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Fingerprint Identification Module Market to Cross USD 2.90 Billion by 2026 | Secugen Corporation, HID Global Corporation, Suprema Inc., Integrated Biometrics LLC, Nitgen Co. Ltd, NEC Corporation, NEXT Biometrics Group ASA, Anviz Global, Idemia France SAS

04-22-2020 12:30 PM CET | Business, Economy, Finances, Banking & Insurance

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Fingerprint Identification Module Market

Fingerprint Identification Module Market

The 2019-2026 report on Global Fingerprint Identification Module market explores the essential factors Of Fingerprint Identification Module industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

Global Fingerprint Identification Module market is valued approximately USD 2.90 Billion in 2018 and is anticipated to grow with a growth rate of more than 8.3% over the forecast period 2019-2026. Fingerprint identification module is referred to the biometric process that recognizes and validates the authentication of user's fingerprints in order to allow or deny them to access the computer system or physical facility.

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The regional analysis of global Fingerprint Identification Module market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is accounts for the largest share in the global Fingerprint Identification module market due to rising concerns of data thefts among people and growing cases of cyberattacks in the region. Asia Pacific is the fastest growing region in the global Fingerprint Identification module market due to growing government initiatives regarding protection of customers data from cyberattacks and data thefts.

Also, the Galaxy S10 and S10+, the latest phones from Samsung have a new ultrasonic, in-display fingerprint sensor, which creates a 3D image of your print and is more secure than traditional capacitive fingerprint readers. However, expensive systems and devices (Hardware & software) used regarding processing of fingerprint identification module are the factor hamper the growth of market over the upcoming years.

Also, usage of smartphones in integrations of biometric authentication coupled with substantial growth in smart phones drives the growth of market. For instance: According to Precise Biometrics, 60 percent of all transactions in mobile payments are expected to be performed via biometric authentication by 2020, primarily using fingerprint sensors in mobile devices.

Therefore, the Government investments towards the development of a secure and reliable repository of citizen identification and rise in technological advancement to provide higher security to user's data accelerate the growth of market over the forecast years. For instance: as per Government of India, over 1.24 billion people have an Aadhaar number as of June 2019, covering more than 99% of the adult population.

It is a security technology that is a combination of computer software programs and hardware. In such process, fingureprints of user are enrolled or registered with the system stored with data and work in the matching process, when user enters his finger in the system. Further, the system will compare the fingerprint with database and according to match it will either allow or deny access. Fingerprint module includes two processes, fingerprint enrollment and fingerprint matching. It provides advance level of security to the customer data therefore have larger demand from end use industries such as Finance and Government sectors.

Market player included in this report are:
o Secugen Corporation
o HID Global Corporation
o Suprema Inc.
o Integrated Biometrics, LLC
o Nitgen Co.,Ltd
o NEC Corporation
o NEXT Biometrics Group ASA
o Anviz Global
o Idemia France SAS
o Thales Group (Gemalto NV)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End-Use Industries:
o Government & Law Enforcement
o Consumer Electronics
o Aviation
o BFSI
o Healthcare
o Others

By Technology:
o Optical Fingerprint Scanner
o Capacitive-based Fingerprint Reader
o Multispectral Imaging Sensor

By Regions:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World

Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026

Target Audience of the Global Fingerprint Identification Module Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
o Investors

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Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Fingerprint Identification Module Market, by Region, 2017-2026 (USD Billion)
1.2.2. Fingerprint Identification Module Market, by Technology, 2017-2026 (USD Billion)
1.2.3. Fingerprint Identification Module Market, by End-Use Industries, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fingerprint Identification Module Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fingerprint Identification Module Market Dynamics
3.1. Fingerprint Identification Module Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Fingerprint Identification Module Market Industry Analysis
4.1. Porter's 5 Force Model

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