Biometric Sensor Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033 | 3M Company, IDEX ASA, Suprema Inc., ZKTeco Inc., SAFRAN S. A.

Biometric Sensor Market
Spread the love

Overview and Scope
A biometric sensor refers to a transducer that turns a biometric trait of an individual into an electrical signal. It tackles a variety of security-related concerns across multiple sectors to identify, verify, and authenticate the identification by using tools such as fingerprints, facial recognition, iris, and voice recognition.

Sizing and Forecast
The biometric sensor market size has grown rapidly in recent years. It will grow from $3 billion in 2023 to $3.43 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%.  The growth in the historic period can be attributed to rising concerns about security, government initiatives and regulations, integration in consumer electronics, healthcare applications, rise of wearable devices.

The biometric sensor market size is expected to see rapid growth in the next few years. It will grow to $6.24 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%.  The growth in the forecast period can be attributed to emerging applications in emerging markets, focus on user-friendly and convenient authentication, hospitality and travel industry integration, education sector adoption, demand for contactless authentication. . Major trends in the forecast period include hybrid biometric solutions, smart city initiatives, transparent and explainable ai, integration in healthcare, emphasis on data privacy and security, behavioral biometrics..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/biometric-sensor-global-market-report

Segmentation & Regional Insights
The biometric sensor market covered in this report is segmented –

1) By Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, Electric Field Sensors
2) By Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, Other Applications
3) By End-User: Consumers Electronics, Commercial Centers And Buildings, Medical Research And Lab, Bank And Finance Service Sector, Defense and Security, Other End-Users

North America was the largest region in the biometric sensor market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6941&type=smp

Major Driver Impacting Market Growth
An increase in the number of identity thefts is expected to propel the growth of the biometric sensor market going forward. Identity theft is the theft of personal information, such as social security numbers, bank account numbers, or credit card numbers. Biometrics meet all of the requirements for authentication, non-repudiation, confidentiality, and integrity, which helps in reducing and eradicating identity theft. For instance, in 2021, according to the Identify Theft Resource Centre, a US-based non-profit organization, the total number of data compromises increased by 68% compared to 2020. Further, according to a report by the Federal Trade Commission (FTC), a US-based consumer protection agency, the number of identity theft cases in the US more than doubled in 2020 from 2019. Therefore, an increase in the number of identity thefts is driving the biometric sensor market growth.

Key Industry Players
Major companies operating in the biometric sensor market report are 3M Company, Cross Match Technologies Inc., Fulcrum Biometrics LLC, NEC Corporation, Precise Biometrics AB, IDEX ASA, Suprema Inc., ZKTeco Inc., SAFRAN S. A., Mantra Softech Pvt. Ltd., SparkFun Electronics, BioEnable Technologies Pvt. Ltd., NEXT Biometrics Group ASA, Synaptics Incorporated, HID Global Corporation, Integrated Biometrics, NITGEN COLTD, Shenzhen Goodix Technology Co Ltd, Fingerprint Cards AB, Apple Inc., Egis Technology, Qualcomm Incorporated, TDK Corporation, Vkansee Technology Inc., Lumidigm Inc., BIO-key International Inc., M2SYS Technology, Nuance Communications Inc., Fujitsu Limited, SecuGen Corporation

The biometric sensor market report table of contents includes:
1. Executive Summary

  1. Biometric Sensor Market Characteristics
  2. Biometric Sensor Market Trends And Strategies
  3. Biometric Sensor Market – Macro Economic Scenario
  4. Global Biometric Sensor Market Size and Growth

…..

  1. Global Biometric Sensor Market Competitive Benchmarking
  2. Global Biometric Sensor Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Biometric Sensor Market
  4. Biometric Sensor Market Future Outlook and Potential Analysis
  5. Appendix

Explore the trending research reports from TBRC:

https://topprnews.com/oral-care-market-size

https://topprnews.com/panel-filters-market-growth

https://topprnews.com/non-volatile-memory-express-market

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info

Healthcare Blog: https://healthcareresearchreports.com

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →