Finger Print Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Finger Print Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • November 2035
  • Printed Electronics
  • 0 pages

Report Description

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The finger print scanner is used to authenticate and provide authorization to the individual. It captures the biological features in the live scan of the finger prints and compares it with the existing biometrical identity stored in the database. It provides fast, reliable and easy access to personal common details, mails, location, payment information and other form of encrypted data. These authentication systems are commonly used for commercial identification and securities. The finger print sensors are also used for keeping records of attendance and its management through biometrics and the portals.

Growing need for simplified, easy and secure user access to data & other services coupled with increasing demand for biometric authorization and authentication will fuel the finger print sensors market over the forecast period. Demand shift for security checks by biometrics in government and corporate organizations is also one of the prominent factors driving the finger print sensors market over coming years. Rapid implementation of fingerprint based authentication system across numerous applications especially in government and military & defense is anticipated to fuel the industry demand.

Increasing adoption of finger print sensors in consumer electronics such as tablets, smart phones and laptops is expected to drive the finger print sensors market. Internet of Things (IoT) will be the emerging technological trend with considerable revenue potential over the forecast timeframe. As IoT is still in its infancy, the sensing devices will occupy considerable physical layer of IoT architecture thereby providing the required connectivity for digital and physical worlds.

Technical problems related to conditional physical disability and false rejections are expected to hinder the market over the forecast timeline. Touch less biometric modalities are expected to challenge the finger print sensors adoption. The finger print sensors are being coupled with other biometric modalities for multi-factor authentication providing further opportunities for the market over the forecast period.

Fingerprint sensing is one of the most widely deployed sensing types amongst the most biometric modalities owing to its lower costs. Rapid urbanization is also one of the macroeconomic key trend supporting the industry demand as it has become an important aspect in order to provide enhanced security, safety and convenience. Growing smartphone demand in last 3 years is a prime example backing the industry trend. For instance, Apple’s introduction of finger print sensors in its iPhone has resulted in enhanced consumer confidence about using biometrics in the mobile phones.

Growing urbanization has increased the threat of fraudulent activities. Web App attacks and Point of Sale (PoS) intrusions are the top fraudulent activities amongst others, according to Verizon Breach Report 2016. Current smartphones are having capabilities of user identification, are used mainly for e-commerce and banking applications where security is of high importance. For instance, in 2014, Samsung in collaboration with PayPal has introduced a new biometric feature which allows its smartphones to use fingerprint authentication for mobile payments with PayPal merchants. Currently, this feature has adopted by other merchants and manufacturers in order to sustain in the industry competition as customers globally get accustomed to use fingerprint sensors.

Retailing applications has increasingly migrated from the in-shop purchase to the e-commerce models using mobile devices and web. Increasing greater level of convenience combined with robust security are full filling customers’ demand in the retail industry. E-commerce channels are already prevalent in Europe & the U.S. and are gaining prominence in emerging economies. Future retail channel strategies will involve internet retail, mobile apps, virtual stores and interactive kiosks.

The finger print sensors market can be segmented by application into military & defense, government, banking & finance, and mobile devices. By technology the industry can be segmented into thermal, capacitive and optical. Atmel Corporation, Fujitsu Ltd., Fingerprint Cards, Synaptics Inc., 3M Congent Inc., and Egis Technology Inc. are some of the prominent industry participants in the finger print sensors market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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