“Biometric Sensors Market (By Type Capacitive sensors, Optical sensors, Thermal sensors, Ultrasound sensors, Electric field Sensors. By Application - Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scanand Vein Scan. By End use - Consumer electronics, Commercial centers and buildings, Medical and research labs, Banking, Financial services sector, Defense and security) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2025”, in terms of revenue, the Biometric sensors market was valued at US$ 837.6 Million in 2016, and is expected to reach US$ 2,129.6 Million by 2025, expected to grow at a CAGR of 10.9% from 2016 to 2025.
Biometric sensor is the modern version of security system. These types of sensors are a crucial part of the identity technology. A biometric sensor is a kind of transducer that transforms biometric treat such as face, voice, fingerprints and others of a person into an electrical signal. Generally, the biometric sensor reads temperature, pressure, light, electrical capacity, speed and other types of energies. Physical traits of the human body are merged with digital technology in order to impart biometric security which is done with the help of biometric sensors. Physical traits such as fingerprints face metrics and vein structures in hands are often used to develop desired templates. Identification and fast verification are some of the key accredit of biometric sensors. Biometric sensors are compact in design and also light in weight and can be installed in devices very easily.Moreover, the increase in security concerns and also the rise in demand for smart gadgets has augmented the market growth for biometric sensors. The recent innovation in security or privacy system is an example of biometric sensors. Thus, biometric sensors being the future of security system it is expected to enhance the market growth during the forecast period of 2016-2025.