Biometric Sensors Market Analysis

Biometric Sensors Market Analysis

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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.