Home > Semiconductors & Electronics > Sensors > Biometric Sensors Market

Biometric Sensors Market Trends

  • Report ID: GMI8743
  • Published Date: Mar 2024
  • Report Format: PDF

Biometric Sensors Market Trends

Biometric sensors have been installed in connected devices like smart watches, fitness bands and many other health wearables due to the rise of IoT in various domains. It helps authenticate the user or keep track of their health and other personalized experiences via such mechanisms. For instance, in February 2019, VivaLNK launched its new Sensor Platform for medical wearables based on IoT technology encompassing various sensors, edge computing technologies and an IoHT (Internet of Health Things) data cloud. As a result, it can capture human vitals and biometrics, which are then transmitted to edge devices for processing before the information is sent to the cloud for application integration and analysis.

Trends in the biometric sensor market continue to show that there is a need for contactless biometric technology. Different sectors have shown an uptick in adopting no-touch technologies due to Covid-19, thus leading to the creation of demand for contactless biometric identification tools. Facial recognition, iris recognition and voice recognition are some of the most common forms of this technology whereby users do not need to touch sensors directly for them to authenticate themselves securely and conveniently. Applications for contactless biometric include access systems, time-keeping applications, payment and health care processes.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for biometric sensors was valued at over USD 1,800 million in 2023 and is estimated to register a CAGR of over 12.5% between 2024 and 2032, driven by a favorable regulatory environment.

Optical sensor segment held a major market share of over 35% in 2023 and will continue to gain traction through 2032, as they do not require physical contact and can also address issues concerning cleanliness & health.

North America biometric sensors market accounted for around 36% revenue share in 2023, as different industries including government, healthcare, finance, and consumer electronics are increasingly focusing on security and identity verification.

3M Company, Fujitsu, Crossmatch, Infineon Technologies, Fulcrum Biometrics LLC, NEC Corporation, and Precise Biometrics AB.

Biometric Sensors Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 362
  • Countries covered: 22
  • Pages: 230
 Download Free Sample