Fingerprint Sensors Market – Predicted Double-Digit Growth Rate by 2024

Fingerprint Sensors Market

Global Fingerprint Sensors Market: Overview

A fingerprint sensor scans biological features of the fingerprints and compares it with the biometric template stored in the database. It provides verification and approval to the individual. It is more commonly used in the biometric authentication system. Fingerprint sensors are now extensively used in consumer electronics like laptops, tablets, and smartphones. Fingerprint sensors offer fast, reliable, and easy access to data such as the location, personal contact details, emails, payment information, and other encrypted data to the authenticated person. It provides numerous advantages such as ease of access, wide acceptance, reliability, and security. It is an essential tool in record keeping and management to attendance portals. Fingerprint sensors are inexpensive and easy to install; people can use more conveniently fingerprint sensors. High-end security requires multi-factor authentication systems that provide highly accurate security and access for the application areas.

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Global Fingerprint Sensors Market: Growth Factors

Fingerprint sensors are highly demanding for authorization and biometric identification in various areas, it secures user from accessing data & services. The emergence of the tablets and smartphone has increased the demand for privacy and security of data access. Availability of mobile commerce and internet-based online options are further fuelling the global fingerprint sensors market. Fingerprint sensors are widely used for security purposes in corporate and government organizations. Rapid implementation of fingerprint sensors in the various applications especially in the government areas is anticipated to foster the global market growth. However, the complexity associated with smartphone and other devices coupled with the lack of awareness about security essentials is restraining the market growth to some extent.

Global Fingerprint Sensors Market: Segmentation

The market is segmented on the basis of application, type, material, and sensor technology. The application segment is classified into military & defense, mobile devices, banking & finance, law enforcement, government, and others. Based on the type, the market is segregated into swipe sensor, touch sensor, and area sensor. Based on the material segment, the market is bifurcated into sapphire, optical prism, adhesive, piezoelectric material, and others. On the basis of sensor technology, the market is divided into the thermal sensor, optical sensor, ultrasonic sensor, capacitive sensor, and others. The capacitive sensor is further sub-segmented into passive capacitance and active capacitance.

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Global Fingerprint Sensors Market: Regional Analysis

Region-wise, the fingerprint sensors market is diversified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Rise in the use of mobile devices and augmenting penetration of the fingerprint sensors in mobile devices is the major factor that is responsible for the growth of the market in several regions. Increasing non-cash transactions and growth in the number of government projects in the regions may provide new growth avenue in the fingerprint sensors market.

Global Fingerprint Sensors Market: Competitive Players

Major key market players dominating the fingerprint sensors market are Integrated Biometrics, Inc., Fingerprint Cards AB, Synaptics Incorporated, IDEX ASA, Vkansee Technology, and Cross Match Holdings, Inc.

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About Martin Glenn 226 Articles
Martin Glenn is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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