Global Fingerprint Sensors Market, Analysis And Forecast, 2017-2023
Fingerprint Sensors Market Anticipated to Reach $12.82 Billion by 2023
LONDON, Oct. 26, 2017 /PRNewswire/ -- Description
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The global fingerprint sensor market was worth XX million in FY 2016 and is expected to witness a tremendous growth, growing at a CAGR of XX.XX% during the forecast period of 2017-2023. The market is growing due to increasing smartphone proliferation and growing security and safety concerns. Growing usage of biometric devices across various organizations has also propelled the growth of fingerprint sensors market. The report is a compilation of various segments including market dynamics, market breakdown by sensor type, by technology, by application and by geography.
The report provides a comprehensive market analysis and forecast along with the recent trends influencing the markets. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financials, financial summary and SWOT analysis.
The report addresses the following key questions about the global market:
• What are the major market drivers, challenges and opportunities in the global fingerprint sensors market?
• How will the fingerprint sensors market evolve and what is its scope in the future?
• What is the market share of the leading segments and sub-segments of the global fingerprint sensors market in 2016 and 2023?
• How will each segment of the global fingerprint sensors market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2023?
• How will the industry evolve during the forecast period between 2016 and 2023?
• What will be the growth rate of different segments during the forecast period? Which is the leading segment by application?
• How the market has been segmented on the basis of application?
• Which geographical location will dominate the fingerprint sensors market?
• What are the new strategies adopted by the existing market players to make a mark in the industry?
• Who are the key players in the fingerprint sensors market?
• What major opportunities do the fingerprint sensors companies foresee?
• What strategies are adopted by fingerprint sensors manufacturers to sustain or grow in the market?
• What are the impacts of recent big acquisitions in the fingerprint sensors market?
The company profiles section includes highlights of significant information about the key companies involved along with their corporate overview, financial summary, SWOT analysis, key strategies & developmental activities of recent years (2015-2017). Some of the key players are Synaptics, Precise Biometrics, Next Biometrics, NEC Corporation, Fingerprint Cards AB and Bio-Key International.
Executive Summary
Fingerprint sensors market has undergone a transformation in the last couple of years and these sensors offer security, ease of access and reliability. This form of authentication is considered to be one of the most viable deterrent to people with malevolent intentions. It has helped to identify known suspects traversing crowded security areas such as airports, railway stations and others. Further, multiple terror attacks have been prevented using the innovations in this physical security form.
North America being an early adopter of fingerprint sensors boasts of market worth XX.XX million. However APAC region being led by two developing nations, India and China is adopting the fingerprint sensors across various applications thus witnessing the fastest growth. The APAC region is expected to grow at a CAGR of XX.XX% to become a $XX.XX million market by 2023. Proliferation of smart phones coupled with government initiatives to adopt fingerprint sensors will drive the growth in the region.
In terms of fingerprint sensors split by technology, capacitive sensors had the largest share in 2016. However Optical sensors are expected to witness the fastest growth. Significant developments and innovations are taking place in optical sensors. A major factor that drives the growth of optical sensors is significant increase in demand of optical sensors across wide range of applications.
In terms of application, Mobile Devices had the largest share in 2016. However automotive segment is expected to grow fastest throughout growing at a CAGR of XX percent from 2017 to 2023. This growth can be attributed increasing interest of car manufacturers towards implementing fingerprint solutions in their cars so as to strengthen car's security.
Some of the key companies in the market are Synaptics, Precise Biometrics, Next Biometrics, NEC Corporation, Fingerprint Cards AB and Bio-Key International. These companies are actively aiming for an increased participation through partnerships and new product launches in order to expand their operations and offerings to target potential clientele.
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