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  • Published On : Jun 2022
  • Code : CMI754
  • Industry : Semiconductors
  • Pages : 533
  • Formats :

A biometric device is a security identification and authentication system that uses biometric sensors to validate or recognize an individual's identity. Biometric sensors are transducers that turn a person's biometric data, such as fingerprints, face, and voice into an electrical signal. The sensors can measure temperature, pressure, light, or any other type of energy. With the use of biometric technology and specialized hardware biometric sensors can be used for validating and verifying an identity. The biometric sensors help solve numerous problems related to security in different domains such as education, corporate sector, manufacturing, and defense.

Recent Developments:

  • In March 2022, Cognitec Systems partnered with SALTO Group, a company that works in face recognition. Cognitec Systems will expand its biometric market by working on new technologies with SALTO group. This partnership will help SALTO to strengthen its market reach along building its research and development team.
  • In January 2022, Vivo launched IQOO 9 Pro the first smartphone that enabled super-fast fingerprint enrollment process that unlocks the phone within 0.2 sec
  • In September 2021, SaaS-based (Software as a service) Automated Biometric Identification System (ABIS) was launched by IDEMIA, a company that provides identity-related security services. The service can be used for fingerprint analysis, documentation and comparison purpose.

Developing technological advancement in wearable consumer electronic gadgets is boosting the application of biometric sensors which senses the body temperature, heart rate, and other major attributes of the individual who is wearing the device. Growing implementation of fingerprint sensors in smartphones drives the growth of the market. Increasing application of biometric sensors in cars for better driving experiences is another driver for biometric sensor market globally. Biometric identity features in luxury cars comprises fingerprint, voice, gesture, and iris recognition, which are some the major attributes fueling the demand for biometric sensors. North America is leading the market, followed by Europe. Proliferation of biometric sensors in educational centers, research laboratory and hospitals is fueling the market. The biometric sensors are often exposed to potential challenges, which may manipulate them compromising the security of the system. These factors hinder the growth of the market over the forecast period. Strategic partnership agreements with raw material suppliers along with merger and acquisition are some of the prime business strategies followed by the companies operating in the biometric sensors market to strengthen foothold in the market globally.

Restraint:

High cost of biometric technology is the restraining factor for the growth of biometric sensor market. Security in organizations such as educational institutes and in manufacturing, and corporate sector have become a top priority. But, rising cost of biometric technology is restricting educational institutes and corporate sector entities with low funds to invest in security. Hence rising cost of biometric technology is the restraining factor for growth of biometric sensor market.

Global biometric sensor market - Impact of Coronavirus (Covid-19) Pandemic

The spread of COVID-19 hampered the global economy severely. Lockdowns were imposed by governments of various countries. The trade between countries halted and this resulted in shortage of components and material for developing biometric technology using biometric sensors, as all the countries across the globe depend on other countries for raw material or any specific component. Due to this, the biometric sensor market also faced slower growth in the pandemic period.

North America held a dominant position in the global biometric sensor market in 2021

Statistics:

North America held dominant position in the global biometric sensor market in 2021, accounting for 33.0% share in terms of volume, followed by Europe and North America, respectively.

Figure 1: Global biometric sensor market Share (%), By Region, 2021

Biometric Sensors  | Coherent Market Insights

North America is expected to account for the largest market share of the global biometric sensor market during the forecast period because of increased R&D (research and development) operations to develop smart weapons, technological breakthroughs by key players to develop smart weapons, and quick adoption of novel technologies to create precise, dependable, and efficient smart weapons. Most of these smart weapons use biometric technology for their operation, such as a gun smart gun uses fingerprint for unlocking. Hence the demand for biometric sensors in North America is expected to grow significantly in the forecast period.

Asia Pacific region is expected to show significant growth in the forecast period. The countries like India, China, and Indonesia are moving towards e-commerce and virtual payments. All of the e-commerce and banking transactions are done using virtual payment systems such as apple pay and google pay using mobile phones. Hence, security of the smartphones using biometric technology has become the main concern of people across the Asia Pacific region. Hence demand for biometric sensors is expected to accelerate in the forecast period.

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Biometric Sensors Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1.4 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR:  11.4% 2030 Value Projection: US$ 3.6 Bn
Geographies covered (27):
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Product Type: Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and 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, Hospital, Commercial Center, Educational Hubs, Research labs, Banking and Financial sector, Others
Companies covered (8):

3M Cognet, Inc., Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., Suprema Inc., Morpho SA, Daon, Inc., Cognitech Systems, GmbH, IDTECK, and Accu-Time Systems, Inc.

