The Biometric Sensor Market is expected to garner $1.5 billion by 2022, growing at a CAGR of 9.6% from 2016 to 2022. In 2015, Asia-Pacific dominated the global market and contributed over 35% share owing to high-level security for both public and private sectors.
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By types, optical sensors dominated the market in 2015. However, thermal sensor is estimated to witness the highest growth rate owing to increase in demand for temperature sensors among industrial end users, electronic devices, and developing automotive industry in emerging markets.
In application segment, finger scan held over 35% share in 2015 due to increased threat of cyber-attacks and security concerns. However, voice scan is expected to witness highest growth rate of 11.3% owing to rise in the demand for biometric sensors in consumer electronics and in smart gadgets for voice recognition.
The key players in the biometric sensor market focus on expanding their business operations in the fast-growing countries with new product launches through various R&D facilities. The major players profiled in this report include 3M (U.S.), Suprema Inc.
(South Korea), CrossMatch Technologies, Inc., IDEX ASA (Norway), Infineon Technologies AG (Germany), Fulcrum Biometrics, Safran (France), Precise Biometrics Ab (Sweden), NEC Corporation (Japan), and ZKTecoInc (China) among others.
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