From GlobeNewswire: 2025-05-28 09:21:00

The Consumer Electronic Biometric Market is expected to reach USD 128.55 billion by 2032, growing at a CAGR of 14.02% due to the rising demand for secure and convenient authentication. The US market is projected to reach USD 25.67 billion by 2032, driven by digital wallets and identity fraud concerns.

In 2024, single-factor authentication dominated the market with a 64.76% revenue share, while multi-factor authentication is expected to grow at a 15.36% CAGR. Fingerprint recognition led the market with a 40.89% share, and iris recognition is projected to grow the fastest at 15.52% CAGR.

The smartphone segment held the largest share at 37.79% in 2024, with wearables expected to grow the fastest at a 15.39% CAGR. The consumer segment led the market with a 61.96% revenue share, while the business segment is projected to grow at a 15.15% CAGR.

North America led the market in 2024 with a 43.23% revenue share, while Asia Pacific is expected to grow the fastest at a 15.43% CAGR. Europe and the Middle East, Africa, and Latin America are also showing steady growth.

Recent developments include DERMALOG-backed Rheinmetall Sensor Tec facing a warning over faulty biometric gun safes and Qualcomm driving biometrics in automotive. Purchase the full report for detailed insights and analysis on the Consumer Electronic Biometric Market.



Read more at GlobeNewswire: Consumer Electronic Biometric Market to Reach USD 128.55