The Global Fingerprint sensors provide authentication and authorization by capturing biological features of the finger prints and compares it with existing biometric template stored in the database. These are most commonly used in biometric authentication system for commercial securities. As they provide reliable, fast and easy access to personal contact details, payment information, mails, location data and other form of encrypted data to authenticated person.
Fingerprint sensors have now found their application in consumer electronics like smartphones, tablets and laptops. The global fingerprint sensors market was valued at USD XX million in 2017 and is expected to grow up to USD XX million by 2025, growing at a CGAR of XX%Fingerprint Sensors market is segmented based on type, technology, component, application and region.
The global fingerprint sensors market has global and regional players which include 3M Cogent Inc.,Cross Match Holdings, Inc., Goodix Ltd, IDEX ASA, Synaptics Incorporated, Fingerprint Cards AB, VKANSEE Technology, and Integrated Biometrics, Inc., Dermalog Identification Systems, NEC Corporation, Silead Inc., and Suprema Inc. among other.
Further, by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa.Asia Pacific is expected to dominated the Fingerprint Sensors market due tothe rise of the mediocre income population in China and India and other major emerging markets in the region is aiding the consumer expenditure.
Other factors such as the large population, rapid urbanization, rising disposable income, and growing middle class in APAC region are some of the drivers for the growth of the market for fingerprint sensors in the consumer electronics application in APAC.
Fingerprint Sensors Market Key Segments
On the Basis of Application:
Travel & Immigration
Military Defence and Aerospace
On the Basis of Type:
Area & Touch
On the Basis of Technology:
Capacitive & RF Capacitive
On the Basis of Component:
Sensors (optical sensors, capacitive sensors, ultrasound sensors, thermal sensors and solid-state sensors)
Increasing demand for optical sensors across different applications has significantly driven the growth of optical sensors . The global fingerprint sensor market are driven by primary factors which include demand for convenient, simplified and secure user access to data & services and increasing demand for biometric identification and authorization along different areas. The fast paced growth of consumer devices like smartphone, tablets etc. have raised the demand use of fingerprint sensors to maintain privacy and security of data and access. On the other side, factors such as lack of awareness about security essentials & constraints and complexity of integration of smartphone like devices with fingerprint sensors can restrain the growth of fingerprint sensor market.