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Report explores the biometric sensors market forecast to 2022

Global market for biometric sensors has been covered under the scope of this report. Biometric sensors are an essential part of identity technology. They can be defined as a ubiquitous technology that can be used in high definition cameras primarily for facial recognition and microphones for voice capturing purposes. The specially-designed units that can be customized to scan the vein patterns beneath the skin are also biometric sensors. Some key attributes of biometric sensors include fast verification and identification. Biometric sensors are breakthrough technology, which weed out various security-related issues from different domains.

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Increasing demand for fingerprint identification in smartphones, tables, and other electronic devices is the major factor driving the global biometric sensors market. Moreover, various innovative features such as light weight and compact design have also supplemented the growth of the market.

Rising demand for fingerprint scanning biometric sensors in banks and offices, and increasing adoption of stronger security systems across various industry sectors would provide several growth opportunities for the biometric sensor market in the coming years.

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The global biometric sensors market has been segmented on the basis of type, application, end-user and geography.

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By type, the global biometric sensors market is further segmented into thermal sensors, ultrasound sensors, capacitive sensors, optical sensors, and electric field sensors.

By application, the market is classified into hand scan, finger scan, voice scan, vein scan, iris scan, facial scan, and others. By end user, the market is bifurcated into consumer electronics, defense & security, medical & research labs, commercial centres & buildings, banking & financial services, and others. 

In terms of end use, biometric sensor market can be segregated into consumer electronics, commercial centers and buildings (airports, offices), defense and security, medical and research labs and banking and finance services sector among others. Commercial centers and buildings along with defense and security segment together accounted approximately more than 54% share of the total revenue in 2014.

Furthermore, application of face scanning biometric sensors in consumer electronic products such as laptops and smartphones is rising owing to increasing preference for data security and heightened safety. In addition, hand, iris and vein scanning biometric technology for authentication and identification is gaining popularity in different sectors which include banking and financial sector, medical and research labs and hotels due to rapid advancements in operation procedures, which is stimulating the market for biometric sensors globally.

In terms of end use, biometric sensor market can be segregated into consumer electronics, commercial centers and buildings (airports, offices), defense and security, medical and research labs and banking and finance services sector among others. Commercial centers and buildings along with defense and security segment together accounted approximately more than 54% share of the total revenue in 2014.

Furthermore, application of face scanning biometric sensors in consumer electronic products such as laptops and smartphones is rising owing to increasing preference for data security and heightened safety. In addition, hand, iris and vein scanning biometric technology for authentication and identification is gaining popularity in different sectors which include banking and financial sector, medical and research labs and hotels due to rapid advancements in operation procedures, which is stimulating the market for biometric sensors globally.

The market has been divided into major geographic regions such Asia Pacific, North America, Europe and Rest of the World (RoW). Asia Pacific led the market for biometric sensors in 2014, followed by North America and is expected to maintain its position over the forecast period from 2017 to 2022.

Increasing concern towards data security and growing prevalence of identity theft is fueling the growth of the market for biometric sensors in Asia Pacific. Product development and increasing application of biometric technology in large international airports and commercial centers is fueling the biometric sensors market in North America.

Demand for integrated fingerprint readers along with biometric lock system in hospitality industry along with in automotive sector is one of the major factors driving the market for biometric sensors in Europe.

Some of the leading players in the biometric sensors market are CrossMatch Technologies, Inc. (U.S.), Fulcrum Biometrics (U.S.), Infineon Technologies AG (Germany), 3M (U.S.), ZKTeco Inc (China), NEC Corporation (Japan), Safran (France), Precise Biometrics Ab (Sweden), Suprema Inc. (South Korea) and IDEX ASA (Norway) among others

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