Growth Drivers:
  • Growing proliferation towards smartphones, smart watches, and other devices with features such as palm scan, face recognition, and others
  • Rising  concerns related to privacy breaches 
Restraints & Challenges:
  • High cost of biometric technology

Voice scan segment is expected to drive the global biometric sensor market growth during the forecast period

Among applications, Voice scan is becoming popular as voice can be used in solving crimes, protecting bank accounts, unlocking cellphones, and for other purposes. Financial sector has started adopting voice scanning as an authentication mode. Instead of passwords, voice scan or recognition allows people to use their voice as passwords. Thus voice scan is trusted biometric authentication method and hence gaining popularity in financial sector.

Figure 2: Global Biometric Sensor Market (US$ Bn) Analysis and Forecast, 2017 - 2030

Biometric Sensors  | Coherent Market Insights

Global biometric sensor market was valued at US$ 1.4 Bn in 2021 and is expected to reach US$ 3.6 Bn by 2030, growing at a CAGR of 11.4% between 2022 and 2030.

Major players operating in the global biometric sensor market include  3M Cognet, Inc., Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., Suprema Inc., Morpho SA, Daon, Inc., Cognitech Systems, GmbH, IDTECK, and Accu-Time Systems, Inc.

Biometric sensor is a transducer that transforms a biometric treat like voice, fingerprint, face, iris among others of an individual into an electrical signal. The sensors primarily measures as well as delivers pressure, temperature, light, electrical capacity, and speed or other categories of energies. Numerous wearable devices, such as smart bands, smart watches, ear pods, and smart eyeglasses include biometric identification competencies in order to identify a person's biometric characters, which includes blood pressure and heart rate.

Market Dynamics

The mounting usage of wearable and portable biometric devices is expected to thrust the growth of biometric sensors market over the forecast period. Increasing consumer inclination towards smart phones is also one of the major reasons behind the growth of biometric sensors market globally. Increasing application for in-car-biometric sensors in luxury cars for better driving experiences is boosting growth the growth of biometric sensor market globally. On the security side, biometric identity features in luxury cars comprises fingerprint, voice, gesture, and iris recognition, which is contributing in the positive development of the market. Advantages of using fingerprint scan, iris scan, palm, and facial recognition to safely operate bank lockers is another major growth boosting factor for the biometric sensors market globally.

Key features of the study:

  • This report provides an in-depth analysis of global biometric sensor market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 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 approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the global biometric sensor market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include 3M Cognet, Inc., Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., Suprema Inc., Morpho SA, Daon, Inc., Cognitech Systems, GmbH, IDTECK, and Accu-Time Systems, Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The global biometric sensor market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biometric sensor market

Detailed Segmentation

  • Global biometric sensor Market, By  Product Type:
    • Capacitive Sensors
    • Optical Sensors
    • Thermal Sensors
    • Ultrasound Sensors
    • Electric Field Sensors
  • Global biometric sensor Market, By Application:
    • Voice Scan
    • Finger Scan
    • Hand Scan
    • Facial Scan
    • Iris Scan
    • Middleware
    • Vein Scan
    • Others
  • Global biometric sensor Market, By End-Use Industry:
    • Consumer Electronics
    • Smart Phones
    • Smart Watches
    • Other Smart Gadgets
    • Automotive
    • Hospital
    • Commercial Center
    • Educational Hubs
    • Research labs
    • Banking and Financial sector
    • Others
  • Global biometric sensor Market, By Region
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • Germany
        • Itlay
        • U.K.
        • France
        • Russia
        • Rest of Europe
    • Asia-Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America

Middle East & Africa

      • By Country:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles
    • 3M Cognet, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Crossmatch Technologies Inc.
    • Idex Asa
    • Infineon Technologies Ag
    • Fulcrum Biometrics
    • Safran
    • Precise Biometrics Ab
    • NEC Corporation
    • Zkteco Inc.
    • Suprema Inc.
    • Morpho SA
    • Daon, Inc.
    • Cognitech Systems, GmbH
    • IDTECK
    • Accu-Time Systems, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global biometric sensor market is expected to reach US$ 3.6 billion by 2030.
The Market is expected to witness a CAGR of 11.4% during the forecast period (2022-2030).
Increasing demand for smart gadgets such as smartphones and smart wearable devices is expected to drive growth of the market.
The finger scan segment held the largest market share among the application segment in 2021.
North America held the largest market share in the market in 2021.
Key players operating in the market include  3M Cognet, Inc., Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., Suprema Inc., Morpho SA, Daon, Inc., Cognitech Systems, GmbH, IDTECK, and Accu-Time Systems, Inc.

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