Fingerprint Sensors Market 2018 Leaders: 3M Cogent, Crossmatch, Dermalog Identification Systems, Egis Technology, Fingerprint Cards AB, Goodix Ltd, NEC Corp., Silead, Suprema, Synaptic

Fingerprint Sensors Market – Overview
Fingerprint Sensors are used in Biometric Fingerprint Recognition System used for security purposes in various sectors such as Police/ Investigation (to help them solve criminal cases), Immigration & Border Protection, in banking & organizations etc. to help make operations, transactions and everyday life both safer and more convenient. Evidently, growing online & offline security concerns worldwide account for the key driving force behind the growth of Biometric Recognition System that resultantly drive the demand for Fingerprint Sensors.

Augmented penetration of internet ensured upsurge demand for online transaction has in turn prompted the demand for these sensors for authentication purposes. Telecommunication sector is second largest adopter (after Govt.entities) of Fingerprint Sensors worldwide. Wide adoption of this the biometric technology to ensure security is the key factor that allows the market to garner exponential traction on the global platform.

Acknowledging the kind of demand & uptake the market is witnessing currently demonstrating the potential to grow further, Market Research Future (MRFR) has recently published a study report giving out the complete market insight up to 2027. In its study report MRFR asserts that the global Fingerprint Sensors market will grow enormously by 2027 registering a fabulous CAGR during review period (2017-2027).

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In addition factors that contribute the market growth include market proliferation of smart phones, growing industrialization and improving economic conditions worldwide which is fueling consumer affordability. Moreover, augmented demand for Fingerprint Recognition System across government sectors (eGovernance usages) is boosting the adoption & the market growth of these sensors. Factors such as spurting digitization, usage of internet coupled with the trend of digital database management systems fuel the growth of the market. Rising security concerns in banking activities is one of the key market growth propellers.

Despite ensuring a wide uptake of Fingerprint Sensors, its market still confronts some growth restraining factors like lack of technical awareness and technical incompetency.

Fingerprint Sensors Market – Competitive Analysis
The Market of Fingerprint Sensors appears to be competitive owing to the presence of numerous well-established players having international and global presence. Mergers & acquisitions, Innovation, brand reinforcement and product launch remain the key trends of the leading players. The market will witness intensified competition with an increase in R&D innovations and M&A.

Crossmatch (US), 3M Cogent Inc. (US), Dermalog Identification Systems (Germany), Fingerprint Cards AB (Sweden), Egis Technology Inc.(US), Goodix Ltd (China), Silead Inc. (China), NEC Corporation (Japan), Suprema Inc. (Korea) and Synaptic Inc. (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Fingerprint Sensors Market.

Industry News:
March 21, 2018 – Samsung Electronics Co., Ltd. (South Korea) announced that it has added two new solutions to its 8-inch, or 200 millimetre wafer, foundry service. By this the company is making RF/IoT and fingerprint sensor available, along with the existing eFlash, power, DDI (display driver IC) and CMOS image sensor offerings.

March 21, 2018 – Synaptics Incorporated (US) one of the leading global developer of solutions for human interface announced that its optical in-display fingerprint sensors - FS9500 Clear ID™ are featured on the new Vivo smartphone - X21 UD.

March 22, 2018 – Samsung Electronics Co., Ltd. (South Korea) announced that it will be adopting in-display fingerprint scanning for its upcoming Galaxy Note 9 smartphones. For this, Samsung Display has prepared 3 to 4 solutions to embed the fingerprint sensor inside of the main display. And one of the solution would be considered for Galaxy Note 9.

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Fingerprint Sensors Market – Segmentation
By Component: Comprising Hardware (Optical Sensors, Capacitive Sensors, Ultrasound Sensors, Thermal Sensors & Solid-State Sensors & others), and software
By Application: Mobile Security, Government, Military & Defence, Banking & Commercial etc.
By Regions: North America, Europe, APAC and Rest of the World.

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