According to research, the fingerprint sensors market is expected to grow at a market value of nearly $13.62 Billion by 2026, at approximately 16% CAGR. A fingerprint sensor is used in a device where a sensor captures biological features of the fingerprints in the form of live scan and it helps to compare with an existing biometric template stored in the data. Generally, the fingerprint sensor is used in biometric recognition system used for security purpose in various sectors such as investigation labs, banking & organization, immigration & border protection to provide safe and convenient operation and transactions in everyday life. Recently, the fingerprint sensor is widely used in different consumer electronics such as smartphones, laptops, and tablets. Fingerprint sensors offer vital features like reliable, fast and easy access to data such as the personal contact details, payment information, location, emails, and other related data to the authenticated person. However, the fingerprint sensor is considered as a crucial tool in management to attendance portals and record keeping.
Rising adoption of fingerprint-based authentication systems for different portable application by the government is one of the key factors which help fingerprint sensor market grow at an exceptional rate. The major factor contributing growth to the market is due to growing importance for usage of a fingerprint sensor in various sectors such as demand for security checks in organization, physical access control solution, and expanding market of smartphones and tablets among others. Moreover, the rapid growth of biometric devices across various organizations has also propelling the market growth. However, the factor constrains the market growth is lack of awareness about security and complexity in the integration of devices with fingerprint sensors.
The market research study on “Fingerprint Sensors Market (Type: Swipe Sensor, Touch Sensor, Area Sensor; Material: Optical Prism, Sapphire, Adhesive, Piezoelectric Material, Others; Sensor Technology: Capacitive, Optical, Thermal, Others; Application: Consumer Electronics, Travel & Immigration, Government & Law Enforcement, Military, Defense, & Aerospace, Banking & Finance, Commercial Security, Healthcare, Smart Phones, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global fingerprint sensors market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global fingerprint sensors market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global fingerprint sensors market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The fingerprint sensors market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa followed by major countries. North America accounted to hold the major share of fingerprint sensor market owing to advancement in technology which led to wider application in various sectors. In this region fingerprint sensing technology has its foot hold from longer time. For each region, the market size and volume for different segments has been covered under the scope of report. The players profiled in the report IDEX ASA, Fingerprint Cards AB, Synaptics Incorporated, Vkansee Technology Inc., Cross Match Holdings, Inc., Integrated Biometrics, Inc, and among others.
The global fingerprint sensors market is segmented as below:
Market By Type
Market By Material
Market By Sensor Technology
Market By Application
Market By Geography