Global Biometric Sensors Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz, in its upcoming report titled, “Global Biometric Sensors Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global biometric sensors market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global biometric sensors market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global biometric sensors market is segmented on the basis of sensor type, application, and region. The global biometric sensors market was valued at US$ XXX million in 2016, and is expected to reach US$ XX.X billion over the forecast period at a CAGR of X.X%.

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A biometric device is a security identification and authentication device that uses biometric sensors to verify or recognize identity of an individual. Biometric sensors are transducer that convert biometric treat such as fingerprint, voice, face, etc. of a person into an electrical signal. These sensors read or measures pressure, temperature, light, electrical capacity or any other kind of energy.

Increasing adoption of biometric-based identity and authentication methods by various end-use industries owing to increasing security threats and incidences of duplicate identity cases are major factors driving growth of the global biometric sensors market. In addition, increasing demand for consumer electronics such as smartphones, tablets, smart wearables etc. that uses biometric sensors for various function such as authentication, to measure heart rate, etc. are other factors driving growth of the global biometric sensors market. Rising application of biometric technology in finger and facial scan solutions in security, banking, and defense sectors is further propelling growth of the global biometric sensors market.

Major factors hampering growth of the global biometric sensors market are concerns regarding privacy of biometric data and stringent government regulations. In addition, high investment for R&D is another factor hampering growth of the global biometrics sensors market.

Various industry verticals are adopting multimodal or multi-factor authentication, which is current trend in the market. Also, biometric sensors are used in medical & research labs, commercial and residential buildings, and in smart weapons.

Asia Pacific dominates the global biometric sensors market and accounts for XX% of the market share.  This growth is attributed to presence of major sensor and consumer electronics vendors in this region.The market in North America is expected to witness significant growth during forecast period owing to increasing application of biometric technology in commercial centers and international airports.  The market in Europe is expected to register a CAGR of XX% during the forecast period.

Global Biometric Sensors Market Segmentation:

Segmentation on the basis of sensor type:

• Capacitive sensor
• Optical sensor
• Thermal sensor
• Ultrasound sensor
• Electric field sensor

 Segmentation on the basis of application:

• Voice scan
• Finger scan
• Hand scan
• Facial scan
• Iris scan
• Vein scan
• Others

Region-wise segmentation:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa