Data Bridge Market Research analyses that the Fingerprint Sensor Market which was USD 4,053.00 million in 2022, is expected to reach USD 13,258.42 million by 2030, and is expected to undergo a CAGR of 16.2% during the forecast period 2023 to 2030. This indicates the market value. “Swipe Sensors” dominates the component segment of the global fingerprint sensor market due to growing consumer electronics, travel and immigration, is directly influencing the growth rate of the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Fingerprint sensors are increasingly being used for a range of purposes owing to the improved security quotient offered by them. Rising number of small and medium scale end-users are increasingly understanding the importance of fingerprint sensors. Rising urbanization, modernization, and globalization drive market value growth.
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Global Fingerprint Sensor Market Drivers
- Growth in Investment for Research and Development to Carve Way for Innovations
The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated technology/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations in manufacturing technology.
- Increased Proliferation of Electronics Globally to Induce Greater Demand and Supply in Emerging Nations
Growing proliferation and penetration of consumer electronics is one of the major factors fostering the growth of the market. In other words, increased demand and availability of smartphones, tablets, laptops, televisions kiosks and large interactive screens is directly influencing the growth rate of the market.
Market Players Covered
Goodix (China), Fingerprint Cards AB (Sweden), Synaptics (U.S.), Apple Inc. (U.S.), Egis Technology (Taiwan), Crucialtec (South Korea), Next Biometrics (Norway), Novatek Microelectronics (Taiwan), Qualcomm Technologies , Inc. (U.S.), Q Technology (China)., CMOS Sensor Inc. (U.S.), ELAN Microelectonics (Taiwan), Focaltech (China), ID3 Technologies (France), IDEX Biometrics (Norway), Japan Display Inc. (Japan), OXI Technology (China), Sonavation Inc. (U.S.), Touch Biometrix (U.K.) and Vkansee (U.S.)
Recent Developments
- In February 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. With this technology, users can wave their hands in an easy and quick gesture to have their four fingerprints 3D-scanned and confirmed in a time of just one second
- In March 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to establish biometric cards in Poland. Under this partnership, the bank started launching the cards to its customers to deliver improved security and support distanced transactions. In addition, Thales is responsible for designing and developing the fingerprint-enabled card, packaging, and also distribution of the same
Read Detailed Index of full Research Study @ https://www.databridgemarketresearch.com/reports/global-fingerprint-sensor-market
Global Fingerprint Sensor Market Scope
Type
- Swipe Sensors
- Materials Used in Fingerprint Sensors
- Area and Touch Sensors
Technology
- Capacitive
- Optical
- Thermal
- Others
Application
- Consumer Electronics
- Travel and Immigration
- Government and Law Enforcement
- Military
- Defense and Aerospace
- Banking and Finance
- Banking and Finance
- Commercial Security
- Healthcare
- Smart Homes
- Other Applications
Global Fingerprint Sensor Market Region Analysis/Insights
The countries covered in the fingerprint sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
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