The global fingerprint sensor market is anticipated to grow at a considerable CAGR of 12.8 % during the forecast period (2021-2027). Technological developments are expected to drive the fingerprint sensor market exponentially during the forecast period. Security concerns associated with personal data leak and safety concerns had made majority of the global population to adopt biometric technologies. For instance, in November 2019, Fingerprint Cards AB had been integrated Fingerprint Cards announced that its technology had been integrated into 400 different smartphone models. The company increased biometric technologies like to replace PIN’s and passwords to enhance user experience. The company played a major role in integrating the first touch sensor in 2014 in androids and brought the smartphone fingerprint sensors in the mass market.
Browse the full report description of "Global Fingerprint Sensor Market Size, Share & Trends Analysis Report by Material (Piezoelectric Materials (Quartz), Pyroelectric Materials (Lithium Tantalate), and Others), By Technology (Capacitive, Optical, Thermal, and Ultrasonic), and by End Users (Banking & Finance, Government & Law Enforcement, Travel & Immigration, Consumer Electronics, and Others) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/fingerprint-sensor-market
In addition technological advancement is also moving towards manufacturing and service industries through fingerprint sensors. Banks are adopting these advancements to enable the biometric commercial payments. The biometric sensor enables the opportunity to replace the standard PIN, and signature authentication that delivers the better security without disturbing affecting the speed and convenience of contactless. For instance, in October 2021, Fingerprint Cards AB(fingerprints) receives initial order for next-gen t-shape (t2) from global top-three card manufacturer.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Material
o By Technology
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape-ELAN Microelectronics, Focaltech, ID3 Technologies, IDEX Biometrics, Japan Display Inc., OXI Technology, Touch Biometrix, Vkansee, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Fingerprint Sensor Market Report Segment
By Material
• Piezoelectric Materials (Quartz)
• Pyroelectric Materials (Lithium Tantalate)
• Others
By Technology
• Capacitive
• Optical
• Thermal
• Ultrasonic
By End User
• Banking & finance
• Government and law enforcement
• Travel and Immigration
• Consumer electronics
• Others
Global Fingerprint Sensor Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa