Press release
Fingerprint Sensor Market size is Projected to Reach $9.41 Billion by 2027 | Growing at a CAGR of 14.5%
Fingerprint Sensor Market
The global fingerprint sensor market size was valued at $2.93 billion in 2019, and is projected to reach $9.41 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.
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Fingerprint sensors are used in fingerprint detection devices such as biometric fingerprint scanners. These devices are mainly inbuilt in fingerprint detection module and are used for safety and authenticity. The main features of biometric fingerprint scanner mainly include accuracy, better performance, and robustness based on exclusive fingerprint biometric technology. Fingerprint scanner is an extremely safe & suitable device. The working principle of a fingerprint sensor mainly depends on processing. Fingerprint processing mainly includes two elements, namely enrollment and matching.
Optical fingerprint sensor provide authenticated user with fast, secure, and easy access to personal contact details, emails, payment information, location data, and other types of encrypted data. Sensors for fingerprints allow fast record keeping and control of portals for attendance. Compared with other biometric authentication systems, they are less costly. These factors further increase growth of the fingerprint sensor market size.
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https://www.alliedmarketresearch.com/fingerprint-sensor-market-A06284
Fingerprint sensors provide authenticated user with fast, secure, and easy access to personal contact details, emails, payment information, location data, and other types of encrypted data. Sensors for fingerprints allow fast record keeping and control of portals for attendance. Compared with other biometric authentication systems, they are less costly. Hence, such factors increase growth of the fingerprint sensor market size.
Competitive Analysis:
The fingerprint sensor industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global fingerprint sensor market include,
⦁ Thales Group
⦁ DEMIA
⦁ Apple Inc.
⦁ Synaptics Incorporated
⦁ Egis Technology Inc.
⦁ 3M Congent Inc.
⦁ Crossmatch
⦁ SecuGen Corporation
⦁ HID Global Corporation
⦁ Precise Biometrics
Press Release:
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Top Impacting Factors:
Notable factors positively affecting the fingerprint sensor market include extensive use of fingerprint sensors for biometric authentication in consumer electronics, increase in adoption of biometric authentication in government buildings, rise in number of identity threats, and emergence of touch less fingerprint technology.
However, security threats pertaining to biometric database and high cost associated with biometric technologies hampers growth of the market. Furthermore, emerging trends towards IoT based biometric technology and rise in trends towards in-Display fingerprint sensors in Smartphones are expected to offer lucrative opportunities for the market growth in the coming years.
Key Benefits for Stakeholders:
⦁ This study includes the analytical depiction of the fingerprint sensor market forecast along with the current trends and future estimations to determine the imminent investment pockets.
⦁ The report presents information regarding the key drivers, restraints, and opportunities in the fingerprint sensor market analysis.
⦁ The fingerprint sensor market share is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
⦁ Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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