Biometric Sensors Market : Evolving Technology, Trends and Industry Analysis

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.

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.

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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.

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. 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.

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In terms of end use, biometric sensor market can be segregated into consumer electronics, commercial centers and buildings (airports, offices), defense and security, medical and research labs and banking and finance services sector among others. Commercial centers and buildings along with defense and security segment together accounted approximately more than 54% share of the total revenue in 2014.

The market has been divided into major geographic regions such Asia Pacific, North America, Europe and Rest of the World (RoW). Asia Pacific led the market for biometric sensors in 2014, followed by North America and is expected to maintain its position over the forecast period from 2015 to 2023. Increasing concern towards data security and growing prevalence of identity theft is fueling the growth of the market for biometric sensors in Asia Pacific.

Product development and increasing application of biometric technology in large international airports and commercial centers is fueling the biometric sensors market in North America. Demand for integrated fingerprint readers along with biometric lock system in hospitality industry along with in automotive sector is one of the major factors driving the market for biometric sensors in Europe.

Some of the leading players in the biometric sensors market are CrossMatch Technologies, Inc. (U.S.), Fulcrum Biometrics (U.S.), Infineon Technologies AG (Germany), 3M (U.S.), ZKTeco Inc (China), NEC Corporation (Japan), Safran (France), Precise Biometrics Ab (Sweden), Suprema Inc. (South Korea) and IDEX ASA (Norway) among others.

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