Biometric Sensors Market to Witness Enhanced
Growth During 2018-2025
Biometric Sensors Market was valued at US$ 802.2 million in 2015 and is
projected to expand at a CAGR of 8.3% during the forecast period (2017–
2025)
The Global Biometric Sensors Market was valued at US$ 802.2 million in 2015 and is projected
to expand at a CAGR of 8.3% during the forecast period (2017–2025), as highlighted in a new
report published by Coherent Market Insights. Growing proliferation towards smart phones,
watches, and other smart wearable with features like fingerprint scan, iris recognition, palm
scan and face identification are expected to be major factors driving growth of the global
biometric sensors market over the foreseeable future.
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The demand for biometric sensors is anticipated to surge over the forecast period, as application
of biometric authentication is expanding to luxury cars for better driving experiences. Increasing
demand for advanced security measures is also contributing to the positive development of the
market. Growing digitalization and financial institutions are focusing on biometric alternatives
for authenticating mobile bankers that stabilizes both simplicity and security. Increasing