From GlobeNewswire: 2024-12-13 08:00:00

The biometric sensor market was valued at USD 1.80 Billion in 2023 and is expected to reach USD 6.10 Billion by 2032, growing at a CAGR of 14.59%. Biometric authentication is on the rise due to security concerns, with 81% of smartphones now featuring biometric authentication methods.

In 2023, 46% of travelers used biometrics at airports, while 75% prefer biometrics over traditional ID methods. In the U.S., 176 million people use facial recognition for device security. The banking sector is also embracing biometrics for improved customer experience and reduced fraud in mobile banking applications.

Optical sensors led the biometric sensor market in 2023 with a 42% market share, while the thermal sensor segment is rapidly growing for contactless identification. In applications, finger scans led the market with a 35% share, but facial scans are expected to be the fastest-growing segment from 2024 to 2032.

North America dominates the biometric sensor market, with 30% market share in 2023, driven by advanced technological infrastructure and a focus on security. The Asia-Pacific region is set for rapid growth from 2024 to 2032, with countries like China and India investing heavily in biometric technology for security and financial services.

The upcoming Google Pixel 9 is expected to feature Qualcomm’s 3D Sonic Gen 2 ultrasonic fingerprint sensor, while Apple continues to integrate advanced fingerprint sensors into its latest iPhone models for enhanced security and user authentication. NEC launches a new biometric authentication system capable of quickly identifying up to 100 people per minute in motion, using advanced facial recognition technology to reduce congestion at busy venues like airports and tourist attractions. This follows the acquisition of AuthenTec in 2012, which laid the foundation for Touch ID technology. The system evaluates movement and clothing characteristics for efficient, gate-free authentication.

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