Global Biometric Sensors Market Growth 2023-2029

Global Biometric Sensors Market Growth 2023-2029

Biometrics is the technical term for body measurements and calculations. It refers to metrics related to human characteristics. Biometrics authentication is used in computer science as a form of identification and access control. It is also used to identify individuals in groups that are under surveillance. Biometric identifiers are the distinctive, measurable characteristics used to label and describe individuals. Biometric identifiers are often categorized as physiological versus behavioral characteristics. Physiological characteristics are related to the shape of the body. Examples include, but are not limited to fingerprint, palm veins, face recognition, DNA, palm print, hand geometry, iris recognition, retina and scent. Behavioral characteristics are related to the pattern of behavior of a person, including but not limited to typing rhythm, gait, and voice. Some researchers have coined the term behaviometrics to describe the latter class of biometrics.

LPI (LP Information)' newest research report, the “Biometric Sensors Industry Forecast” looks at past sales and reviews total world Biometric Sensors sales in 2022, providing a comprehensive analysis by region and market sector of projected Biometric Sensors sales for 2023 through 2029. With Biometric Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biometric Sensors industry.

This Insight Report provides a comprehensive analysis of the global Biometric Sensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biometric Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biometric Sensors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biometric Sensors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biometric Sensors.

The global Biometric Sensors market size is projected to grow from US$ 1158.8 million in 2022 to US$ 1773.2 million in 2029; it is expected to grow at a CAGR of 1773.2 from 2023 to 2029.

Surge in demand for fingerprint identification for getting access in smart devices and smart phones is positively impacting the growth of biometric sensors market. Moreover, increased demand for smartwatches, wearable devices, consumer electronic products, and biometric sensor based tablets, are also contributing in the development of the overall market. Ease of usage of biometric sensors is another factor driving the demand in the market. These sensors are compact and lightweight, which makes them easy to handle and install. Additionally, rising demand for better data safety and security as per the application is another factor propelling the market growth. However, there are some factors are expected to hamper the market growth. There are several regions whose cultural hindrance is restricting the potential growth of the market. Along with this, lack of standardization of the implementation and development and process is as well expected to bring down the demand of global biometric sensors in the market.

This report presents a comprehensive overview, market shares, and growth opportunities of Biometric Sensors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Capacitive Sensors
Optical Sensors
Thermal Sensors
Ultrasound Sensors
Electric Field Sensors

Segmentation by application
Consumer Electronics
Commercial Centers and Buildings
Medical and Research Labs
Banking Sector
Financial Services Sector
Defense and Security
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
3M
Crossmatch
NEC
Safran

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biometric Sensors market?

What factors are driving Biometric Sensors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biometric Sensors market opportunities vary by end market size?

How does Biometric Sensors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.