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Published Date: 2015-12-31Number of Pages: 163

Biometric Sensors Market By Type (Capacitive sensors, Optical sensors, Thermal sensors, Ultrasound sensors, Electric field Sensors) By Application (Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan) By End use (Consumer electronics, Commercial centers and buildings , Medical and research labs , Banking, Financial services sector, Defense and security) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Global market for biometric sensors has been covered under the scope of this report. Biometric sensors are an essential part of identity technology. They can be defined as a ubiquitous technology that can be used in high definition cameras primarily for facial recognition and microphones for voice capturing purposes. The specially-designed units that can be customized to scan the vein patterns beneath the skin are also biometric sensors. Some key attributes of biometric sensors include fast verification and identification. Biometric sensors are breakthrough technology, which weed out various security-related issues from different domains. Technological advancements coupled with rising demand for biometric technology in different sectors such as automotive, commercial centers, consumer electronics and defense and security among others are offering great opportunities for the major players in the biometric sensors market.

Rising demand for fingerprint identification for gaining access in smart phones and other smart gadgets has positively impacted the growth of biometric sensors market. Growing demand for biometric sensor based tablets, smartwatches, wearable devices, and other consumer electronic products is acting as one of the major drivers for this market. Convenience of use and comprehensive nature of biometric sensors are among the key drivers for the global biometric sensors market. Biometric sensors are lightweight and compact in design. Furthermore, they can be easily installed in devices. Growing preference for stronger systems of security and convenience in terms of application are major factors contributing to the growing popularity of biometric sensors at the global level.

Increasing application of biometric technology in different sectors such as commercial centers, offices and airports coupled with rising application of finger and facial scan solutions in security and defense sector is some of the major factors contributing in the growing demand for biometric sensors market globally. Moreover, rising demand for fingerprint scanning biometric solutions for payments and banking is having a positive impact on the biometric sensors market.

By type, the market can be segmented into capacitive sensors, optical sensors, thermal sensors, ultrasound sensors and electric field sensors (e field). As of 2014, optical sensors held largest share in the market. Wide application in biometric systems and flexibility in application are major drivers for growth of optical sensors.

In terms of application, the market can be segmented into voice scan, finger scan, hand scan, facial scan and iris scan among others. Fingerprint sensors are widely accepted in various industries for authentication purposes in biometric systems. Factors such as rising cases of identity theft and increasing demand for data security and safety are leading to a positive impact on the fingerprint scan market. Finger scan and facial scan together contributed more than 56% share of the total revenue in 2014. Convenience in terms of application along with compact design is some of the major attributes of biometric sensors which in turn are having a positive impact on the market.

In terms of end use, biometric sensor market can be segregated into consumer electronics, commercial centers and buildings (airports, offices), defense and security, medical and research labs and banking and finance services sector among others. Commercial centers and buildings along with defense and security segment together accounted approximately more than 54% share of the total revenue in 2014. Furthermore, application of face scanning biometric sensors in consumer electronic products such as laptops and smartphones is rising owing to increasing preference for data security and heightened safety. In addition, hand, iris and vein scanning biometric technology for authentication and identification is gaining popularity in different sectors which include banking and financial sector, medical and research labs and hotels due to rapid advancements in operation procedures, which is stimulating the market for biometric sensors globally.

The market has been divided into major geographic regions such Asia Pacific, North America, Europe and Rest of the World (RoW). Asia Pacific led the market for biometric sensors in 2014, followed by North America and is expected to maintain its position over the forecast period from 2015 to 2023. Increasing concern towards data security and growing prevalence of identity theft is fueling the growth of the market for biometric sensors in Asia Pacific. Product development and increasing application of biometric technology in large international airports and commercial centers is fueling the biometric sensors market in North America. Demand for integrated fingerprint readers along with biometric lock system in hospitality industry along with in automotive sector is one of the major factors driving the market for biometric sensors in Europe.

