Biometric Sensor Market, Global Outlook and Forecast 2023-2030
The global Biometric Sensor market was valued at US$ 1040 million in 2022 and is projected to reach US$ 1647.7 million by 2030, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Biometry refers to statistical analysis of the biological data, that is, analysis of physical and behavioral characteristics. Sensors generally calculate electrical capacity, light, pressure, speed, and temperature. These sensors are compact in design, therefore can be installed in devices conveniently. It is a breakthrough technology, which eradicates various security-related issues from different domains. They are specially designed units made to scan and analyze the vein patterns or the unique features in your fingertip, becoming the necessity in the modern world. The global biometric sensor industry is poised to witness significant growth during the forecast period owing to increase in the cyber-attacks and...