Fingerprint Sensor Market was worth US$3.5Bn. in 2021 and total revenue is expected to grow at a rate of 10% CAGR from 2021 to 2029, the Fingerprint Sensor Market is reaching almost US$7.50Bn. in 2029.
Fingerprint Sensor Market Overview
The recently published report by Maximise Market Research on Fingerprint Sensor market is available in the market. MMR is an international business consultancy firm, serving large and medium size players across the world. It has got clients across the globe in more than 34 countries.
The researchers team has said that the Fingerprint Sensor market is expected to have a lucrative growth opportunity for manufacturers within next ten years. They also shared that the Fingerprint Sensor market is showing upward trend even in the midst of economic growth.
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Market Scope
The report indicates the significant growth due to efforts of the industry participants within the forecast period i.e., 2022- 2029. The report includes all insights of the Fingerprint Sensor market for manufacturers, suppliers, and distributors and global investors to understand the heart of the market and plan strategies. The information or data provided in the report can be used by the students, stakeholders, consulting firms, research institutes, industry professionals, journalists, business researchers, etc. in the global Fingerprint Sensor market. Data on market size and market share, market dynamics and many more are presented in the report. To provide users comprehensive information all analytical market data are scientifically displayed in the form of graphs, tables, pie charts and product statistics.
Market Dynamics
In May 2021, OPPO unveiled the K9 5G Smartphone, showcasing the company's ongoing partnership with the provider of software and integrated chip design solutions by including ground-breaking features like a Goodix in-display fingerprint sensor. The Redmi K40, K40 Pro, and K40 Pro+ Smartphone Applications from Xiaomi will incorporate the small and curved FPC1542 capacitive touch sensor from Fingerprint Cards in February 2021, enabling more streamlined mid-frame integration.
Market Segmentation
The market is divided into Area, Touch, and Swipe Sensors based on Type. Area and touch sensors are frequently used in consumer electronics because they offer a high level of convenience and accuracy, enabling them to gain a larger market share. Touch sensors are getting smaller, more affordable, and more practical to use. OEMs prefer these sensors over swipe sensors, particularly for mobile devices that need smaller sensors to produce more user-friendly, compact products. IDEX, Synaptics, Fingerprints, Apple, and Sweden-based Fingerprints are just a few companies that manufacture touch and area sensors (Norway). Among the smartphone OEMs that employ touch sensors are Xiaomi (China), Samsung (South Korea), and Apple (USA).
The market is divided into two categories based on technology: 2D and 3D. The market for 2D sensor technology is anticipated to be worth USD 5,407 million by the end of 2029. 2D sensor technology works best for detection and range tasks. Due to its low cost, the technology is still favoured by OEMs to produce downsized products that end users prefer on the market, particularly in mobile devices that require smaller sensors. On the other hand, the market for 3D fingerprint sensors is anticipated to grow at a faster CAGR over the course of the forecast period. 3D data is the most accurate representation of an actual fingerprint.
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Key Players
• Apple Inc.
• Fingerprint Cards AB
• Synaptics Inc.
• Egis Technology Inc.
• Goodix Ltd
• Silead Inc.
• Safran Identity & Security (Morpho)
• Idex ASA
• Thales SA
• 3M Cogent Inc.
• Suprema Inc.
• Crossmatch
• Dermalog Identification Systems GmbH
• NEC Corporation
• IDEMIA (France)
• HID Global Corporation (US)
• Thales Group (France)
• Qualcomm Technologies Inc. (US)
• Fingerprint Cards AB (Sweden)
Regional Analysis
The regional analysis of the Fingerprint Sensor market is done with help of regional surveys which divides the market into different segments in specific regions. It demonstrates the most significant regional divisions such as North America, Asia Pacific, Europe, Latin America, the Middle East and Africa who has global influence in the Fingerprint Sensor market. The market growth is majorly due to the increasing population of the developing country and increasing demand in the market.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 07, 2023
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