Global Fingerprint Sensors Market is expected to grow at a CAGR of 16.91% over the forecast period to reach a total market size of US$5.135 billion by 2021, from US$2.011 billion in 2015. Fingerprint sensors extract biological features of the fingerprints and are used to provide authentication and authorization. The major factors fuelling the growth of this market are technological enhancements in biometrics technologies and growing need for secure and simplified user access. Another factor augmenting the demand for Fingerprint Sensors is increasing number of application of these across different industry verticals such as government, BFSI, aerospace and defense among others. However, lack of awareness regarding the security essentials, coupled with the complexity in the integration of smartphones/other electronic devices are the factors restraining the market growth.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Fingerprint Sensors. Complete industry analysis has also been covered by Porter’s Five Forces model as a part of this report section.
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Thirdly, Fingerprint Sensors Market has been segmented by technology, industry, type and geography.
Travel and Transport
Banking & Finance
Europe Middle East and Africa
The Middle East and Africa
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are Bio-Key International, Synaptics, 3M Cogent, Fingerprint Cards, Morpho among other companies.
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