Fingerprint Sensor Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4222
Fingerprint Sensor Market size is expected to witness a lucrative growth from 2019 to 2025 owing to increasing implementation of these components in consumer electronics devices such as smartphones, tablets, and laptops. The growing need for security systems across electronics applications, commercial offices, and others has created significant growth opportunities for the fingerprint sensor market. These sensors provide an effective & faster way to unlock the devices and keep them secure. The companies are also adding features, which will allow functions such as swiping and clicking pictures using this feature, further propelling their adoption. The market is also majorly driven by the demand for biometric devices in corporate offices for recording the in & out timings of employees and managing the attendance. These components can compare the live scan of employees and compare it with the biometric data stored in the system, which is helpful in authorization purposes at various commercial buildings and government offices.
The consumer electronics industry will significantly contribute to the growth of the fingerprint sensor market. The demand for consumer electronics products has significantly increased in recent years. According to the Consumer Technology Association, smartphones are owned in 87 percent of the U.S. homes. Many of the smartphone manufacturers have been implementing these components even in entry-level phones. The reducing prices of smartphones, high market competition, and the demand for features have resulted in the implementation of these sensors by well-known brands such as Xiaomi, Coolpad in smartphones priced as low as USD 100. Leading laptop manufacturers including Asus, Acer, and Dell have introduced laptops with fingerprint sensors. The growing need to secure these devices to protect the data and privacy is enabling the implementation of these sensors.
Optical, capacitive, and ultrasonic scanners are some of the majorly used technologies. The capacitive sensors are more secure and are expected to contribute to a major part in the fingerprint sensor market as many smartphones and other electronic devices are implementing these scanners. These sensors use tiny capacitors to collect the fingerprint data, tracking the details of fingerprints using the electric charge stored by capacitors and storing & analyzing unique & distinctive fingerprint attributes. Moreover, these scanners are hard to be manipulated using prosthetics as the data from the scanner is difficult to be replicated. The optical fingerprint scanners are the earliest technology used for capturing and comparing the fingerprint data. These types of scanners capture an optical image like a photograph and detect different patterns such as darkest and lightest image areas using algorithms. These sensors capture a 2D image and hence are less secure and will witness low adoption.
The smart cards with this technology are emerging in applications such as payments and are creating new opportunities in the fingerprint sensor market. These cards have fingerprint sensors and reference data securely stored on the chip. This can be inserted or tapped directly on the point of sale terminal to complete the transactions. In November 2018, NEXT Biometrics and Infineon Technologies AG introduced a biometric smart card design. This design incorporated the necessary elements, which are required to develop the smart card implemented with fingerprint sensors. These cards eliminate the need to show IDs or enter the password and can be used to authenticate the cardholders using fingerprint, saving time and efforts. The automotive sector is another emerging application sector. In December 2018, Hyundai announced that its ‘Santa Fe 2019 model’ will have this technology that will let the users unlock the doors as well as start the car.
Asia Pacific is expected to be the dominant region in the fingerprint sensor market owing to the large electronics manufacturing industry and the demand for smartphones and other devices. Asia Pacific has been one of the largest contributors to the growth of mobile phone subscribers in recent years. According to the GSM Association, there were around 2.7 billion unique mobile subscribers in Asia Pacific till the end of 2017, accounting for two-thirds of the region’s population. Moreover, half of mobile subscribers in the world are from Asia Pacific, particularly from India and China. The mobile technologies and services contributed to USD 1.5 trillion in the region’s economy and are expected to reach 1.8 trillion till 2022. The steps by the Indian government to make Aadhar card mandatory for identification purposes for multiple applications such as voting, buying new SIM cards, and others are further influencing the industry growth in the Asia Pacific region. The Aadhar card comprises the information of an individual, which can be accessed using biometrics at organizations, providing a secure and faster way to manage the services such as banking.
Synaptics Inc., Goodix, Apple Inc., Fingerprint Cards, Idemia, Anviz Global, Egis Technology, Next Biometrics, Gemalto, IDEX ASA, Next Biometrics, 3M Cogent Inc., Dermalog Identification System, Crossmatch, NEC Corporation, Suprema Inc., Silead Inc., Cyber-SIGN, Ekey Biometric Systems, and IrScan are some of the key players in the fingerprint sensor market. The companies are focusing on more secure products to gain a competitive advantage. Fingerprint scanners for smartphones are the recent offerings by companies to enhance user experience and aesthetics. In March 2018, Synaptics announced that its optical in-display fingerprint sensor FS9500 Clear ID will be featuring on Vivo X21 UD smartphone. This sensor eliminates the need for buttons and bezels for its positioning.
Fingerprint sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2025 for the following segments:
- Capacitive Sensors
- Optical Sensors
- Ultrasonic Sensors
- Swipe Sensors
- Static Sensors
- Consumer Electronics
- Banking and Finance
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
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