Global Biometric Sensors Market Report 2022

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Major players in the biometric sensors market are 3M Company, Crossmatch, Fulcrum Biometrics LLC, NEC Corporation, Precise Biometrics AB, IDEX ASA, Suprema Inc., ZKTeco Inc., SAFRAN SA, SUPREMA, Mantra Softech (India) Pvt.

New York, Sept. 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Biometric Sensor Global Market Report 2022” – https://www.reportlinker.com/p06318605/?utm_source=GNW
Ltd., SparkFun Electronics, BioEnable Technologies Pvt. Ltd., NEXT Biometrics Group ASA, Synaptics Incorporated, HID Global Corporation, Integrated Biometrics, and NITGEN CO.LTD.

The global biometric sensors market is expected to grow from $2.30 billion in 2021 to $2.69 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The biometric sensors market is expected to reach $4.94 billion in 2026 at a CAGR of 16.4%.

The biometric sensors market consists of the sale of biometric sensor services by entities (organizations, individual merchants, and partnerships) that are used to identify, verify, and authenticate identification. A biometric sensor refers to a transducer that converts an individual’s biometric trait into an electrical signal.

It addresses a variety of security-related issues across multiple industries.

The main types of biometric sensors are capacitive sensors, optical sensors, thermal sensors, ultrasonic sensors, and electric field sensors. A capacitive sensor is an electronic device capable of detecting solid or liquid targets without physical contact.

The various applications of biometric sensors include voice scans, finger scans, hand scans, face scans, iris scans, vein scans and other applications. End users of biometric sensors include consumer electronics, shopping malls and buildings, medical research and laboratories, banks and financial services industries, defense and security, and other end users.

North America was the largest region in the biometric sensors market in 2021. North America is expected to be the fastest growing region during the forecast period.

Regions covered in the Biometric Sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and South America. ‘Africa.

The Biometric Sensors Market research report is one of a series of new reports that provide statistics on the Biometric Sensors market, including the global Biometric Sensors industry market size, regional shares, competitors holding biometric sensors market share, detailed biometric sensors market segments, market trends and opportunities. , and all the additional data you may need to thrive in the biometric sensors industry. This Biometric Sensors Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.

An increase in the number of identity thefts is expected to propel the growth of the biometric sensors market in the future. Identity theft is the theft of personal information, such as social security numbers, bank account numbers, or credit card numbers.

Biometrics meets all authentication, non-repudiation, confidentiality and integrity requirements, helping to reduce and eradicate identity theft. For example, in 2021, according to the Identify Theft Resource Center, a US-based non-profit organization, the total number of data breaches increased by 68% compared to 2020.

Additionally, according to a report by the Federal Trade Commission (FTC), a US-based consumer protection agency, the number of identity theft cases in the United States more than doubled in 2020 compared to 2019. Hence, an increase in the number of identity thefts is driving the biometric sensors market.

Product innovation is a key trend gaining popularity in the biometric sensor market. Market companies are focusing on product innovation and enhanced security measures such as biometric cards for payments.

For example, in July 2021, the Thales group, a French aerospace company operating in the biometric sensor market, launched the Thales EMV contactless biometric payment card. The contactless biometric card simplifies local payments while guaranteeing a high level of confidentiality and security.

A simple and secure personal enrollment method is used to load the user’s fingerprint data onto the card, which can be done at home or at a bank branch. The company is among the first to offer a contactless biometric card that meets all major payment system certification requirements.

In April 2020, Fujitsu Frontech North America Inc., a leading US provider of innovative technologies and IT-based business strategies and applications, acquired Fulcrum Biometrics for an undisclosed amount. With this acquisition, Fujitsu Frontech North America, Inc. intends to enhance its biometric authentication solutions business domestically and globally and also expand its geographic footprint. Fulcrum Biometrics is an American provider of advanced biometric hardware and software solutions for fingerprint, face, iris, palm, palm vein and voice biometrics.

The countries covered in the Biometric Sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06318605/?utm_source=GNW

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