Skip to main content

Biometric Sensors Market : Projection of Each Major Segment over the Forecast Period

The global market for biometric sensors is foreseen to experience a hike owing to the demand for identity technology. Biometric sensors are important facet of the identity technology that boosts its market demand, states Transparency Market Research (TMR) in its recent report.

The global market of biometric sensors is extremely diverse and populated with several well-known firms working on the advancement of the technology. Infineon Technologies AG (Germany), CrossMatch Technologies, Inc. (U.S.), 3M (U.S.), ZKTeco Inc (China), NEC Corporation (Japan), Suprema Inc. (South Korea), Precise Biometrics Ab (Sweden), IDEX ASA (Norway), and Safran (France) among others.

The market comprises of various International, regional, and local vendors. During the end of year 2016, Gmalto acquired 3M Cogent, with initial deal price og US$ 850 mn. 3M Cogent specializes in biometrics for civil ID, law enforcement, and border control. Moreover, Bpifrance and Advent International also took over Safran Identity and Security which marks the rise of collaborations, partnerships, mergers, and acquisitions among the regional and international players in biometric sensors market.

Obtain Report Details @

https://www.transparencymarketresearch.com/biometric-sensors-market.html

As per the report by a TMR analyst, the market is anticipated to soar high in coming years. The global biometric sensors market was evaluated to be worth US$ 710.0 mn in the year 2014. This figure is likely to reach around US$ 1,625.8 mn by the end of year 2023. The robust CAGR of 9.6% from 2015 to 2023 is speaking of the strong market demand in coming years.

Moreover, in terms of revenue, the market is anticipated to be evaluated around worth US$ 1,799.6 mn by the end of 2023, with gradually expanding CAGR of 15.8%.Several companies are competing neck-to-neck with each other to secure their place in the global or regional market. Various regional and local manufacturers are also selling high quality biometric sensors that are cost-effective as well as accurate. This intensifies the market scenario up a notch.

The biometric sensors have a wide range of usage in various domains. It is used in microphones to sense the voice and in high definition camera to sense face-detection and facial expressions. It is also used to observe and scan vein structure beneath the skin, including properties such as quick identification and verification as well.

Download Table of Content @

https://www.transparencymarketresearch.com/report-toc/8353

Such technological innovations in several domains including consumer electronics, automotive, defense and security, and commercial centers are fueling up the requirement for biometric sensors in the global market. In various offices, smartphones, other smart gadgets, fingerprint identification technology has been gaining a lot of traction. There has been a heavy demand for sensor based wearable devices, tablets, watches, and several other consumer electronics, which contributes as some of the major factors for the market growth.

Although the market scenario of biometric sensors looks quite bright, but certain factors are likely to obstruct the fluent market growth. Regions with various cultural blockage are hampering the market growth. Moreover, improper standardization of the development and implementation process also pulls down the demand of biometric sensors in the market.

There is also a shortage of skilled trainers to manage the biometric facilities, accompanied by inaccurate mathematical calculations from the vendor’s end and uninformed users are some of the other contributing factors that are foreseen to hamper the market growth of biometric sensors on global scale. The consequences of these causes are not analyzed to the optimum yet, but are sure to trigger the fluctuation in market figures. Additionally, standardization with respect to features and authenticity of the design, low accuracy level, lack of reliability are also contributing in the decline of the market demand.

Get Sample copy of the Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8353

The global biometric sensors market has been segmented as follows:

Global Biometric Sensors Market by Type

  • Capacitive sensors

  • Optical sensors

  • Thermal sensors

  • Ultrasound sensors

  • Electric field Sensors (eField)

Global Biometric Sensors Market by Application

  • Voice Scan

  • Finger Scan

  • Hand Scan

  • Facial Scan

  • Iris Scan

  • Vein Scan

  • Others

Global Biometric Sensors Market by End use

  • Consumer electronics

  • Commercial centers and buildings

  • Medical and research labs

  • Banking, Financial services sector

  • Defense and security

  • Others

Global Biometric Sensors Market by Region

  • North America

  • Asia Pacific

  • Rest of the World (RoW)

Labels:

Comments

Post a Comment

Popular posts from this blog

Internet of Things Testing Market: Latest Trends and Forecast Analysis up to 2025

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for  Internet of Things testing  mechanisms. Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network. A number
Post a Comment
Read more

Low Power Display Market: Projection of Each Major Segment over the Forecast Period 2017 - 2025

  Low power display technology is treated separately from our modern world. High resolution displays with low power are considered by many consumers to represent the low power display technology. The development in optoelectronics and nanotechnology has changed the low power display market . The low power display market consumes of less power than plasma technologies and cathode ray tube (CRT). Low-power features have become essential for liquid crystal displays (LCDs) due to environmental concerns. The technology that saves energy by decreasing the power consumption of the backlight unit in a display panel is considered in in low power display technology.  A low refresh-rate technology was introduced in order to further minimize power consumption in the display panel. The low refresh-rate was achieved by employing oxide thin-film transistors (Ox-TFTs) with extremely low leakage currents. However, flicker may be visible due to the current leakage through the liquid crystal (LC
Post a Comment
Read more

Noise Suppression Components Market: Granular View of The Market from Various End-Use Segments

Noise suppression refers to the methods of reducing and eliminating the effects of unwanted and undesirable sound effects and electrical disturbances which occurs when the level of signal carrier is greater than the noise level. Noise causes intrusion in many electrical devices. However, there are rules to suppress noise, because noise which does not affect a particular electrical device may affect some other electrical device. Further, an electronic device is known as ‘emission’ if it is itself the source of unwanted noise and it is referred to as immunity if the concerned electronic device is the victim of unwanted noise. Electromagnetic interference (EMI) and electromagnetic compatibility (EMC) has made the issue of noise suppression important. Some of the examples of noise suppression components are electromagnetic interference suppression filter which is an electronic component which provides electromagnetic noise suppression techniques for electronic goods. The function of the e
Post a Comment
Read more