Biometric Sensors Market to Grow at 12.3% CAGR, Reaching USD 3.83 Billion by 2030

Biometric Sensors market size was valued at USD 1.7 Billion in 2023 and the total Biometric sensors market revenue is expected to grow at a CAGR of 12.3 % from 2024 to 2030, reaching nearly USD 3.83 Billion by 2030.

A global Semiconductor business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the "Biometric Sensors Market". The report is a combination of primary data and secondary data and domain experts have analysed the Biometric Sensors Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Biometric Sensors Market to grow from USD 1.7 Bn in 2023 to USD 3.83 Bn in 2030 at a CAGR of 12.3 percent.

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Biometric Sensors Market Report Scope

Market Size in 2023: USD 1.7 Billion
Market Size in 2030: USD 3.83 Billion
CAGR: 12.3 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 287
No. of Tables: 83
No. of Charts and Figures: 72
Segment Covered: By Type, Application, End User.
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market
Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition
Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Biometric Sensors Market Report Scope and Research Methodology

For the comprehensively study of the Biometric Sensors Market, a research methodology is carried out by defining the scope of the market, including its segments, applications, and geographical regions. This research methodology gives strategic recommendations based on comprehensive insight into the market dynamics, opportunities, and challenges regarding the Biometric Sensors Market

Biometric Sensors Market Dynamics

Data security concerns and advancements in the technology sector boost the Biometric sensors market growth in the estimated period. 3M Company has recently announced a significant advancement in the biometrics sensor market with the development of their new Near Infrared Transmission System (3M NITS). The breakthrough allows phone manufacturers to produce smartphones with edge-to-edge LCDs that offer the same display quality, security, and performance as OLED devices, but at a much lower cost. The 3M NITS employs advanced, micro-thin display films that permit optical fingerprint sensors to capture fingerprint data through the display. This enables the removal of the traditional home button, commonly used to house biometric sensors, without sacrificing biometric functionality.

Biometric Sensors Market Regional analysis

Asia Pacific tends to hold the largest CAGR of the global biometric sensors industry share in 2023 and is expected to gradually increase over the forecast period. In the Asia Pacific key component manufacturers are present in countries such as China and Taiwan, which has led the region to dominate the global biometric sensing industry. North America holds most of the share of the Biometric sensors market after the Asia Pacific region in 2023.

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Biometric Sensors Market Segmentation

By Type:

• Capacitive Sensors
• Ultra Sound Sensors
• Optical fingerprint Sensors
• Thermal Sensors
• Electric Field Sensors

By Application:

• Voice Scan
• Finger Scan
• Hand Scan
• Facial Scan
• Iris Scan
• Vein scan

By End-User:

• Consumer Electronics
• Travel & Immigration
• Government & Law Enforcement
• Banking & Finance
• Commercial
• Smart homes
• Healthcare
• Military, Defence, & Aerospace

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Biometric Sensors Market's Key Players include:

• 3M Cogent
• Crossmatch Technologies Inc.
• Safran, NEC Corporation
• Fujitsu, Fulcrum Biometrics
• Precise Biometrics Ab
• Infineon Technologies AG
• ZKTECO Inc.
• Shenzhen Goodix Technology Co., Ltd.
• Fingerprint Cards AB

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Key questions answered in the Biometric Sensors Market are

• What is the growth rate of the Biometric Sensors Market?
• Which region is expected to dominate the Biometric Sensors Market?
• What is the expected Biometric Sensors Market size by 2030?
• Which are the top players in the Biometric Sensors Market?
• What are the factors driving the Biometric Sensors Market growth?
• Which country held the largest Biometric Sensors Market share in 2023?

Key offerings

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Type, Application, End User and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations

Maximize Market Research is leading Semiconductor research firm, has also published the following reports:

Fingerprint Sensor Market was worth US$ 3.85 Bn. in 2022 and total revenue is expected to grow at a rate of 10% CAGR from 2023 to 2029, the market is reaching almost US$ 7.50 Bn. in 2029.

Electrical Appliances Market was valued at US$ 523.13 Bn. in 2022. The market size is estimated to grow at a CAGR of 8.91 % over the forecast period.

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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