Biometric Sensors Market - By Product (Optical Sensors, Electric Field Sensors, Thermal Sensors, Capacitive Sensors, Ultrasound Sensors), By Application (Finger Scan, Facial Scan, Hand Scan, Voice Scan, Vein Scan, Iris Scan), By End-Use & Forecast, 2024 – 2032

Biometric Sensors Market Size

Biometric Sensors Market was valued at over USD 1.8 billion in 2023 and is estimated to register a CAGR of over 12.5% between 2024 and 2032. The biometric authentication industry has been experiencing an upward trend, boosting the growth of the market. Various organizations from finance, health and government sectors have adopted biometric authentication systems to prevent security breaches and identity theft.
 

For instance, in January 2024, Mastercard launched the Mastercard Biometric Authentication Service that was designed to improve safety as well as convenience for customers. This service confirms identities by means of fingerprint, iris or facial recognition scanning so as to protect personal information better.
 

A favorable regulatory environment is a significant driver of growth for the biometric sensors industry. Governments and industry groups have established guidelines to improve security such as Europe’s GDPR, or India’s Aadhaar system. To conform to these regulations, companies must incorporate biometric verification and other identification systems, therefore fueling demand for biometric sensors across diverse sectors. Abiding by these standards facilitates interoperability, dependability and safety of the technology, therefore fostering trust among users.
 

The biometric sensors market faces significant obstacles in the field of liveness detection which is one major component of biometric authentication systems that are designed to fight against spoofing attacks. Security and reliability of biometric authentication systems is under serious threat from various spoofing techniques like using fake biometrics. Therefore, the need to develop robust liveness detection algorithms capable of differentiating between real and fake biometric samples. Success of the algorithm depends mainly on reducing false negatives while combating several tricks as well as adapting itself to changing environments.
 

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.
 

Biometric Sensors Market Analysis

Based on product, the market is segmented into optical sensors, electric field sensors, thermal sensors, ultrasound sensors. Optical sensor held the largest market share of over 35% in 2023. Optical sensors are growing at a rapid pace because they do not require physical contact and can also address issues concerning cleanliness and health in post-COVID-19 society. The rise in touchless biometric identification facilities has led to an increased requirement for optical sensors across different sectors. Some examples of optical biometric scanners like fingerprint readers or face recognition systems which offer high precision, reliability, and ease of integration have been extensively implemented in many applications.
 

Based on application, the market is segmented into finger scan, facial scan, hand scan, voice scan, vein scan, iris scan, & others. Finger scan segment is anticipated to register a CAGR of over 14% from 2024 to 2032. The increasing preference for fingerprint scanners can be attributed to their dependability, precision as well as ease of use in identification and access control within the financial sector, health care centers, government institutions, and consumer electronics. The adoption of these devices has been supported by improvements made on several fronts in this area. This trend is anticipated to sustain in the coming years, with growing incorporation of security measures in mobile phones, tablets, laptops, etc. 
 

North America accounted for around 36% of the global biometric sensors market share in 2023. Different industries including government, healthcare, finance, and consumer electronics are increasingly focusing on security and identity verification more than ever before. As a result of this trend towards greater security awareness, businesses are now in search of more secure forms of authentication that they can depend on because of increased issues such as identity theft, fraud, and data breaches. This has led to the demand for biometric solutions going up. The use of biometric sensors has been facilitated by development in technology. One of the reasons why biometric identification is preferred is because it has got better sensor accuracy levels, faster processing speeds and reduced costs. Devices like smartphones, tablets among others have seen their market expand with their integration with biosensors.
 

Biometric Sensors Market Share

3M Company Corporation and Fujitsu held a significant share of the biometric sensors industry in 2023. 3M Company offers a range of biometric solutions in the market, primarily focused on fingerprint recognition technology. The company’s advanced algorithms and sensor technologies are utilized in their biometric sensors to ensure that there is efficient and accurate as well as reliable fingerprint authentications for different applications such as access control, time attendance tracking and identity confirmation.
 

Fujitsu has a range of innovative identity verification and authentication solutions. This includes palm vein recognition systems, fingerprint identification system, iris recognition system and facial recognition systems which has been developed through its expertise in developing biometric technology or sensors.
 

Biometric Sensors Market Companies

Major players operating in the market are:

• 3M Company
• Fujitsu
• Crossmatch
• Infineon Technologies
• Fulcrum Biometrics LLC
• NEC Corporation
• Precise Biometrics AB
   

Biometric Sensors Industry News

• In December 2023, Fingerprints, a biometric company, announced the development of Thales Gemalto biometric payment cards. Thales is a global leader in the digital security industry. The new product features Fingerprints’ T-Shape sensor (T2) and biometric payment software platform, offers advanced transaction speed, improved power efficiency and enhanced security.
   
• In December 2023, The Eastern Bank in Bangladesh launched the world's first biometric metal card. This innovative card, featuring IDEX Biometrics' Mastercard certified technology, IDEX Pay, aims to provide top-notch security and a seamless payment experience for EBL's premium customers.
   

The biometric sensors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Product

• Optical sensors
• Electric field sensors
• Thermal sensors
• Capacitive sensors
• Ultrasound sensors

Market, By Application

• Finger scan
• Facial scan
• Hand scan
• Voice scan
• Vein scan
• Iris scan
• Others

Market, By End-Use

• Consumer electronics
• Construction
• Defense
• Medical
• BFSI
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA