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.
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Scope of Biometric Sensors Market