Biometric Sensor Market Predicted to Generate $1.92 Billion Revenue, Globally, by 2025, at 9.3% CAGR: AMR

Rise in number of identity threats & emergence of touchless fingerprint technology and growth in popularity of wearable devices such as smart watches & smart bands, using biometric sensors fuel the growth of the global biometric sensor market

PORTLAND, Oregon, Aug. 27, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Biometric Sensor Market by Type (Capacitive Sensors, Optical Sensors, Thermal Sensors, Ultrasound Sensors, and Electric Field Sensors), Application (Voice Scan, Finger Scan, Hand Scan, Facial Scan, Iris Scan, Vein Scan, and Others)- Global Opportunity Analysis and Industry Forecast, 2017-2025." The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market size & estimates. As per the report, the global biometric sensor market was estimated at $944.0 million in 2017 and is expected to hit $1.92 billion by 2025, registering a CAGR of 9.3% during 2018–2025.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1859

Rise in number of identity threats & emergence of touchless fingerprint technology and growth in popularity of wearable devices such as smart watches & smart bands, using biometric sensors fuel the growth of the global biometric sensor market. On the other hand, high cost of biometric technology and easy availability of alternative cheap non-biometric technologies restrain the growth to some extent.  

The optical sensors segment to retain its dominance till 2025-

Based on type, the optical sensors segment contributed to more than one-third of the total market share in 2018 and is expected to dominate throughout the forecast period. High-end developments on optical sensors have spurred the growth of the segment. The thermal sensors segment, on the other hand, is projected to grow at the fastest CAGR of 14.6% throughout the study period. Increasing R&D for thermal sensors has worked as the major driving factor for the growth.

The finger scan segment held the largest share in 2017-

Based on application, the finger scan segment accounted for nearly two-fifths of the total market revenue in 2018 and is anticipated to lead the trail by 2025. Increasing security concerns propel the growth of the segment. Simultaneously, the voice scan segment would showcase the fastest CAGR of 14.6% during the study period. Rising demand for biometric sensors in consumer electronics has driven the growth.

Asia-Pacific to maintain its lion's share-

Based on geography, the Asia-Pacific region garnered the major share in 2017, contributing to more than one-third of the total market. Increasing technological advancements in the region have led to the growth. At the same time, the LAMEA region would cite the fastest CAGR of 15.3% during the estimated period. Rapid developments in building infrastructures have prompted the growth.

Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/1859 

Frontrunners in the industry-

The key market players analyzed in the report include Crossmatch Technologies Inc., Safran, Fulcrum Biometrics, Precise Biometrics Ab, NEC Corporation, IDEX ASA, ZKTECO Inc., Fujitsu, 3M Cogent, and Infineon Technologies AG. Incorporating a number of exclusive strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others, these market players have become able to heighten their stand in the industry.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Industrial Wireless Sensor Network Market to Reach $1,200 Million, Globally, by 2023

Pressure Sensor Market Expected to Reach $10,446 million, Globally by 2022

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Logo - https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg