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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024

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(Free Press Release) North America is the dominating region and accounted for 38% revenue share of global fingerprint sensors market in 2016.

Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024


      

 

Touch ID, Biometrics, and Fingerprint sensors are latest technology to resolve mobile security challenges

According to Goldstein Research, “Rising number of connected devices is increasing the need for advance sensing technology to enhance safety, security, and convenience which will eventually replace existing authentication methods. Fingerprint sensors are widely deployed due to its cost-effective nature which is bolstering the growth of fingerprint sensors market.” As security is the major concern and obstruction for the growth of fingerprint sensors market. Several key vendors are currently trying to develop the mobile biometric space to enhance the security against fraudulent activities. For instance, Samsung and PayPal Holdings, Inc. an American online payments system launched a new biometric feature in Galaxy S5 smartphone which allows the owners to use fingerprint authentication for mobile payments. This is expected to increase the demand for fingerprint sensors in commercial applications as customers are getting more familiar towards using fingerprint sensors in their devices. The global fingerprint sensors market is categorized on the basis of sensors type, by sensors technology and by application. Sensors type is further segmented into network swipe sensors and area & touch sensors. Huge implementation of touch sensitive sensors in mobile devices and laptops is expected to propel the demand for area & touch sensors market in the near future. North America is the dominating region and accounted for 38% revenue share of global fingerprint sensors market in 2016. North America fingerprint sensors market size is expected to grow at a CAGR of 17.0% during forecast period. U.S. occupies the largest share of fingerprint sensors in terms of revenues and shipments of smartphones incorporated with fingerprint sensors.

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Market Segmentation

Global Fingerprint Sensors Market is categorized on the following basis:

· Based on Sensor Type

o Swipe Sensor

o Area & Touch Sensor

· Based on Sensor Technology Type

o Optical Sensor Technology

o Capacitive Sensor Technology

o Ultrasonic Sensor Technology

o Thermal Sensor Technology

· Based on Application

o Mobile Devices

o Travel & Immigration

o Aerospace & Defense

o Healthcare

o Banking & Finance

o Others ( Commercial Security, Smart Homes)

· Based on Geography

o North America (U.S. & Canada)

o Latin America (Brazil, Mexico & Rest of Latin America)

o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)

o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)

o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)

o Rest of World

Global Fingerprint Sensors Market 2024contains detailed overview of the global fingerprint sensors market in terms of market segmentation by sensor type, by sensor technology type and by application.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global fingerprint sensors market also provides competitive outlook of some of the major players of the APAC cyber security market which includes profiling of companies such as Cisco Systems Inc., IBM Corporation, Dell Root 9B, Herjavec, Check Point Software Technologies Ltd., Palo Alto Networks, Symantec Corp, McAfee, Kaspersky Lab, Trend Micro Inc., Fortinet Inc., FireEye Inc., Trend Micro, Imperva Inc., CyberArk Software Ltd. and AVG Technologies. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global fingerprint sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024

Source: Press Release

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