According to a new market report by Lucintel, the future of the global smartphone biometric sensor market looks promising with opportunities in the consumer electronics industry. The global smartphone biometric sensor market is expected to grow with a CAGR of 11% from 2020 to 2025. The major growth drivers for this market are high growing trend of the adoption of wearable and smart devices along with rising demand for smartphones.
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In this market, palm, eye, face, vein, and voice are the major technologies. Lucintel forecasts that face and voice sensor are expected to witness the highest growth during the forecast period due to their easy usability, reasonable performance, low costs, and well-developed supply chain.
Within the smartphone biometric sensor market, security will remain the major function segment, and it is expected to witness the highest growth over the forecast period due to rising adoption of smartphone linkages to daily activities, which often requires storing highly sensitive information. Consumers are concerned about the security protection of their passwords. A multi-factor security access using biometric recognition provides smartphone users higher convenience and security.
APAC could showcase its prominence in the global smartphone biometric sensor market due to the swelling usage of fingerprint biometrics in countries, such as India.
Apple, Thales, NEC, Fujitsu, ImageWare Systems, BioEnable Technologies, Mobbeel, M2SYS, and SIC Biometrics are among the major manufacturers of the global smartphone biometric sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smartphone biometric sensor market by technology, function, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Smartphone Biometric Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global smartphone biometric sensor market by technology, function, and region as follows:
By Technology [$M shipment analysis for 2014 – 2025]:
By Function [$M shipment analysis for 2014 – 2025]:
Security
Payments
Data Access
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.