Fingerprint Sensor Market Driven by Demand for Multi Factor Authentication and Flourishing Biometric Technologies

Global Fingerprint Sensor Market: Demand Analysis and Growth Forecast
According to a recent business publication by IndustryARC, the global fingerprint sensor market size was around $4 billion – $5 billion in 2018. And, the analyst of the report projects the opportunities to grow at a progressive CAGR of around 14% during the forecast period 2019-2025. The information is presented in a new market research report from IndustryARC, titled: “Fingerprint Sensor Market: By type (Capacitive, Optical, Thermal, Pressure, RF, Ultrasonic and Others), By end-use (Defense, Retail, Education, Healthcare, Financial, Government), By application & By region – Forecast (2019 – 2025).”

Browse Fingerprint Sensor Market Report Link: https://www.industryarc.com/PressRelease/642/Fingerprint-Sensor-Market-Research.html

Biometrics have become an essential part of everyone’s secure life today. Growing ubiquity of smartphone users and incrementing possibilities with innovative web based technologies are paving path to enhance the identity management solutions. Fingerprint is one of the booming authenticating recognition preferred in healthcare sector, government, and in the financial sector. Different fingerprint sensors are manufactured using piezoelectric materials and pyroelectric materials.

Global Fingerprint Sensor Market Trends
Multi-factor authentication systems domineering role in augmenting security through one time password coupled with fingerprint, face recognition, and retina scanner
Proliferating use of capacitive fingerprint sensors in mobile applications due to their high resolution, transparency and reliability
Smart phone manufacturer’s market strategies such as partnerships, and product developments are boosting the growth of fingerprint sensor market. Samsung announced to introduce mid-range and premium phones with in-display fingerprint sensors as a part of it. Qualcomm has become a partner of Samsung’s plan to develop those sensors. Scientists from the Samsung Display-UNIST Centre at Ulsan National Institute of Science and Technology in South Korea, has developed a new sensor which enables the detection of a finger pressing on the display and also it improves the design of smartphones
Growing implementation of In-display sensors technology by the smart phone manufacturers due to bezel less display revolution is estimated to increase the share of in-display sensors through to 2025

Global Fingerprint Sensor Market: Competitive Landscape
Some of the major companies identified in the report that are currently holding majority shares in the global fingerprint sensor market are Apple, Goodix, Egis Technology, Fingerprint Cards, Synaptics, IDEMIA, NEXT Biometrics, Anviz Global, IDEX ASA, and Gemalto

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