Generally, a fingerprint sensor is used to authenticate the fingerprint of a person. These are used in smartphones, smart home, IoT and security applications. When a fingerprint is scanned, the sensor analyzes the pattern of a fingerprint and stores the data. The data is then compared with stored scans to determine if a fingerprint belongs to the person it is being used to authenticate.
The fingerprint image is composed of low-lying areas called valleys and high-lying areas called ridges. The ridges change the charge stored in a capacitor, which generates a digital scan. The higher the resolution of the sensor, the better the definition of the ridges. Similarly, the smaller the sensor is, the less the capacitance.
Market Dynamics:
The increasing use of electronic devices is projected to boost the market over the forecast period. Moreover, the growing need for multi-factor authentication systems has also contributed to the increasing adoption of fingerprint sensors in banking and other financial services. The increasing demand for fingerprint sensors in the defense industry is also predicted to increase the growth of the market over the forecast period.
Moreover, the rise in IoT-based devices is likely to offer lucrative opportunities for fingerprint sensor market players. However, the high development cost of biometric sensors is one of the key restraints to the growth of the fingerprint sensors market.
Key features of the study:
- This report provides in-depth analysis of the global fingerprint sensors market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global fingerprint sensors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Sonavation Inc., Qualcomm Technologies, Inc., CrucialTec Co Ltd., TDK Corporation (Invensense), Idemia France SAS, Vkansee Technology Inc., Thales Group (Gemalto NV), Egis Technology Inc., Synaptics Inc., Fingerprint Cards AB, Next Biometrics Group ASA, Shenzhen Goodix Technology Co. Ltd., NEC Corporation, and IDEX Biometrics ASA.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global fingerprint sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fingerprint sensors market
Detailed Segmentation:
- Global Fingerprint Sensors Market, By Type
- Optical
- Captive
- Thermal
- Ultrasonic
- Global Fingerprint Sensors Market, By Application
- Smartphone/Tablets
- Laptops
- Smartcards
- IoT and other Applications
- Global Fingerprint Sensors Market, By End-User Vertical
- Military and Defense
- Consumer electronics
- BFSI
- Other End-user Industries
- Global Fingerprint Sensors Market, By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Qualcomm Technologies, Inc.
- TDK Corporation (Invensense)
- Vkansee Technology Inc.
- Egis Technology Inc.
- Fingerprint Cards AB
- Shenzhen Goodix Technology Co. Ltd
- IDEX Biometrics ASA
- NEC Corporation
- Next Biometrics Group ASA
- Synaptics Inc.
- Thales Group (Gemalto NV)
- Idemia France SAS
- CrucialTec Co Ltd
- Sonavation Inc.
