Global Biometric Sensor Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Biometry refers to statistical analysis of the biological data, that is, analysis of physical and behavioral characteristics. Sensors generally calculate electrical capacity, light, pressure, speed, and temperature. These sensors are compact in design, therefore can be installed in devices conveniently. It is a breakthrough technology, which eradicates various security-related issues from different domains. They are specially designed units made to scan and analyze the vein patterns or the unique features in your fingertip, becoming the necessity in the modern world. The global biometric sensor industry is poised to witness significant growth during the forecast period owing to increase in the cyber-attacks and security threats. However, high investment for R&D is projected to hamper the growth of biometric sensor market.
The significant impacting factors include increase in security threat and rise in the demand for biometric sensors analysis in smart gadgets. In the past few years, the dependency on Internet has increased significantly, hence there is a need for better security and authentication methods. Biometric sensors are used in commercialized buildings, banking sectors, medical & research labs, and in smart weapons owing to their advantages.

Market Analysis and Insights: Global Biometric Sensor Market
In 2020, the global Biometric Sensor market size was US$ 1010.7 million and it is expected to reach US$ 1688.4 million by the end of 2027, with a CAGR of 7.1% between 2021 and 2027
Global Biometric Sensor Scope and Market Size
The global Biometric Sensor market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Biometric Sensor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Capacitive Sensors
Ultra Sound Sensors
Optical Sensors
Thermal Sensors
Electric Field Sensors

Segment by Application
Consumers Electronics
Commercial Centers & Buildings
Medical Research & Lab
Bank & Finance Service Sector
Others

By Company
3m
Suprema Inc.
Crossmatch Technologies Inc.
Idex Asa
Infineon Technologies Ag
Fulcrum Biometrics
Safran
Precise Biometrics Ab
Nec Corporation
Zkteco Inc.

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE