Biometric Sensors Market, By Product Type, By Application, By End-use Industry, By Geography

Description

The global biometric sensors market is estimated to be valued at US$ 8.65 Bn in 2024 and is expected to reach US$ 20.16 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 8.65 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	12.80%	2031 Value Projection:	US$ 20.16 Bn

Figure. Biometric Sensors Market Share (%), By Region 2024

The global biometric sensors market has been witnessing significant growth over the past few years owing to increasing demand for security and authentication across various sectors. Biometric sensors play a pivotal role in collecting biometric data from individuals for identification and verification purposes using technologies such as fingerprint, face, iris, voice recognition and others. With increasing cyber threats and security breaches around the world, the adoption of biometric sensors has accelerated for applications in consumer electronics, government IDs, commercial security, healthcare records, banking transactions and more. The market is expected to grow substantially in the coming years due to rising usage of biometric technologies in smartphones, rapid digitalization, growing threat of identity thefts and frauds as well as government initiatives for e-passports and digital IDs.

Market Dynamics:

The global biometric sensors market is driven by surging demand for contactless and seamless authentication along with increasing integration of biometrics in smartphones. However, high component costs and data privacy related concerns are some of the factors hindering the market growth. The market is expected to witness several lucrative opportunities arising from ongoing technological advancements in biometrics, growing adoption in automotive and BFSI sectors, increasing investments for border security management and civilian use of law enforcement applications. Rising deployment of biometric solutions in emerging applications around IoT devices and blockchain technology will further create new avenues for the biometric sensors market players in the coming years.

Key features of the study:

This report provides in-depth analysis of the global biometric sensors market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global biometric sensors market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include 3M Cogent Inc., Apple Inc., CrucialTec, Egis Technology Inc., Fingerprint Cards AB, Fulcrum Biometrics, Idex A.S.A, Infineon Technologies, NEC Corporation, NEXT Biometrics Group ASA, Precise Biometrics Ab, Safran, Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated, and ZKTeco Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global biometric sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biometric sensors market.

Detailed Segmentation:

By Product Type
- Capacitive Sensors
- Optical Sensors
- Thermal Sensors
- Ultrasound Sensors
- Electric Field Sensors
By Application
- Voice Scan
- Finger Scan
- Hand Scan
- Facial Scan
- Iris Scan
- Middleware
- Vein Scan
- Others
By End-use Industry
- Consumer Electronics
- Smart Phones
- Smart Watches
- Other Smart Gadgets
- Automotive
- Hospitals
- Commercial Centers
- Educational Hubs
- Research Labs
- Banking and Financial Sector
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- 3M Cogent Inc.
- Apple Inc.
- CrucialTec
- Egis Technology Inc.
- Fingerprint Cards AB
- Fulcrum Biometrics
- Idex A.S.A
- Infineon Technologies
- NEC Corporation
- NEXT Biometrics Group ASA
- Precise Biometrics Ab
- Safran
- Shenzhen Goodix Technology Co., Ltd.
- Synaptics Incorporated
- ZKTeco Inc.

Product Code: CMI754

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Biometric Sensors Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Capacitive Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Optical Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Thermal Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Ultrasound Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Electric Field Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Biometric Sensors Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Voice Scan
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Finger Scan
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Hand Scan
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Facial Scan
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Iris Scan
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Middleware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Vein Scan
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Biometric Sensors Market, By End-use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Consumer Electronics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Smart Phones
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Smart Watches
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Other Smart Gadgets
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Hospitals
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Commercial Centers
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Educational Hubs
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Research Labs
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Banking and Financial Sector
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Biometric Sensors Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- 3M Cogent Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Apple Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CrucialTec
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Egis Technology Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Fingerprint Cards AB
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Fulcrum Biometrics
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Idex A.S.A
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Infineon Technologies
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- NEC Corporation
- NEXT Biometrics Group ASA
- Precise Biometrics Ab
- Safran
- Shenzhen Goodix Technology Co., Ltd.
- Synaptics Incorporated
- ZKTeco Inc.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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