Lucintel’s latest market report analyzed that smartphone biometric sensor provides attractive opportunities in the consumer electronics industry. The smartphone biometric sensor market is expected to grow at a CAGR of 10%-12%. In this market, face and voice is the largest segment by technology, whereas security is largest by function.
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Based on technology, the smartphone biometric sensor market is segmented into palm, eye, face, vein, and voice. The face and voice segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to its low cost benefits due to their easy usability, reasonable performance, low costs, and well-developed supply chain.
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The smartphone biometric sensor market is marked by the presence of several big and small players. Some of the prominent players offering smartphone biometric sensor include Apple, Thales, NEC, Fujitsu, ImageWare Systems, BioEnable Technologies, Mobbeel, M2SYS, and SIC Biometrics.
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