July 4, 2014 -
The global fingerprint sensors market is forecasted to surpass $14.35 billion in revenue by 2020, growing at a CAGR of 16.8% from 2014 to 2020, according to a new market research report published by MarketsandMarkets.
Titled “Fingerprint Sensors Market by Type (Swipe And Area), Material (Optical Prism, Pizeoelectric, Capacitive, and Adhesives), Application (Mobile Devices, Government, Defense, Healthcare, Commercial Security and Banking & Finance), and Geography – Global Trends & Forecasts to 2014 – 2020”, the 350-page report provides more than 78 market data tables and 95 figures, along with an in-depth table of contents on “Fingerprint Sensors Market”.
More and more industries are relying heavily on biometrics to improve both convenience and reliability for end-users, and fingerprint sensors are leading this market within consumer electronics which feature secured authentication systems.
Fingerprint sensors allow end-users to quickly, securely and reliably access their smartphones, as well as store their personal information in an encrypted form on their phones.
However, the use of fingerprint sensors has spread beyond mobile devices and is being applied to a range of industry verticals, including banking and finance, commercial security, criminal identification, defense, government, healthcare, smart homes, and travel and migration.
The report organizes the fingerprint sensor market into five groups, including materials used, sensor types, biometric types, application, and geography.
In addition, the overall market is broken up into four main geographical segments of North America, Europe, ROW, and APAC, the latter of which has the highest market growth of the four groups.
The report covers a range of companies in the fingerprint sensors market, including AuthenTec (owned by Apple), Synaptics, Fingerprint Cards, IDEX ASA, Next Biometrics, Atmel, Fujitsu, BIO-key International, 3M, Infineon Technologies and Fulcrum Biometrics as well as many others.
Previously reported by BiometricUpdate.com, BCC Research released a report that projected the global biometric technologies market to reach $8.7 billion in 2013 and will increase to nearly $11.2 billion next year.