Global Fingerprint Sensor Market Growth to Remain Strong through 2020

The global fingerprint sensor market is set to experience favorable growth driven by factors such as increasing smartphone shipments, declining cost of fingerprint sensor, rising mobile payment transaction, and increasing fraudulent practices.

Albany, New York, October 26, 2016: Market Research Hub (MRH) has announced the addition of a new report to its database, titled “Global Fingerprint Sensor Market by Application (Smartphones, Smartcards, PC & Tablets) - Industry Analysis & Outlook (2016-2020)”. The report contains a comprehensive analysis of the global fingerprint sensor market with a special focus on key factors impacting the market in the key regions of North America and Europe. 

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Nowadays people can use biometric scans, such as fingerprint or retina scan as a key to access their personal information. This acts as security for personal identity card because no two persons can have matching fingerprints or even retina patterns. Fingerprint sensing is one of the prime biometric technologies that has been employed on a large scale globally. In this processing, it involves three primary steps: enrollment, verification and searching.

The global fingerprint sensor market is ready to experience favorable growth driven by aspects such as increasing smartphone shipments and mobile payment transaction, declining cost of fingerprint sensor, increase usage of biometric system in criminal identification, and increasing fraudulent practices. Further, the opportunity of growth for this market will be broadened across the world during the forecast of (2016-2020) by continuously increasing size of smartcard solutions and higher usage of payment cards. On the other hand, the growth of this market will be stuck by the business cycle fluctuations and risk of security breaks. The growing implementation of fingerprint sensors in the banking & finance industry, including smart cards such as debit and credit card are some of the factors that would provide huge growth opportunities for the fingerprint sensors market in the future years.

Further, the research report describes segmentation of the global fingerprint sensors market on the basis of type, technology, application, and geography. By applications, it can be divided into,

•    Smartphones
•    PC
•    Smartcards
•    Tablets
•    On the basis of technology, it is further segmented in four wide categories:
•    Capacitive sensors
•    Ultrasonic sensors
•    Optical sensors
•    Thermal sensors

Fingerprint sensors in smartphones started a whole new trend all together, giving a boost to this resting market. In current scenario, it has become a standard feature in smartphones across different smartphone segments, but fingerprint sensor application is not only limited to smartphones because companies are making it suitable for almost every mobile device, it may be any electronic appliance or automotive.

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There are four leading players of the global fingerprint sensor industry involves, Synaptics Incorporated, Fingerprint Cards, IDEX ASA and NEXT Biometrics ASA are being profiled in the report along with their key strategies for financial growth. The major trends, growth prospects as well as issues being faced by the market are discussed in detail in the report.

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