According to the latest report from the IMARC group, entitled “Fingerprint Sensors Market: Global Industry Trends, Size, Growth, Share, Opportunity and Forecast 2021-2026 â, the Fingerprint Sensor Market Size reached a value of US $ 3.7 billion in 2020 and expects the market to reach a value of US $ 8.50 billion by 2026, showing a CAGR of 14.64% in 2021- 2026.
A fingerprint sensor is part of biometrics system which is used to scan an individual’s fingerprints for authentication and authorization purposes. It captures high contrast fingerprint images using the piezoelectric or pyroelectric materials present in the sensors. The images are then converted into a digital code and compared to the existing biometric template stored in the database. Fingerprint scanners are extremely fast, reliable, and accurate, giving users easy access to emails, location data, personal contact details, and other crucial information. They are also affordable by nature and can be integrated seamlessly with various smart devices. Hence, they are widely used in many industrial sectors, such as healthcare, defense, consumer electronics and aerospace.
Like the novel coronavirus (COVID-19) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.
Global Fingerprint Sensors Market:
The market is primarily driven by the increasing use of single sign-on systems in many digital devices, such as smartphones and tablets. These systems use fingerprint sensors to help users log into their device with the touch of a finger, eliminating the need for PINs, patterns and passwords. The use of fingerprint sensors helps to minimize threats related to hacking, theft and misuse of sensitive data, which contributes to their widespread use. Apart from this, there has been a significant increase in the adoption of cloud computing in many industries, along with increasing incidences of security breaches. As a result, fingerprint sensors are widely used to provide secure access control and strengthen the authentication process in multiple organizations.
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Global Fingerprint Sensors Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major 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 on the basis of region, type, technology, and application.
Breakdown by type:
Zone and touch sensors
Breakthrough by technology:
Breakdown by application:
Government and Law Enforcement
Military, Defense and Aerospace
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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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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