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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?
For any questions related to Biometric Sensors Market, Biometric Sensors Market Size, Biometric Sensors Market Growth, Biometric Sensors Market Analysis, Biometric Sensors Market Report, Biometric Sensors Market Share, Biometric Sensors Market Trends, Biometric Sensors Market Forecast, Biometric Sensors Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Biometric Sensors Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Biometric Sensors Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Biometric Sensors Market by Type
3.3.1: Capacitive Sensors
3.3.2: Optical Sensors
3.3.3: Thermal Sensors
3.3.4: Ultrasound Sensors
3.3.5: Electric Field Sensors
3.4: Global Biometric Sensors Market by Application
3.4.1: Voice Scan
3.4.2: Finger Scan
3.4.3: Hand Scan
3.4.4: Facial Scan
3.4.5: Iris Scan
3.4.6: Vein Scan
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Biometric Sensors Market by Region
4.2: North American Biometric Sensors Market
4.2.2: North American Biometric Sensors Market by Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, and Vein Scan
4.3: European Biometric Sensors Market
4.3.1: European Biometric Sensors Market by Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors
4.3.2: European Biometric Sensors Market by Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, and Vein Scan
4.4: APAC Biometric Sensors Market
4.4.1: APAC Biometric Sensors Market by Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors
4.4.2: APAC Biometric Sensors Market by Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, and Vein Scan
4.5: ROW Biometric Sensors Market
4.5.1: ROW Biometric Sensors Market by Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors
4.5.2: ROW Biometric Sensors Market by Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, and Vein Scan
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Biometric Sensors Market by Type
6.1.2: Growth Opportunities for the Global Biometric Sensors Market by Application
6.1.3: Growth Opportunities for the Global Biometric Sensors Market by Region
6.2: Emerging Trends in the Global Biometric Sensors Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Biometric Sensors Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Biometric Sensors Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: CROSSMATCH Technologies
7.2: Fujitsu
7.3: Fulcrum Biometrics
7.4: Thales
7.5: IDEX ASA
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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