Global Fingerprint Sensor Market Revenue To Surpass


Westford, USA, Oct. 19, 2022 (GLOBE NEWSWIRE) — Initially, fingerprint sensors were only used by some high-end users. However, with the growing popularity of mobile devices and the increase in hacking attempts, businesses and individuals have begun to adopt this technology more widely. Not only is it more secure than traditional passwords, but it also saves you from having to remember multiple digits! This growth of the world fingerprint sensor market is attributed to the growing demand for secure identification and authentication of individuals as well as the increased adoption of mobile payment platforms.

Today, fingerprint sensors are becoming an increasingly common way for users to authenticate themselves online and in physical stores. They are used in a variety of applications such as unlocking cell phones, logging into computers, and verifying the identity of customers in financial transactions. Fingerprint recognition has proven to be more accurate than other forms of authentication, such as passwords or PIN codes.

Over the past three years, the global fingerprint sensor market has started to witness a huge influx of demand from smartphone manufacturers. In fact, they have become the biggest users of fingerprint sensor technology. They use it to secure user data and to ensure that only authorized users can access their accounts. Laptop manufacturers also use fingerprint sensors to protect user data. Apart from that, car manufacturers are starting to use them to control car functions and allow drivers to authenticate themselves before starting the engine.

The global fingerprint sensor market will become even more competitive as companies develop new, more secure technologies. For example, Apple has led the way in the development of innovative fingerprint sensor technology. In addition to offering its own advanced sensors, Apple also licenses its technology to other smartphone manufacturers.

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SkyQuest’s analysis of the global fingerprint sensor market

The demand for fingerprint sensors is growing exponentially as enterprises adopt them for a variety of use cases including authentication, access control, and malware detection. According to research by SkyQuest, there will be a 33% growth in the use of fingerprint sensors in enterprise BYOD deployments between 2021 and 2025. As such, the demand for the fingerprint sensor market fingerprinting is set to grow significantly over the next few years.

In terms of offerings, there are currently two dominant fingerprint sensor technology vendors: Synaptics and Samsung. However, SkyQuest analysts note that not all vendors are able to create durable sensors that can handle high-volume production. Additionally, as competition intensifies between vendors and users looking for more secure biometric authentication options, prices are expected to come down over the next few years.

The Global Fingerprint Sensors Market study revealed that while only around 41% of users currently use fingerprints to access their smartphones, this figure could rise to over 65% by 2030, as users will become familiar with biometric authentication. Additionally, we found that the number of companies requiring mandatory fingerprint scanning will also increase over the same period, with approximately 44% of companies surveyed expecting such a requirement within the next two years.

In the first quarter of 2022, SkyQuest predicted that the number of active devices with biometric authentication will reach 332 million units in 2021. This growth can be attributed to the popularity of smartphones using biometric authentication.

We surveyed several companies in the global fingerprint sensor market engaged in the manufacture of fingerprint sensors to understand their needs and found that most of the companies are looking for an adhesive (terrestrial) fingerprint sensor with good sunlight readability and low noise level. They also require fast sensor speed and low power consumption. There is currently a lack of flagship phones supporting these features, so there is further growth potential for the fingerprint sensor market through device integration by phone manufacturers over the next three years. .

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Preference shift to biometric authentication boosts demand for fingerprint sensors

As the world becomes increasingly digitized, we are beginning to see a shift in preferences towards biometric authentication – specifically, fingerprint scanning. This is driving the demand for fingerprint sensors as businesses and consumers seek to protect their information and identity with more reliable means.

Using biometric authentication has many advantages over traditional password methods. On the one hand, passwords can be easily forgotten or stolen, which is particularly problematic when dealing with sensitive information such as account numbers or passwords for online banking accounts. Biometric authentication techniques in the fingerprint sensor market, on the other hand, are difficult (but not impossible) to tamper with. And since they are unique to each individual, they are also more difficult for hackers to use against you without your consent or knowledge.

One of the most common uses of fingerprint scanning is on mobile devices such as smartphones and tablets. Since most people tend to keep their devices handy – and usually don’t need to type in a password every time they want to access them – fingerprints make perfect sense as a form authentication. And because there’s no need for software installation or any type of registration process, fingerprint scanning is quick and easy once users get used to it.

Overall, fingerprints are quickly becoming the preferred method of biometric authentication as they offer many advantages over traditional password methods. As more businesses and individuals start using them, the demand for fingerprint sensors will only grow.

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Synaptics to Enjoy Higher Market Share in Global Fingerprint Sensor Market

Synpatics Inc. is a leading provider of biometric detection solutions. The Company’s sensor technology focuses on mounting and integrating fingerprint sensors into mobile devices and other electronic devices. SkyQuest released an analysis report on the global fingerprint sensor market, indicating that the company has a good chance to become one of the leading fingerprint sensor vendors in the global market.

According to our study, Synpatis fingerprint sensor technology is compatible with Android and iOS operating systems. This makes the company’s sensors more versatile and attractive than those of its competitors. Additionally, Synpatics’ sensor technology supports fingerprint reading in both radial and oblique directions, giving device manufacturers more flexibility when designing their products.

The global fingerprint sensor market report also indicates that Synpatics’ Fingerprint Signal Processor (FSP) is one of the most advanced implementations of fingerprint recognition currently available in the market. Additionally, Skyquest believes that this feature will give Synpatis an edge over its competitors in terms of accuracy and speed. In addition, Synpatis has worked to increase the battery life of the device through the optimization of its sensor algorithms. This could lead to increased adoption by device manufacturers looking for ways to reduce resource usage on their platforms.

The report finds that Synpatis has been able to leverage its market leadership position to develop innovative products with high added value for customers. The company’s omnidirectional printing technology is particularly key in this regard, as it enables low-cost production of large, precise and highly wear-resistant prints. Additionally, Synpatics offers “stress relief” features such as vibration protection and long battery life, which makes its products more user-friendly.

Key Players of the Global Fingerprint Sensors Market

  • Shenzhen Goodix (China)
  • Fingerprint Cards AB (Sweden)
  • Synaptics (US)
  • Apple Inc. (USA)
  • Egis Technology Inc. (Taiwan)
  • Crucialtec (South Korea)
  • Next Biometrics (Norway)
  • Novatek Microelectronics (Taiwan)
  • Qualcomm (US)
  • Q Technology Company Ltd. (China)
  • CMOS Sensor Inc. (USA)
  • Elan Microelectronics Corporation (Taiwan)
  • Focaltech Sys (Taiwan)
  • ID3 Technologies (France)
  • IDEX Biometrics ASA (Norway)
  • Japan Display Inc. (Japan)
  • OXI technology (China)
  • Sonavation Inc. (USA)
  • Touch Biometrix Ltd. (UK)
  • Vkansee (USA)

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