Next Generation Biometrics Market revenue was $4739M in 2017 and expected to rise at a CAGR of 22.3% during the forecast period 2018-2023.
Americas held the major Biometrics Market share of $5.063 billion in the year 2017 and is estimated to hold $17.281 billion during the entire forecast duration 2018-2023 at highest CAGR
of 22.5%, followed by Europe. However, APAC and RoW regions are estimated to be the growth regions and expected to register 22.4% CAGR and 22.3% CAGR during 2018 to 2023.
The major growth factors in these regions are consumer electronics, enterprises and healthcare. With greater disposable income and high demand from consumer end, these regions are
projected to witness quick growth in the market.
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Selected Analysis Done in the Next Generation Biometrics Market Report:
The value chain begins with the sensors and components manufactured by companies such as UEPK, IDEX ASA, Integrated Biometrics, Precise Biometrics, and so on. The technology and product planning, designing, patent filing are the primary activities done by the device
manufacturers, after which the components are procured to proceed for production.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
The high demand for advanced security in smart-phones coupled with product innovations is driving the fingerprint sensors market in consumer electronics industry. The need for security, convenience, and unique credentials to authenticate an individual which are less prone to theft or loss is facilitating the shift from traditional techniques to biometrics. This factor is propelling the market growth.
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Key Players of the Next Generation Biometrics Market
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Morpho
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NEC Corporation
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3M Cogent Inc.
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Synaptics Inc.
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Fingerprint Cards AB
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And 15+ more Download Sample Report
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