The global Biometric Sensor Market size is expected to reach USD 1.83 billion by 2024, according to a new report by Grand View Research, Inc. Technological proliferation and increasing demand in commercial buildings, consumer electronics, and banking applications are expected to drive the market growth.
The development of advanced multimodal techniques for biometric authentication and recognition techniques, which employ verification of more than one biometrics enabling increased security levels across the end-use applications, is driving industry growth. The use of biometric Sensor in consumer electronic devices, such as smartphones and tablets, has resulted in an exponential increase in the sensor shipments.
End-users are increasingly adopting the advanced sensing and authentication technologies aimed at restricting unauthorized access and increasing security. Advanced recognition techniques such as DNA matching as well as vein, iris, and retina recognition have been increasingly adopted across distinct end-use verticals over the past few years.
However, concerns raised over cultural barriers and issues, such as the prevention of misuse of an individual’s biometrics, may pose a challenge to the market growth over the next eight years.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/biometric-sensor-market
Further key findings from the report suggest:
·
Optical, capacitive, thermal, ultrasound, and
electric field Sensor are extensively used in capturing an individual’s
biometrics. Optical Sensor accounted for over 40% of the industry share and are
expected to sustain their supremacy over the forecast period. Fingerprint
scanners used in commercial buildings and offices for access control and log
management extensively employ optical Sensor for capturing, recognizing, and
verifying fingerprints.
·
The finger scan application segment acquired a
significant share of the industry, accounting for over 40% of the overall share
and is expected to maintain its dominance over the forecast period. The hand
and face scan applications are increasingly gaining prominence, owing to the
enhanced security features that they offer.
·
The rising application of fingerprint and facial
recognition and authentication as biometric technology in devices such as
smartphones, tablets, and laptops, along with other smart handheld devices,
have led to the market proliferation. The consumer electronics segment
dominated the overall end-use industry accounting for over 25% of the market
volume share in 2015.
·
The rapidly declining prices of such sensing
components to be used in smartphones and tablets are expected to lead to a
gradual decrease in the revenue generated over the forecast period. The entry
of sensor and component manufacturers from the Asia Pacific countries, such as
China and Taiwan, has led to increased competition in the industry, resulting
in an overall decline in the sensor prices.
·
Asia Pacific dominated the global industry,
contributing over 35% of the market revenue in 2015. The presence of key sensor
and consumer electronics vendors in the region has led the region to hold a
major share in the biometric Sensor industry.
·
Key vendors include 3M Company, Crossmatch, NEC
Corporation, IDEX ASA, and ZKTeco Inc. Manufacturers are offering
technologically advanced and distinguished products and are adopting innovative
distribution strategies, such as e-commerce retailing apart from directly
supplying to the end-use industries.
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Grand View Research has segmented the global biometric sensor market on the basis of product, application, end-use and region:
Biometric Sensor Product Outlook (Volume, Million Units; Revenue, USD Million; 2015 – 2024)
·
Capacitive Sensor
·
Optical Sensor
·
Thermal Sensor
·
Ultrasound Sensor
·
Electric field Sensor
Biometric Sensor Application Outlook (Volume, Million Units;
Revenue, USD Million; 2015 – 2024)
·
Voice scan
·
Finger scan
·
Hand scan
·
Facial scan
·
Iris scan
·
Vein scan
·
Others
Biometric Sensor End-Use Outlook (Volume, Million Units; Revenue,
USD Million; 2015 – 2024)
·
Consumer electronics
·
Commercial buildings
·
Defense
·
Medical
·
BFSI
·
Others
Biometric Sensor Regional Outlook (Volume, Million Units; Revenue,
USD Million; 2015 – 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
