Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Fingerprint sensor are devices used for fingerprint detection. They capture biological features in the form of scan. These devices are integrated with fingerprint detection module and are used for safety and authentication purposes. Basic features of fingerprint sensor includes image collection and chip algorithm that saves data efficiently which in turn is totally dependent exclusively on the type and quality of product used in fingerprint biometric system. Fingerprint working principle mainly depends on processing, it includes two units, namely matching and enrollment. Further, it results in supplying advanced security to the important details and information of an individual. It converts fingerprint in a digital code which in turn results in unlocking the recipient information. Fingerprint sensor are implemented in various devices such as tablets, phones, laptops, smart watches and so on. These devices are cost efficient, seamlessly fast and safe and reliable to use. Furthermore, growing safety breaches around the globe has led to the growth of the technology. These devices are less expensive when compared to other biometric authentication systems.
Increasing usage of fingerprint sensors by law and government enforcement agencies to enhance safety and security drives the global fingerprint sensor market. Further, growing adoption of biometric system for attendance system in government and corporate organizations for counting the working hours of the service for the productivity of the employee’s fuels up the market growth. Introduction of optical fingerprint sensor in mobile phones, government investments for the acceptance of fingerprint sensors and the usage of biometrics in commercial use are the major factors driving the growth of the market. However, biometric database and security threats along with high cost of installation is anticipated to pose threat to the market. Furthermore, new rising trends towards IoT based biometric technology and growing adoption of in-display fingerprint sensors in mobile phones is attributed to offer significant opportunities worldwide.
COVID-19 pandemic has spread across 215 countries worldwide affecting various industries worldwide. As the world is continuously fighting this crisis, various industries are experiencing constant decline. Due to temporary lockdowns across various countries companies are facing acute cash flow issues. Slowing down and halting of manufacturing processes of fingerprint sensors along with disruption in supply chain logistics worldwide owing to the outbreak of coronavirus pandemic, have resulted in declining growth of the market. The new regulations that consist of working from home and social distancing has created major challenges with regular work, daily activities, supplies and needs creating delay and missed opportunities. It is impacting the overall economy and society across the world.
The report analyses of the fingerprint sensor market based on type, technology, application and geography.
By type, the global fingerprint sensor market is segmented into swipe sensors and touch sensors. Touch sensors holds the largest market share due to increase in demand for touch sensors in various consumer electronic devices such as remote controls, mobile phones, tablets, control panel and home appliances. The touch sensors are convenient and reliable to use as they do not need any mechanical motion like switching and mechanical controls. The growth of touch enabled displays and increasing government investments are some of the factors responsible for the growth of the touch sensors market.
The fingerprint sensor market by technology is classified into capacitive, thermal, optical and others. Optical technology holds the largest share in the market. In- display fingerprint sensors are much in demand for various smartphone devices. An optical in -display fingerprint sensor uses optical fingerprint sensor to acquire the fingerprint data and is integrated under the phone’s screen. Goodix, Synaptics, Fingerprints, CrucialTec, and Q Technology are some of the key players offering optical fingerprint sensor.
The fingerprint sensor market by application is classified into consumer electronics, travel and immigration, defense and aerospace, government and law enforcement, military, commercial security, healthcare, banking and finance, smart homes and other applications. Government and law enforcement holds the largest market share. Increasing use of fingerprint sensors to enhance safety and security drives the growth of the sector. To avoid cyber-attacks and to prevent data transmission from unknown sources sensors play a major role. Therefore, there is increasing adoption of such sensors in the government and law sector.
Geographically, the fingerprint sensor market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. North America is currently estimated to be the largest in fingerprint sensor market followed by Europe and Asia Pacific region. Due to increasing technological advancements and adoption of sensors for safety and security breaches in this region is driving the market growth. In Asia Pacific region, adoption of various security sensors and solutions across various sectors is anticipated to grow rapidly over the forecast period in India, China and Japan. Presence of fastest growing smartphones such as oppo, vivo, Samsung and Xiomi in China further speeds up the demand for fingerprint sensors in the devices. Furthermore, large scale advancements and technological innovations in the manufacturing industry supports the growth of the market in the region.
Some of the major players operating in this market include NEXT Biometrics Group ASA (Norway), CMOS Sensor Inc. (US), Q Technology (Group) Company Limited (China), Novatek Microelectronics Corp. (Taiwan), Qualcomm Technologies, Inc. (US), FocalTech (China), IDEX Biometrics ASA (Norway), id3 Technologies (France), ELAN Microelectronics Corporation (Taiwan), IDEX Biometrics (Norway), Japan Display Inc. (Japan), OXi Technology (China), Sonavation Inc. (US), Touch Biometrix (UK).
The report analyses of the fingerprint sensor market based on type, technology, application and by geography.
By type, the global fingerprint sensor market is segmented into swipe sensors and touch sensors. By technology, optical fingerprint sensor holds the largest share in the market. In- display fingerprint sensors are much in demand for various smartphone devices, which is anticipated to offer opportunities for the optical fingerprint sensor market growth.
Geographically, the fingerprint sensor market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. North America is currently estimated to be the largest in fingerprint sensor market followed by Europe and Asia Pacific region.
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