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The key factors responsible for its growth are the widespread use of fingerprint sensors in consumer devices for biometric authentication, consumer electronics and IoT devices, high adoption of biometrics by governments worldwide for superior security, and use of digitization in the time & attendance system.
Fingerprint sensors are based on biometric security technology, which utilize the combination of hardware and software for identification and authentication of individuals based on their fingerprints, for granting access to any system or any physical facility. It works by recording the fingerprint scans of authorized individuals and saving them in a database, and then the input on hardware scanner is matched with the entities saved in the database and allowing the access to the positive match.
Emergence of new applications such as the use of fingerprint sensor – enabled smart payment cards in banking and finance provide market growth opportunity. The emergence of biometric smartcards in BFSI applications, the newest trend of in-display fingerprint sensors in smartphones, the rise in the adoption of fingerprint sensors in IoT-based devices are likely to provide lucrative opportunities to the fingerprint sensor market players in the forecast period.
Key Segments of the Global Fingerprint Sensor Market
Technology Overview, 2018-2028 (USD Billion)
Type Overview, 2018-2028 (USD Billion)
Applications Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
The market drivers of the Fingerprint Sensor Market are increasing adoption of digitalization in attendance and time capturing, rapid adoption of fingerprint sensors in consumer electronics, such as smartphones, support from governments for fingerprint sensors and increasing applications of biometrics in e-commerce. Fingerprint sensor market growth mainly attributes to its application in various sectors such as consumer electronics, banking and finance, travel and immigration, military and Defence, commercial security, and aerospace. Lately, biometric fingerprint sensors are becoming the most reliable security systems in banking and finance.
The countries in the APAC region already have a booming market in the consumer electronics sector with China alone producing an enormous amount of mobile phones annually. Other countries in the APAC region such as Taiwan, Indonesia, and the Philippines are also significantly growing and sharing the market of smartphones, tablets, and other electronic devices. Furthermore, there is a concrete growth in the commercial, real estate, and banking sectors in APAC which is making it the leading region with a fingerprint sensor market.
The global fingerprint sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market.
However, the lack of infrastructure in developing countries, the issue of credibility, assurance and security of authorized sensors are some of the market restraints that must be tackled to ensure consistent growth in this market.
The key factors responsible for its growth are the widespread use of fingerprint sensors in consumer devices for biometric authentication, consumer electronics and IoT devices, high adoption of biometrics by governments worldwide for superior security, and use of digitization in the time & attendance system.
Fingerprint sensors are based on biometric security technology, which utilize the combination of hardware and software for identification and authentication of individuals based on their fingerprints, for granting access to any system or any physical facility. It works by recording the fingerprint scans of authorized individuals and saving them in a database, and then the input on hardware scanner is matched with the entities saved in the database and allowing the access to the positive match.
Emergence of new applications such as the use of fingerprint sensor – enabled smart payment cards in banking and finance provide market growth opportunity. The emergence of biometric smartcards in BFSI applications, the newest trend of in-display fingerprint sensors in smartphones, the rise in the adoption of fingerprint sensors in IoT-based devices are likely to provide lucrative opportunities to the fingerprint sensor market players in the forecast period.
Key Segments of the Global Fingerprint Sensor Market
Technology Overview, 2018-2028 (USD Billion)
Type Overview, 2018-2028 (USD Billion)
Applications Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Key Stakeholders
1.4 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Macroeconomic Indicators
4.4 Market Dynamics
4.4.1 Drivers
4.4.2 Restraints
4.4.3 Opportunities
4.5 Porter’s Five Forces Analysis
4.6 PESTEL Analysis
4.7 Regulatory Framework
Chapter 5 Fingerprint Sensor Market by Technology
5.1 Introduction
5.2 Capacity
5.3 Optical
5.3 Thermal
5.3 Ultrasonic
Chapter 6 Fingerprint Sensor Market by Type
6.1 Introduction
6.3 Swipe
6.4 Area and Touch
Chapter 7 Fingerprint Sensor Market by Applications
7.1 Introduction
7.3 Consumer Electronics
7.4 Travel & Immigration
7.5 Government & Law Enforcement
7.6 Banking & Finance
7.7 Commercial
7.8 Healthcare
7.9 Smart Home
7.10 Military, Defence,&Aerospace
Chapter 8 Fingerprint Sensor Market by Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.1.1 COVID 19 Impact on U.S.
8.2.2 Canada
8.2.3 Rest of North America
8.3 Europe
8.3.2 UK
8.3.3 Germany
8.3.4 France
8.3.5 Rest of Europe
8.4 Asia Pacific
8.4.2 China
8.4.3 India
8.4.4 Japan
8.4.5 Rest of Asia Pacific
Chapter 9 CompetitiveLandscape
9.1 Introduction
9.2 Strategic Initiatives
9.2.1 Expansion
9.2.2 Acquisition
9.2.3 New Product Launch
9.2.4 Partnership
9.2.5 Agreement
Chapter 10 CompanyProfiles
10.1 Goodix
10.2 Fingerprints
10.3 Synaptics
10.4 Apple
10.5 Egis Technology
10.6 IDEX Biometrics ASA
10.7 Qualcomm Technologies, Inc
10.8 Q Technology (Group) Company Limited
10.9 Novatek Microelectronics Corp
10.10 NEXT Biometrics Group ASA
10.11 CrucialTec