Global Biometric Sensors Market Trends, Demand,Supply & Forecast 2020-2025
Posted by avinash on March 2nd, 2020
Biometric sensor is a transducer that transforms a biometric treat for instance 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..
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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
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).
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.
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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.
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About the Authoravinash
Joined: February 19th, 2020
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