Biometric Sensors Market Growth Analysis and Development Forecast 2025 by Top Players - 3M, Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab

Biometric sensor is a transducer that transforms a biometric treat for instance voice, fingerprint, face, iris among others of an individual into an electrical signal. The sensors primarily measures as well as delivers pressure, temperature, light, electrical capacity, and speed or other categories of energies. Numerous wearable devices, such as smart bands, smart watches, ear pods, and smart eyeglasses include biometric identification competencies in order to identify a person's biometric characters, which includes blood pressure and heart rate.

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The global biometric sensors market was valued at US$ 969.4 million in 2017 and is expected to witness a CAGR of 8.3% during the forecast period (2017 – 2025).

Market Dynamics
The mounting usage of wearable and portable biometric devices is expected to thrust the growth of biometric sensors market over the forecast period. Increasing consumer inclination towards smart phones is also one of the major reasons behind the growth of biometric sensors market globally. Increasing application for in-car-biometric sensors in luxury cars for better driving experiences is boosting growth the growth of biometric sensor market globally. On the security side, biometric identity features in luxury cars comprises fingerprint, voice, gesture, and iris recognition, which is contributing in the positive development of the market. Advantages of using fingerprint scan, iris scan, palm, and facial recognition to safely operate bank lockers is another major growth boosting factor for the biometric sensors market globally.

Market Taxonomy
This report segments the global biometric sensors market on the basis of product type, application, end use industry, and geography. On the basis of product type, the biometric sensors market is categorized into optical sensors, thermal sensors, capacitive sensors, electric field sensors, and ultrasound sensors. On the basis of application, the market is segmented into voice scan, hand scan, finger scan, iris scan, facial scan, middleware, vein scan, and others. On the basis of end-use industry, the biometric sensors market is categorized into automotive, hospital, commercial center, consumer electronics, educational hubs, banking and financial sector, research labs, and others. Consumer electronics segment is furthermore categorized into smart phones, smart watch, and other smart gadgets. For comprehensive understanding of market dynamics, the global biometric sensors market is analyzed across key geographical regions namely Latin America, North America, Europe, Asia Pacific, Middle East, and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Growing security threat and growth in the demand for biometric sensors in smart gadgets is a prominent factor to fuel the Biometric Sensors market
Developing technological advancement in wearable consumer electronic gadgets is boosting the application of biometric sensors which senses the body temperature, heart rate, and other major attributes of the individual who is wearing the device. Growing implementation of fingerprint sensors in smartphones drives the growth of the market. Increasing application of biometric sensors in cars for better driving experiences is another driver for biometric sensor market globally. Biometric identity features in luxury cars comprises fingerprint, voice, gesture, and iris recognition, which are some the major attributes fueling the demand for biometric sensors. North America is leading the market, followed by Europe. Proliferation of biometric sensors in educational centers, research laboratory and hospitals is fueling the market. The biometric sensors are often exposed to potential challenges, which may manipulate them compromising the security of the system. These factors hinder the growth of the market over the forecast period.

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Key companies covered as a part of this study include 3M, Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., and Suprema Inc.

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This release was published on openPR.