Access Full Summary: https://www.alliedmarketresearch.com/biometric-sensor-market Biometric sensor device is a breakthrough technology, which eradicates various security-related issues from different domains. Constant downfall in the prices of biometrics sensors is registered, which makes it affordable. Multiple issues are reported with current security methods such as pin codes or passwords that can be easily hacked, whereas biometric sensor security systems are safer and authentic, driving its adoption in many segments.

1. Biometric Sensor
Market
Opportunities and Forecasts,
2014 – 2022
Biometric Sensor Market by Type (Capacitive Sensors, Optical Sensors,
Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors), Application
(Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, and
Others)

2. Biometric Sensor Market
Introduction
Biometric sensor device is a breakthrough technology, which eradicates various security-
related issues from different domains. Constant downfall in the prices of biometrics
sensors is registered, which makes it affordable. Multiple issues are reported with current
security methods such as pin codes or passwords that can be easily hacked, whereas
biometric sensor security systems are safer and authentic, driving its adoption in many
segments.

3. Biometric Sensor Market
Current and Future Market Scenario
• In application segment, finger scan held over 35% share in 2015 due to increased
threat of cyber-attacks and security concerns.
• Commercial centers & buildings (airports, offices) contributed over 30% of the overall
biometric sensor market in 2015.
• Global Biometric Sensor Market is expected to garner $1.5 billion by 2022.
• Biometric Sensor Market will grow at a CAGR of 9.6% during the period 2016-2022.
• Thermal sensor is estimated to witness the highest growth rate owing to increase in
demand for temperature sensors among industrial end users, electronic devices, and
developing automotive industry in emerging markets.

4. Biometric Sensor Market
Top Winning Strategies
Prominent strategies adopted by the key players include product launches, acquisitions,
agreements, and partnerships to maintain a strong foothold in the market. Key market
players such as Infineon Technologies launched a FIDO-certified Bluetooth low energy
design for wireless authentication tokens through which consumers can securely
authenticate their online activities on mobile.

5. Biometric Sensor Market
Factors Contributing to Market Growth
Growth in the demand for biometric sensors in commercial centers & buildings for
authentication and security drives the growth of this segment worldwide. voice scan is
expected to witness highest growth rate of 11.3% owing to rise in the demand for
biometric sensors in consumer electronics and in smart gadgets for voice recognition.
Other factors that contribute to market growth are:
• Increasing Security Threat And Privacy Concerns.
• Increasing Demand Of Biometric Sensors In Medical And Defence Sector.
• Increasing Demand Of Smart Gadgets With Biometric Sensors.
• Government Projects And Constant Development In Research And Development
Of Biometrics.

6. Biometric Sensor Market
Market Segments
By Product Type
Capacitive Sensors
Ultra Sound Sensors
Optical Sensors
Thermal Sensors
Electric Field Sensors
By Application
Voice Scan
Finger Scan
Hand Scan
Facial Scan
Iris Scan
Vein scan
By End User
Consumers
Electronics
Commercial Centers
Medical Research &
Lab
Bank & Finance
Service Sector

7. Biometric Sensor Market
Cybercrime Rate In 2015
• In the current modernized digital world, security threats are increasing rapidly.
Financial and banking sectors are interconnected via Internet, and the data related to
consumers is very confidential and highly prone to cyber-attacks. The percentage of
cyber-attacks is increasing at rapid rate, for example, in 2014 cybercrime, cyber
espionage, and cyber warfare rate was 62.70%, 28.00%, and 5.30%, respectively.

8. Biometric Sensor Market
Leading Players
• Key players in the Biometric Sensor Market focus on expanding their business
operations in the fast-growing countries with new product launches through various
R&D facilities.
• The major players profiled in this report include 3M (U.S.), Suprema Inc. (South Korea),
CrossMatch Technologies Inc., IDEX ASA (Norway), Infineon Technologies AG
(Germany), Fulcrum Biometrics, Safran (France), Precise Biometrics Ab (Sweden), NEC
Corporation (Japan), and ZKTecoInc (China)

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