According to the latest report by IMARC Group, titled “Fingerprint Sensor Market: Global Industry Trends, Size, Growth, Share, Opportunity and Forecast 2021-2026”, the Fingerprint Sensor Market by 5, US$15 billion in 2021. Looking to the future, IMARC Group expects the market to reach US$12.4 billion by 2027, growing at a CAGR of 16.42% during the period 2022-2027.
A fingerprint sensor is a biometric security system that scans the fingerprint and provides authentication and authorization to an individual. It is fast, convenient, reliable, economical and can be integrated seamlessly into different devices. As a result, it is employed in the electronics, government and law enforcement, aerospace, healthcare, defense and military, travel and immigration industries. , and banking, financial services and insurance (BFSI) worldwide.
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Global fingerprint sensor market:
The market is mainly driven by the increase in the instances of security breaches in various industries across the globe. Moreover, there is an increase in the integration of fingerprint sensors in smartphones, tablets and laptops. This, along with their widespread adoption in digitizing time and attendance systems in businesses and government organizations, is bolstering the growth of the market. Additionally, various manufacturers are integrating advanced technologies, such as artificial intelligence (AI), to improve the accuracy of the authentication process and provide a personalized user experience. These innovations are expected to propel the growth of the market.
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2022-2027 Global Fingerprint Sensors Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
3M Cogent Inc., Anviz Global Inc., Apple Inc., BIO-Key International Inc., Egis Technology Inc, Fingerprint Cards AB, IDEMIA (Advent International Corporation), Idex Biometrics ASA, M2SYS Technology, Next Biometrics Group ASA, NEC Corporation , Qualcomm Technologies Inc., Shenzhen Goodix Technology Co. Ltd., Sonavation Inc., Synaptics Incorporated, and Vkansee Technology Inc.
The report has segmented the market based on region, type, technology, and application.
Breakdown by type:
Area and touch sensors
Breakdown by technology:
Breakdown by application:
Government and law enforcement
Military, Defense and Aeronautics
travel and immigration
Banking and finance
Breakdown by region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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