Biometric sensors integrate physical traits
of the human body with digital technology in order to provide biometric
security. Semiconductor devices like biometric security systems contain
algorithms and template database in order to match live biometric samples with
the already stored samples in the database. Face metrics, fingerprints, and
vein structures in hands among others are some of the physical traits used to
prepare desired templates. Increasing concerns of privacy and security along
with growing demand for smart gadgets with biometric security systems are some
of the major driving factors for the market. A biometric sensor is a transducer
that converts a biometric treat such as voice, face, and fingerprint etc. of a
person into an electrical signal. Sensors generally measure temperature,
pressure, light, electrical capacity, and speed. Biometric sensors are
lightweight and compact in design. Furthermore, they can be installed in
devices very conveniently. 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 different
domains.
Factors such as increasing emphasis on
better security and safety, application of fingerprint scan, facial scan, hand
scan, and voice scan are expected to see positive growth during the forecast
period from 2015 to 2023. Increasing emergence of mobile and online financial
transactions, biometric security solutions have found a huge opportunity in the
financial sector. Biometric sensors technology can be used in a wide number of
applications such as automotive, consumer electronics, commercial centers, and
hospitality industries. In the sectors where safety, privacy, and security are
of primary concern, biometric sensors are expected to find opportunities in
applications such as making transactions and operations.
Global market for biometric sensors has
been covered under the scope of this report. Biometric sensors are an essential
part of identity technology. They can be defined as a ubiquitous technology
that can be used in high definition cameras primarily 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 breakthrough technology, which weed out
various security-related issues from different domains. Technological
advancements coupled with rising demand for biometric technology in different
sectors such as automotive, commercial centers, consumer electronics and
defense and security among others are offering great opportunities for the
major players in the biometric sensors market.
Rising demand for fingerprint
identification for gaining access in smart phones and other smart gadgets has
positively impacted the growth of biometric sensors market. Growing demand for
biometric sensor based tablets, smartwatches, wearable devices, and other
consumer electronic products is acting as one of the major drivers for this
market. Convenience of use and comprehensive nature of biometric sensors are
among the key drivers for the global biometric sensors market. Biometric
sensors are lightweight and compact in design. Furthermore, they can be easily
installed in devices. Growing preference for stronger systems of security and
convenience in terms of application are major factors contributing to the
growing popularity of biometric sensors at the global level.
By type, the market can be segmented into
capacitive sensors, optical sensors, thermal sensors, ultrasound sensors and
electric field sensors (e field). As of 2014, optical sensors held largest
share in the market. Wide application in biometric systems and flexibility in
application are major drivers for growth of optical sensors.
In terms of application, the market can be
segmented 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.
Convenience in terms of application along with compact design is some of the
major attributes of biometric sensors which in turn are having a positive
impact on the market.
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