Market Research Report
Fingerprint Sensor Market By Type (FAP 10, FAP 20, and FAP 30), and End Use (Banking & Finance, Government & Law Enforcement, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
|Published by||Allied Market Research||Product code||1000316|
|Published||Content info||212 Pages
Delivery time: 2-3 business days
|Fingerprint Sensor Market By Type (FAP 10, FAP 20, and FAP 30), and End Use (Banking & Finance, Government & Law Enforcement, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027|
|Published: February 22, 2021||Content info: 212 Pages||
The global fingerprint sensor market was valued at $2.93 billion in 2019, and is projected to reach $9.41 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027. Fingerprint scanners are a type of biometric system, which use stored information about a person's unique fingerprint traits for authentication purposes to provide access to a system. These scanners are widely used across various end-user segments including consumer electronics, commercial, health care, and defense. Significant adoption of fingerprint scanners in cloud computing along with their extensive use in smartphones is expected to boost their demand in the next few years. In addition, fingerprint sensors have significant applications in online payment transactions and smartphone applications.
The scope of the report discusses potential opportunities for key players to enter the fingerprint sensor market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features strategies adopted by key market players to maintain their foothold in the market.
The fingerprint sensor market size is segmented on the basis of type, end use, and region. By type, it is divided into FAP 10, FAP 20, and FAP 30. By end use, it is categorized into banking & finance, government & law enforcement, commercial and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA along with its prominent countries.
The key players profiled in the fingerprint sensor industry include Thales Group, IDEMIA, Apple Inc., Synaptics Incorporated, Egis Technology Inc., 3M Congent Inc., Crossmatch, SecuGen Corporation, HID Global Corporation and Precise Biometrics. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
By End Use