According to a new report, published by KBV research, The Global Biometric Sensor Market size is expected to reach $6.7 billion by 2031, rising at a market growth of 19.5% CAGR during the forecast period.
The Capacitive Sensors segment is anticipating a CAGR of 19.3% during (2024 - 2031). Capacitive sensors measure changes in electrical capacitance when a finger or other body part touches the sensor surface. They are commonly used in fingerprint scanners and are valued for their durability, high accuracy, and ability to detect subtle variations in skin characteristics. Capacitive sensors are widely employed in smartphones, access control systems, and other biometric security devices, contributing to their notable share in the market.
The Finger Scan segment is leading the Global Biometric Sensor Market by Application in 2023; thereby, achieving a market value of $2.3 billion by 2031. Fingerprint recognition has long been one of the most popular and reliable biometric methods due to its ease of use, affordability, and high accuracy. It is widely employed in various sectors, including security, banking, and mobile devices. The demand for fingerprint-based biometric solutions remains strong due to their widespread adoption in consumer electronics, identity verification systems, and access control applications.
The Defense segment is registering a CAGR of 19.9% during (2024 - 2031). The defense sector relies on biometric technology for identity verification, access control, and surveillance in sensitive areas. Biometric sensors ensure secure access to military facilities, devices, and classified information. The increasing need for advanced security measures in defense operations and the adoption of biometric solutions for personnel identification have contributed to the defense sector’s growing share in the market.
Full Report: https://www.kbvresearch.com/biometric-sensor-market/
The North America region dominated the Global Biometric Sensor Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.3 billion by 2031. The Europe region is experiencing a CAGR of 19.1% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 20.4% during (2024 - 2031).
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