Biometric sensors come under identity technology. They are the transducers which change biometric traits such as voice, iris, face, fingerprints, and so on into electrical signals. Various wearable gadgets, for example smart bands, ear pods, smartwatches, and eyeglasses are integrating biometric sensors that have the ability to recognize a person’s biometric traits such as blood pressure and heart rate. Biometric sensors have emerged as a groundbreaking technology to ward off security-related problems in various industries. Increase in demand for biometric identification in several industries for example consumer electronics, commercial centers, defense and security, and automotive are serving the immense scope of growth in the global market in forthcoming years.
What are the factors impacting the overall market growth?
Increase in demand for fingerprint scan in order to get access in smart phones and other smart devices has boosted the growth in global biometric sensors market, positively. Moreover, rise in demand for smartwatches, tablets based on biometric sensors, consumer electronic products, and wearable devices are some of the drivers fuelling the demand for biometric sensors in the market. Apart from that, the comprehensive nature of the devices and the ease of use are also contributing in rising market demand. Biometric sensors are usually very small in size and light-weight, which makes their installation easy in any of the gadgets. Increased preference for the convenience and security as per the applications is another driving factors in the global biometric sensors market.
On the basis of application, the market is divided into finger scan, voice scan, hand scan, iris scan, and facial scan among the rest of them. Among these, fingerprint sensors are broadly accepted in several sectors for authentication of the individuals in biometric systems. Apart from these, the increased cases of identity theft along with demand for stronger data security are impacting the global market positively. Along with that, the growth in demand for biometric sensors in banking and payment purpose are also adding to the market growth.
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Which geographical region is anticipated to dominate the market?
Geographically, the global biometric sensors market is segregated into North America, Asia Pacific, Europe and Rest of the World (RoW). Among these, in 2014, Asia Pacific region dominated the market for biometric sensors. The region was trailed by North America and is likely to sustain its market position in coming years as well. Besides, growing concerns to eradicate security issues and rising in number of identity theft are supporting the growth of the market in the region. Rise in usage of biometric innovations in big commercial centers, and international airports and product development are contributing in the market growth in North America region. Moreover, rise in usage of biometric sensors in automotive and hospitality sector is the drivers propelling the growth of Europe region.
What are the major firms leading the biometric sensors market?
Fulcrum Biometrics (U.S.), CrossMatch Technologies, Inc. (U.S.), Infineon Technologies AG (Germany), ZKTeco Inc (China), 3M (U.S.), NEC Corporation (Japan), Precise Biometrics Ab (Sweden), Safran (France), IDEX ASA (Norway), and Suprema Inc. (South Korea) are some of the key players dominating the global biometric sensors market.