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According to a new report Global Biometric Sensor Market, published by KBV Research, the global Biometric Sensor Market is expected to attain a market size of $1.5 billion by 2022, growing at a CAGR of 9.1% during the forecast period.
North America is a dominant region due to growing adoption of cloud services in several industries in the region. Nevertheless, Asia-Pacific would be the fastest growing region during the forecast period.
Biometrics sensors are available in various types such as capacitive sensors in smart phones, optical sensors used in medical & defense equipment, thermal sensors in heat monitoring devices, and electric field sensor in proximity technology. The Capacitive Sensors market dominated the Global Biometric Sensor Market by Type in 2015, and would continue to be a dominant market till 2022. The Thermal Sensors market is expected to witness a CAGR of 11% during (2016 - 2022).
Based on the application of biometric sensors, they are widely used as finger, eye, hand, facial, and vein scanning devices. The Voice Scan market dominated the Global Biometric Sensor Market by Application in 2015, and would continue to be a dominant market till 2022; growing at a CAGR of 5.5 % during the forecast period. The Facial Scan market is expected to witness a CAGR of 10.2% during (2016 - 2022).
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Biometric Sensor have been discussed in the report along with the elaborated company profiles of Infineon Technologies AG, NEC Corporation, Zkteco, Precise Biometrics Fulcrum Biometrics, IDEX ASA, Cross Match Technologies and Suprema Inc.
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