Global Fingerprint Sensor Market is expected to rise from its initial estimated value of USD 3.58 billion in 2018 to an estimated value of USD 11.73 billion by 2026, registering a CAGR of 15.98% in the forecast period of 2019-2026. Fingerprint sensors are based on biometric security technology, which utilize the combination of hardware and software for identification and authentication of individuals based on their fingerprints, for granting access to any system or any physical facility. It works by first recording the fingerprint scans of authorized individuals and saving them in a database, and then the input on hardware scanner is matched with the entities saved in the database and allowing the access to the positive match.
Major Market Drivers are as follows:
- Increasing adoption of digitalization in attendance and time capturing.
- Rapid adoption of fingerprint sensors in consumer electronics, such as smartphones.
- Support from Governments for fingerprint sensors.
- Increasing applications of biometrics in e-commerce.
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Key Market Competitors: Fingerprint Sensor Market
Few of the major competitors are Apple Inc., Synaptics Incorporated, FINGERPRINT CARDS AB, Shenzhen Goodix Technology Co., IDEMIA, Egis Technology Inc., NEXT Biometrics, Anviz Global., IDEX ASA, Gemalto NV, 3M Congent, Inc., Crossmatch, SecuGen Corporation, HID Global Corporation, SUPREMA, Precise Biometrics, BIO-key among others.
This Fingerprint Sensor Market research report makes available state-of-the-art information about the entire market along with the holistic view of the market. This Fingerprint Sensor Market research report displays a complete overview of the market, including myriad of aspects such as product definition, segmentation based on various parameters, and the existing vendor landscape. The report describes estimations about key players and brands in the market with respect to their actions such as developments, product launches, acquisitions, merges, joint ventures and competitive research.
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Market Segmentation: Fingerprint Sensor Market
- By Type:
- Swipe Sensors
- Area & Touch Sensors
- Materials Used in Fingerprint Sensors
- Piezoelectric Material (Quartz)
- Pyroelectric Material (Lithium Tantalate)
- Coating Material
- By Technology:
- By Application:
- Consumer Electronics
- Consumer Electronics
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The global fingerprint sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of fingerprint sensor market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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