The fingerprint biometrics is the most widely adopted technology in hand-held devices, mobile devices, and PCs specifically for authentication. This is mainly because of the ease of use and high user acceptance of this technology. The Asia Pacific fingerprint sensors market generated a revenue of $XX million in 2018 and is projected to reach $XX million by 2027, at a CAGR of 17.23% during the forecasting years of 2019-2027. The touchless sensing technology reduces discrepancies in the authentication process. Hence, they are being used in a number of sectors to provide safe and secure authorized access to confidential data.
The Asia Pacific market is expected to generate the highest revenue by the end of the forecast period. The regional market has been going through some rigorous growth in the past few years owing to the growth in the economy, increasing usage of biometric devices in various organizations and growing acceptance of new forms of technologies in the region. The countries in the Asia Pacific exhibit a rigorous structure of legislation and regulations, further propelling towards the extensive adoption of biometrics in a wide range of applications.
The economies of China, India, Japan, South Korea, Australia and the remaining countries collectively forming the Rest of APAC are the eminent influencer to the market growth in the region. Governments of few countries have started implementing the fingerprint biometrics in various aspects. For instance, in India, the government has taken new initiatives by introducing the “Aadhar Card” issued by Unique Identification Authority of India (UIDAI) for biometric attendance system in government organizations, which will increase employee productivity and operational efficiency.
The prominent market players that are profiled in details within the report are Next Biometrics, Fingerprint Cards AB, OT-Morpho (Safran Identity & Security), HID Global, Precise Biometrics, Aware Inc., Crossmatch Technologies, Innovatrics, Synaptics, Bio-Key International, NEC Corporation, Anviz Global, Gemalto NV, Fulcrum Biometrics, and M2SYS Technology.