According to a new market research report published by Global Insight Services “Fingerprint Sensor Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Fingerprint sensor is a device used to capture a fingerprint. The captured fingerprint is then compared to a database of known fingerprints to verify the identity of the person.
Fingerprint sensors are used in a variety of applications, including security, time and attendance, and point of sale. They are also used in mobile devices, such as smartphones and tablets, to unlock the device and make payments.
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Key Players
- Goodix
- Fingerprint Cards AB
- Synaptics
- Apple Inc.
- Egis Technology
Key Trends
Fingerprint sensor technology is constantly evolving and improving. The latest trends include:
Increased accuracy and reliability: Newer fingerprint sensor technologies are able to provide more accurate and reliable readings, making them more suitable for use in security-critical applications.
Higher resolutions: Higher resolutions allow for more detailed readings, which can be useful for identifying individuals or for forensic purposes.
Larger sensor arrays: Larger sensor arrays allow for more fingerprints to be scanned at once, which can be useful for large-scale applications such as border control or crowd management.
Key Drivers
The key drivers of the global fingerprint sensor market are the increasing adoption of biometrics in mobile devices and the government initiatives to promote the use of fingerprint-based authentication systems. The increasing adoption of fingerprint sensors in mobile devices can be attributed to the increasing need for security and authentication. Moreover, the government initiatives to promote the use of fingerprint-based authentication systems are also driving the growth of the fingerprint sensor market.
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Market Segments
By Type
- FAP 10
- FAP 20
- FAP 30
By End Use
- Banking & Finance
- Government & Law Enforcement
- Commercial
- Others
Reasons to buy Fingerprint Sensor Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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