Knowledge Sourcing Intelligence announces the publication of a new report on “Global Fingerprint sensors Market – Forecast from 2020 to 2025” to their offering.
Fingerprint sensors use tiny capacitors to extract fingerprints’ unique features and are used to provide authentication and authorization.
According to the report, the Global Fingerprint sensors Market is projected to increase at a CAGR of 14.90% over the forecast period 2019-2025.
The Growing consumer electronics industry is the major driver of the global fingerprint sensors market. Intense competition among manufacturers to maintain their market position is driving the market growth. The Rising use of fingerprint sensors in many existing and upcoming models of smartphones is further spurring the global fingerprint sensors market growth. Furthermore, growing demand for feature-rich smartphones is also contributing to the escalating demand for fingerprint sensors, thus positively impacting the overall market growth. Increasing the use of fingerprint sensors in the BFSI industry is also a major factor that is bolstering the market growth of fingerprint sensors worldwide. Various security issues have made it to the top to the priority list for payment getaways to use fingerprint sensors. Smartcards are also being integrated with this technology, thereby driving the market growth during the projected period.
The global fingerprint sensors market has been segmented by type, technology, end-use industry, geography. Geographically, the global fingerprint sensors market has been classified into North America, South America, Middle East and Africa, and Asia Pacific. APAC is the major regional market for fingerprint sensors throughout the forecast period. This dominance is attributed to the high manufacturing of consumer electronics and semiconductors in countries like China, India, and Taiwan. Booming industries such as BFSI and healthcare is augmenting the adoption of fingerprint sensor applications, thus positively impacting the market growth in the region. Growing travel and tourism industry is also a driving factor for the impetus growth of the APAC fingerprint sensors market during the forecast period. North America and Europe also hold decent shares in the global fingerprint sensors market. Favorable government policies and initiatives to ramp up the domestic production across various industries is significantly fuelling the fingerprint sensors market growth in these regions. South America will also witness a considerable market growth between 2020 and 2025 owing to the growing automotive as well as consumer electronics industry in countries like Brazil and Argentina.
Some of the key players covered as part of the report 3M Cogent Inc., Synaptics Incorporated, Egis Technology Inc, Qualcomm Technologies, CMOS Sensor Inc, ID3 Technologies, and ELAN Microelectronics Corp. among others.
View a sample of the report or purchase a complete study at https://www.knowledge-sourcing.com/report/fingerprint-sensors-market
This report segmented the Global Fingerprint Sensors market on the basis following terms: