Fingerprint sensors are used to provide authentication and authorization to the individual by capturing extract of their finger prints biological features in the form of the live scan. Fingerprint sensors also compare it with existing biometric template stored in the database. Using biometrics for authentication purpose provides greater convenience and reliability. Fingerprint sensor is a major biometric technology in consumer electronics, equipped with secured authentication system. Nowadays, smartphones, tablets, and PDAs are becoming the most indispensable gadget of our everyday lives.
Finger print sensors are widely used in the commercial securities as a preferred biometric authentication system. Fingerprints 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 are now increasingly used in consumer electronics like smartphones, tablets and laptops and are expected to drive future market, states the Scholar in this exclusive Market Study Report -“Global Fingerprint Sensors Market” presented by Market Research Future.
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Global Fingerprint Sensors Market is segmented in to two key dynamics for better understanding of the market:
Segmentation by Components: sensors (optical sensors, capacitive sensors, ultrasound sensors, thermal sensors and solid-state sensors among others), hardware and software among others.
Segmentation by Application: mobile security, government, military & defense, banking, and commercial among others.
Market Synopsis and Market Scenario:
Fingerprint Sensors Global Market growth is majorly driven by the growing demand for security checks in organizations, growing importance of physical access control solution, and growing market of smartphones and tablets among others.
Hence the market for Fingerprint Sensors is expected to grow at a significant rate of CAGR during the forecast period – 2016-2027. However, lack of technical awareness and technology restrictions are some of the major factors which are hindering the growth of Fingerprint Sensors Market.
Technological improvements have increased the strength of area sensors but manufacturing challenges have restrained their mass manufacturing and, as a result, the market price of an area sensor is as much as three times of the market price of a swipe sensor. There are several important trends that have been driving the technological innovations in the industry since its early days, and which, directly or indirectly, are driving the Fingerprint Sensor Market Growth, currently. The major trend that is driving the market is the size reduction of the fingerprint sensors, which enables their integration into mobile phone devices without sacrificing other functionalities.
Fingerprint Sensors Market – Regional Analysis:
Asia-Pacific is expected to dominate the Global Fingerprint Sensors Market with the largest market share due to growing usage of biometric devices in organizations, and growing acceptance of new technology in the region, and therefore accounting for a larger market share and is expected to grow over substantially in terms of economy.
Fingerprint Sensors Market in Europe is expected to grow not only with a considerable rate of CAGR but also in terms of Finance from by 2027.
Fingerprint Sensors Market in North America is expected to grow at a substantial rate of CAGR during the forecast period 2016-2027.
Fingerprint Sensors Market – Key Players:
Some of the major players in Global Fingerprint Sensors Market include 3M Cogent Inc. (U.S.), Crossmatch (U.S.), Dermalog Identification Systems (Germany), Egis Technology Inc.(U.S.), Fingerprint Cards AB (Sweden), Other Prominent players are Goodix Ltd (China), NEC Corporation (Japan), Silead Inc. (China), Suprema Inc. (Korea) and Synaptic Inc. (U.S.)among others.
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