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The Global Fingerprint Sensor Market size is expected to reach $8.9 billion by 2023, rising at a market growth of 17% CAGR during the forecast period. A fingerprint sensor is a biometric security device that is used in identifying fingerprint scans of an individual for authentication purposes to grant or deny access to a computer system or a physical facility. Fingerprint sensors are used in capturing digital image of the fingerprint pattern, called a live scan, and is digitally processed to form a biometric template which is stored and later used to match patterns. The widespread adoption of fingerprint sensors in smartphones and other consumer electronics, favorable government policies supporting the adoption of fingerprint sensors, and use of biometrics in mobile commerce are the factors that drive the growth of the market.
Based on Technology, the Fingerprint Sensor market segments the market into Capacitive, Thermal, Optical, and Others. Based on Vertical, the Fingerprint Sensor market segments the market into Consumer Electronics, Government & Defense, BFSI, Healthcare, Commercial Security, Smart Homes, Travel & Immigration, and Others. Based on Regions, the Fingerprint Sensor market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the competition analysis of key stake holders of the Global Fingerprint Sensor Market. Key companies profiled in the report include Apple, Inc., Synaptics Incorporated, Fingerprint Cards AB, NEC Corporation, Precise Biometrics, IDEMIA, NEXT Biometrics Group, Anviz Global, IDEX ASA, and Gemalto NV.