Biometric Sensors Market Top Keyplayers 3M, Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., and Suprema Inc.

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).

Biometric sensor is a transducer that converts a biometric treat like voice, fingerprint, face, iris of an individual into an electrical signal. Escalating application of wearable and portable biometric devices is likely to drive the growth of biometric sensors market over the forecast period. Rising digitalization and financial establishments are concentrating on biometric alternatives for secure and better operations. Increasing incidences of identity and data theft is fueling the demand for advanced biometric systems, which in turn is having a positive impact on the market for biometric sensors.

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The growing digitalization and financial institutions are focusing on biometric alternatives are driving growth of Biometric Sensors market

Global financial movements are becoming digitalized, several banks are employing novel technologies such as, next generation identification measures, to battle fraud, make transactions more safe and secure, and to improve the customer experience. In order to authorize monetary transactions, business clients simply place a finger inside a small desktop scanner than entering PINs or passwords.

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.

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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.

Detailed Segmentation:

• Global Biometric Sensors Market, By Product Type:
o Capacitive Sensors
o Optical Sensors
o Thermal Sensors
o Ultrasound Sensors
o Electric Field Sensors

• Global Biometric Sensors Market, By Application:
o Voice Scan
o Finger Scan
o Hand Scan
o Facial Scan
o Iris Scan
o Middleware
o Vein Scan
o Others

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This release was published on openPR.