A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Biometric Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 1157
Companies: 11 - Players covered include 3M Company; Crossmatch Technologies; Fulcrum Biometrics LLC; Idex Asa; Infineon Technologies AG; NEC Corporation; Precise Biometrics AB; Safran; Suprema, Inc.; ZKTeco USA and Others.
Coverage: All major geographies and key segments
Segments: Application (Voice Scan, Finger Scan, Facial Scan, Iris Scan, Vein Scan, Other Applications); End-Use (Defense, Hospital, Commercial Centers, BFSI, Other End-Uses); Product Type (Capacitive Sensors, Optical Sensors, Thermal Sensors, Other Sensors)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Biometric Sensors Market to Reach $1.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Biometric Sensors estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 6.9% over the analysis period. Capacitive Sensors, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$720.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Optical Sensors segment is readjusted to a revised 7.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $358.8 Million in 2021, While China is Forecast to Reach $294.4 Million by 2026
The Biometric Sensors market in the U.S. is estimated at US$358.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$294.4 Million by the year 2026 trailing a CAGR of 6.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
Thermal Sensors Segment to Reach US$375.4 Million by the year 2026
In the global Thermal Sensors segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$203.6 Million in the year 2020 will reach a projected size of US$319.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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