Global Fingerprint Sensors Market Expected To Register Around 18.3% CAGR During The Forecast Period

11-Jun-2020 | Zion Market Research

As per the Zion Market Research analysts, the global fingerprint sensors market was capitalized at about USD 2.99 billion in 2018 and is projected to expand at around 18.3% CAGR during the forecast period to attain a worth of about USD 8.25 billion by 2025. The major players within the global fingerprint sensors market include Fingerprint Cards AB, Shenzhen Goodix Technology Co., Ltd., Apple Inc., Synaptics Incorporated, CrucialTec, Egis Technology Inc., Novatek Microelectronics Corp., NEXT Biometrics Group ASA, Qualcomm Technologies, Inc., Q Technology (Group) Company Limited, CMOS Sensor Inc., IDEX Biometrics ASA, FocalTech, ELAN Microelectronics Corporation, IDEX Biometrics, id3 Technologies, OXi Technology, Japan Display Inc., Touch Biometrix, Sonavation Inc., and Vkansee.

Flourishing Consumer Devices Sector Likely To Drive The Growth Of The Global Market

The key factors propelling the growth of the global fingerprint sensor market include the demand for simplified, easy, and safe user access to services & information along with the rising need for biometric authorization & identification along diverse sectors. In consumer devices such as tablets, smartphones, and others, the use of fingerprint sensors has increased keeping security & privacy in mind. Thus the flourishing consumer device sector is likely to influence the market growth positively during the coming period. Also, there has been a rise in requirements for fingerprint sensors in corporate and government organizations for security checks. Nevertheless, the factors such as dearth of alertness about security constraints & essentials and intricacy of incorporation with fingerprint sensors of smartphone-like devices can hamper the expansion of the global fingerprint sensors market.

Capacitive Technology, Based On Technology, Expected To Witness Substantial Growth

On the basis of technology, the capacitive technology segment is projected to grab the highest market share during the forecast period. This can be primarily attributed to the rising usage of capacitive sensors within devices like laptops, smartphones, and other consumer electronics devices. Besides this, capacitive sensors are also being utilized in new applications like start engine operations and door locks in automobiles. Thus, high consumer acceptance and low cost of capacitive fingerprint sensor is expected to boost the segmental growth.

Asia Pacific Expected To Grab The Biggest Market Share During The Forecast Period

During the forecast period, Asia Pacific is anticipated to rule the global fingerprint sensors market. This regional growth can be attributed to factors like the existence of prominent smartphone OEMs such as Oppo, Samsung, Xiaomi, & Vivo in China; need to decrease events of fraud & offer safe access to logical & physical logical assets within commercial applications; the increasing implementation of biometrics systems in enterprises & retail; the growing alertness about the advantages of utilizing fingerprint sensing technology, and cost-effectiveness. Few other prominent players in the Asia Pacific fingerprint sensors market include Egis Technology, Goodix, CrucialTec, and Q Technology.

Browse the full “Fingerprint Sensor Market by Technology (Capacitive, Optical, Thermal and Ultrasonic), by Type (Swipe, Area and Touch), by End-Use Application (Consumer Electronics, Travel & Immigration, Government & Law Enforcement, Banking & Finance, Commercial, Smart homes and Healthcare,): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025.” Report at https://www.zionmarketresearch.com/report/fingerprint-sensor-industry

The global fingerprint sensors market is segmented as follows:

By Technology

  • Capacitive
  • Optical
  • Thermal
  • Ultrasonic

By Type:

  • Swipe
  • Touch

By End-Use Application:

  • Consumer Electronics
  • Travel & Immigration
  • Government & Law Enforcement
  • Banking & Finance
  • Commercial
  • Smart homes
  • Healthcare
  • Military, Defense, & Aerospace

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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