The global demand for Fingerprint Sensor Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Fingerprint sensor, also known as scanner or reader, are security systems of biometrics. They are used to unlock doors and in other security applications. It is becoming commonplace on mobile phones. The sensors make use of the pattern of ridges on their fingers for authentication. Fingerprint biometrics is now being increasingly used for access to security-restricted areas and buildings. It is also used for an accurate digital identification solution for various government applications such as passports, voter registration, national identification cards, and border control.
Increasing the adoption of biometrics at the workplace and rising fingerprint sensors for electronic devices are the major driving factors for the market growth. Fingerprint sensors are now widely adopted in consumer electronics such as a smartphone. Many smartphone manufacturers have added a fingerprint unlock feature to their model. Fingerprint scanning has become a secure alternative to remembering countless user names and passwords. The technology is also rolling-out secure mobile payment systems. They are likely to become a more common and crucial security tool in the future. However, in some sensors like optical, the major drawback is that they aren’t difficult to fool. As optical technology only captures a 2D picture, prosthetics and even other suitable enough images can be used to fool this particular design. This type of disadvantage is likely to hamper the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of fingerprint sensor.
This section of the fingerprint sensor market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By End Use Industries
- Touch Sensors
- Swipe Sensors
- Consumer Electronics
- Travel & Immigration
- Government & Law Enforcement
- Military, Defense, & Aerospace
- Banking & Finance
- Commercial Security
- Smart Homes
This section covers regional segmentation which accentuates on current and future demand for fingerprint sensor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Fingerprint Sensor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fingerprint sensor market include Apple Inc., Synaptics Incorporated, FINGERPRINT CARDS AB, Shenzhen Goodix Technology Co., IDEMIA, Egis Technology Inc., NEXT Biometrics, Anviz Global, IDEX ASA, Gemalto NV, 3M Congent, Inc.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.