Global Biometric Sensors Market: Innovative Features of Biometric Sensors Noticed by Variant Market Research

SAN FRANCISCO, Nov. 28, 2017 According to the latest report published by Variant Market Research, the global biometric sensors market is projected to reach $1,820 million by 2024, from $868 million in 2016; at a CAGR of 9.7% from 2016 to 2024.

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Rising adoption for fingerprint identification in electronic devices to drive the global biometric sensors market

The global biometric sensors market is driven by factors such as innovative features of biometric sensors like light weight & compact design, and rising adoption for fingerprint identification in tablets, smartphones, and other electronic devices. Lack of skilled trainers to handle the biometric facilities may hamper the market growth. Furthermore, increasing adoption for fingerprint scanning biometric sensors in offices and banks, and rising acceptance of stronger security systems across several industry sectors would offer an opportunity for market players of biometric sensors market.

Market Segmentations

The global biometric sensors market is classified into type, application, end user, and geography. Type segment comprises capacitive sensors, thermal sensors, ultrasound sensors, optical sensors, and electric field sensors. voice scan, hand scan, finger scan, vein scan, iris scan, facial scan, and other applications are covered under the application sub segment. Based on end user, the market is segmented into defense & security, consumer electronics, medical & research labs, commercial centers & buildings, banking and financial services, and other end users. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, Taiwan, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa.) are the key geographical regions included in the global biometric sensors market.

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Finger scan, by application, is estimated to dominated the global market in 2016

Finger scan held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to increase in demand for data security & growth in cases of identity theft.

Commercial centers & buildings, by end user, is estimated to dominated the global market in 2016

Commercial centers & buildings held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to increasing security concerns.

RoW is estimated to witness fastest CAGR from 2016 to 2024

RoW is predicted to grow at a fastest CAGR of 11.9% over the forecast period 2016 to 2024. The growth is attributed to the increasing penetration of smartphones and other biometric based electronics devices in countries such as China, Japan, and India.

Competitive Landscape

The key market players of the market are ZKTeco Inc, NEC Corporation, Infineon Technologies AG, 3M, Precise Biometrics Ab, Safran, Suprema Inc., IDEX ASA, Fulcrum Biometrics, and CrossMatch Technologies, Inc., among others.

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Scope of Biometric Sensors Market

Type Segments

• Thermal Sensors
• Ultrasound Sensors
• Capacitive Sensors
• Optical Sensors
• Electric Field Sensors

Application Segments

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

End-User Segments

• Consumer Electronics
• Defense & Security
• Medical & Research Labs
• Commercial Centers & Buildings
• Banking & Financial Services
• Others

Geographical Segments

• North America
o US
o Canada
o Mexico

• Europe
o UK
o France
o Germany
o Others

• Asia-Pacific
o China
o India
o Japan
o Taiwan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

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About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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