The global biometric sensors market is expected to increase significantly during the forecast period. The Biometric Sensors Market is being driven by factors such as an increase in the number of identity threats, the advent of touchless fingerprint technology, and the growing use of wearable devices such as smart watches and smart bands. Smart device demand, such as smart watches and smart bands, is fast expanding, which drives up need for biometric security sensors.
However, the high cost of biometric technology and the ready availability of competing low-cost non-biometric technologies is a significant impediment to worldwide market expansion. Furthermore, the increased worry about privacy breaches is projected to open up new prospects for the biometric sensor business.
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