Press release
Global Biometric Chip Market Research Report 2023
Biometric Chip MarketBiometric sensors are semiconductors with embedded algorithms that are used in security systems or environments that require user authentication. They produce electrical signals from fingerprints or other physical characteristics in biometric access control systems. Biometric sensors consist of an array of tiny electrodes and an analog-to-digital converter (ADC) that digitizes information from the sensor array. In fingerprint access control systems, the user presses an index finger to a scanning device that includes a biometric sensor. The varying capacitive values across the sensor array are then converted into an image of the fingerprint. Other components of the biometric access control system then compare the image to a stored template.
The global Biometric Chip market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Biometric Chip is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Biometric Chip is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
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The key global companies of Biometric Chip include Access, Security & Parking Systems, Inc. (ASPS), AlpVision SA, BIO-key International, Inc., Centeye, Inc., EgisTech Inc., Midas Touch, Inc., Novasentis, Inc., Owlstone Inc. and Valencell, Inc., etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Biometric Chip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biometric Chip.
The Biometric Chip market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Biometric Chip market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Biometric Chip manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company:
• Access, Security & Parking Systems, Inc. (ASPS)
• AlpVision SA
• BIO-key International, Inc.
• Centeye, Inc.
• EgisTech Inc.
• Midas Touch, Inc.
• Novasentis, Inc.
• Owlstone Inc.
• Valencell, Inc.
By Type
• Fingerprint Recognition
• Face Recognition
By Application
• Computer and Network Security
• Building and Facility Access
• Mobile Device Security
• Identification
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-33I13965/global-biometric-chip
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