Fingerprint Sensor Market 2020 – Growth Driver, Opportunity, Rising Trends and Revenue Analysis

The consumer electronics industry will significantly contribute to the growth of the fingerprint sensor market. The demand for consumer electronics products has significantly increased in recent years. According to the Consumer Technology Association, smartphones are owned in 87 percent of the U.S. homes. Many of the smartphone manufacturers have been implementing these components even in entry-level phones. The reducing prices of smartphones, high market competition, and the demand for features have resulted in the implementation of these sensors by well-known brands such as Xiaomi, Coolpad in smartphones priced as low as USD 100.

Fingerprint Sensor Market By Technology
• Capacitive Sensors
• Optical Sensors
• Ultrasonic Sensors

Fingerprint Sensor Industry By Type
• Swipe Sensors
• Static Sensors
• By Applications

Fingerprint Sensor Market Consumer Electronics

• Banking and Finance
• Government
• Commercial
• Other

Optical, capacitive, and ultrasonic scanners are some of the majorly used technologies. The capacitive sensors are more secure and are expected to contribute to a major part in the fingerprint sensor market as many smartphones and other electronic devices are implementing these scanners. These sensors use tiny capacitors to collect the fingerprint data, tracking the details of fingerprints using the electric charge stored by capacitors and storing & analyzing unique & distinctive fingerprint attributes. Moreover, these scanners are hard to be manipulated using prosthetics as the data from the scanner is difficult to be replicated.

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Asia Pacific is expected to be the dominant region in the fingerprint sensor market owing to the large electronics manufacturing industry and the demand for smartphones and other devices. Asia Pacific has been one of the largest contributors to the growth of mobile phone subscribers in recent years. According to the GSM Association, there were around 2.7 billion unique mobile subscribers in Asia Pacific till the end of 2017, accounting for two-thirds of the region’s population. Moreover, half of mobile subscribers in the world are from Asia Pacific, particularly from India and China. The mobile technologies and services contributed to USD 1.5 trillion in the region’s economy and are expected to reach 1.8 trillion till 2022.

Synaptics Inc., Goodix, Apple Inc., Fingerprint Cards, Idemia, Anviz Global, Egis Technology, Next Biometrics, Gemalto, IDEX ASA, Next Biometrics, 3M Cogent Inc., Dermalog Identification System, Crossmatch, NEC Corporation, Suprema Inc., Silead Inc., Cyber-SIGN, Ekey Biometric Systems, and IrScan are some of the key players in the fingerprint sensor market.

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