The global biometric sensors market was valued at US$ 969.4 million in 2017 and is expected to witness a CAGR of 8.3% during the forecast period (2017 – 2025).
Global Biometric Sensors Market, By Product Type (Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, Electric Field Sensors), Application (Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Middleware, Vein Scan), End Use Industry (Consumer electronics, Automotive, Hospital, Commercial Center, Educational Hubs, Research labs, Banking and Financial sector), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 969.4 million in 2017 and is expected to exhibit a CAGR of 8.3% over the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights
Market Overview:
A biometric sensor is an electronic device that uses bodily fluid to gain information about a person. A fingerprint or finger scan can provide information about glucose levels in a diabetic patient’s blood. A biometric sensor can measure heart rate, respiration rate, muscle activity, and brain activity. It can also detect proximity and force. Electrical muscle stimulation (TES) is one of the most popular uses of a biometric sensor. These electrical pulses can speed up recovery time for people who have a variety of health conditions. The technology has numerous applications. It is being used in commercial buildings, smart weapons, and medical & research labs.
Competitive Landscape:
3M, Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc. and Suprema Inc.
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Key Market Drivers:
Expansion of financial institution and growing digitalization is a prime factor augmenting growth of the biometric sensor. Advancement in the wearable consumer electronic gadgets is again fostering growth of the market. Various institution as well as government are deploying biometric sensor for better management of employee attendance. This is also expected to propel growth of the market.
Increasing integration of biometric in luxury car is again driving market growth. They are used for identifying voice, gesture, iris recognition, and fingerprint.
Covid-19 Impact Analysis
The market of biometric sensor experience negative growth slope during Covid-19 pandemic due social distancing and lockdown norms. Due to this various companies shut down their facilities. For instance, ELAN Microelectronics announced that its business was majorly affected in February 2020 due to COVID-19, as most of its touch modules were outsourced. To counter the problem, ELAN relocated partial production of its outsourced touchpad module to its in-house production line in Taiwan.
Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
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Some of the important questions answered in this report include:
What are the top five Biometric Sensors Market players?
What will the Biometric Sensors Market look like in the following years?
Which product and application will dominate the Biometric Sensors Market?
What are the Biometric Sensors Market’s drivers and restraints?
Which regional market will represent the highest growth?
What will be the CAGR and market size of the Biometric Sensors Market over the forecast period?
What is the present market size, what will it be in 2029, and what will be the growth rate?
What are the constraints to market growth?
What market opportunities and risks do the key companies face?
Who are the main competitors, and what is their strategic approach?
What are the market’s entry challenges for new players?
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Detailed TOC of Biometric Sensors Market Forecast Report:
1 Biometric Sensors Market Overview
1.1 Product Overview and Scope of Biometric Sensors Market
1.2 Segment by Type
1.3 Global Segment by Application
1.4 Global Market, Region Wise (2017-2022)
1.5 Global Market Size of Biometric Sensors Market (2017-2029)
2 Global Biometric Sensors Market Landscape by Player
2.1 Global Biometric Sensors Market Sales and Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price by Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Biometric Sensors Market Upstream and Downstream Analysis
3.1 Industrial Chain Analysis
3.2 Key Raw Materials Suppliers and Price Analysis
3.3 Key Raw Materials Supply and Demand Analysis
3.4 Manufacturing Process Analysis
3.5 Market Concentration Rate of Raw Materials
3.6 Downstream Buyers
3.7 Value Chain Status Under COVID-19
Market Segment Analysis:
Key Takeaways:
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The biometric sensor market is expected to exhibit a CAGR of 8.3 % over the forecast period owing to the advancement in the technology. For instance, in October 2019, Next Biometrics has launched two new products for the access control market. One Touch Access 110 and 115 have been specifically designed for integration into time and attendance terminals, access control readers, door locks and other devices for securing physical access as well as improving device-level security.
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Asia Pacific is expected to witness significant growth over the forecast period owing to the increasing use of fingerprint sensors in consumer’s electronic products. There is a high usage of consumer electronic products in the region. According to the India Brand Equity Foundation, Indian appliance and consumer electronics (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and consumer electronics industry is expected to double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025.
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About Us
Coherent Market Insights is a global market intelligence and consulting organization, focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 32 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and start-ups looking to establish a foothold in the market. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele.
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