Optical Fingerprint Sensor Market is estimated to grow at a CAGR of 12% by Forecast to 2023

Market Highlights:
The optical fingerprint sensor market is expected to show a steady growth in the fingerprint sensor market. This growth can be attributed to the factors like growing consumer demand of bezel less displays in smartphones. Bezel less displays restricts the companies to place a capacitive fingerprint sensor in the front thereby increasing the demand of optical fingerprint sensors that can be deployed under the display.

Another factor that drives the growth of Optical Fingerprint Sensor Market is its ruggedness. Optical fingerprint sensors are widely used in commercial security, employee identification and at public places resulting in multiple and frequent usage in a single day and thus are prone to dust, oil and other pollutants. However, this also turns to be vulnerable as the optical fingerprint sensor can be easily spoofed by placing an image of the fingerprint on the fingerprint reader.

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Major Key Players:
• Synaptics Incorporated (U.S.)
• BioEnable Technologies Pvt. Ltd. (India)
• Vkansee (China)
• Bayometric (U.S.)
• Shenazhen CAMA Biometrics Co.Ltd (China)
• SecuGen Corporation (U.S.)
• VocalZoom (Israel)
• Fingerprint Cards AB (Sweden)
• Bio Key International Inc (U.S.)
• Securlinx Integration Software (U.S.)
• Aware Inc (U.S.)

Segmentation:
The global optical fingerprint sensor market is segmented into component, technology, application and region. On the basis of component, the market is further segmented into lens, photodiodes, cover plates, charged coupled device (CCD) and Complementary Metal - Oxide - Semiconductor (CMOS) optical imagers. Among these, the CMOS optical imagers and charged coupled device (CCD) perform a major role in fingerprint detection. The charged coupled device helps the photo diode to emit light, which gets reflected by the lens directed towards CMOS optical imagers, identifying the surface pattern.

The photo diodes are the array of light emitting diodes that emit the light when a finger is placed on the cover plate (made of either glass or plastic) which is connected to the microcontroller that matches the pattern on the surface such as ridges, valleys or unique marks by analyzing the lightest and darkest areas of the image. These components work in integration with each other to store and identify the fingerprints.

On the basis of technology, the market is segmented into electro optical imaging and multi-spectral imaging. The electro optical imaging is a technique that enhances the optical sensors and improves their resistance against any fraudulent access. The electro-optical imaging induces a voltage across a light emitting polymer firm that creates a small current whenever a fingerprint ridge touches the polymer surface. This process produces an opposite high contrast image, where the fingerprint valley remains dark and ridges light up. On the other hand, multispectral imaging is an advanced technique designed to reduce the fingerprint spoof attacks.

The multispectral imaging is however, independently used as an optical sensor. The advantage of the multispectral imaging is that it captures those features of the tissues that lie below the surface of the skin as well as on the surface of the fingers. The tissue feature represents the second layer of security in multispectral imaging. However, the most used technique is the electro optical imaging in optical fingerprint sensors.

Regional Analysis:
The regional analysis covers the geographical regions namely North America, Europe, Asia Pacific and rest of the world. Among these regions, Asia Pacific is leading the market for optical fingerprint sensors. This growth can be attributed to the huge presence of semiconductor and electronic component manufacturing industry located in China, Taiwan, Japan and South Korea. The APAC region, being led by two developing nations, India and China, is adopting the fingerprint sensors across various applications, thus witnessing the fastest growth. Also the advancement in smartphone technology is encouraging the smartphone manufacturers to adopt new technology.

North America was an early adopter of fingerprint sensors and has become an established and strong market due to the presence of some of the large vendors of fingerprint sensors. North America follows Asia Pacific, as this region is technologically advanced. The growth of this region also attributes to factor like higher sales of top-end smartphones and tablets, and emerging applications in countries like the U.S and Canada. However, Europe tends to be a mature market for optical fingerprint sensors. The rest of the world segment, lags other regions in this market as the penetration of smartphones (major consumer of fingerprint sensor) with fingerprint scanner is limited. Further, the commercial security and government usage is not much for the optical fingerprint sensors.

The global optical fingerprint sensor market is expected to reach USD 1 billion by 2023, with a CAGR of 12%.

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Intended Audience:
• Storage providers
• Optical lens providers
• Telecom operators
• Research firms
• Electronic component industries
• Healthcare firms
• retailers
• government agencies
• Military and defense
• IT enablers
• Database solutions providers

Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…

List of Tables:
Table 1 Optical Fingerprint Sensor Market, By Component
Table 2 Optical Fingerprint Sensor Market, By Technology
Table 3 Optical Fingerprint Sensor Market, By Application
Continued…

List of Figures:
Figure 1 Research Bot Component
Figure 2 Optical Fingerprint Sensor Market, By Component (%)
Figure 3 Optical Fingerprint Sensor Market, By Technology (%)
Continued…

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This release was published on openPR.