Portland, April 27, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global biometric sensor market was pegged at $944.0 million in 2017 and is estimated to hit $1.92 billion by 2025, registering a CAGR of 9.3% from 2018 to 2025. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Increase in number of identity threats & emergence of touchless fingerprint technology and growth in popularity of wearable devices such as smart watches & smart bands, using biometric sensors drive the growth of the global biometric sensor market. On the other hand, expensive biometric technology and easy availability of alternative cheap non-biometric technologies curtail down the growth to certain extent. However, surge in demand for better security and authentication methods are expected to create multiple opportunities in the near future.

Get Detail Product Analysis Including COVID-19 Impact on Biometric Sensor Market: https://www.alliedmarketresearch.com/request-sample/1859

By type, the optical sensors segment accounted for more than one-third of the global market revenue in 2017 and is anticipated to rule the roost during the study period. Simultaneously, the thermal sensors segment would portray the fastest CAGR of 14.6% from 2018 to 2025. The other segments analyzed in the report include capacitive sensors, ultra sound sensors, and electric field sensors.

By application, the finger scan segment contributed to nearly two-fifths of the global market share in 2017 and is expected to maintain the lion’s share by the end of 2025. At the same time, the voice scan segment would cite the fastest CAGR of 14.6% till 2025. The market also evaluates the market through other segments such as hand scan, facial scan, iris scan, and vein scan.

By region, Asia-Pacific held the highest share in 2017, garnering more than one-third of the global market. The region across LAMEA, on the other hand, would manifest the fastest CAGR of 15.3% throughout the forecast period. The other two provinces discussed in the report include North America and Europe.

Enquire For Purchase: https://www.alliedmarketresearch.com/purchase-enquiry/1859

The leading market players analyzed in the global biometric sensor market report include Crossmatch Technologies Inc., Infineon Technologies AG, ZKTECO Inc., Safran, NEC Corporation, 3M Cogent, Fujitsu, Fulcrum Biometrics, Precise Biometrics Ab, and IDEX ASA. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.

Access Avenue (Premium on-demand, subscription-based pricing model) @ https:/www.alliedmarketresearch.com/Avenue-Membership-details

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Related Studies:

Torque Sensor Market Expected to Reach $16.82 Billion By 2026

Global Magnetic Sensor Market Expected to Reach $4.22 Billion by 2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com