Some of the leading players in the biometric sensors market are CrossMatch Technologies, Inc. (U.S.), Fulcrum Biometrics (U.S.), Infineon Technologies AG (Germany), 3M (U.S.), ZKTeco Inc (China), NEC Corporation (Japan), Safran (France), Precise Biometrics Ab (Sweden), Suprema Inc. (South Korea) and IDEX ASA (Norway) among others.

Biometric sensors integrate physical traits of the human body with digital technology in order to provide biometric security. Semiconductor devices like biometric security systems contain algorithms and template database in order to match live biometric samples with the already stored samples in the database. Face metrics, fingerprints, and vein structures in hands among others are some of the physical traits used to prepare desired templates. Increasing concerns of privacy and security along with growing demand for smart gadgets with biometric security systems are some of the major driving factors for the market. A biometric sensor is a transducer that converts a biometric treat such as voice, face, and fingerprint etc. of a person into an electrical signal. Sensors generally measure temperature, pressure, light, electrical capacity, and speed. Biometric sensors are lightweight and compact in design. Furthermore, they can be installed in devices very conveniently. Some key attributes of biometric sensors include fast verification and identification. Biometric sensors are a breakthrough technology, which weed out various security-related issues from different domains. 

Factors such as increasing emphasis on better security and safety, application of fingerprint scan, facial scan, hand scan, and voice scan are expected to see positive growth during the forecast period from 2015 to 2023. Increasing emergence of mobile and online financial transactions, biometric security solutions have found a huge opportunity in the financial sector. Biometric sensors technology can be used in a wide number of applications such as automotive, consumer electronics, commercial centers, and hospitality industries. In the sectors where safety, privacy, and security are of primary concern, biometric sensors are expected to find opportunities in applications such as making transactions and operations. 

Biometric and fingerprint sensors have become a standard feature in consumer electronic products. Sensing the consumer preference for security and privacy, the key manufacturers of smartphones and other gadgets have started offering fingerprint sensors as a part of certain products. The demand for biometric security technology is on the rise due to the fact that the users of smartphones and other smart gadgets have become more familiar and comfortable with using tools such as fingerprint identification for gaining access. Growing demand for tablets, smartwatches, wearable devices, and other consumer electronic products is acting as one of the major drivers for this market. Furthermore, some of the factors acting as restraining factors for the market include limitation of application in different geographical regions due to cultural barriers and lack of standardization in the process of implementation and development of technical standards. However, graphene enable sensors are the future of the biometric sensors market. 

Based on type, the market is segmented into capacitive sensors, optical sensors, thermal sensors, ultrasound sensors, and electric field sensors (eField). In terms of application, the market is segmented into voice scan, finger scan, hand scan, facial scan, iris scan, vein scan, and others. Furthermore, by end use, the market is segmented into consumer electronics, commercial centers and buildings, defense and security, medical and research labs, banking and financial services sector among others. 

Geographically, the global biometric sensors market is categorized into North America, Europe, Asia Pacific and Rest of the World (RoW). The scope of the report offers an insight into biometric sensors market in these regions based on revenue (USD million) and volume (million units). 

The report also includes competitive profiling of leading players in the industry and their market share to aid in strategic decision making. The market attractiveness analysis and company market share analysis included in the report provide insight into market dynamics, industry competition and strategies adopted by market leaders. 

The report also breaks down and reviews the various factors impacting the market growth, which can be appropriately described as market drivers, restraints, and opportunities. These factors help to determine the various existing trends and their impact on the market growth. Overall, taking into consideration the various factors affecting the biometric sensors market, the report includes a holistic analysis of the global biometric sensor market, and provides an estimate of growth for the period 2015 to 2023. 

Some of the leading players in the biometric sensors market are CrossMatch Technologies, Inc. (U.S.), Fulcrum Biometrics (U.S.), Infineon Technologies AG (Germany), 3M (U.S.), ZKTeco Inc (China), NEC Corporation (Japan), Safran (France), Precise Biometrics Ab (Sweden), Suprema Inc. (South Korea) and IDEX ASA (Norway) among others.


 
 
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