Global Fingerprint Sensor Market, By Type (Swipe Sensors, Materials Used in Fingerprint Sensors and Area and Touch Sensors), Technology (Capacitive, Optical, Thermal and Others) Application (Consumer Electronics, Travel and Immigration, Government and Law Enforcement, Military, Defense and Aerospace, Banking and Finance, Commercial Security, Healthcare, Smart Homes and Other Applications), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
With the developed and developing economies transforming into digitized ones, the demand for fingerprints sensors is bound to rise. Data Bridge Market Research analyses that the fingerprint sensor market will exhibit a CAGR of 15.42% for the forecast period of 2021-2028. This means that the current market value will rise up to USD 20.34 billion by the year 2028.
Fingerprint sensor is a biometrics security system that results in providing advanced security to the important details and information of an individual. The technology scans the biometrics of an individual which if in turn used for the purpose of authentication. It converts the fingerprint into a digital code which results in unlocking the recipient device. The fingerprint sensors can be easily integrated into a range of devices such as mobile phones, tablets, smart watches, laptops and so on. These are cost effective, safe and reliable and seamlessly fast. Increasing instances of security breaches around the world has led to the advent of this technology.
Rising cyber threats and concerns related to security breaches will lead to the rise in the demand for fingerprint sensors. With the advancement in the technology to improve the functioning of fingerprint sensors, the demand for fingerprint sensors is subsequently rising. High rate of adoption of fingerprint sensors in consumer products is also a growth determinant. Increasing demand for the application of fingerprint sensors in internet of things (IoT) is also fuelling up the growth of fingerprint sensors. Incorporation of artificial intelligence to increase the accuracy of authentication process is also carving the way for growth and expansion.
Lack of awareness regarding the security of the fingerprint sensors may hamper the growth of the market. Complexities involved in the integration of devices with this technology will also come forward as an obstruction. The market would also fail to rise in case of physical disability.
This fingerprint sensor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fingerprint sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fingerprint Sensor Market Scope and Market Size
The fingerprint sensor market is segmented on the basis of type, technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the fingerprint sensor market is segmented into swipe sensors, materials used in fingerprint sensors, area and touch sensors. The materials used in fingerprint sensors segmented can be further sub-segmented into pyroelectric material, coating material, pizeoelectric material and adhesives.
- On the basis of technology, the fingerprint sensor market is segmented into capacitive, optical, thermal and others.
- On the basis of application, the fingerprint sensor market is segmented into consumer electronics, travel and immigration, government and law enforcement, military, defense and aerospace, banking and finance, commercial security, healthcare, smart homes, other applications.
Fingerprint Sensor Market Country Level Analysis
The fingerprint sensor market is analysed and market size, volume information is provided by country, type, technology and application as referenced above.
The countries covered in the fingerprint sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region is the largest contributor in terms of market revenue owing to the prevalence of key major players in this region. The cost-effective benefits offered by the same are the reason for high demand for fingerprint sensors in the region. Asia-pacific is also set to score the highest growth rate for the forecast period. This is because of the ever-increasing demand for fingerprint sensors in the smart phones. The developing countries in this region are witnessing high rate of smartphones penetration and thus, this in turn is positively impacting the fingerprint sensor market.
The country section of the fingerprint sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fingerprint Sensor Market Share Analysis
The fingerprint sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the fingerprint sensor market.
The major players covered in the fingerprint sensor market report are Apple Inc., FINGERPRINT CARDS AB, Synaptics Incorporated., Egis Technology Inc., Shenzhen Goodix Technology Co., Ltd., Shanghai Sili Microelectronics Technology Co., Ltd., IDEMIA, IDEX ASA, Thales Group, SUPREMA., HID Global Corporation, DERMALOG Identification Systems GmbH, NEC Corporation, BIO-key International®., Precise Biometrics, SecuGen Corporation., 3M Congent, Inc., Anviz Global Inc, NEXT Biometrics and Mantra Softech (India) Pvt. Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Fingerprint Sensor Market
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