openPR Logo
Press release

Fingerprint Sensors Market Size Worth $25.94 Billion By Key Players: APPLE, SYNAPTICS, FINGERPRINT CARDS AB, GOODIX, EGIS TECHNOLOGY, SILEAD, IDEX ASA, SAFRAN IDENTITY & SECURITY, SUPREMA

01-02-2019 04:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

The fingerprint sensors market was valued at USD 9.61 billion in 2017 and is expected to reach a value of USD 25.94 billion by 2023 at a CAGR of 18% over the forecast period of 2018-2023. The scope of the report is limited to solutions offered by major players including providers of swipe sensors and area and touch sensors. The regions considered in the scope of the report include North America, Europe, Asia-Pacific and the rest of the world.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/17337
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

The market for fingerprint sensors is dominated majorly by security and access control devices, and the rising demand from consumer electronics is growing owing to the adoption of biometric systems. While defense, law enforcement, and other government institutions are investing heavily in security upgrading, with focus on access control systems supporting the growth of the market, mobiles phones have been the major contributors with many companies providing these sensors in mobile devices. With increasing mobile shipments, these sensors have witnessed a subsequent rise in their adoption.

Key Developments in the Market
• December 2017: Synaptics Incorporated had announced mass production with a top five OEM of its new Clear ID FS9500 family of optical in-display fingerprint sensors. The new Synaptics Clear ID optical fingerprint sensors deliver one-touch high-resolution scanning through full cover glass and enable sleek, button-free, bezel-free infinity displays. Synaptics’ high-performance Clear ID FS9500 optical solution excels with wet, dry and cold fingers, and since it is protected by glass, is durable, scratch proof, and waterproof.
• February 2017: Goodix debuted its innovative biometric solutions for display. This was the world’s first fingerprint sensor integrated into the AMOLED display of mobile devices. The sensor’s state-of-the-art technology had brought about a new generation of mobile device design. Its fingerprint authentication and touch solutions are already in use in many global device brands, including HUAWEI, OPPO, Vivo, Xiaomi, ZTE, LG, Nokia, and ASUS.

The major players include –
APPLE INC., SYNAPTICS INC., FINGERPRINT CARDS AB, GOODIX LTD, EGIS TECHNOLOGY, INC., SILEAD, INC., IDEX ASA, SAFRAN IDENTITY & SECURITY (MORPHO), SUPREMA, INC., DERMALOG IDENTIFICATION SYSTEMS GMBH, CROSSMATCH, 3M COGENT INC., NEC CORPORATION, and THALES SA, amongst others.

Request Discount on this repots @ https://marketprognosis.com/discount-request/17337
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Moreover, with a drop in the technology cost, vendors are focusing on new applications with integration in locks, remotes, and other consumer electronics and goods to add smart security features. However, factors such as the lack of awareness about the importance of security and complexity of integration of smartphone-like devices with fingerprint sensors can detain the growth of fingerprint sensor market.

Increasing Usage of Fingerprint Sensors for Smart Wearable Devices and Smartphones
The increasing penetration of smartphones has caused an increased demand for advanced biometric locking systems, causing smartphones to be the fastest growing segment of this market during the forecast period. Additionally, smart devices are being used for almost every activity, such as bill payments, purchases, and even banking. Therefore, there is an increased need for secure biometric authentication systems. This has led to the growth in the demand for fingerprint sensors. In 2016, there was a high increase in penetration for smart devices in the United States whereas, in Canada, the penetration rate was relatively lower. Thus, the market for fingerprint sensors is expected to be driven by the growth and penetration of smart devices.

Military and Defense Application to Register Significant Growth
Owing to the terrorist attacks and other suspicious activities, many security organizations across the world ramped up their security apparatus to thwart further terrorist attacks. The importance of security and control is guided by the degree of sensitivity, nature, and environment. Some of the applications of the fingerprint sensors systems in the military are military bases authorized perimeter access, personal security systems for military installations, and others. Moreover, there is an increased spending on defense worldwide, which will also offer opportunities for the market to propel. In June 2017, Canadian Defence Minister Harjit Sajjan unveiled a 20-year policy review that had been in the works for months. According to this policy, armed forces budget would jump by 73% to CAD 32.7 billion in 2027 from CAD 18.9 billion in 2017, with the biggest increases coming in later years.

North America Accounted for the Major Share
The fingerprint sensing technology is no longer in its infancy in North America, and the advancements in technology have led to its wider adoption in several application segments. Secure access control is the major driver for the growth of fingerprint sensors. Access control for entry is done using biometrics, in which smart touch sensors and smart fingerprint sensors are used. The sensors are further used for employee monitoring, security breaches and intruder alerts in the region. Moreover, in the United States, the penetration rate of smartphones is extremely high, and is expected to cross 85% by 2017. The high replacement rate of smart devices indicates a potential of about more than 80 million devices, in the next two years. All the above factors are expected to drive the market for fingerprint sensors.

Enquiry Before Buying @ https://marketprognosis.com/enquiry/17337
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fingerprint Sensors Market Size Worth $25.94 Billion By Key Players: APPLE, SYNAPTICS, FINGERPRINT CARDS AB, GOODIX, EGIS TECHNOLOGY, SILEAD, IDEX ASA, SAFRAN IDENTITY & SECURITY, SUPREMA here

News-ID: 1466579 • Views: 704

More Releases from Market Prognosis

Technological Advancement in Global Mobile Advertising Market Forecast to 2026 …
Global Mobile Advertising Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Mobile Advertising report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies. Overview of the Global Mobile Advertising Market: The Global Mobile Advertising Market is accounted for $30.98 Billion in 2017 and is expected to reach $214.75 Billion by 2026 growing
Mining Chemicals Market Analysis and Forecast Report 2019 - 2026 with Estimated …
Global Mining Chemicals Market research report 2019 - 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. Overview of the Global Mining Chemicals Market: The Global Mining Chemicals Market is accounted for $6.11 Billion in 2017 and is expected to reach $10.01 Billion by 2026 growing at a CAGR of 5.6%. Significant factors which are influencing the market
Implantable Biomaterials Market Covering Prime Factors and Competitive Outlook T …
This comprehensive Implantable Biomaterials Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers. Overview of the Global Implantable Biomaterials Market: The Global Implantable Biomaterials Market is accounted for $96.11 Billion in 2017 and
Booming Growth in Global Semi-Trailer Market and Forecast to 2023 by Worldwide T …
The report covers a forecast and an analysis of the Semi-Trailer Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume. Overview of the Global Semi-Trailer Market: The report spread across 89 pages is an overview of the Global Semi-Trailer Market - Analysis of Growth, Trends and Forecasts (2018 - 2023). These

All 5 Releases


More Releases for North

Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
06-08-2009 | Sports
ClickCulture
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (clickculture.com), a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif (creationsport.net). The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14