Biometric Sensor Market: Product Development Strategies by Major Industry Players: 3M Cogent, Crossmatch Technologies Inc., Safran, NEC Corp, Fujitsu, Fulcrum Biometrics, Precise Biometrics, Infineon Technologies, IDEX ASA, and ZKTECO

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. These companies 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.

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Key Benefits for Biometric Sensor Market :

o Comprehensive analysis of the current and future trends in the biometric sensor market are provided

o The report offers a competitive scenario of the market and elucidates on the growth trends, driving factors, scope, opportunities, and challenges

o The report includes a comprehensive analysis of the key segments to provide insights on the biometric sensor market

o Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making

o Value chain analysis provides key inputs on the role of stakeholders involved at various stages

Biometric sensor industry is segmented based on biometric sensor type, application, end users, and geography.

The biometrics sensors market is segmented based on different types such as capacitive sensors, ultra sound sensors, optical sensors, thermal sensors, and electric field sensors. Optical sensors are used among large number of applications as compared to other types of sensors available in the market.

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Based on the application, the biometric sensor market is further categorized into voice scan, finger scan, hand scan, facial scan, iris scan, and vein scan.

The end-users for biometric sensors include consumer electronics, commercial centers & buildings, medical research & lab, bank & finance service sector, and others.

The biometric sensor market has been analyzed on the basis of regions, which include North America (U.S., Rest of North America), Europe (UK, Germany, France, Italy, Russia, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

Biometric sensor device is a breakthrough technology, which eradicates various security-related issues from different domains. Constant downfall in the prices of biometric sensor industry is registered, which makes it affordable. Multiple issues are reported with current security methods such as pin codes or passwords that can be easily hacked, whereas biometric sensor security systems are safer and authentic, driving its adoption in many segments.

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.

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 2017. 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.

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.

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.

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Biometric Sensor Market Segments:
The market is segmented on the basis of type, application, end users, and geography.

By Type

o Capacitive Sensors
o Ultra Sound Sensors
o Optical Sensors
o Thermal Sensors
o Electric Field Sensors

By Application

o Voice Scan
o Finger Scan
o Hand Scan
o Facial Scan
o Iris Scan
o Vein scan
o Others

By Geography

o North America

o U.S.
o Canada
o Mexico

o Europe

o UK
o France
o Germany
o Italy
o Russia
o Rest of Europe

o Asia-Pacific

o Japan
o China
o India
o Taiwan
o South Korea
o Australia
o Rest of Asia-pacific

o LAMEA

o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

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