San Francisco, 30 October 2018 - The global biometric sensor market size is expected to reach USD 1.83 billion by 2024, according to a new report by Grand View Research, Inc. Technological proliferation and increasing demand in commercial buildings, consumer electronics, and banking applications are expected to drive the market growth.
The development of advanced multimodal techniques for biometric authentication and recognition techniques, which employ verification of more than one biometrics enabling increased security levels across the end-use applications, is driving industry growth. The use of biometric Sensor in consumer electronic devices, such as smartphones and tablets, has resulted in an exponential increase in the sensor shipments. End-users are increasingly adopting the advanced sensing and authentication technologies aimed at restricting unauthorized access and increasing security. Advanced recognition techniques such as DNA matching as well as vein, iris, and retina recognition have been increasingly adopted across distinct end-use verticals over the past few years. However, concerns raised over cultural barriers and issues, such as the prevention of misuse of an individual’s biometrics, may pose a challenge to the market growth over the next eight years. Full Research Report On Global Biometric Sensor Market By Grand View Research: www.grandviewresearch.com/industry-analysis/biometric-sensor-market Further key findings from the study suggest:
www.grandviewresearch.com/industry/sensors-and-controls Grand View Research has segmented the global biometric sensor market on the basis of product, application, end-use and region: Biometric Sensor Product Outlook (Volume, Million Units; Revenue, USD Million; 2015 - 2024)
www.grandviewresearch.com/press-release/global-biometric-sensor-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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