Biometric Sensors Market Expected to Reach $3.31 Billion by 2030
“The biometric sensors market share in Asia-Pacific is expected to witness the highest growth rate during the forecast
period, owing to increase in the population and adoption of enhanced technologies in smart infrastructure in
developing countries such as India, China, and Indonesia. Also, various product launches and advancements in
technologies in the market anticipate huge growth in the Asia-Pacific market. ”
According to Avinash Savekar,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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In 2020, the voice scan segment accounted for the maximum revenue and is projected to grow at a notable
CAGR of 13.9% during the forecast period.
The thermal sensors segment is expected to witness highest growth rate during the forecast period.
Germany was the major shareholder in the Europe biometric sensors market, accounting for approximately
25% share in terms of revenue in 2020.
Major key players profiled cover in Report:
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CROSSMATCH Technologies Inc.
Fujitsu
Fulcrum Biometrics
Thales Group
IDEX ASA
Infineon Technologies
Market dynamics
Drivers
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Increasing demand for secure and convenient authentication solutions
Growing emphasis on identity verification and access control
Advancements in biometric technology, including facial recognition and fingerprint scanning
Restraints
• Privacy concerns and potential misuse of personal biometric data.
• Technical limitations and challenges in achieving high accuracy and reliability.
• High initial costs and implementation challenges for widespread adoption.
Opportunities
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Growing demand for secure and convenient authentication methods drives biometric sensor market
expansion.
Integration of biometric sensors in smartphones and wearables presents significant market growth
opportunities.
⦁ Report Overview:
https://www.alliedmarketresearch.com/biometric-sensor-market
Analyst Review:
Biometric sensors hold high potential in the market. The current business scenario experiences rapid development in
smart infrastructure leading to readiness to adopt sensors, particularly in the developed and developing regions such
as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide
customers with advanced and innovative features.
Asia-Pacific is the leading supplier of raw materials for manufacturing of biometric systems across the globe. Also, AsiaPacific witnessed a wide-scale adoption of these systems in the recent years, owing to increase in demand for biometric
sensors across various sectors such as retail, hospitals, automotive, and manufacturing. Companies operating in the
biometric sensors market have a robust supply chain network owing to the high penetration of local players in this
market.
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