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Biometric Sensors Market Share

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

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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

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.