Biometric Sensor Global Market Report 2024

Description

“Biometric Sensor Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on biometric sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for biometric sensor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The biometric sensor market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: 3M Company; Cross Match Technologies Inc.; Fulcrum Biometrics LLC; NEC Corporation; Precise Biometrics AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

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.

The main types of biometric sensors are capacitive sensors, optical sensors, thermal sensors, ultrasound sensors, and electric field sensors. A capacitive sensor is an electronic device that can detect solid or liquid targets without physical contact. The different applications of biometric sensors include voice scans, finger scans, hand scans, facial scans, iris scans, vein scans, and other applications. The end-users for biometric sensors include consumer electronics, commercial centres and buildings, medical research and labs, banks and financial services sectors, defence and security, and other end-users.

The biometric sensors market research report is one of a series of new reports from The Business Research Company that provides biometric sensors market statistics, including biometric sensors industry global market size, regional shares, competitors with a biometric sensors market share, detailed biometric sensors market segments, market trends and opportunities, and any further data you may need to thrive in the biometric sensors industry. The biometric sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The biometric sensor market size has grown rapidly in recent years. It will grow from $3 billion in 2023 to $3. 43 billion in 2024 at a compound annual growth rate (CAGR) of 14. 5%. 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 $6. 24 billion in 2028 at a compound annual growth rate (CAGR) of 16. 1%. 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. .

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 2021, according to the Identify Theft Resource Centre, a US-based non-profit organization, the total number of data compromises increased by 68% compared to 2020. Further, according to a report by the Federal Trade Commission (FTC), a US-based consumer protection agency, the number of identity theft cases in the US more than doubled in 2020 from 2019. Therefore, an increase in the number of identity thefts is driving the biometric sensor market growth.

Increasing adoption of biometric sensors in mobile devices is expected to propel the growth of the biometric sensor market going forward. Mobile devices refer to any handheld computer or smartphone, such as tablets, smartphones, e-readers, portable music players, wearables, and smart fitness trackers, that are used to do tasks just like a desktop or laptop computer. Biometric sensors, such as in-display fingerprint sensors and facial recognition, have been heavily incorporated by mobile device manufacturers into their products, which has increased consumer demand for safe and practical identification solutions. For example, in November 2022, according to Cisco Duo's 2022 Trusted Access Report published by Cisco Systems, Inc., a US-based digital communications technology, the proportion of phones having integrated biometric features stayed at approximately 81% over the past year. Therefore, the increasing adoption of biometric sensors in mobile devices is driving the growth of the biometric sensor 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, in July 2021, Thales Group, a French aerospace company operating in the biometric sensor market, launched the Thales EMV contactless biometric payment card. The contactless biometric card simplifies proximity payments while simultaneously ensuring a high level of privacy and security. A simple and secure personal enrollment method is used to load the user's fingerprint data onto the card, which can be done at home or in a bank branch. The company is amongst the first to offer a contactless biometric card that meets all major payment scheme certification requirements.

Major companies operating in the biometrics sensor market are forming alliances with other technology companies to integrate newer technologies, such as scanners with contactless fingerprint biometric devices, to expand their presence and strengthen their market position. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. In July 2021, Integrated Biometrics (IB), a US-based FBI-certified biometric fingerprint sensor manufacturing company, signed a strategic development cooperation agreement with Sciometrics, LLC, a US-based patented object recognition technology company, to provide developers with cutting-edge touchless technology that allows them to convert smartphones into high-resolution biometric devices. The cooperation is the result of years of combined work to develop such technology and represents IB's commitment to leading the industry in fingerprint gathering technology.

In May 2022, LexisNexis Risk Solutions, a US-based software company, acquired BehavioSec for an undisclosed amount. With this acquisition, LexisNexis aims to integrate BehavioSec's sensors into device and digital identity-focused products, including ThreatMetrix and LexisNexis, by joining the Business Services division. BehavioSec is a Sweden-based advanced technology provider for behavioral biometrics and continuous authentication.

Major companies operating in the in the biometric sensor market report are 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

North America was the largest region in the biometric sensor market in 2023. 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

The countries covered in the biometric sensor market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The biometric sensor market consists of sales of signature verification machine, hand geometry, and speech recognition equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10204

1. Executive Summary

2. Biometric Sensor Market Characteristics

3. Biometric Sensor Market Trends And Strategies

4. Biometric Sensor Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Biometric Sensor Market Size and Growth

5.1. Global Biometric Sensor Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Biometric Sensor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Biometric Sensor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Biometric Sensor Market Segmentation

6.1. Global Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Capacitive Sensors
Optical Sensors
Thermal Sensors
Ultrasound Sensors
Electric Field Sensors
6.2. Global Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Voice Scan
Finger Scan
Hand Scan
Facial Scan
Iris Scan
Vein Scan
Other Applications
6.3. Global Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumers Electronics
Commercial Centers And Buildings
Medical Research And Lab
Bank And Finance Service Sector
Defense and Security
Other End-Users

7. Biometric Sensor Market Regional And Country Analysis

7.1. Global Biometric Sensor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Biometric Sensor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Biometric Sensor Market

8.1. Asia-Pacific Biometric Sensor Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Biometric Sensor Market

9.1. China Biometric Sensor Market Overview
9.2. China Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Biometric Sensor Market

10.1. India Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Biometric Sensor Market

11.1. Japan Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Biometric Sensor Market

12.1. Australia Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Biometric Sensor Market

13.1. Indonesia Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Biometric Sensor Market

14.1. South Korea Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Biometric Sensor Market

15.1. Western Europe Biometric Sensor Market Overview
15.2. Western Europe Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Biometric Sensor Market

16.1. UK Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Biometric Sensor Market

17.1. Germany Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Biometric Sensor Market

18. 5. France Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Biometric Sensor Market

19. 9. Italy Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Biometric Sensor Market

20.13. Spain Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Biometric Sensor Market

21.1. Eastern Europe Biometric Sensor Market Overview
21.2. Eastern Europe Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Biometric Sensor Market

22.1. Russia Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Biometric Sensor Market

23.1. North America Biometric Sensor Market Overview
23.2. North America Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Biometric Sensor Market

24.1. USA Biometric Sensor Market Overview
24.2. USA Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Biometric Sensor Market

25.1. Canada Biometric Sensor Market Overview
25.2. Canada Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Biometric Sensor Market

26.1. South America Biometric Sensor Market Overview
26.2. South America Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Biometric Sensor Market

27.1. Brazil Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Biometric Sensor Market

28.1. Middle East Biometric Sensor Market Overview
28.2. Middle East Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Biometric Sensor Market

29.1. Africa Biometric Sensor Market Overview
29.2. Africa Biometric Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Biometric Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Biometric Sensor Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Biometric Sensor Market Competitive Landscape And Company Profiles

30.1. Biometric Sensor Market Competitive Landscape
30.2. Biometric Sensor Market Company Profiles
- 30.2.1. 3M Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Cross Match Technologies Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Fulcrum Biometrics LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. NEC Corporation
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Precise Biometrics AB
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Biometric Sensor Market Competitive Benchmarking

32. Global Biometric Sensor Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Biometric Sensor Market

34. Biometric Sensor Market Future Outlook and Potential Analysis

34.1 Biometric Sensor Market In 2028 - Countries Offering Most New Opportunities
34.2 Biometric Sensor Market In 2028 - Segments Offering Most New Opportunities
34. 3 Biometric Sensor Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer