Biometric Sensors Market By Sensors Type (Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors), By Application (Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, and Others), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI78919 | Publish Date: April 2024 | No. of Pages: 168

Global Biometric Sensors Market By Overview

Biometric Sensors Market was valued at USD 1.6 Billion in 2024 and is projected to grow at a CAGR of 10.20% to reach USD 4.2 Billion by 2034

Biological data, such as physical and behavioural characteristics, can be analysed statistically using biometry. Sensors calculate temperature, pressure, speed, light, and electrical capacity. These sensors are compact in size, making it simple to incorporate them into machinery. It is a ground-breaking solution that resolves a range of security-related issues in numerous sectors. In today's world, they have become essential pieces of specially built technology that scan and analyse the vein patterns or other distinctive characteristics in your fingertip. The global biometric sensor market is predicted to grow significantly over the projected period as a result of the rise in cyberattacks and security issues. Costly R&D expenditures, however, are anticipated to impede the biometric sensor industry's growth.

Biometric Sensors Market Report

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Global Biometric Sensors Market By Drivers & Restraints

The growing use of wearable and portable biometric devices is anticipated to drive growth in the market for biometric sensors over the anticipated time frame. Financial institutions are putting more of a focus on biometric choices as a result of the advent of digitization for safer and more productive operations. The market for biometric sensors is being favourably impacted by the rise in identity and data theft incidents and the desire for better biometric systems. In addition to research facilities and educational hubs, biometric sensors are employed in hotels, malls, offices, airports, and other public spaces. High-security defence universities also employ cutting-edge biometric technologies to safeguard private information. To enhance operations, biometric systems are installed in critical locations including defence and army headquarters.

Global Biometric Sensors Market By Segmentations & Regional Insights

Biometric Sensors Market is segmented based on sensor type, application and region.

On the basis of Sensor type, the Biometric Sensors Market is segmented into Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors. On the basis of application, the Biometric Sensors Market is segmented into Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, and Others.  

Regional Insights:

On region the Biometric Sensors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to increased R&D (research and development) activities to develop smart weapons, technological advancements by key players to develop smart weapons, and quick adoption of novel technologies to create precise, dependable, and effective smart weapons, North America is anticipated to hold the largest market share of the global biometric sensor market during the forecast period.

Attribute

Details

Base year for estimation

2023

Forecast period

2024– 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Sensor Type - Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors.

By Application - Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, and Others. 

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Biometric Sensors Market report based on device, contain, deployment and region:

Biometric Sensors Market, By Sensor Type 

  • Capacitive Sensors
  • Optical Sensors
  • Thermal Sensors
  • Ultrasound Sensors
  • Electric Field Sensors

Biometric Sensors Market, By Application

  • Voice Scan
  • Finger Scan
  • Hand Scan
  • Facial Scan
  • Iris Scan
  • Vein Scan
  • Others

Biometric Sensors Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Biometric Sensors Market By Competitive Landscape & Key Players

The key players operating the Biometric Sensors Market includes 3M Cogent, Inc., Crossmatch Technologies Inc., Idex ASA, Infineon Technologies AG, Fulcrum Biometrics, LLC, Safran SA, Precise Biometrics AB, NEC Corporation, Zkteco Inc., and Suprema Inc.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".

Global Biometric Sensors Market By Company Profile

FAQs

Biometric Sensors Market report segments the market on the basis sensor type, application and region.

The market for biometric sensors is expected to rise due to the increasing use of wearable and portable biometric devices.

By Region, Asia-Pacific dominates the biometric sensors market due to the governments from several countries and states have ordained rules governing the gathering, use, and discarding of such close information by entities.

Key players in the biometric sensors market includes 3M Cogent, Inc., Crossmatch Technologies Inc., Idex ASA, Infineon Technologies AG, Fulcrum Biometrics, LLC, Safran SA, Precise Biometrics AB, NEC Corporation, Zkteco Inc., and Suprema Inc.