MRRSE has recently added a research document to their roster 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”.
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Biometric sensors market outlook, competitive analysis, industry trends 2015 2023
1. 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
2. Report Description
Biometric sensors integrate physical traits of the human body
with digital technology in order to provide biometric
security. Semiconductor devices like biometric security
systems contain algorithms and template database in order to
match live biometric samples with the already stored samples
in the database. Face metrics, fingerprints, and vein
structures in hands among others are some of the physical
traits used to prepare desired templates. Increasing concerns
of privacy and security along with growing demand for smart
gadgets with biometric security systems are some of the
major driving factors for the market. A biometric sensor is a
3. transducer that converts a biometric treat such as voice, face,
and fingerprint etc. of a person into an electrical signal.
Sensors generally measure temperature, pressure, light,
electrical capacity, and speed. Biometric sensors are
lightweight and compact in design. Furthermore, they can be
installed in devices very conveniently. Some key attributes of
biometric sensors include fast verification and identification.
Biometric sensors are a breakthrough technology, which weed
out various security-related issues from different domains.
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sensors-market
4. Factors such as increasing emphasis on better security and
safety, application of fingerprint scan, facial scan, hand scan,
and voice scan are expected to see positive growth during the
forecast period from 2015 to 2023. Increasing emergence of
mobile and online financial transactions, biometric security
solutions have found a huge opportunity in the financial
sector. Biometric sensors technology can be used in a wide
number of applications such as automotive, consumer
electronics, commercial centers, and hospitality industries. In
the sectors where safety, privacy, and security are of primary
concern, biometric sensors are expected to find opportunities
in applications such as making transactions and operations.
5. Biometric and fingerprint sensors have become a standard
feature in consumer electronic products. Sensing the
consumer preference for security and privacy, the key
manufacturers of smartphones and other gadgets have started
offering fingerprint sensors as a part of certain products. The
demand for biometric security technology is on the rise due
to the fact that the users of smartphones and other smart
gadgets have become more familiar and comfortable with
using tools such as fingerprint identification for gaining
access. Growing demand for tablets, smartwatches, wearable
devices, and other consumer electronic products is acting as
one of the major drivers for this market. Furthermore, some
of the factors acting as restraining factors for the market
include limitation of application in different geographical
6. regions due to cultural barriers and lack of standardization in
the process of implementation and development of technical
standards. However, graphene enable sensors are the future
of the biometric sensors market.
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Based on type, the market is segmented into capacitive
sensors, optical sensors, thermal sensors, ultrasound sensors,
and electric field sensors (eField). In terms of application, the
market is segmented into voice scan, finger scan, hand scan,
facial scan, iris scan, vein scan, and others. Furthermore, by
end use, the market is segmented into consumer electronics,
commercial centers and buildings, defense and security,
7. medical and research labs, banking and financial services
sector among others.
Geographically, the global biometric sensors market is
categorized into North America, Europe, Asia Pacific and Rest
of the World (RoW). The scope of the report offers an insight
into biometric sensors market in these regions based on
revenue (USD million) and volume (million units).
The report also includes competitive profiling of leading
players in the industry and their market share to aid in
strategic decision making. The market attractiveness analysis
and company market share analysis included in the report
8. provide insight into market dynamics, industry competition
and strategies adopted by market leaders.
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The report also breaks down and reviews the various factors
impacting the market growth, which can be appropriately
described as market drivers, restraints, and opportunities.
These factors help to determine the various existing trends
and their impact on the market growth. Overall, taking into
consideration the various factors affecting the biometric
sensors market, the report includes a holistic analysis of the
9. global biometric sensor market, and provides an estimate of
growth for the period 2015 to 2023.
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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