Fingerprint sensors provide authorization and authentication by capturing biological features of the finger prints and compares it with existing biometric template stored in the database. These are most frequently 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 tablets, laptops and smartphones. The global fingerprint sensors market was valued at USD XX million in 20XX and is expected to grow up to USD XX million by 2025, growing at a CGAR of XX%
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 hand, factors such as constraints and complexity of integration of smartphone like devices with fingerprint sensors and lack of awareness about security essentials can restrain the growth of fingerprint sensor market.
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., Silead Inc.,NEC Corporation, Dermalog Identification Systems , and Suprema Inc. among other.
Fingerprint Sensors market is classified based on technology ,type,component, application and region.
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 India and China other major emerging markets in the region is aiding the consumer expenditure. Other factors such as the large population, rising disposable income, rapid urbanization 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 presentation in APAC.
Market segmented on the basis of application:
• Consumer Electronics
• Travel & Immigration
• Military Defence and Aerospace
Market segmented on the basis of type:
• Area & Touch
Market segmented on the basis of technology:
• Capacitive & RF Capacitive
Market segmented on the basis of component:
• Sensors (optical sensors, ultrasound sensors, capacitive sensors, thermal sensors and solid-state sensors)
Market segmented on the basis of region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA