Biometric Sensors Market Report: Trends, Forecast and Competitive Analysis to 2030

Biometric Sensors Market Report: Trends, Forecast and Competitive Analysis to 2030

Biometric Sensors Trends and Forecast

The future of the global biometric sensors market looks promising with opportunities in the voice scan, finger scan, hand scan, facial scan, iris scan, and vein scan markets. The global biometric sensors market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growth in identity theft and introduction of fingerprint technology without touch and increasing usage of waerable devices.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Biometric Sensors by Segment

The study includes a forecast for the global biometric sensors by type, application, and region.

Biometric Sensors Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Capacitive Sensors
• Optical Sensors
• Thermal Sensors
• Ultrasound Sensors
• Electric Field Sensors

Biometric Sensors Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Voice Scan
• Finger Scan
• Hand Scan
• Facial Scan
• Iris Scan
• Vein Scan

Biometric Sensors Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Biometric Sensors Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies biometric sensors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the biometric sensors companies profiled in this report include-

• CROSSMATCH Technologies
• Fujitsu
• Fulcrum Biometrics
• Thales
• IDEX ASA

Biometric Sensors Market Insights

Lucintel forecasts that optical sensor is expected to witness the highest growth over the forecast period due to high usage in wide range of biometric authentication applications.

Within this market, finger scan will remain the largest segment due to high accuracy and reliability.

Asia Pacific is expected to witness highest growth over the forecast period due to the presence of significant sensor and consumer electronics companies will support the expansion of the biometric sensors industry in the area.

Features of the Global Biometric Sensors Market

Market Size Estimates: Biometric sensors market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Biometric sensors market size by type, application, and region in terms of value ($B).

Regional Analysis: Biometric sensors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the biometric sensors market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the biometric sensors market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the biometric sensors market size?

Answer: The global biometric sensors market is expected to reach an estimated $3.2 billion by 2030.

Q2. What is the growth forecast for biometric sensors market?

Answer: The global biometric sensors market is expected to grow with a CAGR of 8.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the biometric sensors market?

Answer: The major drivers for this market are growth in identity theft and introduction of fingerprint technology without touch and increasing usage of waerable devices.

Q4. What are the major segments for biometric sensors market?

Answer: The future of the biometric sensors market looks promising with opportunities in the voice scan, finger scan, hand scan, facial scan, iris scan, and vein scan markets.

Q5. Who are the key biometric sensors market companies?

Answer: Some of the key biometric sensors companies are as follows:

• CROSSMATCH Technologies
• Fujitsu
• Fulcrum Biometrics
• Thales
• IDEX ASA

Q6. Which biometric sensors market segment will be the largest in future?

Answer: Lucintel forecasts that optical sensor is expected to witness the highest growth over the forecast period due to high usage in wide range of biometric authentication applications.

Q7. In biometric sensors market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific is expected to witness highest growth over the forecast period due to the presence of significant sensor and consumer electronics companies will support the expansion of the biometric sensors industry in the area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the biometric sensors market by type (capacitive sensors, optical sensors, thermal sensors, ultrasound sensors, and electric field sensors), application (voice scan, finger scan, hand scan, facial scan, iris scan, and vein scan), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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