Global Fingerprint Sensors Market 2019 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2025

Fingerprint Sensors Market:

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Executive Summary

Fingerprint sensors are used to capture biological features of the fingerprints through a live scan and compare it with the biometric information that is stored in the database. These sensors are used to provide authentication and authorization to the individual and are most commonly used in biometric authentication systems for security in different commercial spaces. Fingerprint sensors provide fast, easy, and reliable access to personal contact details, payment information, mails, and location data, among other information to authenticate the entry of a user.

The global fingerprint sensors market is estimated to exhibit a sizeable CAGR over the forecast period, as per the latest report. This can be accredited to the speedy adoption of fingerprint-based authentication systems. These systems are used for various portable applications by the government. One of the major drivers of the fingerprint sensors market includes the growing importance of physical access control solution. Further, rising demand for security checks in various organizations and the proliferating growth noted in the smartphone market and tablets are some other factors that are contributing to the ascension of the global fingerprint sensors market.

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Increasing use of biometric devices across several industry verticals has enhanced the level of security noted in the same. This has come to play owing to the rising safety concerns regarding access to sensitive information and data. Alternatively, factors like lack of awareness regarding the security and complexity in the integration of such devices with fingerprint sensors are expected to hamper market growth over the forecast period. While on the other hand, such challenges have opened up new opportunities for research and development, and in turn, for innovation for market vendors functioning in the market. This, has encouraged many market players to invest highly in the research and development activities of fingerprint sensors to attain product differentiation and gain a competitive edge over their market peers and fetch a larger share of the fingerprint sensors market.

Market key player

Apple, Synaptics, Fingerprint Cards, NEC, Precise Biometrics, IDEMIA, NEXT Biometrics, Anviz Europe, IDEX, Gemalto

Market Segmentation

The global fingerprint sensors market is studied for several segments that have helped researchers in providing a detailed insight in the market landscape for the reader of this report. Such segmentation has been conducted by type, application, and region. Based on type, the global fingerprint sensors market is segmented into swipe sensors and area & touch sensors. Based on technology, the global fingerprint sensors market is segmented into thermal, optical, ad capacitive. Based on application, the global fingerprint sensors market is segmented into military, defense & aerospace, consumer electronics, government & law enforcement, BFSI, travel and immigration, healthcare, smart homes, and commercial.

Regional Analysis

The global fingerprint sensors market is segmented into the regions of North America, Latin America, Asia Pacific, Europe, and the MEA. Among these regions, the North American fingerprint sensors market is likely to witness fast paced snowballing owing to the rising adoption of biometric authentication systems in several organizations to authenticate the entry of only employees. Further, adoption of the same in different government institutions is also expected to drive the regional market.

Continuous…

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