DUBLIN–(BUSINESS WIRE)–The “Global Fingerprint Sensor Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Application, End-User Industries and Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa” report has been added to ResearchAndMarkets.com’s offering.
Global Fingerprint Sensor Market is expected to witness a growth of ~10% over the next six years (2022-2028). The market size was valued at around US $3 Bn in 2017, is estimated at around US $5 Bn by 2022, and is expected to reach US $9 bn by 2028.
The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology. The fingerprint sensor finds wide adoption in smartphones, biometrics access control devices, security door locks, and other IoT-based devices.
An increase in the number of intelligent devices, such as tablets, laptops, smartphones, and smart wearables per person, is expected to increase the growth of the studied market. Additionally, the rising demand for biometric devices has accelerated its growth.
The fingerprint sensor is among the most prominent type of biometrics sensors that is used in various applications and devices, due to which the demand for fingerprint sensors is rising. Tracking the attendance of the employees has become easy with the use of biometric systems.
This system prevents employees from logging in for one another hence drastically reducing fraud in attendance systems. These biometric sensors have a thin film transistor (TFT) sensor that allows capacitive sensing to enable its small form factor (3.7 inches x 1.7 inches x 0.3 inches or 95 mm x 45 mm x 8.5 mm) to capture fingerprints under direct sunlight.
Global Fingerprint Sensor Market faces several restraints such as the availability of new technologies like facial recognition and iris recognition. Additionally, the high cost involved in the development of fingerprint sensors is a major barrier to the growth of the market.
Iris scanning and facial scanning provide an advanced level of biometric security that can act as a substitute for the fingerprint sensor. The facial recognition system analyses the shape and position of different parts of the face to recognize the person. Iris scanning is known to be an excellent security technique, especially if it is performed using infrared light. Japanese auto companies are also actively innovating to integrate iris/facial scanning sensors in their upcoming automotive models.
The impact of COVID-19 pandemic negatively impacted the sales and growth of the Fingerprint Sensor Market. The pandemic led several manufacturers to halt their business operations due to disruptions in the global supply chain. Several manufacturers faced chip shortages and the shelf life of produced fingerprint sensors was increasing.
This segment, which comprises wearables, laptops, desktops, and other appliances, was impacted, as production declined due to disruptions in the global supply chain, including China, which is the major hub of OEMs in this segment.
North America is the dominant region in terms of revenue generation; however, the Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~300 participants, few global players control the dominant share and regional players also hold a significant share.
Competitive Landscape
The Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players in the Fingerprint Sensor market.
The large global players constitute ~10% in terms of the number of competitors followed by regional players which account for ~30% of the constitution. Most of the country-niche players deal with the local demand of the region. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.
Key Topics Covered in the Report
- Snapshot of the Global Fingerprint Sensor Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Fingerprint Sensor Market
- Historic Growth of the Overall Global Fingerprint Sensor Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Fingerprint Sensor Industry
- Overview, Product Offerings, and Developments of Key Competitors
- COVID-19 Impact on the Overall Global Fingerprint Sensor Market
- Future Market Forecast and Growth Rates of the Total Global Fingerprint Sensor Market and by Segments
- Market Size of Application/End-user Segments with Historical CAGR and Future Forecasts
- Analysis of the Fingerprint Sensor Market in Major Global Countries
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Country
Key Players
- Fingerprint Cards AB
- Egis Technology.
- Vkansee Technology Inc.
- Synaptics
- Apple Inc.
- CMOS Sensor Inc
- Goodix
- Touch Biometrix
- Q Technology
- Thales
- Idemia
- Qualcomm Technologies, Inc.
- Pindrop Security
- BioCatch
- D-ID
- HyperVerge
- Transmit Security
Scope of the Report
Time Period Captured in the Report
- Historical Period: 2017H-2021H
- Forecast Period: 2022E-2028F
By Type
- Optical
- Capacitive
- Thermal
- Ultrasonic
By Application
- Smartphones/Tablets
- Laptops
- Smartcards
- IoTs
- Others
By End-User Industries
- Consumer Electronics
- Travel and Immigration
- Government and Law Enforcement
- Military
- Others
By Region
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/kaeuzl
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