Fingerprint Sensor Market Is Booming Worldwide by 2026 | Synaptics Incorporated, GOODIX Technology INC., Apple, NEC Corporation, IDEMIA, Fingerprint Cards, Anviz Global, Gemalto, 3M, Suprema Inc.

The Fingerprint Sensor Market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the Fingerprint Sensor Market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

The consumer electronics industry will significantly contribute to the growth of the fingerprint sensor market. The demand for consumer electronics products has significantly increased in recent years. According to the Consumer Technology Association, smartphones are owned in 87 percent of the U.S. homes. Many of the smartphone manufacturers have been implementing these components even in entry-level phones. The reducing prices of smartphones, high market competition, and the demand for features have resulted in the implementation of these sensors by well-known brands such as Xiaomi, Coolpad in smartphones priced as low as USD 100. Leading laptop manufacturers including Asus, Acer, and Dell have introduced laptops with fingerprint sensors. The growing need to secure these devices to protect the data and privacy is enabling the implementation of these sensors.

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Optical, capacitive, and ultrasonic scanners are some of the majorly used technologies. The capacitive sensors are more secure and are expected to contribute to a major part in the fingerprint sensor market as many smartphones and other electronic devices are implementing these scanners. These sensors use tiny capacitors to collect the fingerprint data, tracking the details of fingerprints using the electric charge stored by capacitors and storing & analyzing unique & distinctive fingerprint attributes. Moreover, these scanners are hard to be manipulated using prosthetics as the data from the scanner is difficult to be replicated. The optical fingerprint scanners are the earliest technology used for capturing and comparing the fingerprint data. These types of scanners capture an optical image like a photograph and detect different patterns such as darkest and lightest image areas using algorithms. These sensors capture a 2D image and hence are less secure and will witness low adoption.

The smart cards with this technology are emerging in applications such as payments and are creating new opportunities in the fingerprint sensor market. These cards have fingerprint sensors and reference data securely stored on the chip. This can be inserted or tapped directly on the point of sale terminal to complete the transactions. In November 2018, NEXT Biometrics and Infineon Technologies AG introduced a biometric smart card design. This design incorporated the necessary elements, which are required to develop the smart card implemented with fingerprint sensors. These cards eliminate the need to show IDs or enter the password and can be used to authenticate the cardholders using fingerprint, saving time and efforts. The automotive sector is another emerging application sector. In December 2018, Hyundai announced that its 'Santa Fe 2019 model' will have this technology that will let the users unlock the doors as well as start the car.

Asia Pacific is expected to be the dominant region in the fingerprint sensor market owing to the large electronics manufacturing industry and the demand for smartphones and other devices. Asia Pacific has been one of the largest contributors to the growth of mobile phone subscribers in recent years.

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Synaptics Inc., Goodix, Apple Inc., Fingerprint Cards, Idemia, Anviz Global, Egis Technology, Next Biometrics, Gemalto, IDEX ASA, Next Biometrics, 3M Cogent Inc., Dermalog Identification System, Crossmatch, NEC Corporation, Suprema Inc., Silead Inc., Cyber-SIGN, Ekey Biometric Systems, and IrScan are some of the key players in the fingerprint sensor market.

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