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.
New York, March 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Fingerprint Sensor Global Market Report 2022” – https://www.reportlinker.com/p06244984/?utm_source=GNW
Synaptics Incorporated, BIO-key International, Crucialtec, Hid Global Corporation, M2SYS Technology, Novatek Microelectronics, and Secugen Corporation.
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 growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $9.18 billion in 2026 with a CAGR of 17.3%.
The fingerprint sensor market includes sales of fingerprint sensors by entities (organizations, sole proprietorships, and partnerships) that are used in authentication processes. Fingerprint sensor is a type of sensor used in a fingerprint sensing device to detect fingerprints for biometric authentication. to grant the user access to certain information or input/output.
They are mainly used for their accuracy, better performance and robustness based on proprietary biometric fingerprint technology.
The major types in the fingerprint sensor market are area and touch sensors and swipe sensors. Area and touch sensors capture and save the image of the finger that is placed over the sensor.
The different technologies include capacitive, optical, thermal and ultrasonic and involve various sensor technologies such as 2D and 3D technology. These are used in various applications such as consumer electronics, government and law enforcement, military, defense and aerospace, travel and immigration, banking and finance, commerce, healthcare, smart homes and others.
Asia-Pacific was the largest region in the Fingerprint Sensor Market in 2021. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, America North, South America, the Middle East and Africa.
The high adoption of biometrics by governments is contributing significantly to the growth of the fingerprint sensor 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. scanners for use on the streets.
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 a cross-fingerprint detection device.
Hence, the high adoption of biometrics by governments is expected to propel the growth of the fingerprint sensor market in the future.
Technological advancement is a key trend gaining popularity in the fingerprint sensor market. 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 FPC1610 optical fingerprint sensor 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 slim form factor, which allows it to be placed between the battery and the display.
In June 2019, Gemalto Inc., a US-based technology solutions company, acquired Green Bit for an undisclosed amount. The acquisition would strengthen and accelerate Gemalto’s biometric capture capabilities. It would also use Green Bit’s biometric scanners to create complete automated fingerprint identification systems. Green Bit is an Italy-based biometric systems developer specializing in fingerprint recognition for identification, recognition and security.
The countries covered in the Fingerprint Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06244984/?utm_source=GNW
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