Biometrics is the technical term for body measurements and calculations. It refers to metrics related to human characteristics. Biometrics authentication is used in computer science as a form of identification and access control. It is also used to identify individuals in groups that are under surveillance. Biometric identifiers are the distinctive, measurable characteristics used to label and describe individuals. Biometric identifiers are often categorized as physiological versus behavioral characteristics. Physiological characteristics are related to the shape of the body. Examples include, but are not limited to fingerprint, palm veins, face recognition, DNA, palm print, hand geometry, iris recognition, retina and scent. Behavioral characteristics are related to the pattern of behavior of a person, including but not limited to typing rhythm, gait, and voice. Some researchers have coined the term behaviometrics to describe the latter class of biometrics.
Surge in demand for fingerprint identification for getting access in smart devices and smart phones is positively impacting the growth of biometric sensors market. Moreover, increased demand for smartwatches, wearable devices, consumer electronic products, and biometric sensor based tablets, are also contributing in the development of the overall market. Ease of usage of biometric sensors is another factor driving the demand in the market. These sensors are compact and lightweight, which makes them easy to handle and install. Additionally, rising demand for better data safety and security as per the application is another factor propelling the market growth. However, there are some factors are expected to hamper the market growth. There are several regions whose cultural hindrance is restricting the potential growth of the market. Along with this, lack of standardization of the implementation and development and process is as well expected to bring down the demand of global biometric sensors in the market.
APAC is the largest revenue-generating region in the market and is likely to occupy more than 34% of the overall market revenue during the forecast period. Much of the region’s growth can be attributed to the growing shift of various organizations from smart-card-based systems to biometric-based systems. The governments of several APAC nations such as India are increasingly using fingerprint biometrics for varied purposes including supervision of employee attendance and for preventing infiltration across borders. The Indian government has also introduced Aadhar Card issued by Unique Identification Authority of India (UIDAI) for biometric attendance system in government organizations. The growing investments in the security-related projects and cross-border management will spur the growth prospects for the market in this region over the next few years.
The Biometric Sensors market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Biometric Sensors.
This report presents the worldwide Biometric Sensors market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Biometric Sensors Breakdown Data by Type
Electric Field Sensors
Biometric Sensors Breakdown Data by Application
Commercial Centers and Buildings
Medical and Research Labs
Financial Services Sector
Defense and Security
Biometric Sensors Production by Region
Biometric Sensors Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Biometric Sensors status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Biometric Sensors manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Biometric Sensors :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Biometric Sensors market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.