LONDON, 23 Feb. 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the fingerprint sensor market, technological advancement is a key trend gaining popularity. Major companies operating in the fingerprint sensor industry are focusing on developing new technological solutions to meet consumer demand and strengthen their position.
For example, in February 2019, Fingerprint Cards, a Sweden-based biometrics company, launched its first optical fingerprint sensor, FPC1610, based on optical technology. This sensor would be placed inside the screen of the smartphone. The new FPC1610 sensor has better image quality, which leads to improved biometric functionality, and it has a very thin form factor, which allows it to be placed between the battery and the screen.
Demand for a sample of the world fingerprint sensor market report
The global fingerprint sensor market is expected to grow from $4.03 billion in 2021 to $4.85 billion in 2022 at a compound annual growth rate (CAGR) of 20.3%. The market growth is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing , remote working and closing business activities. which resulted in operational difficulties. The Global Fingerprint Scanner Market Size is Expected to Reach $9.18 billion in 2026 at CAGR of 17.3%.
The fingerprint sensor market analysis indicates that the high adoption of biometrics by governments is contributing significantly to the growth of the market. In offices, fingerprint sensors are crucial for biometric identification and attendance monitoring. Governments around the world are now adopting fingerprint sensors in their use. For example, according to Biometric Update, a US-based online source that provides information on the global biometrics industry, in October 2019, police units across the UK adopted mobile fingerprint scanners at use on the street. This will help the police to retrieve the identity of the suspect within 60 seconds if the fingerprint matches the fingerprints that are already in the police databases. The INK Biometrics mobile biometric solution will be used with the crossmatch fingerprint detection device.
The major players in the fingerprint sensor market are Cogent Systems Inc., Anviz Global, Apple Inc., Egis Technology Inc., Fingerprint Cards, Shenzhen Goodix Technology Co. Ltd., Idex Biometrics ASA, NEC Corporation, NEXT Biometrics Group ASA, Qualcomm Technologies. Inc., Synaptics Incorporated, BIO-key International, Crucialtec, Hid Global Corporation, M2SYS Technology, Novatek Microelectronics, and Secugen Corporation.
The global fingerprint sensors market is segmented by Type into area and touch sensors, swipe sensors; by capacitive, optical, thermal, ultrasonic technology; by 2D, 3D sensor technology; by application in consumer electronics, government and law enforcement, military, defense and aerospace, travel and immigration, banking and finance, commerce, healthcare, smart homes, etc.
Asia Pacific represented the the biggest Global Fingerprint Sensors Market Share in 2021. Regions covered in the Fingerprint Sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
Global Fingerprint Sensors Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Fingerprint Sensors market , analyze the Fingerprint Sensors Market and forecast the market size and growth for the overall market, Fingerprint Sensors Market segments and geographies, Fingerprint Sensors Market trends, drivers of the Fingerprint Sensors Market, Fingerprint Sensors Market Constraints, Revenues, Profiles and Market Shares of Top Fingerprint Sensors Market Competitors in 1000+ Industry Reports Covering 2500+ market segments and 60 geographies. The report also gives an in-depth analysis of the impact of COVID-19 on the market.
The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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