The Global Fingerprint Sensors Market is forecasted to be worth USD 10.36 billion by 2027, according to a current analysis by Emergen Research.This new fingerprint sensor is also said to have an ultra-high fingerprint recognition rate that is supposed to reach the level offered by the existing OLED displays with under-display fingerprint sensors and even could have the potential to surpass it. The increasing number of security breaches and extensive rise in the adoption of fingerprint biometric systems in smartphones IoT devices are the major factors influencing the market growth. The report is formulated with the updated and latest information of the global Fingerprint Sensors market further validated and verified by the industry experts and professionals. Extensive growth in the smartphone usage and higher requirement of effortless quick biometric security in smartphone and tablet devices have been a substantial impulsive factor behind the growth of this market growth. Impact of the technological developments and RD advancements on the Fingerprint Sensors market.
The ultrasonic fingerprint recognition sub-segment is growing with the fastest growth rate of 19.2% during the projected period with an extensive implementation in the smartphone industry owing to higher accuracy precision in a sonic-pulse wave-based three-dimensional fingerprint image sensing system. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market. The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The increasing number of security breaches and extensive rise in the adoption of fingerprint biometric systems in smartphones IoT devices are the major factors influencing the market growth The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The global market landscape of Biometrics is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates.
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Key players in the market Honeywell Commercial Security, Axis Communications, Bosch Security and Safety Systems, FLIR Systems, Panasonic i-PRO Sensing Solutions, NEC, Nice Systems, Huawei Technologies, Hanwha Techwin, and CP Plus, among others.
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Capacitive
Optical
Thermal
Ultrasonic
Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Hardware
Software
Industry Vertical Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Consumer Electronics
Government Defense
Banking, Financial services, and Insurance (BFSI)
IT Telecommunication
Retail and E-commerce
Human Resource
Healthcare
Others
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Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Minutiae-based Matching
Pattern Matching
System Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Unimodal Biometric Systems
Multimodal Biometric Systems
Global Fingerprint Sensors Market Report – Table of Contents:
Chapter 1 includes the global Fingerprint Sensors market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Fingerprint Sensors market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Fingerprint Sensors market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Fingerprint Sensors industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
The research provides answers to the following key questions:
What will be the estimated size of the FINGERPRINT SENSORS market during the forecast period 2020 to 2027?
What will be the market share and growth rate of the FINGERPRINT SENSORS industry during the estimated period?
Who are prominent market players in the FINGERPRINT SENSORS market? How have they managed to stay ahead in the competition?
What are the future prospects of the industry in the coming years?
What are the key driving forces impacting the development rate of the FINGERPRINT SENSORS market across different regions?
Which factors are restricting the growth of the FINGERPRINT SENSORS market worldwide?
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