Fingerprint Sensors Market by Technology (Capacitive, Thermal, Optical) Global Forecast to 2022

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MarketsandMarkets Presents
Fingerprint Sensors Market by Type (Swipe, Area
Touch), Technology (Capacitive, Thermal,
Optical), Application (Mobile Devices, Travel
Immigration, Government, Military Defense,
Banking Finance) and Geography - Global
Forecast to 2022 The fingerprint sensors market
is expected to reach USD 8.85 Billion by 2022, at
a CAGR of 18.9 between 2016 and 2022. The
factors which are driving the growth of market
include government initiatives to adopt
biometrics in various fields, increasing
penetration of fingerprint sensors in mobile
devices, growing adoption of mobile commerce, and
increase in the usage of biometrics systems in
criminal identification. The banking finance
industry and IoT provide ample opportunities for
fingerprint sensors.
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Mobile device expected to hold a major share of
the fingerprint sensors market during the
forecast period Mobile devices are expected to
lead the fingerprint sensors market between 2016
and 2022. This growth is attributed to the
increasing demand for more secure mobile devices,
growing security concerns, rise in mobile
payments and mobile payment platforms such as
Samsung Pay, Apple Pay, Alipay, and WeChat Pay
among others. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.a
sp?id169519533 Banking finance expected to
grow at the highest CAGR between 2016 and
2022 The increased adoption of biometric
products and cards in the banking finance
application is expected to spur the growth of the
market in this segment. In June 2015, IDEX ASA
(Norway) entered into a strategic partnership
with a global payments company for the
development of a worldwide biometric payment card
program. Such developments are expected to drive
the biometric payment cards market during the
forecast period.
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APAC expected to dominate the fingerprint
sensors market between 2016 and 2022 Countries
such as China, South Korea, and India are majorly
driving the growth of the fingerprint sensors
market in Asia-Pacific. These countries have a
considerable market size and offer a significant
scope for the development of the fingerprint
sensors market. Asia-Pacific is home to more than
half of the worlds population. The rise of the
middle class in China and India and other major
emerging markets in the region largely drives the
consumer expenditure. Factors such as the large
population, rapid urbanization, rising disposable
income, and growing middle class in APAC region
are some of the drivers for the growth of the
market for fingerprint sensors in the consumer
electronics application in APAC. Report
Information http//www.marketsandmarkets.com/Ma
rket-Reports/fingerprint-sensors-market-169519533.
html The major players in the fingerprint
sensors market include Apple Inc. (U.S.),
Fingerprint Cards AB (Sweden), Synaptics Inc.
(U.S.), Goodix Ltd. (China), Egis Technology Inc.
(Taiwan), Silead Inc. (China), IDEX ASA (Norway),
Safran Identity Security (France), Thales SA
(France), Suprema Inc. (South Korea), Dermalog
Identification Systems GmbH (Germany), Crossmatch
(U.S.), NEC Corp. (Japan), and 3M Cogent Inc.
(U.S.).
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