Biometric sensor market

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)

Introduction Biometric sensor device is a breakthrough technology, which eradicates various securityrelated 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.

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.

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.

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.

Biometric Sensor Market

Market Segments

By Product Type

By Application

By End User

Capacitive Sensors

Voice Scan

Consumers Electronics

Ultra Sound Sensors

Finger Scan Hand Scan

Commercial Centers

Optical Sensors Facial Scan Thermal Sensors Electric Field Sensors

Medical Research & Lab

Iris Scan Vein scan

Bank & Finance Service Sector

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.

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)

Biometric Sensor Market

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