The fingerprint sensor market is expected to cross US$ 3.50 billion in 2022 and is projected to hit US$ 11 billion by 2030, recording a CAGR of 15% during the forecast period.
Rising concerns regarding security breaches in industries and personal devices such as mobile phones and tablets are fuelling the growth of fingerprint sensors. Also, implementing biometric systems for attendance calculation in offices is raising the demand for fingerprint sensors in the market. Moreover, the adoption of fingerprint sensor consumer electronic devices for biometric authentication is fueling the growth of the fingerprint sensor market.
Based on technology, the ultrasonic sensor segment is expected to pace up in the future. As the ultrasonic sensors can help read the epidermal and dermal skin layers, thus is capable of capturing fine details. It can also read wet fingers and fingers with ruptured skin or damaged skin. Further, other subsegment technologies such as capacitive, optical, and thermal are also expected to gain traction during the forecasted year.
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The report covers an in-depth analysis of the key market players within the market
- ISENSE, LLC
- Stratio, Inc.
- Vkansee Technology
The “Fingerprint Sensor Market forecast 2030 report analyses the present and future competitive scenario of the analytics industry. Fingerprint Sensor Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications.
Recent Strategic Developments in the Fingerprint Sensor Market
The fingerprint sensor market has undergone several significant developments, and a few of these have been mentioned below:
- In August 2022, vivo announced the launch of a new foldable smartphone. The new Vivo X Fold features a dual-screen, in-display 3D ultrasonic fingerprint scanner.
- In January 2021, Qualcomm Technologies, Inc. announced the launch of 3D Sonic Sensor Gen 2. It is 50% faster and 77% larger than 3D Sonic Sensor Gen 1. It provides a larger region for the finger to capture 1.7x more biometric data.
In this report, the fingerprint sensors market has been segmented on the basis of:
- Capacitive Sensors
- Optical Sensors
- Thermal Sensors
- Ultrasonic Sensors
- Pressure Sensors
- Swipe Sensors
- Area Sensors
- Touch Sensors
- End-User Industry:
- Military and Defense
- Consumer Electronics
- Banking and Finance
- Commercial Security
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Market Analysis and Insights: Fingerprint Sensor Market
Fingerprint Sensor Market report elaborates the market size, market characteristics, and market growth of the Fingerprint Sensor industry, and breaks down according to the type, application, and consumption space of Fingerprint Sensor. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
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Some of the key queries answered in this report:
· -What can we estimate about the anticipated growth rates and also the Fingerprint Sensor industry size by 2030?
· -What will happen in the coming existing and emerging markets?
· -Which are the five top players within the Fingerprint Sensor market?
· -How can the Fingerprint Sensor market change in the upcoming years?
· -Which product and application will take a share of the Fingerprint Sensor market?
· -What will be the CAGR and size of the Fingerprint Sensor market throughout the forecast period?
· -What are the market opportunities and challenges two-faced by the key vendors?
· -Who are the major competitors and what is their strategy?
· -What are the barriers to entry for new players in the market?
· -What would be the upcoming Fingerprint Sensor market behaviour forecast with trends, challenges, and drivers for development?
· -What business opportunities and dangers are faced by vendors in the market?
· -Which would be Fingerprint Sensor industry opportunities and challenges have faced by most vendors in the market?
· -What will be the outcomes of this market SWOT five forces analysis?
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