Key Findings
Fingerprint recognition is one of the most popular biometrics technology which is used to identify individuals and verify their identity. They work by identifying the pattern of ridges on fingertips. This is the oldest biometric technology used for identification.
The Europe fingerprint sensors market is expected to progress at a rate of 13.84% to reach $XX billion by 2027, during the forecast period. The base year considered for the market study is 2018 & the estimated period is between 2019 & 2027.
Market Insights
In terms of revenue, Europe accounted for a significantly large market share in 2018. The main countries contributing to the revenue growth of the market are the United Kingdom, Germany, France, Italy, Spain, Russia, and the remaining countries collectively forming the Rest of Europe regional segment. Germany has one of the largest economies in the world, and the country is growing gradually in fingerprint sensor technology. The terrorist attacks from the last decade in the country have highlighted the need for increased security and safety on the streets of Germany. A major upgrade of the security is already underway in the country and it acts as a driving factor for the fingerprint sensor market.
Competitive Insights
The majority of the companies operating in the market that have been profiled in the report are Precise Biometrics, Crossmatch Technologies, M2SYS Technology, Bio-Key International, HID Global, Aware Inc., Synaptics, OT-Morpho (Safran Identity & Security), Innovatrics, Fulcrum Biometrics, Next Biometrics, NEC Corporation, Gemalto NV, Fingerprint Cards AB, and Anviz Global.