Fingerprint Sensors Market 2022 SWOT Analysis and Key Business Strategies by Leading Players - Qualcomm Incorporated, TDK Corporation (Invensense), Vkansee Technology Inc

Latest research on Fingerprint Sensors Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Fingerprint Sensors market. This report included a special section on the Impact of COVID19. Also, Fingerprint Sensors Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment's outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Fingerprint Sensors industry.

The fingerprint sensors market was valued at USD 6.29 billion in 2020 and is expected to reach USD 18.87 billion by 2026 and grow at a CAGR of 20.5% over the forecast period (2021 - 2026). 

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The Fingerprint Sensors market is highly competitive and consists of a number of major players. Top Companies like Qualcomm Incorporated, TDK Corporation (Invensense), Vkansee Technology Inc., Egis Technology Inc., Fingerprint Cards AB, Goodix Ltd., Idex ASA, NEC Corporation, Next Biometrics Group ASA, Sonavation Inc., Synaptics, Inc., Thales Group (Gemalto NV), Idemia France SAS, CrucialTec Co. Ltd

Industry News And Developments:

- December 2019 - Qualcomm has launched a second-generation version of its ultrasonic in-display fingerprint sensor, the 3D Sonic Max, that to fix the issues with the original 3D Sonic Sensor by offering a sensor that's 17 times bigger than the one that was launched previously.

- Jan 2020 - Samsung has launched its premium Galaxy Chromebook at CES. It features Fingerprints Card AB's FPC1145 sensor for a convenient extra layer of corporate and end-user security. For this model, the company delivered its unique software with features like FPC OneTouch, FPC 360Touch, and EvoTouch.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Fingerprint Sensors market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Fingerprint Sensors Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- Fingerprint scanners are increasingly becoming a part of the authentication process, and various enterprises and organizations are forming their security levels around this technology. Recently, the USB fingerprint scanner from eWBM became the first FIDO-Level-2-certified biometric authenticator. Different devices form a part of the authentication level, such as smartphones, smart wearables, and others.

- Moreover, technological developments in the market are expected to be moving from consumer market applications to the industrial market, and the applications are expected to increase exponentially in the industrial space during the forecast period. The use of fingerprint in smart home security is another potential growth market. Security concerns associated with personal data leak and safety concerns over biometrics are challenging the market's growth.

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Key Market Trends

Applications in Smartphones is expected to Hold a Major Share

- The present-day fingerprint scanner revolution started from the time iPhone 5s, which was launched at the end of 2013 with a TouchID feature. Very soon, other smartphone manufacturers such as Samsung, Sony, LG started incorporating fingerprint sensors for mainstream smartphones after which fingerprint sensors became an essential part of every smartphone.

- The fingerprint sensors in the smartphone are mounted on different locations. Major mounting locations include - front, rear, and even side-mounted fingerprint sensors, which are known as capacitive sensors. With the increasing trend of reducing the bezel sizes of the smartphone and the growing adoption of OLED panels, various companies saw this as an opportunity to develop an in-display optical finger sensor. As a result, the first in-display fingerprint smartphone was presented at CES 2018, which was made possible through a collaboration between Vivo and Synaptics.

Asia-Pacific to Witness Highest Growth

- The increasing usage of biometric devices in various organizations and the growth in the usage of wearable devices and growing security and safety concerns are anticipated to drive the fingerprint sensors market in the Asia-Pacific region with a significant growth rate over the forecast period. The increasing mobile transactions in countries such as India and China are also expected to be one of the significant drivers for the mobile biometrics market in the region.

- China is witnessing a high mobile volume of smartphone shipments is also expected to drive the fingerprint sensor market in the region with almost all of the recent smartphones that are incorporating them be it capacitive or optical. In 2019, China's smartphone shipments were valued at 369 million units, whereas distribution channels started to clear 4G inventory in anticipation of 5G uptake in the new year. With the wider rollout of 5G and more incentives given by operators this year, 5G smartphones are expected to exceed 150 million units in 2020. Huawei alone shipped 33 million smartphone units in the last quarter of 2019.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: Fingerprint Sensors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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