Fingerprint Sensor Market Expected to Reach $9.41 Billion
By 2027
“The fingerprint sensor market size is expected to witness considerable growth, owing to rise in adoption
of automation and wireless connectivity in the industry. The fingerprint sensor industry is projected to
witness significant growth, especially in emerging economies such as Asia-Pacific and LAMEA, owing to
development of smart technologies in these regions”
According to Divyansahi Tewari,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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By type, the FAP 10 segment generated the highest revenue in the fingerprint sensor market
forecast in 2019.
By end use, the government & law enforcement segment generated the highest revenue in the
fingerprint sensor market analysis in 2019.
By region, the Asia-Pacific segment generated the highest revenue in the fingerprint sensor
market forecast in 2019.
Major key players profiled cover in Report:
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Hid Global Corporation
3m Cogent Inc
Secugen Corporation
Precise Biometrics
Synaptics Incorporated
Thales and many more.
Market dynamics
Drivers
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Extensive use of fingerprint sensors for biometric authentication in consumer electronics)
Rise in adoption of biometric authentication in government buildings
Growth in in number of identity threats and emergence of touch less fingerprint technologies
Restraints
• Emerging trends toward IoT based biometric technology
• Rise in adoption of in-display fingerprint sensors in smartphones
Opportunities
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Emerging trends toward IoT based biometric technology
Rise in adoption of in-display fingerprint sensors in smartphones
⦁ Report Overview:
https://www.alliedmarketresearch.com/fingerprint-sensor-market-A06284
Analyst Review:
The global fingerprint sensors market is highly competitive, owing to strong presence of existing vendors.
Fingerprint sensors technology vendors, who have access to extensive technical and financial resources,
are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the
market requirements. The competitive environment in this market is expected to further intensify with
increase in technological innovations, product extensions, and different strategies adopted by key
vendors.
Fingerprint sensor market is expected to witness a significant growth with increase in adoption from
various industries to improve operations efficiency and government safety regulations across different
geographical regions. Technological advancements have augmented the overall industrial development
within a wide range of industries. Consumer electronics, government, and commercial are some of the
leading sectors, which use fingerprint sensors techniques to ascertain safety and security and gain
operations efficiency.
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