The Fingerprint Sensor Market is projected to grow USD 3.48 billion in 2021, it is expected to reach USD 6.19 Billion by 2028, growing at a CAGR of 8.60% during forecast period 2022 - 2028.
Today, customers may authenticate themselves online and in physical establishments using fingerprint sensor more and more frequently. They are used for a range of tasks, including logging on to computers, unlocking mobile devices, and confirming the identity of clients during financial transactions. Authentication methods like passwords and PINs have been found to be less accurate than fingerprint recognition.
The demand for fingerprint sensors from smartphone manufacturers has increased significantly during the past three years, globally. In actuality, they are now the technology's greatest consumers of fingerprint sensors. They employ it to protect user information and guarantee that only individuals with permission can access their accounts. In order to protect users, laptop makers are increasingly utilising fingerprint sensors.
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The Major Players in The Global Fingerprint Sensor Market:
- Goodix (China)
- Shenzhen Goodix Technology Co. Ltd (China)
- CrucialTec (South Korea)
- Apple Inc. (US)
- FINGERPRINT CARDS AB (Sweden)
- EGiS Technologies Inc. (Taiwan)
- Qualcomm Technologies Inc. (the US)
- ELAN Microelectronics Corp. (Taiwan)
- IDEX Biometrics ASA (Norway)
- Synaptics Incorporated (US)
- PRECISE BIOMETRICS (Sweden)
- IDEMIA (France)
- Touch Biometrix (UK)
- Mantra Softech (India) Pvt. Ltd (India) and other Major Players.
Market has segmented the Global Fingerprint Sensor Market on the basis of type, application, and region:
By Technology:
- Optical
- Capacitive
- Ultrasonic
- Optical-Capacitive
- Thermal
By Application :
- Access Controls
- Biometric System & Digital Locks
- Biometric Smartcards
- Others
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The rise in demand for the mobile phone after COVID-19 owing to online learning is expected to boost the fingerprint sensor market in near future. The use of fingerprint sensors in government and private institutions is expected to decline attributed to the communicable nature of the SARS CoV-2 virus. Various institutions are incorporating the use of facial and iris recognition scanners to eliminate the risk associated with the spread of the virus while using fingerprint sensors. To summarize COVID-19 has hampered the growth of the fingerprint sensor market.
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- Visualize the composition of the Global Fingerprint Sensor Market products in terms of Product and application highlighting the critical commercial assets and players.
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- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Technology
3.2 By Sensing Process
3.3 By Type
3.4 By Applications
3.5 By End-User Industries
To be continued…….
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