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Biometric sensor market is expected to grow from $2.30 billion in 2021 to $2.69 billion in 2022

The biometric sensor market is expected to grow from $2.30 billion in 2021 to $2.69 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The biometric sensor market is expected to grow to $4.94 billion in 2026 at a CAGR of 16.4%.

Major players in the biometric sensor market are 3M Company, Crossmatch, Fulcrum Biometrics LLC, NEC Corporation, Precise Biometrics AB, IDEX ASA, Suprema Inc., ZKTeco Inc., SAFRAN S.A., SUPREMA, Mantra Softech (India) Pvt. Ltd., SparkFun Electronics, BioEnable Technologies Pvt. Ltd., NEXT Biometrics Group ASA, Synaptics Incorporated, HID Global Corporation, Integrated Biometrics, and NITGEN CO.LTD.

The biometric sensor market consists of sales of biometric sensor services by entities (organizations, sole traders, and partnerships) that are used to identify, verify, and authenticate the identification. A biometric sensor refers to a transducer that turns a biometric trait of an individual into an electrical signal. It tackles a variety of security-related concerns across multiple sectors.

The main types of biometric sensors are capacitive sensors, optical sensors, thermal sensors, ultrasound sensors, and electric field sensors. A capacitive sensor is an electronic device that can detect solid or liquid targets without physical contact. The different applications of biometric sensors include voice scans, finger scans, hand scans, facial scans, iris scans, vein scans, and other applications. The end-users for biometric sensors include consumer electronics, commercial centres and buildings, medical research and labs, banks and financial services sectors, defence and security, and other end-users.

North America was the largest region in the biometric sensor market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa

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