Press release
Fingerprint Sensor Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Fingerprint Sensor Market
The Business Research Company offers in-depth market insights through Fingerprint Sensor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fingerprint sensor market size has grown rapidly in recent years. It will grow from $5.89 billion in 2023 to $6.97 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to increased security and authentication needs, increased mobile device adoption, government and law enforcement, increased use in financial services, increased healthcare applications.
The fingerprint sensor market size is expected to see rapid growth in the next few years. It will grow to $13.38 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to growing e-commerce and online security, healthcare data protection, automotive biometrics, regulatory compliance, increasing border security and immigration. Major trends in the forecast period include in-display fingerprint sensors, ultrasonic fingerprint technology, under-display cameras, multimodal biometrics, multimodal biometrics.
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Market Segmentation:
The main types in the fingerprint sensor market are area and touch sensors and swipe sensors. The area and touch sensors capture and record the image of the finger that is placed over the sensor. The different technologies include capacitive, optical, thermal, and ultrasonic and involve various sensor technologies such as 2D and 3D technology. These are used in various applications such as consumer electronics, government and law enforcement, military, defense, and aerospace, travel and immigration, banking and finance, commercial, healthcare, smart homes, and others.
Major Driver - Government Adoption Of Biometrics Fuels Fingerprint Sensor Market Growth
The high adoption of biometrics by governments is significantly contributing to the growth of the fingerprint sensor market. In offices, fingerprint sensors are crucial for biometric identification and attendance monitoring. Governments across the world are now adopting fingerprint sensors into their use. For instance, according to the Biometric Update, a US-based online source that provides information about the global biometrics sector, in October 2021, police units in the UK adopted mobile fingerprint scanners to use on the streets. This will help the police to fetch the identity of the suspect within 60 seconds if the fingerprint matches the fingerprints that are already in police databases. The INK Biometrics mobile biometric solution will be used with crossmatch fingerprint sensor device. Therefore, the high adoption of biometrics by governments is expected to propel the growth of the fingerprint sensor market going forward.
Competitive Landscape:
Major companies operating in the fingerprint sensor market include Cogent Systems Inc., Anviz Global, Apple Inc., Egis Technology Inc., Fingerprint Cards AB, Shenzhen Goodix Technology Co. Ltd., Idex Biometrics ASA, Nippon Electric Company, NEXT Biometrics Group ASA, Qualcomm Technologies Inc., Synaptics Incorporated, BIO-key International, CrucialTec, Hid Global Corporation, M2SYS Technology, Novatek Microelectronics, Secugen Corporation, Goodix Technology Inc., CMOS Sensor Inc., ELAN Microelectronics, Focaltech, Japan Display Inc., Sonavation Inc., Touch Biometrix, Vkansee, AuthenTrend, BioEnable Technologies, Crossmatch, Dermalog Identification Systems GmbH, Gemalto NV, HID Global Corporation, Precise Biometrics AB, Suprema Inc., ZKTeco Inc., BioScan Tek, FacePhi Biometria S.A., Fujitsu Limited, Innovatrics, Nuance Communications Inc.
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Top Trend - Secugen Introduces Certified Fingerprint Reader And Oem Sensor
Technological advancement is a key trend gaining popularity in the fingerprint sensor market. Major companies operating in the fingerprint sensor sector are focused on developing new technological solutions to meet consumer demand and strengthen their position. For instance, SecuGen Corporation, a US-based optical fingerprint technology company, launched fingerprint reader Hamster Pro 30 and OEM sensor U30. The FBI has certified SecuGen's new contact fingerprint reader and sensor is used in FIPS 201 PIV and Mobile ID FAP 30 applications.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fingerprint Sensor Market Characteristics
3. Fingerprint Sensor Market Trends And Strategies
4. Fingerprint Sensor Market - Macro Economic Scenario
5. Fingerprint Sensor Market Size And Growth
…..
27. Fingerprint Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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