1. Market Research
  2. > ICT
  3. > IT Hardware
  4. > Security Systems Market Trends
Fingerprint Sensor Market by Technology, Type, Application And Region-Global Forecast to 2024

Fingerprint Sensor Market by Technology, Type, Application And Region-Global Forecast to 2024

  • September 2019
  • 174 pages
  • ID: 4006887
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

Increasing adoption of fingerprint sensors in consumer devices to drive the growth of the fingerprint sensor market
The fingerprint sensor market size is projected to grow from USD 3.5 billion in 2019 to USD 7.1 billion by 2024, recording a CAGR of 15.3%. Extensive use of fingerprint sensors in consumer devices for biometric authentication, high adoption of biometrics by government bodies as part of enhanced security, and digitization in the time & attendance capturing are driving the growth of the fingerprint sensor industry. However, constraints such as threats pertaining to the biometric database in any organization may hinder the market growth.

Based on end-use applications, banking & finance is likely to be the fastest-growing application during 2019-2024
Players across the biometric smart card value chain are interested in increasing the adoption of biometric smart cards among users. For instance, Goldpac Group Ltd. (“Goldpac”), one of the five largest card integrators globally, and the only secure payment solution provider in China to hold simultaneous certifications by China UnionPay, VISA, MasterCard, American Express, JCB and Diners partnered with IDEX in January 2019, to launch dual-interface biometric smart cards for customers in the country. These developments expected to play an important role in the growth of the fingerprint sensor market for biometric smart cards for banking application during the forecast period.

APAC to record the highest growth rate in the fingerprint sensor market during the forecast period
APAC is likely to be the fastest-growing region for the fingerprint sensor market in the coming years.Leading players offering fingerprint sensors such as Goodix (China), Egis Technology (Taiwan), Q Technology (China), and CrucialTec (South Korea) are based out of APAC.

The factors contributing to the rising demand for fingerprint sensors in APAC include technological advancements in sensing technology, increasing awareness of the benefits of using fingerprint sensing technology among the masses, and cost-effectiveness of these sensors. Biometric identification technology is famous as a secure and reliable way to verify a person’s identity across the government and commercial sectors in Asia.
The growth of the smart home market is attributed to factors such as significantly growing IoT market, government support, increasing urbanization, and rising awareness regarding smart home technology in APAC.Rising adoption of smart locks in smart homes provides an opportunity for the fingerprint sensor market growth.

Also, new product developments for smart locks is another fueling factor for the growth of the fingerprint sensor market. For instance, in June 2019, Xiaomi launched MIJIA Smart Door Lock with a push-pull release.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the fingerprint sensor marketplace.
• By Company Type: Tier 1 - 25%, Tier 2 - 45%, and Tier 3 - 30%
• By Designation: C-Level Executives -35%, Directors - 30%, and Managers - 35%
• By Region: North America - 20%, Europe - 25%, APAC - 45%, and RoW - 10%

Major players in the fingerprint sensor industry include Shenzhen Goodix Technology Co., Ltd. (China), Fingerprint Cards AB (Sweden), Synaptics Incorporated (US), Apple Inc. (US), Egis Technology Inc. (Taiwan), CrucialTec (South Korea), NEXT Biometrics Group ASA (Norway), Novatek Microelectronics Corp. (Taiwan), Q Technology (Group) Company Limited (China), Qualcomm Technologies, Inc. (US), IDEX Biometrics ASA (Norway), CMOS Sensor Inc. (US), ELAN Microelectronics Corporation (Taiwan), FocalTech (China), id3 Technologies (France), IDEX Biometrics (Norway), Japan Display Inc. (Japan), OXi Technology (China), Sonavation Inc. (US), Touch Biometrix (UK), and Vkansee (US).

The study includes an in-depth competitive analysis of these key players in the fingerprint sensor market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The report defines, describes, and forecasts the fingerprint sensor market based on technology, type, end-use application, and geography.It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the fingerprint sensor market.

It also analyzes competitive developments such as collaborations, contracts, and product launches & advancements carried out by the key players to grow in the market.

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall fingerprint sensor market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Biometrics in Global Automotive Market, 2019

Biometrics in Global Automotive Market, 2019

  • $ 3000
  • January 2020

The global automotive biometrics market is witnessing high growth projections, due to the emerging use cases of the technologies in the field.Despite a slowdown in the automotive market, integration of ...

Global Biometrics Market, Forecast to 2024

Global Biometrics Market, Forecast to 2024

  • $ 4950
  • December 2019

The global biometrics market is at a high growth stage due to the ubiquity of dominant biometric modalities such as fingerprint and facial recognition. The deployment of biometrics is increasingly pervasive ...

Biometrics in Everyday Life

Biometrics in Everyday Life

  • $ 3950
  • October 2019

Report Includes:- An overview of the global market for biometrics and discussion of advantages in everyday life- Evaluation of biometrics application in customer onboarding, access control, border control ...


ref:plp2019

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on