Overview
The global Fingerprint Sensor Market is expected to reach USD
8,006.6 million by 2026 at a CAGR of 13.27% during the forecast period. Market
Research Future (MRFR), in its report envelops segmentation and drivers to
provide a better glimpse of the market in the coming years.
Competitive Analysis
The key players of the global fingerprint sensor market are
NEC Corporation (Japan), IDEMIA (France), HID Global Corporation (US), Thales
Group (France), Apple Inc. (US), Qualcomm Technologies Inc. (US), Synaptics
Incorporated (US), Fingerprint Cards AB (Sweden), Shenzhen Goodix Technology
Co., Ltd. (China), and IDEX Biometrics ASA (Norway) among others.
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Market Overview
Due to the rapid adoption by government of a fingerprint based
authentication system through portable application, the Fingerprint Sensor
Market is increasing with a double digit CAGR. The major growth driver on the
market for fingerprint sensors includes the demand for security checks in
organisations, the value of physical access control solution, and the
smartphone and tablet market among others. Furthermore, the growing market
growth of mobile devices such as smartphones, tablets and other portable
devices involves the use of fingerprint sensors in order to protect data
privacy and access protection. Internet-based online and mobile ecommerce
options have further enhanced fingerprint sensor demand. However, factors such
as lack of knowledge of security and the difficulty of smartphone integration
such as devices with fingerprint sensors can hamper market growth According to
a recent Market Research Future study report , the global fingerprint sensor
market is booming and expected to gain prominence over the forecast period.
Morevoer the increased adoption of fingerprint sensors in the BFSI sector is
expected to significantly propel the market over the review period.
The development of less expensive fingerprint sensors for a
wide range of applications presents tremendous market opportunities. There is a
rise in the adoption of integrated fingerprint sensors based on two-factor
authentication systems or multi-factor authentication systems that can provide
high-tech security and access for high-end security applications.
Segmentation
The Fingerprint
Sensor Market Report can be classified into four key segments for the
suitability of the report and enhanced understanding.
Segmentation by Components Comprises sensors (ultrasound
sensors, capacitive sensors, optical sensors, thermal sensors and solid-state
sensors among others), hardware, and software, among others.
Segmentation by Technology Comprises Thermal, Capacitive &
RF Capacitive, Optical and Others.
Segmentation by Application Comprises travel &
immigration, consumer electronics, government, military defence and aerospace,
healthcare, BFSI, and others.
For the reginoal overview, the market has been segmented into
North America, Latin America, Asia Pacific, Europe, and the Middle East and
Africa.
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Regional Evaluation
Asia Pacific dominates the global market for fingerprint
sensors with the highest market share and thus accounts for unprecedented
amounts and is projected to expand by 2022 over its previous growth records.
Because of the presence of countries such as China, South Korea and India, the
growth of the market for fingerprint sensors in Asia Pacific is driving mainly.
These countries are of substantial market size and provide major potential for
the growth of the market for fingerprint sensors. The rise of the medium-sized
income population in China and India and other large emerging markets in the
region helps the consumer spending. Other factors such as the rapid
urbanization, large population ,rising disposable income and the growing
middle class in the APAC region are some of the drivers for the growth of the
fingerprint sensor market in APAC's consumer electronics application. Other
factors such as increased usage of biometric devices within organizations and
increased adoption of emerging technologies in the field.
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