this trend is expected to continue in the forecasted period as well. In terms of revenues, Asia Pacific is expected to overtake North America by 2015.

Some of the major players in the biometrics market are NEC (Japan), Sagem Morpho (France.), L1ID (U.S.), Cogent Systems (U.S.), Authentec (U.S.), RCG Holdings (Hong Kong), Fujitsu (Japan), Safetic (Belgium) and many more.

The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the consumer electronics market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to Europe, North America and Asia.

About MarketsandMarkets

MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com

Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.