Fingerprint Sensor Market to Witness Huge Growth by Key Players: Goodix, Fingerprint Cards, Synaptics Apple, IDEX Biometrics, NEXT Biometrics, Qualcomm and Others.

According to Market Study Report, COVID-19 Impact on Fingerprint Sensor Market provides a comprehensive analysis of the Fingerprint Sensor Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Global Fingerprint Sensor Market size is expected to grow from USD 3.0 Billion in 2020 to USD 6.0 Billion by 2025, at a CAGR of 15.2%.

Top Key Players Profiled in the Fingerprint Sensor Market:
• Goodix (China)
• Fingerprint Cards (Sweden)
• Synaptics (US)
• Apple (US)
• IDEX Biometrics (Norway)
• NEXT Biometrics (Norway)
• Novatek Microelectronics (Taiwan)
• Qualcomm (US)
• ELAN Microelectronics (Taiwan)
• Japan Display (Japan)
• Egis Technology (Taiwan)
• CrucialTec (South Korea)
• Q Technology (China)

“Optical: The fastest-growing segment of the fingerprint sensor market, by technology”
Optical is the fastest-growing segment of the fingerprint sensor market, by technology. Numerous smartphone players such as Samsung and Vivo have launched new smartphones in Q1 2020, during the COVID-19 pandemic, which incorporate optical fingerprint technology.

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“Consumer Electronics: The largest segment of the fingerprint sensor market, by Application”
Consumer Electronics is estimated to be the largest segment of fingerprint sensor market, by application. Fingerprint sensors find various applications in devices such as smartphones, smartwatches, laptops/notebooks, and USB flash drives. As the majority of the consumer electronic products are manufactured in China, and the country was in lockdown in February and few weeks of March 2020, the production was hampered severely in the Q1 of 2020.

“APAC: The fastest growing region in the fingerprint sensor market”
The Asia Pacific region is expected to dominate the fingerprint sensor market and is projected to grow at the highest CAGR during the forecast period. The market growth in the region can be attributed to the rising demand for fingerprint sensors in APAC include technological advancements in sensing technology, increased awareness regarding the benefits of using fingerprint sensing technology among the masses, and the cost-effectiveness of these sensors.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 40%, Tier 2 – 40%, and Tier 3 – 20%
• By Designation: C-level Executives – 40%, Directors – 30%, and Others – 30%
• By Region: North America – 40%, Europe – 30%, APAC – 20%,Latin America – 5% and Middle East & Africa – 5%

Reason to access this report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the pre-COVID-19 and post-COVID-19 scenarios and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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This release was published on openPR.