Global Biometric Sensors Market Industry Analysis, Key Players, Share, Trend, SePosted by rohit on February 21st, 2020 Market Overview Biometric sensor is a transducer that converts a biometric treat like voice, fingerprint, face, iris of an individual into an electrical signal. Escalating application of wearable and portable biometric devices is likely to drive the growth of biometric sensors market over the forecast period. Rising digitalization and financial establishments are concentrating on biometric alternatives for secure and better operations. Increasing incidences of identity and data theft is fueling the demand for advanced biometric systems, which in turn is having a positive impact on the market for biometric sensors. Research centers, hotels, commercial centers, offices, airports, financial centers, and educational hubs are some of the key end user of the biometric sensors. High security defense academies are also opting for advanced biometric systems in order to secure the crucial information. Defense and army offices are key areas where biometric systems are installed for better operations. The global biometric sensors market was valued at US$ 969.4 million in 2017 and is expected to witness a CAGR of 8.3% during the forecast period (2017 – 2025). Request Sample Copy of this Report @https://www.coherentmarketinsights.com/insight/request-sample/754 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. Detailed Segmentation:
Request For Customization @https://www.coherentmarketinsights.com/insight/request-customization/754 Key companies covered as a part of this study include 3M, Crossmatch Technologies Inc., Idex Asa, Infineon Technologies Ag, Fulcrum Biometrics, Safran, Precise Biometrics Ab, NEC Corporation, Zkteco Inc., and Suprema Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |