Press release
Fingerprint Sensor Market to reach USD 7.50 Bn by 2029, emerging at a CAGR of 10 percent and forecast 2023-2029
Fingerprint Sensor Market
The report delves into the world of fingerprint sensors, which are crucial components in biometric fingerprint scanners and other fingerprint detection systems. These devices incorporate a fingerprint detection module for security and authentication. The report explores the accuracy, performance, and robustness of biometric fingerprint technology, highlighting the critical aspects of fingerprint processing, including enrollment and matching.
Maximize Market Research Pvt Ltd employed a rigorous research methodology to gather and analyze data for this report. The report is backed by thorough research, ensuring that it provides a comprehensive view of the Fingerprint Sensor Market.
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Fingerprint Sensor Market Dynamics:
The Fingerprint Sensor Market is witnessing significant growth driven by technological advancements. Notable developments include OPPO's K9 5G Smartphone with a Goodix in-display fingerprint sensor and Fingerprint Cards' integration of their compact capacitive touch sensor into Xiaomi's smartphone applications. Biometric authentication has become indispensable in various electronic devices, including smartphones, tablets, PCs, laptops, and wearable devices, contributing to market expansion. Apple, Samsung Electronics, Huawei, Xiaomi, Lenovo, and LG Electronics have actively introduced smartphones with fingerprint sensors, driving market growth.
While fingerprint recognition remains prominent, facial recognition and iris scanning are gaining popularity for their heightened security levels. Facial recognition analyzes various facial elements for matching, while iris scanning uses infrared light to create an encrypted code, offering advanced security.
Fingerprint Sensor Market Regional Insights:
The Asia Pacific region is anticipated to lead the Fingerprint Sensor Market's growth due to the increasing use of biometric devices, the rise of wearable technology, and heightened security concerns. India and China are witnessing a surge in mobile transactions, contributing to market growth.
China, with its high smartphone shipments, is expected to be a major driver of fingerprint sensor adoption. In 2022, China shipped 369 million smartphones, and with the rollout of 5G and incentives provided by carriers, 5G smartphone sales are predicted to exceed 150 million units in 2022. Huawei alone shipped 33 million smartphones in the fourth quarter of 2022.
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Fingerprint Sensor Market Segmentation:
by Type
Area & Touch Sensors
Swipe Sensors
by Technology
2D
3D
by Application
Government & Law Enforcement
Military, Defense, & Aerospace
Banking & Finance
Consumer Electronics/Mobile Devices
Travel & Immigration
Smart Homes
Healthcare
Commercial
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Fingerprint Sensor Market Key Players:
1. Apple Inc.
2. Fingerprint Cards AB
3. Synaptics Inc.
4. Egis Technology Inc.
5. Goodix Ltd
6. Silead Inc.
7. Safran Identity & Security (Morpho)
8. Idex ASA
9. Thales SA
10. 3M Cogent Inc.
11. Suprema Inc.
12. Crossmatch
13. Dermalog Identification Systems GmbH
14. NEC Corporation
15. IDEMIA (France)
16. HID Global Corporation (US)
17. Thales Group (France)
18. Qualcomm Technologies Inc. (US)
19. Fingerprint Cards AB (Sweden)
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Table of content for the Fingerprint Sensor Market includes:
1. Global Fingerprint Sensor Market: Research Methodology
2. Global Fingerprint Sensor Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Fingerprint Sensor Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
Contact Maximize Market Research:
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Chicago, IL, 60606, USA.
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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