According to the new market research report, "Fingerprint Sensors Market by Type (Swipe And Area), Material (Optical Prism, Pizeoelectric, Capacitive, and Adhesives), Application (Mobile Devices, Government, Defense, Healthcare, Commercial Security and Banking & Finance), and Geography - Global Trends & Forecasts to 2014 - 2020", published by MarketsandMarkets, the global Fingerprint Sensors Market is projected to cross $14.35 Billion by 2020, growing at a high CAGR of 16.8% from 2014 to 2020.
Browse more than 78 market data Tables and 95 Figures spread through 350 Pages and in-depth TOC on "Fingerprint Sensors Market".
Today, using biometrics for authentication purpose provides greater convenience and reliability. Fingerprint sensors are the leading biometric technology in consumer electronics, equipped with secured authentication system. In recent times, smartphones, tablets, and PDAs are becoming the most indispensable gadget of our everyday lives. Fingerprint sensors enable fast, secure, and reliable access to smartphoneas lots of personal information like contacts, payment details, texts, location data, and mails are stored in some kind of encrypted form on the phone.
The demand of fingerprint sensors is growing immensely with an increasing acceptance of smartphones and tablets. Though the fingerprint technology already has a greater share in commercial security, but soon, this scenario is going to change with the introduction of the fingerprint technology in the mobile devices market. The major technologies which are used in the designing are complementary metal oxide semiconductor fingerprint imaging technology, optical technology, and capacitive technology, all of which are mainly used in optical, capacitance, thermal, and ultrasound fingerprint sensors.
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This report is based on the extensive research study on the world market and aims at identifying the entire market and all its sub-segments through extensively detailed classifications, in terms of both - revenue and unit shipments.This report is focused on giving a bird’s eye-view of theindustry with regards to the global sensors in the finger print sensor market with qualitative analysis at each and every aspect of the classifications done by type of sensors, material used, application, and geography.
The key trends which have emerged in the market are the increasing size of fingerprint sensors, resulting in their increasing use in a wide range of mobile devices; technological innovations increasing the robustness and effectiveness, which have been increasing their popularity in biometric systems; increased demand for simplified and secured access of users to their mobile devices;and strategic collaborations among the fingerprint sensor manufacturers and algorithm providers. One of the factors that is adversely affecting the growth of the market is the difficulty faced in the manufacturing and fabrication process of the new technologies. Also,fingerprint sensor technologies are still not completely spoofing proofand are in the developing phase. The market is growing, globally; this increasing thrust presents vast opportunities for the players across the value chain.
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