October 4, 2012 -
Global Industry Analysts, Inc. is slated to release a report covering the silicon-based fingerprint sensors market. The comprehensive report will cover market share predictions.
The firm estimates that demand for the technology will rise by as much as US$255 million dollars in 2018. This steep rise in revenue is the result of an increasing demand in Internet security and other practical applications for mobile devices.
Passwords and PINs are currently the most widely used form of security both online and for financial applications. However, the rising demand for a better means of protection from cyber crime is pressuring the industry to utilize new security methods.
Among these significant breakthroughs are silicon-based fingerprint sensors, which are predicted to make waves in the tech and mobile devices market in the very near future. Major players in the gadgets industry, such as Apple are beginning to snatch up the latest in fingerprint technology, including patents, in order to gain competitive advantage.