The Business Research Company’s report on the Biometric Sensor Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the biometric sensor market?
An increase in the number of identity thefts is expected to propel the growth of the biometric sensor market going forward. Identity theft is the theft of personal information, such as social security numbers, bank account numbers, or credit card numbers. Biometrics meet all of the requirements for authentication, non-repudiation, confidentiality, and integrity, which helps in reducing and eradicating identity theft. For instance, in May 2024, according to Thomson Reuters, a Canada -based business information services, the amount of data breaches in the US increased by 15% between 2022 and 2023, highlighting the growing threat posed by hackers. Furthermore, with 13.5% of all digital account openings worldwide suspected of fraudulent behavior, digital account openings appeared as the category with the highest risk. Additionally, 54% of customers in 18 nations and regions claimed that between September and December 2023, they were the subject of numerous fraud efforts. Therefore, an increase in the number of identity thefts is driving the biometric sensor market growth.
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How has the biometric sensor market size evolved, and what are the latest forecasts for its expansion?
The biometric sensor market size has grown rapidly in recent years. It will grow from $3.36 billion in 2024 to $3.81 billion in 2025 at a compound annual growth rate (CAGR) of 13.3%. The growth in the historic period can be attributed to rising concerns about security, government initiatives and regulations, integration in consumer electronics, healthcare applications, rise of wearable devices.
The biometric sensor market size is expected to see rapid growth in the next few years. It will grow to $7.48 billion in 2029 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to emerging applications in emerging markets, focus on user-friendly and convenient authentication, hospitality and travel industry integration, education sector adoption, demand for contactless authentication. Major trends in the forecast period include hybrid biometric solutions, smart city initiatives, transparent and explainable ai, integration in healthcare, emphasis on data privacy and security, behavioral biometrics.
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Which major companies dominate the biometric sensor market?
Major companies operating in the biometric sensor market include 3M Company, Cross Match Technologies Inc., Fulcrum Biometrics LLC, NEC Corporation, Precise Biometrics AB, IDEX ASA, Suprema Inc., ZKTeco Inc., SAFRAN S. A., Mantra Softech Pvt. Ltd., SparkFun Electronics, BioEnable Technologies Pvt. Ltd., NEXT Biometrics Group ASA, Synaptics Incorporated, HID Global Corporation, Integrated Biometrics, NITGEN COLTD, Shenzhen Goodix Technology Co Ltd, Fingerprint Cards AB, Apple Inc., Egis Technology, Qualcomm Incorporated, TDK Corporation, Vkansee Technology Inc., Lumidigm Inc., BIO-key International Inc., M2SYS Technology, Nuance Communications Inc., Fujitsu Limited, SecuGen Corporation
What trends will shape the future of the biomaterials market?
Product innovation is a key trend gaining popularity in the biometric sensor market. Companies in the market are focusing on product innovation and enhanced security measures such as biometric-enabled cards for payments. For instance, November 2023, Touch Biometrix Ltd,an UK-based Computers and Electronics Manufacturing company, launched the largest and thinnest capacitive fingerprint sensor utilizing thin-film transistor (TFT) technology. to enhance biometric security applications, offering improved performance and versatility. The world’s largest and thinnest capacitive fingerprint sensor, utilizing cutting-edge Thin-Film Transistor (TFT) technology, offers unique features like an expansive sensing area, ultra-slim profile for seamless device integration, and enhanced security through high-resolution fingerprint mapping. the largest and thinnest TFT capacitive fingerprint sensor to date, measuring 3.2 by 3 inches. This sensor meets the FBI’s FAP60 standard and boasts a high resolution of 500 pixels-per-inch (ppi). Designed to enhance biometric security applications.
Which region dominates the biometric sensor market, and what factors contribute to its leadership?
North America was the largest region in the biometric sensor market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the biometric sensor market segmented, and which segment holds the largest share?
The biometric sensor market covered in this report is segmented –
1) By Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, Electric Field Sensors
2) By Application: Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, Other Applications
3) By End-User: Consumers Electronics, Commercial Centers And Buildings, Medical Research And Lab, Bank And Finance Service Sector, Defense and Security, Other End-Users
Subsegments:
1) By Capacitive Sensors: Fingerprint Sensors, Touch Sensors
2) By Optical Sensors: Fingerprint Recognition Sensors, Iris Recognition Sensors, Facial Recognition Sensors
3) By Thermal Sensors: Infrared Sensors, Thermal Imaging Sensors
4) By Ultrasound Sensors: Fingerprint Scanners, Face Recognition Systems
5) By Electric Field Sensors: Electric Field-based Fingerprint Sensors, 3D Fingerprint Recognition Sensors
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How is the biometric sensor market defined, and what are its core characteristics?
A biometric sensor refers to a transducer that turns a biometric trait of an individual into an electrical signal. It tackles a variety of security-related concerns across multiple sectors to identify, verify, and authenticate the identification by using tools such as fingerprints, facial recognition, iris, and voice recognition.
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