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Global Biometric Sensor Market is projected to be valued $1.8 Billion by 2024; with a CAGR of 9.6% from 2017 to 2024. A biometric sensor is a transducer that converts a biometric treat of a person into an electrical
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Global Biometric sensors Market 2018 – 2025 Published By: Accurize Market Research Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
Global Biometric sensors Market is Estimated to Reach $1.8 Billion by 2024, Says Accurize Market Research • Global biometric sensors market report published by Accurize Market Research forecast that the global market is expected to reach $1.8 billion by 2024; growing at a CAGR of 9.6% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period. • Request Sample: https://www.accurizemarketresearch.com/report/biometric-sensor-market/sample-request Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
Increasing demand for fingerprint identification in Smartphone’s, tablets, and other electronic devices across the globe to drive the growth of the market Increasing demand for fingerprint identification in Smartphone’s, tablets, and other electronic devices fuels the demand for the global biometric sensors market. Moreover, various innovative features such as light weight and compact design also boost the growth of the market. • Ask for customization: https://www.accurizemarketresearch.com/report/biometric-sensor-market/ask-for-customization Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
Market Segmentation • The global biometric sensors market has been bifurcated on the basis of type, application, end-user and geography. • By type, the global biometric sensors market is further segmented into thermal sensors, ultrasound sensors, capacitive sensors, optical sensors, and electric field sensors. • By application, the market is classified into hand scan, finger scan, voice scan, vein scan, iris scan, facial scan, and others. • By end user, the market is bifurcated into consumer electronics, defense & security, medical & research labs, commercial centers & buildings, banking & financial services, and others. • By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). • The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, and others. Asia-Pacific covers China, India, Japan, Taiwan, South Korea, and others. RoW covers South America, Middle East and Africa Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
“Finger scan accounted for the largest market share in the application segment", says Accurize By application segment, finger scan accounted for the largest market share in the overall application segment in 2017, driven by rise in demand for data security and growth in cases of identity theft. However, the voice scan segment is anticipated to attain the fastest CAGR during the forecast period 2017-2025. Furthermore, commercial centers & buildings dominated the end user segment accounting for around one-third of the global market share in 2017. Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
“Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize • In 2017, Asia-Pacific accounted for the largest market share of 34.2% in 2017, owing to rise in adoption of biometric sensors across various industries such as, IT & telecommunication, banking, financial sector and others. • North America accounted for the second largest market share of 28.8%, driven by technological advancement and rising application of biometric technology in commercial sectors and international airports. • In terms of growth, RoW is expected to attain the fastest CAGR of 11.9% during the forecast period 2017-2025. • The growth would be primarily seen due to the increasing penetration of Smartphone’s and other biometric based electronics devices in countries such as Japan, China, and India. Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
Top players in the market The key market players include • Precise Biometrics Ab • Infineon Technologies AG • Suprema Inc. • Fulcrum Biometrics • NEC Corporation • Safran • 3M • ZKTecoInc • CrossMatch Technologies Inc. and • IDEX ASA among others. Copyright © 2019 Accurize Market Research sales@accurizemarketresearch.com
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