Global Fingerprint Sensor Market Size is estimated to expand rapidly in the coming years, at a CAGR of 16.5 % from 2018 to 2025. In 2017, the global market valuation was USD 4.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. A sensor for the fingerprint is a kind of electronic security system that uses biometric authentication fingerprints to grant users access to a device, information or transaction approval. Fingerprint sensors have been proliferated by smart-phones, other consumer electronics, government support for the adoption of fingerprints and the use of biometrics for the mobile market. With the emergence of new applications and technologies, the market is growing significantly. These sensors have been used in numerous applications, for example in the field of consumer electronics, banking and finance, enforcement of government and law, travel and immigration, military and aviation defense.
In addition to mainstream identification practices, fingerprint sensors have completely replaced traditional identification methods in certain areas. Governments in many countries have used this technology to ensure border security, identify citizens and maintain law and order, and privately run organizations are using it to safeguard their physical and virtual resources. Different service providers want to use this little hardware to authenticate their customer identity. Many banking and finance enterprises have already integrated their services in order to benefit from smart-phone authentication. In addition, because of increasing adoption rates and economies of scale, the hardware is getting cheaper. The growth of biometric systems will positively be affected by both these factors. As biometric systems improve the adoption rate increases and as the adoption rate increases, the economy of scale will make biometric hardware more cost-effective.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global fingerprint sensor market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fingerprint sensor market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Technology Insights: On the basis of technology, global fingerprint sensor market has been segmented into capacitive, optical, thermal. Out of these products, optical fingerprint sensor is expected to witness high growth in the forecast period. This growth is mainly ascribed due to its wide application in image sensing and electronic equipment. Optical sensors are used to capture fingerprint images with the help of lime and then converting them into electrical signals. The developing pattern of bezel-less screens in cell phones has driven the cell phone producers to create inventive advances for unique fingerprint sensors that consume less space. This prompted the advancement of in-show unique fingerprint sensors wherein the sensors are installed under the showcase of the gadgets and users need to contact the telephone show to verify and open the telephone. The appropriation of in-show unique finger impression sensors by cell phone organizations is relied upon to fuel the market.
By Application Insights: On the basis of application, global fingerprint sensor market has been segmented into consumer electronics, government & law enforcement, travel & immigration, banking & finance. Among which consumer electronics segment is expected to witness high growth in forecast period owing to the technological advancements and increasing use of smart-phones. Expanding use of biometrics for better security has additionally developed as one of the important development drivers in this market. Rising interest for convenience, accessibility, and reach-ability of inserted biometrics is required to be another critical factor in driving the selection of unique fingerprint sensors in consumer electronics segment. Combination of biometrics with purchaser gadgets, combined with its significant expense, is required to negatively affect development. Cell phones have seen an inexorably developing pattern in this innovation in the course of recent years. The innovation has moved towards ease of use and furthermore turned out to be significantly more reasonable for buyers. This innovation has been utilized to encourage online exchanges, confirmation, and numerous different administrations.
The fingerprint sensor market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
APAC's fingerprint sensor market should increase during the forecast period at the highest CAGR. APAC is the fingerprint sensors ' fastest-growing market. As the income available in APAC countries rose, demand and use of smart-phones and laptops grew, thereby increasing the fingerprint market in that region. Current market growth is driven by the increasing penetration of fingerprint sensors, the influx of global players as well as the emergence of indigenous players. As a result, APAC has a substantial market share.
Global Fingerprint Sensor Market Size, Share Analysis by Region 2018
Global Fingerprint Sensor Market Study Objective
1. To forecast the market size of fingerprint sensor market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of fingerprint sensor market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of fingerprint sensor market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of fingerprint sensor market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the fingerprint sensor market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Apple, Synaptics, Fingerprint Cards, Goodix, IDEMIA, Egis Technology, NEXT Biometrics, Anviz Global, IDEX ASA, and Gemalto are some of the key players in the market of fingerprint sensor. These businesses have taken various development approaches in order to enhance their business situation. The main growth policies taken by these teams to improve their products' and global existence to satisfy the increasing supply from developing economy bubbles officials are expansion, fresh brand creation, fusion & procurement and cooperation.
Global Fingerprint Sensor Market Study Report Offer You!
The global fingerprint sensor market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online