The report titled “Fingerprint Sensors Market Analysis By Type (Swipe Sensors, Area & Touch Sensors), By Technology (Capacitive and RF Capacitive Sensing Technology, Optical Sensing Technology), By Application, By Region &Segment Forecasts, 2014-2025”, provides a comprehensive analysis of global fingerprints sensors market, technological developments in global fingerprints sensors market, leading players, geography, reasons to adopt fingerprints sensors, use of global fingerprints sensors and future of global fingerprints sensors market.
Industry Overview: Technological developments were observed in all the global organizations in the area of smart-card-based identity systems to biometric-based identity systems or fingerprint sensors. All the organizations are increasingly using fingerprint biometrics for supervision of employee attendance and preventing infiltration across borders. It was observed that there is a growing investment in the security-related projects and cross-border management across all the countries. Fingerprint sensors account for a majority share in the biometric sensors market with the introduction of advanced fingerprint technologies such as 3D fingerprinting and touch-less sensors. The major users of global fingerprint sensors are government, private, transportation, healthcare, BFSI and retail organizations.
It was observed that there is an increasing adoption of fingerprint sensors in the healthcare sector which is driving the growth in the global fingerprint sensors market. Fingerprint biometrics provides end-to-end electronic processes to offer customer convenience and compliance with security regulations. All the smartphones are equipped with fingerprint sensors to avoid theft and unauthorized access. A number of apps are introduced for electronic diagnosis, prescribing, treatment, practice management, coding, and billing which are integrated with fingerprint biometrics to prevent unauthorized access to patient records. The adoption of fingerprint sensors will continue to increase over the next few years because they prevent fraudulence, improve healthcare safety, maintains time and attendance record.
Leading Players and Geography: The global fingerprint sensors market is highly fragmented due to the presence of well-diversified international, regional, and local vendors. The international vendors dominate the fingerprint sensors market in terms of features, quality, functionality, and service. Local and regional vendors also offer fingerprint sensors with a high level of accuracy at more affordable prices compare to the global players. The leading players in global fingerprint sensors are Gemalto, BIO-key International, Crossmatch, HID Global, M2SYS Technology, NEC, OT Morpho, Anviz Global, BioEnable, BioLink Solutions, DERMALOG Identification Systems, Diamond Fortress Technologies, Fingerprint Cards, FingerCheck, Fulcrum Biometrics, Futronic Technology Company, IDEX ASA, Inception Technologies, Liteon, Precise Biometrics, SecuGen, Suprema, Trac-Tech, and ZKTeco. Global fingerprint biometrics market is geographically spread across APAC, Europe, MEA, North America, and South America.
Technological Advancements: The increasing instance of terrorism activities across the globe has prompted the countries to embed iris scans and fingerprint scans in passports and visas. Fingerprint sensors are also used in the law enforcement sector to recognize a suspect quickly and precisely. The fingerprint sensors market is segmented by technology, that is, Non-AFIS technology and AFIS technology. The non-AFIS technology in fingerprints sensors accounts for a major share in the global market because it is used for residential usage. Non-AFIS sensors are incorporation in various devices such as mobile devices, laptops, smartphones, and tablets to avoid theft. It was estimated that the demand for non-AFIS technology will increase over the next few years with increasing technology.
Future of Global Fingerprint Sensors Market: Globally, all the government organizations have adopted fingerprint sensors technology due to the high incidences of violent activities and intrusions. The growing use of electronic devices that posses incorporated fingerprint sensors will surely propel the growth of fingerprint sensors market in the coming years. The growing use of smartphones with the use of 4G network connectivity has encouraged global consumers to make mobile payments which have created a greater need for mobile fingerprint sensors. Asia-Pacific is the largest revenue-generating region in the global fingerprint sensors market in world. The continuing advancements in fingerprint sensors technology will drive the market for global fingerprint sensors over the next few years.
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Ankur Gupta, Head Marketing & Communications