Global Biometric Sensor Market is projected to be valued $1.8 Billion by 2024; with a CAGR of 9.6% from 2017 to 2024. A biometric sensor is a transducer that converts a biometric treat of a person into an electrical signal. Biometric treats mainly constitute biometric fingerprint reader, iris, face, and voice. Biometric sensor is used in microphones and high definition cameras for fast voice verification and facial recognition. Biometric sensors are used by several organizations to increase the level of security and also to protect their data and copyrights.
Increasing demand for fingerprint identification in smartphones, tablets, and other electronic devices is the major factor driving the global biometric sensors market. Moreover, various innovative features such as light weight and compact design have also supplemented the growth of the market. Rising demand for fingerprint scanning biometric sensors in banks and offices, and increasing adoption of stronger security systems across various industry sectors would provide several growth opportunities for the biometric sensor market in the coming years.
The global biometric sensors market has been segmented on the basis of type, application, end-user and geography. By type, the global biometric sensors market is further segmented into thermal sensors, ultrasound sensors, capacitive sensors, optical sensors, and electric field sensors. By application, the market is classified into hand scan, finger scan, voice scan, vein scan, iris scan, facial scan, and others. By end user, the market is bifurcated into consumer electronics, defense & security, medical & research labs, commercial centres& buildings, banking & financial services, and others.
Based on geography, the global biometric sensors market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, and others. Asia-Pacific covers China, India, Japan, Taiwan, South Korea, and others. RoW covers South America, Middle East and Africa.
Major companies operating in the biometric sensor market are Precise Biometrics Ab, Infineon Technologies AG, Suprema Inc.,Fulcrum Biometrics, NEC Corporation, Safran, 3M, ZKTecoInc, CrossMatch Technologies, Inc., and IDEX ASA, among others.
The key takeaways from the report
The detailed analysis of Global Biometric Sensor Marketwith respect to key segments such as type, application, end-user and geography has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including Growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Global Biometric Sensor Markethas been covered in the report
Profile of the major key players operating in the Global Biometric Sensor Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies.
Scope of Biometric Sensors Market
Electric Field Sensors
Defense & Security
Medical & Research Labs
Commercial Centers & Buildings
Banking & Financial Services