Showing posts with label Fingerprint Sensor Raw Material Suppliers. Show all posts
Showing posts with label Fingerprint Sensor Raw Material Suppliers. Show all posts

Sunday, December 18, 2022

Global Fingerprint Sensor Market is expected to growth of ~10% over the next six years (2022-2028): Ken Research

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According to the latest Ken Research Analysis, the global fingerprint sensor market is expected to witness a growth of ~10% over the next six years (2022-2028). The market size was valued at around US $3 Bn in 2017, is estimated at around US $5 Bn by 2022, and is expected to reach US $9 bn by 2028.

Global Fingerprint Sensor Market Revenue

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Key Growth Drivers

An increase in the number of intelligent devices, such as tablets, laptops, smartphones, and smart wearables per person, is expected to increase the growth of the studied market. Additionally, the rising demand for biometric devices has accelerated its growth.

  • The fingerprint sensor is among the most prominent type of biometrics sensors that is used in various applications and devices, due to which the demand for fingerprint sensors is rising. Tracking the attendance of the employees has become easy with the use of biometric systems. This system prevents employees from logging in for one another hence drastically reducing fraud in attendance systems. These biometric sensors have a thin film transistor (TFT) sensor that allows capacitive sensing to enable its small form factor (3.7 inches x 1.7 inches x 0.3 inches or 95 mm x 45 mm x 8.5 mm) to capture fingerprints under direct sunlight.

Global Fingerprint Sensor Market faces several restraints such as the availability of new technologies like facial recognition and iris recognition. Additionally, the high cost involved in the development of fingerprint sensors is a major barrier to the growth of the market.

  • Iris scanning and facial scanning provide an advanced level of biometric security that can act as a substitute for the fingerprint sensor. The facial recognition system analyses the shape and position of different parts of the face to recognize the person. Iris scanning is known to be an excellent security technique, especially if it is performed using infrared light. Japanese auto companies are also actively innovating to integrate iris/facial scanning sensors in their upcoming automotive models.

The impact of COVID-19 pandemic negatively impacted the sales and growth of the Fingerprint Sensor Market. The pandemic led several manufacturers to halt their business operations due to disruptions in the global supply chain. Several manufacturers faced chip shortages and the shelf life of produced fingerprint sensors was increasing. This segment, which comprises wearables, laptops, desktops, and other appliances, was impacted, as production declined due to disruptions in the global supply chain, including China, which is the major hub of OEMs in this segment.

Key Trends by Market Segment

By Type: The capacitive segment held the largest market share in the year 2021 for the Global Fingerprint Sensor Market.

  • Capacitive-type fingerprint sensor is widely used in smartphones, laptops, and other electronic devices. As consumer electronic devices mostly use capacitive-type fingerprint sensors in their products, their sales figures are higher than other types of fingerprint sensors. Due to their low cost, easy availability, and compact characteristics, the capacitive fingerprint sensor has also become a popular choice for biometrics smartcards, smart locks, and other access control devices.
  • The development of Smartphone Fingerprint Technology recognition penetration rate shows that the Finger on display (FOD) fingerprint display increased from 4% in 2018 to 50.30% in 2022 which shows the increase in demand for Fingerprint Sensor technology.

Development of smartphone fingerprint recognition penetration rate

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By Application: The smartphone/tablet segment held the largest market share in 2021 for the Global Fingerprint Sensor Market.

  • As there have been advancements in access control technologies, the adoption of fingerprint sensors in smartphones and laptops has increased. A user is now able to make easy payments via his/her smartphone using authentication by fingerprint sensors. The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011, however, but Apple revolutionized touch ID fingerprint sensors in mobile devices. Apple's Touch ID is a fingerprint sensor that scans fingerprints, reads them, and finally recognizes the fingerprints. This technology was originally a headlining characteristic of the iPhone 5S, but later this technology has been visible on several newer iPhones, like the iPhone SE (2020), and also on iPads and MacBooks.

By End-User Industries: The consumer electronics segment held the largest market share in 2021 for the Global Fingerprint Sensor Market.

  • This growth is mainly due to an increase in demand for sensors that are used in smartphones, tablets notebooks, and laptops. In 2020, according to China Internet Network Information Centre (CNNIC), around 852.5 million users made mobile payment transactions, which surged from 583.3 million users in 2018. These kinds of surges in mobile payment transactions increase the need for fingerprint sensors.

Global Fingerprint Sensor Market Revenue Share by end user industries

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By Region: The North America Fingerprint Sensor market held the largest share in 2021. On the other hand, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period (2022-2028)

  • The market dominance of North America is due to the early adoption of technology and the presence of key players like Apple Inc., Qualcomm Technologies, Inc., and others in the region. Moreover, there has been an increase in investment by the government in the region for border surveillance and homeland security which is further driving the revenue growth of the market.
  • Increasing mobile transactions in China, guided by the government’s initiatives, are expected to boost the growth of the fingerprint sensors market in the Asia Pacific region. China is expected to have a high mobile transactional volume, which is expected to create a strong potential for the Fingerprint Sensor market.

Major Regions by Revenue Share Global Fingerprint Sensor Market

Competitive Landscape

The Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players in the Fingerprint Sensor market.

