Few diversified global players dominate the market holding majority revenue share despite the presence of around 300 competitors comprising a large number of national niche players and some regional players, according to a recent market research on Global Fingerprint Sensor Market by Ken Research
Fingerprint sensor is a category of sensors which are used in fingerprint sensing device for authentication and recognition. These sensors are mainly integrated in a fingerprint detection module and are used for the security of personal computing devices, access and data. Key features of fingerprint sensors include better performance, accuracy and validity based on absolute fingerprint biometric technology.
The fingerprint sensor is widely adopted in smartphones, biometric access control devices, security door locks and other IoT-based devices. Some other applications of fingerprint sensors are voter registration and identification, border control through passport verification, and weapon activation.
Ken Research shares 3 key insights into the competitive landscape of this dynamic market from its latest research study
Global players constitute about 10% of the total number of competitors, while regional companies constitute 30% of the total number of competitors.
A comprehensive competitive analysis conducted during the research study found that the global fingerprint sensor market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of national niche players having their niche on the fingerprint sensor market. Large global players represent around 10% of the number of companies and national niche players represent around 60% of the total number of companies. Most of the niche players in the country operate in providing access control solutions to small and medium enterprises in developing countries, especially in India, China, Philippines, Vietnam and other countries of South Asia.
The continuous efforts of global major players to provide fingerprint sensor solutions to a wide range of fingerprint sensor industries are driving their revenue growth in this market
Detailed comparative analysis of the main competitors available within the research study shows that specialized players such as Fingerprint Cards AB, Egis Technology, Vkansee technology Inc., CMOS Sensor Inc. and Touch Biometrix are highly focused on providing specialized solutions regarding fingerprint sensors and possess advanced techniques that can be used in several vertical sectors. Moreover, several companies and organizations are investing heavily in R&D to increase the development of fingerprint sensor solutions.
- In January 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. Using this technology, users can wave their hands easily and quickly to have their four fingerprints 3D scanned and confirmed in a fraction of a second.
- In January 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to bring biometric cards to Poland. When using this card for the transaction, payment is authorized by biometric verification of the cardholder’s fingerprint, regardless of the amount.
Government initiatives to promote the adoption of fingerprint sensor technology in major regions
- In 2020, the Indian government has mandated biometrics for Aadhar validation in government programs. The Aadhaar database allows government and private sector organizations to validate users with their Aadhaar records. The Aadhaar authentication ecosystem is a procedure by which a person’s Aadhaar number, along with their biometric and demographic information, is sent to the CIDR (Central Identities Data Repository) for validation.
- According to the Foreign Biometric Exchange (FBE) program, biometric data is obtained from foreign law enforcement partners and this is the primary mission of FBE. Biometric records belong to persons of interest to partner nations, the United States, or the international law enforcement community, and also include persons associated with or duly suspected of terrorist activities, serious crimes or transnational criminal activities.
For more information on the research report, refer to the link below:-
Global fingerprint sensor market
Ankur Gupta, Marketing and Communications Manager