According to the most recent analysis by Emergent Research, the worldwide fingerprint sensor market had a value of USD 3.53 billion in 2021 and is anticipated to grow at a rate of 10.8% during the projected period. Rising demand in the banking and financial sector and the introduction of novel goods such as handguns with fingerprint sensors are factors anticipated to promote market revenue growth between 2021 and 2030. Additionally, the market’s revenue growth is being fueled by the growing use of fingerprint sensors in debit and credit cards.
Additionally, increasing market expansion prospects are being brought about by rising research expenditures for the creation of sophisticated fingerprint sensors. For instance, to strengthen its position in fingerprint biometric cards, Linxens spent roughly USD 5.27 million on May 11, 2022, in a biometric sensor workshop in Mantes-la-Jolie, France. Additionally, this investment will boost fingerprint sensor production, resulting in competitive products and quick advancement.
A fingerprint sensor is a detecting tool that reads a person’s fingerprint to confirm their identification. It provides quick, dependable, and simple access to one’s location, information, and personal contact information. The use of the fingerprint sensor is expanding in smart devices as it enhances security and does away with the need for PIN codes, patterns, and passwords.
Sample Reports can be obtained at Fingerprint Sensor
The Report’s Important Highlights
In 2021, the optical segment’s revenue share remained consistent. An imaging sensor captures a 2D image of a fingerprint and uses algorithms to recognize particular fingerprint patterns. Under-screen optical sensors are built-in, less expensive to develop, simple to use, and provide excellent precision and long-term stability.
The home security market is anticipated to grow quickly in terms of revenue CAGR. This is a result of home security systems’ growing acceptance of global organizational safety standards. To increase the safety of their homes, these have prompted homeowners to install biometric equipment. Natural physical characteristics that are impossible to copy or steal are used as biometric passwords. When attempts to duplicate credentials are found, biometrics systems can give real-time warnings.
In 2021, the market in North America accounted for the biggest revenue share. This is because governments in the region are taking more steps to integrate fingerprint identification technologies with public safety, which is also fueling market revenue growth. For instance, the Canadian government and Royal Canadian Mounted Police (RCMP) took action to increase public safety measures on May 9, 2019.
The newest generation of MorphoWave contactless fingerprint terminals, which have a 20% performance boost over the previous generation, was introduced on May 1, 2022, by IDEMIA, a global leader in augmented identity. It supports installations with up to 100,000 user records and 60 users per minute.
Apple Inc., Shenzhen Goodix Technology Co., Ltd., Fingerprint Cards AB, Qualcomm Technologies, Inc., TDK Corporation, EGiS Technologies, Inc., Synaptics Incorporated, Next Biometrics, Thales, IDEMIA, Precise Biometrics, id3 Technologies, and IDEX Biometrics ASA are a few notable companies mentioned in the global market report.
Emergen Research has segmented the global fingerprint sensor market based on type, application, end-user, and region:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Home Security
- Attendance Systems
- End-use Outlook (Revenue, USD Billion; 2019–2030)
- Consumer Electronics
- Government and Law Enforcement
- Banking & Finance
- Smart Buildings
- Travel & Immigration
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- the UK
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- North America
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