According to Market Research Future analysis, the Global Fingerprint Sensor Market is anticipated to grow at 13.27% CAGR, witnessing substantial growth during the forecast period. The market accounted for USD 3,490.6 Million in 2019; it is evaluated to reach USD 8,006.6 Million by 2026. The growth of the global fingerprint sensor market is attributed to the rising use of biometric devices and the increasing trend of BYOD. Additionally, rapid technology advancements have created an opportunity for market growth. However, a lack of awareness about security and complexity in integrating devices with fingerprint sensors is expected to hamper the global fingerprint sensors market’s growth during the review period.
Global Fingerprint Sensor Market has been classified into Type, Technology, Application, and Region.
Based on type, the market has been segmented into area & touch sensors, and swipe sensors. The area & touch sensor segment is expected to bolster a CAGR of 12.8% during the study period owing to the larger market share of 68.5% in 2018, with a market value of USD 2,205.4 million. Besides, the swipe sensor segment accounted for USD 1,013.1 million; it is expected to register a higher CAGR of 14.3%.
In terms of technology, the market has been divided into capacitive, optical, thermal, and others. The capacitive segment was valued at USD 1,318.3 million with the largest market share of 41.0% in 2018. The segment is estimated to exhibit a CAGR of 13.0% during the forecast period.
Based on application type, the global market has been classified into consumer electronics, government & law enforcement, military, defense & aerospace, travel & immigration, BFSI, healthcare, smart homes, commercial, and others. The consumer electronics segment is anticipated to witness a notable CAGR of 14.8% during the review period owing to the largest market share of 33.0% in 2018, with a market value of USD 1,062.2 million.
Geographically, the Global Fingerprint Sensor Market has been categorized into five major regions namely North America, Europe, Asia-Pacific, Middle East, and Africa, and Central & South America.
Asia-Pacific was valued at the largest market value of USD 1,663.4 million in 2019 and with the highest CAGR of 15.42%. North America is anticipated to register as the second-largest market owing to the highest market value of USD 772.8 million in 2018; the market is anticipated to exhibit a CAGR of 9.0%. The regional market is classified into the US, Canada, and Mexico. The regional market is attributed to the well-developed infrastructure and, therefore, can easily adopt technological advancements. Furthermore, the influx of IoT and connected technologies are expected to fuel the growth of the fingerprint sensors market in North America.
The Prominent Players of the Global Fingerprint Sensor Market are NEC Corporation (Japan), IDEMIA (France), HID Global Corporation (US), Thales Group (France), Apple Inc. (US), Qualcomm Technologies Inc. (US), Synaptics Incorporated (US), Fingerprint Cards AB (Sweden), Shenzhen Goodix Technology Co., Ltd. (China), and IDEX Biometrics ASA (Norway) among others.
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