Biometric sensors are an essential part of identity technology. They can be defined as a technology that can be used in high definition cameras mainly for facial recognition and microphones for voice capturing purposes. The specially-designed units that can be customized to scan the vein patterns beneath the skin are also biometric sensors. Some key attributes of biometric sensors include fast verification and identification. Biometric sensors are a breakthrough technology, which weed out various security-related issues from many different domains. Technological advancements coupled with rising demand for biometric technology in different sectors such as automotive, commercial centres, consumer electronics and defence and security among others are offering great opportunities for the major players in the biometric sensors market.

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Biometric sensors market was valued at US$ 837.6 Million in 2016, and is expected to reach US$ 2,129.6 Million by 2025, expected to grow at a CAGR of 10.9% from 2016 to 2025.

In terms of application, the market can be divided into voice scan, finger scan, hand scan, facial scan and iris scan among others. Fingerprint sensors are widely accepted in various industries for authentication purposes in biometric systems. Factors such as rising cases of identity theft and increasing demand for data security and safety are leading to a positive impact on the fingerprint scan market. Finger scan and facial scan together contributed more than 56% share of the total revenue in 2014.

In the current modernized digital world, security threats are increasing rapidly. Financial and banking sectors are interconnected via Internet, and the data related to consumers is very confidential and highly prone to cyber-attacks. The percentage of cyber-attacks is increasing at rapid rate, for example, the cybercrime, cyber espionage, and cyber warfare rate was around 62.70%, 28.00%, and 5.30%, respectively.

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The leading regions dominating the field of biometric sensors technology are as follows:

North America
Europe
Asia-Pacific
LAMEA
The major companies involved with biometric sensors technology is Safran, 3M, Precise Biometrics, NEC Corporation, Zkteco Inc, Suprema Inc, Infenion Technologies AG, Fulcrum Biometrics, Crossmatch Technologies, Idex Asa.

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