Covid-19 Impact Fingerprint Sensors Market by Technology, Type, Sensor Technology, Product, End Use Application, and Region

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Extensive use of fingerprint sensors in consumer devices, effective implementation of biometric time and attendance systems to calculate employee productivity, working hours and more, and mass adoption of the Biometrics by governments around the world for enhanced security are the key factors in the growth of the fingerprint sensor market.

New York, October 13, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Fingerprint Sensor Market with Impact of Covid-19 by Technology, Type, Sensor Technology, Product, Application of end use and region – Global Forecast to 2026 “- https://www.reportlinker.com/p04006887/?utm_source=GNW
However, the threats related to the biometric database are the major constraint hindering the growth of the Fingerprint Sensor market.

On the contrary, the emergence of biometric smart cards in BFSI applications, the new trend of fingerprint sensors embedded in smartphones and the increasing adoption of fingerprint sensors in devices based on the IoT are expected to provide lucrative opportunities for the fingerprint sensor market. players between 2021 and 2026. In addition, the increasing use of facial recognition technology in payment, access and security and criminal identification applications poses challenges to the fingerprint sensor market.

Ultrasonic Fingerprint Sensors to See the Fastest Growth in the Years to Come
Ultrasonic fingerprint sensor segment is expected to register higher CAGR from 2021-2026, ultrasonic sensors read epidermal skin layer as well as dermal skin layer, capturing fine details. Therefore, these sensors can read wet fingers and fingers with broken skin or damaged skin.

Advances in detection technology are expected to accelerate the growth of the ultrasonic fingerprint sensor market. In terms of size, Capacitif is the leading technology in the fingerprint sensor market; this is mainly due to its low cost and high consumer acceptance.

Capacitive sensors can be very compact and used in mobile and portable devices. Biometric smart cards, vehicle scanners and smart locks are among the emerging applications of capacitive fingerprint sensors, which would provide more growth opportunities for the capacitive sensor market.

Consumer electronics end-use applications expected to hold the largest share in 2026
Consumer electronics application is expected to represent the largest size of the fingerprint sensor market in the coming years, mainly due to the increased demand for these sensors in consumer devices such as smartphones, tablets, laptops and notebooks. Consumer IoT devices are expected to provide opportunities to the market during the forecast period.
Banking and finance is expected to be the fastest growing application over the forecast period due to the increasing adoption of fingerprint sensors in smart cards used for payments. Several entities such as fingerprint sensor manufacturers, smart card manufacturers and card issuers across the value chain are taking initiatives to increase the adoption of biometric payment cards around the world.

Players include Fingerprint Cards, NEXT Biometrics, IDEX ASA, IDEMIA, Gemalto, Kona I, XH Smart, Goldpac, and issuers include AirPlus, Intesa Sanpaolo, Société GénéraleMACU and Banks in the Middle East. As of April 2019, the Royal Bank of Scotland (RBS) has started its biometric payment card trial with customers in Scotland.

The board is supplied by Gemalto and uses the T-shaped sensor module from Fingerprints.
APAC is attributed with the highest CAGR growth in the Fingerprint Sensor market during the forecast period (2021-2026)
APAC dominates the fingerprint sensor market primarily because consumer electronics is the key application for fingerprint sensors, and APAC is the primary market for consumer electronics. The key APAC countries are China, Japan, India and South Korea.

Major demand for fingerprint sensors is driven by OEMs based in China and South Korea. The main smartphone manufacturers in China are Huawei, Xiaomi, Oppo and Vivo, while Samsung, based in South Korea, is one of the leaders in the smartphone market, which is accelerating the growth of the fingerprint sensor market in APAC.

Other critical applications for which fingerprint sensors are adopted in APAC include banking and finance, government and law enforcement, and travel and immigration. Some of the major players in the fingerprint sensor market in APAC are Goodix (China), EGIS Technology (Taiwan), Q Technology (China), and CrucialTec (South Korea).

The breakdown of the main report participants is shown below:
• By type of business: level 1 – 45%, level 2 – 32% and level 3 – 23%
• By designation: C level executives – 30%, director level – 45% and others – 25%
• By region: North America – 26%, Europe – 40%, APAC – 22% and RoW – 12%
The fingerprint sensor market was dominated by Goodix (China), Fingerprint Cards AB (Sweden), Synaptics (United States), Apple Inc. (United States) and Egis Technology (Taiwan).

Research coverage:
This research report categorizes the fingerprint sensors market by technology, type, sensor technology, end-use application, and region. The report describes the major drivers, restraints, challenges and opportunities relating to the Fingerprint Sensors market and predicts the same till 2026.

Main advantages of purchasing the report

The report would assist leaders / new entrants in this market in the following ways:
1. This report exhaustively segments the Fingerprint Sensors market and provides the closest market size projection for all sub-segments in different regions.
2. The report helps stakeholders understand the market pulse and provides them with information on the key drivers, restraints, challenges and opportunities for market growth.
3. This report would help stakeholders to better understand their competitors and obtain more information to improve their position in the company. The competitive landscape section includes product launches and developments, collaborations, contracts and acquisitions.
4. This report would help to understand the pre and post-COVID-19 scenarios as to how fingerprint sensor penetration will look like for the forecast period. The regional segment includes the country impact analysis of COVID-19 and the initiatives taken to overcome these impacts.
Read the full report: https://www.reportlinker.com/p04006887/?utm_source=GNW

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