Biometric Sensor Market
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<strong>Biometric</strong> <strong>Sensor</strong><br />
<strong>Market</strong><br />
Opportunities and Forecasts,<br />
2014 – 2022<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong> by Type (Capacitive <strong>Sensor</strong>s, Optical <strong>Sensor</strong>s,<br />
Thermal <strong>Sensor</strong>s, Ultrasound <strong>Sensor</strong>s, and Electric Field <strong>Sensor</strong>s), Application<br />
(Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, and<br />
Others)
Introduction<br />
<strong>Biometric</strong> sensor device is a breakthrough technology, which eradicates various securityrelated<br />
issues from different domains. Constant downfall in the prices of biometrics<br />
sensors is registered, which makes it affordable. Multiple issues are reported with current<br />
security methods such as pin codes or passwords that can be easily hacked, whereas<br />
biometric sensor security systems are safer and authentic, driving its adoption in many<br />
segments.<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
Current and Future <strong>Market</strong> Scenario<br />
• In application segment, finger scan held over 35% share in 2015 due to increased<br />
threat of cyber-attacks and security concerns.<br />
• Commercial centers & buildings (airports, offices) contributed over 30% of the overall<br />
biometric sensor market in 2015.<br />
• Global <strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong> is expected to garner $1.5 billion by 2022.<br />
• <strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong> will grow at a CAGR of 9.6% during the period 2016-2022.<br />
• Thermal sensor is estimated to witness the highest growth rate owing to increase in<br />
demand for temperature sensors among industrial end users, electronic devices, and<br />
developing automotive industry in emerging markets.<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
Top Winning Strategies<br />
Prominent strategies adopted by the key players include product launches, acquisitions,<br />
agreements, and partnerships to maintain a strong foothold in the market. Key market<br />
players such as Infineon Technologies launched a FIDO-certified Bluetooth low energy<br />
design for wireless authentication tokens through which consumers can securely<br />
authenticate their online activities on mobile.<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
Factors Contributing to <strong>Market</strong> Growth<br />
Growth in the demand for biometric sensors in commercial centers & buildings for<br />
authentication and security drives the growth of this segment worldwide. voice scan is<br />
expected to witness highest growth rate of 11.3% owing to rise in the demand for<br />
biometric sensors in consumer electronics and in smart gadgets for voice recognition.<br />
Other factors that contribute to market growth are:<br />
• Increasing Security Threat And Privacy Concerns.<br />
• Increasing Demand Of <strong>Biometric</strong> <strong>Sensor</strong>s In Medical And Defence Sector.<br />
• Increasing Demand Of Smart Gadgets With <strong>Biometric</strong> <strong>Sensor</strong>s.<br />
• Government Projects And Constant Development In Research And Development<br />
Of <strong>Biometric</strong>s.<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
<strong>Market</strong> Segments<br />
By Product Type<br />
By Application<br />
By End User<br />
Capacitive <strong>Sensor</strong>s<br />
Ultra Sound <strong>Sensor</strong>s<br />
Optical <strong>Sensor</strong>s<br />
Thermal <strong>Sensor</strong>s<br />
Electric Field <strong>Sensor</strong>s<br />
Voice Scan<br />
Finger Scan<br />
Hand Scan<br />
Facial Scan<br />
Iris Scan<br />
Vein scan<br />
Consumers<br />
Electronics<br />
Commercial Centers<br />
Medical Research &<br />
Lab<br />
Bank & Finance<br />
Service Sector<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
Cybercrime Rate In 2015<br />
• In the current modernized digital world, security threats are increasing rapidly.<br />
Financial and banking sectors are interconnected via Internet, and the data related to<br />
consumers is very confidential and highly prone to cyber-attacks. The percentage of<br />
cyber-attacks is increasing at rapid rate, for example, in 2014 cybercrime, cyber<br />
espionage, and cyber warfare rate was 62.70%, 28.00%, and 5.30%, respectively.<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
Leading Players<br />
• Key players in the <strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong> focus on expanding their business<br />
operations in the fast-growing countries with new product launches through various<br />
R&D facilities.<br />
• The major players profiled in this report include 3M (U.S.), Suprema Inc. (South Korea),<br />
CrossMatch Technologies Inc., IDEX ASA (Norway), Infineon Technologies AG<br />
(Germany), Fulcrum <strong>Biometric</strong>s, Safran (France), Precise <strong>Biometric</strong>s Ab (Sweden), NEC<br />
Corporation (Japan), and ZKTecoInc (China)<br />
<strong>Biometric</strong> <strong>Sensor</strong> <strong>Market</strong>
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