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Fingerprint Sensor Market Size to Surpass $12+ Billion by 2027 | CAGR 16.42%

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Fingerprint Sensor Market Size to Surpass $12+ Billion by 2027 | CAGR 16.42%

September 14
20:00 2022
Fingerprint Sensor Market Size to Surpass $12+ Billion by 2027 | CAGR 16.42%
Fingerprint Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global fingerprint sensor market reached a value of US$ 5.15 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2027, exhibiting at a CAGR of 16.42% during 2022-2027

According to the latest report by IMARC Group “Fingerprint Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global fingerprint sensor market reached a value of US$ 5.15 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2027, exhibiting at a CAGR of 16.42% during 2022-2027.

A fingerprint sensor represents a biometric security system that scans an individual’s fingerprints to authenticate his or her identity. In terms of technology, it is available in several types, including, capacitive, optical, thermal, etc. These fingerprint sensor variants capture high-contrast fingerprint images and convert them into digital codes, which are stored as fingerprint minutiae. They prove to be a fast, reliable, convenient, and cost-effective method of verifying identities and can be seamlessly installed into multiple devices. As a result, fingerprint sensor models find extensive applications across numerous sectors, such as government and law enforcement, healthcare, aerospace, defense and military, banking, financial services and insurance (BFSI), travel and immigration, consumer electronics, etc.

Covid-19 Impact Analysis:

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Fingerprint Sensor Market Trends:

The growing instances of security breaches in various industries and the elevating need for efficient authentication procedures to provide secure access control to varied facilities and IT systems are primarily driving the fingerprint sensor market. Apart from this, the escalating product adoption to digitize time and attendance systems in government and corporate organizations across countries is also positively influencing the global market. Furthermore, the increasing incorporation of these sensors in smartphones, wearables, and automobiles, owing to the emerging trend of automation, is acting as another significant growth-inducing factor. Besides this, the inflating investments in research and development (R&D) activities and the introduction of advanced products integrated with artificial intelligence (AI) by leading market players to improve the accuracy of the verification process and offer a personalized user experience are expected to propel the fingerprint sensor market over the forecasted period.

Global Fingerprint Sensor Market Report Coverage and Industry Segmentation:

The report cover the below key market segments:

Breakup by Type:

  • Area and Touch Sensors
  • Swipe Sensors

Breakup by Technology:

  • Capacitive
  • Optical
  • Thermal
  • Others

Breakup by Application:

  • Consumer Electronics
  • Government and Law Enforcement
  • Military, Defense and Aerospace
  • Travel and Immigration
  • Banking and Finance
  • Healthcare
  • Smart Homes
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Request for sample copy of this report: https://www.imarcgroup.com/fingerprint-sensor-market/requestsample

Competitive Landscape with Key Player:

  • 3M Cogent Inc 
  • Anviz Global Inc
  • Apple Inc
  • BIO-Key International Inc
  • Egis Technology Inc
  • Fingerprint Cards AB
  • IDEMIA (Advent International Corporation)
  • Idex Biometrics ASA
  • M2SYS Technology
  • Next Biometrics Group ASA
  • NEC Corporation
  • Qualcomm Technologies Inc
  • Shenzhen Goodix Technology Co. Ltd
  • Sonavation Inc
  • Synaptics Incorporated and Vkansee Technology Inc

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/fingerprint-sensor-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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