What's Driving the Growth in the Biometric Sensor Market? Major Players are 3M Cogent, Crossmatch Technologies Inc., Safran, NEC Corporation, Fujitsu, Fulcrum Biometrics, Precise Biometrics Ab

According to a recent report published by Allied Market Research, the biometric sensor market growing at a CAGR of 12.6% from 2017 to 2025. Increase in demand for biometric fingerprint sensors in smart gadgets contributes to the growth of the overall market.

According to Allied Market Research, the biometric sensor market was valued at $945 million in 2017, and is projected to reach $1,929 million by 2025.

The key players in the biometric sensor market focus on expanding their business operations in the fast-growing countries with new product launches through various R&D facilities. The major players profiled in this report include 3M Cogent, Crossmatch Technologies Inc., Safran, NEC Corporation, Fujitsu, Fulcrum Biometrics, Precise Biometrics Ab, Infineon Technologies AG, IDEX ASA, and ZKTECO Inc.

Download PDF Sample for More Information @ https://www.alliedmarketresearch.com/request-sample/1859

These key players adopt several strategies such as, new product launch and development, acquisition, partnership & collaboration, and business expansion to increase the market share during the forecast period.

Biometric sensors have entered in mainstream market, and several daily use applications such as cell phone companies have initiated to provide fingerprint sensor for lock pattern.

By types, optical sensors dominated the biometric sensor market in 2017. However, thermal sensor is estimated to witness the highest biometric sensor market growth rate owing to increase in demand for temperature sensors among industrial end users, electronic devices, and developing automotive industry in emerging markets. High demand for facial scan-based sensors is on a continuous rise, owing to increasing opportunities in biometric sensor-based car driver monitoring.

Inqiure Before Buy @ https://www.alliedmarketresearch.com/purchase-enquiry/1859

According to the biometric sensor market trends, finger scan held significant share in 2017 due to increased threat of cyber-attacks and security concerns. However, voice scan is expected to witness highest growth rate, owing to rise in the demand for biometric sensors in consumer electronics and in smart gadgets for voice recognition.

Commercial centers & buildings (airports, offices) contributed significant share of the overall biometric sensor market in 2019. Growth in the demand for biometric sensors industry in commercial centers & buildings for authentication and security drives the growth of this segment worldwide. However, consumer electronics is expected to grow fastest rate during the forecast period. This is attributed to increase in demand for smart devices, which utilize biometric sensors for fingerprint locks and voice-based locks systems, which provides overall assistance to the biometric sensor market growth.

Preview Report @ https://www.alliedmarketresearch.com/biometric-sensor-market

Asia-Pacific dominated the biometric sensor market in 2019 and is expected to maintain its dominance, thus creating new opportunities constantly. Some of the Asian Banks have introduced fingerprint-based authentication feature. Thus, demand for biometric sensors is expected to surge in the future.

Asia-Pacific and LAMEA are expected to witness considerably higher growth rates over the forecast period. Currently, these two segments account for 49.4% of the optical sensors market, and are anticipated to reach 53.8% by 2025, owing to high market growth over the next seven years.

North America is the largest market of weapons and arms, with U.S. being one of the leading exporters of weapons globally. U.S. spent nearly $596 billion on defense and arms. U.S. and Canada collectively accounted for about 85.5% of the total North America biometric sensors market in 2017.

Finger scan and facial scan collectively accounted for about 56.5% of the total North America market in 2017, with the former constituting around 38.8%. From a growth perspective, voice scan and vein scan are expected to witness considerably higher growth rates over the forecast period.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.