The global Biometric Sensors market is anticipated to grow at a significant CAGR of around 11.7% during the forecast period. The rise in adoption of biometric-based identity and authentication methods by several end-user industries attributed to rising security threats and incidences of duplicate identity cases are factors that drive global biometric sensors market growth. For instance, in January 2022, Samsung launched new fingerprint security IC (integrated circuit) S3B512C with enhanced security features. The new payment security is EMVCo and Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified and performs in line with Mastercard’s latest Biometric Evaluation Plan Summary (BEPS) with several specifications for biometric payment cards. The IC combines a fingerprint sensor, Secure Element (SE), and Secure Processor, that ads an extra layer of authentication and security in payment cards. The high cost of biometric sensors and technology and easy availability of alternative cheap non-biometric technologies are hampering the market to grow. Furthermore, the increasing privacy breaches related concerns are anticipated to become opportunities for the biometrics sensor market.
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Key regions are discussed in this Biometric Sensors Market report such as Europe, Middle East, Africa, North America, Latin America and Asia Pacific. It works as the most effective tool which businesses can make use of for developing the way it understands consumers and augment the potential for gains and growth. It is necessary for businesses of all sizes and benefits them completely. It helps to grow business forward. In order to get several benefits from product portfolio enlargement, it is essential to know more about latest market developments its entire scenario. This Biometric Sensors Market report also helps business owners in knowing market size of major regions as well as market advancements.
Biometric Sensors Market research report also involves discussing about major competitors and their future actions and such information is useful to invest in product launch and start any business. It has the potent to augment the product or service offerings. Competitive analysis covered here for the estimation period 2022-2028 greatly helps business participants to make a few vital actions required for the business expansion. Biometric Sensors Market report also helps start ups by providing them best opportunities available in the market. It also helps them to make the best out of these opportunities.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Biometric Sensors Market by Sensor Type
- Capacitive Sensors
- Optical Sensors
- Thermal Sensors
- Ultrasound Sensor
- Electric Field Sensors
Global Biometric Sensors Market by Application
- Voice Scan
- Finger Scan
- Hand Scan
- Facial Scan
- Iris Scan
- Vein Scan
- Others
Global Biometric Sensors Market by End-User
- Consumer Electronics
- Travel and Immigration
- Government and Law Enforcement
- Banking & Finance
- Commercial
- Automotive
- Smart Homes
- Other
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Arana Security Ltd.
- BioEnable Technologies Pvt Ltd.
- BioRugged Pty Ltd.
- DERMALOG Identification Systems GmbH
- FaceTec, Inc.
- ID R&D Inc.
- Infineon Technologies AG
- Innovatrics
- Mantra Softech (India) Pvt. Ltd.
- NEC Corporation
- Next Biometrics Group
- Precise Biometrics
- Regula Ltd.
- Safran S.A.
- SparkFun Electronics
- Springer Nature Switzerland AG.
- Suprema Inc.
- Synaptics Incorporated
- ZKTECO CO., LTD.
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Biometric Sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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