The global biometric sensor market is anticipated to grow from USD 1.80 billion in 2023 to USD 6.10 billion by 2032, with a CAGR of 14.59%. Key factors driving this growth include increasing security needs, innovation in biometric technology, and wider adoption across sectors such as finance, healthcare, and travel. The trend is highlighted by…
The U.S. Customs and Border Protection (CBP) is expanding iris recognition use, guided by Iris ID, focusing on improving border security and efficiency. Iris biometrics offer advantages in reliability and accuracy, with aims for 100% integration at checkpoints. Though more privacy-friendly than facial recognition, concerns about data misuse loom as technology adoption increases. The U.S….
The biometric payment market is set to grow from USD 8.6 billion in 2023 to USD 34.8 billion by 2032, with a CAGR of 16.84%. This growth is attributed to increasing security concerns and consumer preference for seamless transactions powered by technologies like fingerprint and facial recognition. Leading players, including Apple and Mastercard, are spearheading…
