LAMEA Biometric Sensor Market By Type (Capacitive, Ultra Sound, Optical, Thermal), Application(Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan), End User (Consumer Electronics, Commercial Centers & Buildings, Medical Research & Lab, BFSI)
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Market Report Description
Growing incidences of cybercrimes and security breaches would be the leading causes for the growth of the biometric sensors market. However, substantial R&D investments would pose as a challenge for the market growth. Biometric sensor is a type of transducer that transforms biometric entities such as voice, face, fingerprint, and others into electrical signals which can be then processed digitally. Once the user is authorized, access is then granted to the user accordingly. The introduction of biometrics in identification process has replaced ineffective systems such as the use of passcodes and PINs, which could be easily hacked. Graphene-enabled biometric sensors and biometric sensors based car driver monitoring systems are some of the significant developments, which would offer ample opportunities for the market participants. However, high cost of R&D is projected to restrain the growth of the market.
Based on the type, the Biometric Sensor market is segmented into Capacitive Sensors, Ultra Sound Sensors, Optical Sensors, Thermal Sensors and Electric Field Sensors. The Applications highlighted in this report include Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein scan and others. The End users covered under the report includes Consumers Electronics, Commercial Centers & Buildings, Medical Research & Lab, Bank & Finance Service Sector and Others. Based on Country, LAMEA Biometric Sensor market is segmented into Brazil, ARGENTINA, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Brazil remained the dominant Country in the LAMEA Biometric Sensor market in 2015. UAE and Saudi Arabia would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Biometric Sensor market. Key companies profiled in the report include Infineon Technologies AG, NEC Corporation, Zkteco, Precise Biometrics Fulcrum Biometrics, IDEX ASA, Cross Match Technologies and Suprema Inc.