PUBLISHER: Grand View Research | PRODUCT CODE: 1588737
PUBLISHER: Grand View Research | PRODUCT CODE: 1588737
The global biometric sensors market size is expected to reach USD 6.14 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 19.8% from 2025 to 2030. Technological proliferation and increasing demand in commercial buildings, consumer electronics, and banking applications are expected to drive the market growth.
The development of advanced multimodal techniques for biometric authentication and recognition techniques, which employ verification of more than one biometrics enabling increased security levels across the end-use applications, is driving industry growth. The use of biometric Sensor in consumer electronic devices, such as smartphones and tablets, has resulted in an exponential increase in the sensor shipments.
End-users are increasingly adopting the advanced sensing and authentication technologies aimed at restricting unauthorized access and increasing security. Advanced recognition techniques such as DNA matching as well as vein, iris, and retina recognition have been increasingly adopted across distinct end-use verticals over the past few years.
However, concerns raised over cultural barriers and issues, such as the prevention of misuse of an individual's biometrics, may pose a challenge to the market growth over the next eight years.