Fingerprint Sensors Market Size and Growth Rate:

By the year 2024, Global Fingerprint Sensors Market is estimated to reach USD 13.80 Billion at a CAGR of 19.0%.

A fingerprint scanner is a kind of technology which detects and authorizes the fingerprints of an individual in order to approve or reject access to devices such as computers and smart mobile phones. A fingerprint sensor works by recording authorized personnel’s fingerprints for a facility or a system that needs higher level security. It gives access only if the fingerprint is matched its database, if not, rejects the requests and can alert the management about the specific possible breach.

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Fingerprint Sensors Market Growth Drivers and Restraints:

Global Fingerprint Sensors Market is estimated to grow in forecasted period owing to supporting factors such as growing need for high security facilities, and increasing demand for biometric security devices. Utilization of these sensors in computers, mobile phones and other consumer electronics, finance and banking segments, law enforcements and government agencies, for immigration and travel security purposes are supporting the market growth. In addition, importance of these devices in offices for attendance and usage in schools, colleges and other educational institutions are boosting the growth of the market.

Geographical Overview of Fingerprint Sensors Market:

Based on geography, North America region accounted for the major chunk of the market due to supporting factors like technological advancements and adoption of fingerprint sensors in several application segments. In addition, Europe and Asia Pacific regions are also predicted to claim significant part of global market. Especially, Asia Pacific region is estimated to be growing at higher CAGR owing to presence of major economies in the region, increasing disposable and per capita incomes and growing adoption of these devices.

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Key Players in Global Fingerprint Sensors Market:

The major industries in the global market include Gemalto (Netherlands), IDEX ASA (Norway), Anviz Global (US), NEXT Biometrics (Norway), Egis Technology (Taiwan), IDEMIA (France), Goodix (China), Fingerprint Cards (Sweden), Synaptics (US), and Apple (US).

Fingerprint Sensors Market Segmentation:

Based on Sensor Type:

• Swipe Sensor
• Area & Touch Sensor

Based on Sensor Technology Type:

• Optical Sensor Technology
• Capacitive Sensor Technology
• Ultrasonic Sensor Technology
• Thermal Sensor Technology

Based on Application:

• Mobile Devices
• Travel & Immigration
• Aerospace & Defence
• Healthcare
• Banking & Finance
• Others ( Commercial Security, Smart Homes)

Based on Geography:

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
• Rest of World

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