The Global Fingerprint Sensor Market is projected to reach a value of over USD 14.6 billion by 2027 at a CAGR of around 18.4%.
The fingerprint sensor is a type of sensor which is used in a fingerprint detection device. These devices are mainly inbuilt in the fingerprint detection module and it is used for computer or any electronic device safety and security. The working principle of the fingerprint sensor mainly depends on the processing. The fingerprint processing mainly includes two elements such as enrollment and matching. The global players in the fingerprint sensor market are Apple Inc., Shenzhen Goodix Technology Co., Ltd., Synaptics Incorporated, Qualcomm Technologies, Inc., and HID Global Corporation/ASSA ABLOY AB among others.
Market Driver:
In the past few years, the consumer electronics is growing at faster rate. This consumer electronics industry includes products such as smartphone, laptops, PCs, and many other products who drive the consumer electronics market. Moreover, in recent five years, data theft issues are also increases and all the consumer electronic products need two factor authentication or double security to protect the devices. The biometric authentication can be used as primary as well secondary method of security and hence, it will drive the fingerprint sensor market during next five years.
Market Restraint:
Face recognition is a method of identifying or verifying the identity of an individual using their face. Face recognition systems can be used to identify people in photos, video, or in real-time. Law enforcement may also use mobile devices to identify people during police stops. In terms of fingerprint, user have to put their thumb or any finger to place on the phone but in case of facial recognition, user have to bring their phone or any facial recognition technology enabled device in level with eye. As compared with fingerprint, facial recognition is more popular now a day due to their service offering, flexible operation, high security, and many other services. Hence, it will restrain the fingerprint sensor market during forecast period.
The report on the fingerprint sensor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Type, Technology, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Fingerprint Sensor Market, by Type
Fingerprint Sensor Market, by Technology
Fingerprint Sensor Market, by Application
Fingerprint Sensor Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Fingerprint Sensor MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY