The global ultrasonic fingerprint sensor market was valued at US$176.4 million in 2018 and is expected to grow at a CAGR of 51.56% over the forecast period to reach a total market size of US$2,137.786 million by 2024. The global ultrasonic fingerprint sensor is expected to propel during the forecast period owing to the growing need for biometrics creating a demand for devices that function on sensor technology leading to the development of ultrasonic fingerprint sensors. Hence, growing sensor technologies will drive the growth of the ultrasonic fingerprint sensor market during the forecast period. With the growing penetration of smartphone devices worldwide companies such as Samsung have come up with an in-display fingerprint sensor that uses ultrasonic waves for fingerprint recognition is further driving the market growth during the forecast period. For this, Samsung collaborated with Qualcomm Technologies for the introduction of the ultrasonic fingerprint sensor in its Galaxy S10 mobile phone. Geographically, North America is expected to hold a significant market share followed by Europe, owing to the early adoption of technology, and many of the key players are based in these regions.
Advancements in sensor technologies will provide an opportunity for the market to thrive with a good CAGR in the upcoming years owing to the adoption of ultrasonic fingerprint sensors for security applications worldwide. Furthermore, growing security concerns in various end-use sectors like government organizations, laboratories, travel like airports and railways among others are further poised to drive the market demand for ultrasonic fingerprint sensors during the forecast period and in the upcoming years as well.
The “Ultrasonic Fingerprint Sensor Market – Forecasts from 2019 to 2024” aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by security application and geography.
The ultrasonic fingerprint sensor market on segmented based on security application and geography. On the basis of security application, the market has been segmented into Mobile Devices, Laboratories, Government and Corporate Organizations, Commercial and Residential Security, and Travel. On the basis of geography, the market is segmented into North America (USA, Canada, and Mexico), South America (Brazil, Argentina, and Others), Europe (Germany, France, United Kingdom, and Others), Middle East and Africa (Saudi Arabia, South Africa, and Others), and the Asia Pacific (China, Japan, India, and Others).
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 13 major countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the ultrasonic fingerprint sensor market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the ultrasonic fingerprint sensor market.