The large global players constitute ~10% in terms of the number of competitors followed by regional players which account for ~30% of the constitution. Most of the country-niche players deal with the local demand of the region. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

Competitive Landscape of Global Fingerprint Sensor Market

Recent Developments Related to Major Players

  • In September 2021, IDEMIA launched the SaaS-based Automated Biometric Identification System (ABIS), IDEMIA STORM ABIS, for affordable, accessible, and intuitive fingerprint analysis, documentation, and comparison. IDEMIA STORM ABIS supports national and local searches with the help of tools for analysis, comparison, and case management that allows fingerprint examiners to efficiently and effectively complete examinations from any place.
  • In July 2021, Fingerprint Cards collaborated with a Tokyo-based Company named MoriX Co. Ltd to launch and develop biometric payment cards in Japan. This collaboration would bring Japanese consumers a more secure, safe, and easy payment experience.
  • In May 2022, Fingerprint Cards collaborated with Transcorp and Mswipe to bring contactless biometric payment cards to India. This payment card range would add convenience and easy payments for merchants and consumers in the region.

Conclusion

The Global Fingerprint Sensor Market is forecasted to continue moderate growth, which is primarily driven by the rising adoption of biometric fingerprint Sensors for accurate identification, faster access, and higher security. The market size is estimated to be US$ 5 Bn in 2022 and is expected to reach US$ 9 Bn by 2028 growing with a CAGR of 10%. North America is the dominant region in terms of revenue generation; however, the Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~300 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Fingerprint Sensor Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, Market is segmented by type, application, end-user industries, and geography. In addition, the report also covers the market size for each of the four regions of the Global Fingerprint Market. The revenue used to size and forecast the market for each segment is US$ Billion.

Market Taxonomy

By Type

  • Optical
  • Capacitive
  • Thermal
  • Ultrasonic

By Application

  • Smartphones/Tablets
  • Laptops
  • Smartcards
  • IoTs
  • Others

By End-User Industries

  • Consumer Electronics
  • Travel and Immigration
  • Government and Law Enforcement
  • Military
  • Others

By Region

  • North America
  • USA
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players

  • Fingerprint Cards AB
  • Egis Technology.
  • Vkansee Technology Inc.
  • Synaptics
  • Apple Inc.
  • CMOS Sensor Inc
  • Goodix
  • Touch Biometrix
  • Q Technology
  • Thales
  • Idemia
  • Qualcomm Technologies, Inc

Sunday, October 23, 2022

3 Key Insights on US$ 9 Bn Opportunity in the Global Fingerprint Sensor Market: Ken Research

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Driven by the rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security, the Global Fingerprint Sensor Market is forecasted to cross ~US$ 9 Bn by 2028 says Ken Research Study

Fingerprint sensing is one of the prominent access control methods which has gained immense popularity in recent times. The fingerprint sensor belongs to the family of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

According to Ken Research estimates, the Global Fingerprint Sensor Market – which was valued at US$ ~3 Bn in 2017, is estimated to reach the US $5 Bn in 2022 – and is expected to grow further into a more than US$ 9 Bn opportunity by 2028.

Ken Research shares 3 key insights on this high opportunity market from its latest research study.

Global Fingerprint Sensor Market Revenue Forecast

1. Global Fingerprint Sensor Industry has Seen Stable Growth Owing to an Increase in the Adoption of Biometric Fingerprint Sensors across the Globe

The Global Fingerprint Sensor Market is expected to witness stable growth during the forecast period 2022-2028 primarily due rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security.  Furthermore, post the COVID-19 pandemic, the Fingerprint Sensor Market gained pace due to increased penetration of smartphones which created better opportunities for new entrants as well as established players in the studied market.

Fingerprint sensors have been serving as a primary security phase in smartphones. Even though iris scanners and facial recognition sensors are taking up the pace, their higher cost encourages various enterprises to stick to fingerprint sensing only. Moreover, in certain cases, facial recognition has proven more vulnerable than fingerprint sensing.

Worldwide Smartphone Subscriptions

2. The Rising Adoption of Smartphones is Driving the Fingerprint Sensor Market

The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011. The adoption of Smartphones is expected to increase to 85% by 2025 from 81% in 2021 according to Global System for Mobile Communications Association (GSMA) which is expected to create more opportunities in the studied market. In 2021, Fingerprint Cards AB launched FPC1553, which is the company’s third-generation slim, side-mounted capacitive touch sensor. This is fused in the Honor X40i, Moto g32, and Vivo Y77 smartphones. The FPC1553 is the latest output of their continuous development in the capacitive segment of fingerprint sensors for smartphones.

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With fingerprint scanners, various banking and government-based mobile applications allow transactions via mobile phone only by authenticating fingerprints. For instance, the Federal Bureau of Investigation (FBI) depends on its partnerships with tribal, state, local, and federal agencies to collaborate on the development of important programs such as the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC).

Outlook of Estimated Smartphone Adoption Worldwide

3. High Cost Involved in the Development of Biometric Sensors is Affecting the Fingerprint Sensor Market’s growth

The growth of the fingerprint sensor market is hampered by several factors that include cost and substitute products. Although fingerprint sensors are used as a primary authentication device in various banking and government facilities, the high cost that is involved in the development of various biometric sensors is challenging to afford for everyone and hence it affects the market demand globally. The high production cost of raw materials is another important factor that prevents the market growth of the fingerprint Sensors Market Globally.

According to Bayometric, a global supplier of fingerprint scanners, single sign-on solutions, and access control systems, on average, fingerprint readers/sensors are priced anywhere from $50-$2,500 each depending on the certifications, brand, type of sensor, etc

Average Cost of Fingerprint Sensors By type

For more information on the research report, refer to the below link:-

Global Fingerprint Sensor Market

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