Fingerprint Sensor Market Size, Share, Analysis By Technology, Sensing Process, Region – Global Analysis And Forecast 2022 – 2028
The Fingerprint Sensor Market is projected to grow USD 3.48 billion in 2021, it is expected to reach USD 6.19 Billion by 2028, growing at a CAGR of 8.60% during forecast period 2022 – 2028
A fingerprint sensor is a type of technology that identifies and authenticates the fingerprints of an individual in order to grant or deny access to a computer system or a physical facility. It is a type of biometric security technology that utilizes the combination of hardware and software techniques to identify the fingerprint scans of an individual. Fingerprint scanners most commonly use an individual’s thumbprint as identification.
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The growing adoption of fingerprint sensor-based biometric systems by corporate and government agencies to record the attendance and for measuring service hours of employees is propelling the fingerprint sensor market growth in the span of the forecast. One of the biggest advantages of fingerprint sensors for enterprises is, no other employee can register a proxy of other employees thus preventing the frauds in attendance and thus helping the management to monitor the productivity of employees.
The lack of awareness of the advantages that a fingerprint sensor provides among organizations and individuals is one of the key factors restraining fingerprint sensor market growth. Moreover, the adoption of face recognition and iris scanners by various institutions as it provides advance level security and eliminates the risk of fraud due to duplicate fingerprint created by silicone.
The incorporation of Artificial Intelligence (AI) in fingerprints sensors to enhance the accuracy and authentication process, and the growing demand for fingerprint sensors are some of the vital factors providing opportunities for market players. The advancement in technology has given rise to in-display fingerprint sensors in mobile phones.
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Segmentation Analysis of Fingerprint Sensor Market:
Depending on Technology:
Fingerprint Sensor Market is segmented into optical, capacitive, ultrasonic, thermal, and optical-capacitive. The ultrasonic segment is anticipated to dominate the fingerprint sensor market in the period of forecast.
Depending on Type:
The touch segment of the fingerprint sensors market is going to have the highest share of the market in the period of forecast owing to ease in availability, favorable prices, and small convenient shapes and sizes. Touch sensors are widely used in mobile phones and biometrics due to their high accuracy recognition quality.
Depending on Applications:
Biometrics for digital locks and systems for granting access are expected to dominate the fingerprint sensor market in the period of forecast. The growing use of mobile phones having fingerprint sensors and digital locks used in houses as well as in other sectors to prevent the entry of unrecognized individuals is supporting the growth of this segment.
Depending on End-User Industries:
The consumer electronics segment is expected to have the highest share in the fingerprint sensor market. The growing demand for fingerprint sensors in PCs, laptops, mobile phones, tablets, and wearables is propelling the growth of this segment.
By Sensing Process:
- Access Controls
- Biometric System & Digital Locks
- Biometric Smartcards
By End-User Industries:
- Consumer Electronics
- Travel and Immigration
- Government and Law Enforcement
- Banking & Finance
- Smart Homes
- Military, Defense and Aerospace
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Regional Analysis Of Fingerprint Sensor Market:
Asia-Pacific region is expected to dominate the fingerprint sensor in the period of forecast owing to the high number of mobile phone operators in countries such as China and India. Furthermore, the number of consumer electronics in countries such as Japan, South Korea, China, and India is very high.
The Major Players In The Fingerprint Sensor Market Include:
- Goodix (China)
- Shenzhen Goodix Technology Co. Ltd (China)
- Qualcomm Technologies Inc. (US)
- ELAN Microelectronics corp. (Taiwan)
- IDEX Biometrics ASA (Norway)
- Synaptics incorporated (US)
- Precise Biometric (Sweden)
- IDEMIA (France)
- Touch Biometrics (UK)
- Apple Inc. (US)
- FINGERPRINT CARDS AB (Sweden)
- CrucialTec (South Korea)
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Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
3.1 By Technology
3.2 By Sensing Process
3.3 By Type
3.4 By Applications
3.5 By End-User Industries
Chapter 4: Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 4: Fingerprint Sensor Market by Technology
4.1 Fingerprint Sensor Market Overview Snapshot and Growth Engine
4.2 Fingerprint Sensor Market Overview
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size (2016-2028F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Optical: Grographic Segmentation
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size (2016-2028F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Capacitive: Grographic Segmentation
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size (2016-2028F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Ultrasonic: Grographic Segmentation
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size (2016-2028F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Optical-Capacitive: Grographic Segmentation
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size (2016-2028F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Thermal: Grographic Segmentation
Chapter 5: Fingerprint Sensor Market by Sensing Process
To Be Continue….
Key Benefits for Stakeholders:
- The report provides an extensive analysis of the current and emerging Fingerprint Sensor market trends and dynamics.
- In-depth fingerprint sensor market analysis is conducted by constructing market estimations for key market segments between 2022 and 2028.
- Extensive analysis of the Fingerprint sensor market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global Fingerprint sensor market forecast analysis from 2022 to 2028 is included in the report.
- The key players within Fingerprint sensor market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Fingerprint sensor industry.
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