Fingerprint Sensors Market
The global fingerprint sensors market has been witnessing significant growth in recent years. Fingerprint sensors work by scanning and recognizing the fingerprints of users to provide secure access to devices and applications. They are being widely adopted across smart devices such as smartphones, laptops, and smart TVs owing to their convenience as a biometric identification method. Factors such as growing digitization, increasing demand for robust security features in consumer electronics and IoT devices, and the need for contactless biometrics amid the COVID-19 pandemic are driving the demand for fingerprint sensors globally.
Market Dynamics:
The global fingerprint sensors market is driven by the growing adoption of biometrics for authentication across various end-use industries. The demand for contactless and hassle-free identification solutions is surging due to the COVID-19 pandemic, benefitting the market growth. However, high production costs and complexity compared to other biometric technologies restrain the market growth. Meanwhile, the emerging areas of application, such as payment security, IoT access control, and automotive sector, present lucrative opportunities. Advancements in fingerprint sensor technologies towards smaller sizes, lower power consumption, and higher accuracy will further aid the market expansion over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global fingerprint sensors market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global fingerprint sensors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Apple Inc., CrucialTec, Egis Technology Inc., Fingerprint Cards AB, Goodix Technology, IDEX Biometrics, Invixium, M2SYS Technology, NEXT Biometrics, Novatek Microelectronics Corp., Qualcomm Technologies, Inc., Synaptics Incorporated, Touch Biometrix, Vicharak, and VKANSEE
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global fingerprint sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fingerprint sensors market
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on 'Global Fingerprint Sensors Market' - Global forecast to 2031
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