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Report Code : HiCT1007
Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
Global Fingerprint Sensors Market Outlook
Rising demand for biometric identification and authorization in different verticals to maintain privacy and security is enhancing the demand for fingerprint sensors globally. By the end of 2024, more than 70 percent of all transactions are expected to be performed via biometric authentication, primarily via fingerprint sensors in mobile devices. In October 2016, NEC Corporation introduced world's first fingerprint sensing device prototype which is capable of capturing fingerprint images of newborns and infants. Similarly, in 2015, Synaptics introduced “Natural ID” which provides smaller touch area to support high end mobile devices. Chinese technology manufacturer Goodix launched its fingerprint reader which can be embedded within the screens of smartphones. Companies such as Huawei, Oppo, Vivo, Xiaomi, LG, ZTE and ASUS phones are currently using Goodix fingerprint sensors. These innovations are raising the market competitiveness which is likely to fuel the expansion of fingerprint sensors business. Successive collaborations between mobile device manufacturers and fingerprint sensors manufacturers is also expected to bring new business opportunities for fingerprint sensors market. For instance, in 2014, Apple Inc. acquired LuxVue Technology Corporation, a low-power, micro LED-based displays electronics applications manufacturer. With this acquisition, Apple aims to substitute iPhone’s home button with fingerprint-scanning screen. Send Us Sample Request@ https://www.goldsteinresearch.com/request-sample/global-fingerprint-sensors-marketoutlook-2024-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024 Market Segmentation Based on Sensor Type o
Swipe Sensor
o
Area & Touch Sensor
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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) Published By: Goldstein Research
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
Based on Geography •
North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
•
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
•
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
•
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
•
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
•
Rest of the World {Market Share (%), Market Size (USD Billion),
Adoption Rate (%)}
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
Market Size and Forecast (2016-2024) The global fingerprint sensors market is expected to reach USD 13.80 billion by the end of 2024, registering a CAGR of 19.0% over the forecast period. North America is the dominating region for global fingerprint sensors market in 2015, owing to high sales of smartphones and tablets and large adoption of advance technologies and applications of biometrics in the region. Moreover, increasing penetration of fingerprint scanners in countries such as Sweden, the UK, Germany, Poland, Spain and France is boosting the growth of fingerprint sensors market in Europe. Europe fingerprint sensors market is expected to grow at CAGR of 16.0% from value USD 1.08 billion in 2016 over the forecast period. Asia-Pacific is the fastest growing region and is projected to dominate the global fingerprint sensors market over the forecast period, due to growing acceptance of advance technology and increasing usage of biometric devices in organizations in the region. Apart from developed countries such as Japan, Australia, Singapore and South Korea fingerprint scanners are also used in emerging economies such as Philippines, India, China and Malaysia in many bank offices, hospitals and manufacturing centers. Asia-Pacific fingerprint sensors market is expected to grow over USD 4.83 billion by 2024. Global Fingerprint Sensors Market Size (USD Billion), 2016-2024
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Asia-Pacific
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2024
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
Global Fingerprint Sensors Market 2024 contains 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.
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024 Scope Background Market Synopsis
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Market Segmentation The Global Fingerprint Sensors Market Segmentation follows: • • •
By Sensors Types (Market Size, Demand Analysis and Growth Analysis) By Sensors Technology Types (Market Size, Demand Analysis and Growth Analysis) By Application (Market Size, Demand Analysis and Growth Analysis)
By Country • • • • • •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
Market Dynamics: Growth Drivers, Restraints and Opportunities oRisk Factors oRegional Variations oRecent Trends and Developments
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Key Market Players oSynopsis oBusiness Strategy oProduct Portfolio oSWOT Analysis
Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
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Global Fingerprint Sensors Market Hit USD 13.80 Billion by 2024
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