Global Fingerprint Sensor Industry: Post-COVID Growth Opportunity Analysis, Key Players | Shenzhen Goodix Technology Co., Ltd., Fingerprint Cards AB, and Apple Inc.

The global Fingerprint Sensor market size was valued at $3.08 Billion in 2020 and is expected to reach $9.56 Billion by 2028 growing at the CAGR of 14.77% from 2021 to 2028.

Biometric recognition systems have become a necessity in security in multiple applications, including maintaining the attendance of employees and overcoming the challenges posed by online and offline . Because biometric authentication has become highly valued for numerous applications, various manufacturers have integrated it into mobile devices to help customers feel safe and secure using mobile touch screens.

By implementing cutting-edge biometric technology such as fingerprint scanning, facial recognition software, an iris scan, manufacturers provide their customers with the satisfaction of being able to conduct a safe and secure transaction when purchasing goods or signing in at work. Fingerprint sensing is rapidly being adopted by consumers who want to unlock their touch screens in a swift manner so they can quickly access their necessary apps.

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Key Players

Some of the major Fingerprint Sensor players holding high market share include Shenzhen Goodix Technology Co., Ltd., Fingerprint Cards AB, and Apple Inc. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Shenzhen Goodix Technology Co., Ltd.
● Fingerprint Cards AB
● Apple Inc.
● Synaptics Incorporated
● Egis Technology Inc.
● FocalTech
● id3 Technologies
● IDEX Biometrics
● OXi Technology
● Sonavation Inc

The recently published research report on Global Fingerprint Sensor Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Fingerprint Sensor market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Fingerprint Sensor market report also includes the following data points:
● COVID19 Impact on Fingerprint Sensor market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Fingerprint Sensor market

Segmental Analysis

Market Segment By Technology with focus on market share, consumption trend, and growth rate of Fingerprint Sensor Market:
o Capacitive
o Optical
o Thermal
o Ultrasonic
o Others

Market Segment By Type with the focus on market share, consumption trend, and growth rate of Fingerprint Sensor Market:
o Swipe
o Area and Touch

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

APAC is the biggest fingerprint sensor market primarily because it's primarily driven by consumer electronics. In APAC, South Korea and China are major markets for consumer electronics. Apple has been making fingerprint sensors a mainstream trend and Samsung is at the forefront of the smartphone industry - both of which apply pressure to this market and is why so many fingerprints sensors can be found in smartphones. Fingerprint sensors are also used frequently in banking and finance, information technology, travel, and immigration services.

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