07-12-2017 03:17 PM CET - Industry, Real Estate & Construction

Global Biometric Sensors Market to Account for US$1,625.8 mn in Revenue by 2023 - By Type, By Application, By End use - Industry Analysis, Growth, Trends and Forecast

Press release from: Global Biometric Sensors Market

ResearchMoz added Latest Research Report titled " Biometric Sensors Market By Type (Capacitive sensors, Optical sensors, Thermal sensors, Ultrasound sensors, Electric field Sensors) By Application (Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan) By End use (Consumer electronics, Commercial centers and buildings , Medical and research labs , Banking, Financial services sector, Defense and security) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023 " to it's Large Report database.

Global market for biometric sensors has been covered under the scope of this report. Biometric sensors are an essential part of identity technology. They can be defined as a ubiquitous technology that can be used in high definition cameras primarily for facial recognition and microphones for voice capturing purposes. The specially-designed units that can be customized to scan the vein patterns beneath the skin are also biometric sensors. Some key attributes of biometric sensors include fast verification and identification. Biometric sensors are breakthrough technology, which weed out various security-related issues from different domains. Technological advancements coupled with rising demand for biometric technology in different sectors such as automotive, commercial centers, consumer electronics and defense and security among others are offering great opportunities for the major players in the biometric sensors market.

Rising demand for fingerprint identification for gaining access in smart phones and other smart gadgets has positively impacted the growth of biometric sensors market. Growing demand for biometric sensor based tablets, smartwatches, wearable devices, and other consumer electronic products is acting as one of the major drivers for this market. Convenience of use and comprehensive nature of biometric sensors are among the key drivers for the global biometric sensors market. Biometric sensors are lightweight and compact in design. Furthermore, they can be easily installed in devices. Growing preference for stronger systems of security and convenience in terms of application are major factors contributing to the growing popularity of biometric sensors at the global level.

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Increasing application of biometric technology in different sectors such as commercial centers, offices and airports coupled with rising application of finger and facial scan solutions in security and defense sector is some of the major factors contributing in the growing demand for biometric sensors market globally. Moreover, rising demand for fingerprint scanning biometric solutions for payments and banking is having a positive impact on the biometric sensors market.

By type, the market can be segmented into capacitive sensors, optical sensors, thermal sensors, ultrasound sensors and electric field sensors (e field). As of 2014, optical sensors held largest share in the market. Wide application in biometric systems and flexibility in application are major drivers for growth of optical sensors.

In terms of application, the market can be segmented into voice scan, finger scan, hand scan, facial scan and iris scan among others. Fingerprint sensors are widely accepted in various industries for authentication purposes in biometric systems. Factors such as rising cases of identity theft and increasing demand for data security and safety are leading to a positive impact on the fingerprint scan market. Finger scan and facial scan together contributed more than 56% share of the total revenue in 2014. Convenience in terms of application along with compact design is some of the major attributes of biometric sensors which in turn are having a positive impact on the market.

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Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Market Scope
1.3 Key Take Away
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global Biometric Sensors Market Snapshot

Chapter 3 Global Biometric Sesnors Market Overview
3.1 Introduction
3.1.1 Nature of the global biometric sensorsmarket
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunity
3.3 Competitive Strategies Adopted By Major Players
3.4 Porter’s Five Forces Analysis
3.5 Value Chain Analysis
3.6 Market Attractiveness Analysis, By Type
3.7 Market Attractiveness Analysis, By Application
3.8 Market Attractiveness Analysis, By End use
3.9 Key Market Players
3.10 Patent Analysis

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