Fingerprint Sensors Market Projected to grow at a CAGR of 19.0% over the Forecast Period 2016-2024

New York, USA, 2018-Dec-06 — /EPR Network/ — According to Goldstein Research, the Fingerprint Sensors Market is estimated to reach USD 13.80 billion by 2024, growing at a CAGR of 19.0% over the forecast period 2016-2024. Growing urbanization and increasing internet penetration across the world is also increasing the incidences of fraudulent cases.

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Thus it is boosting the demand for high security systems to protect person’s identity and important data, primarily for banking and e-commerce applications. Geographically, global fingerprint sensors industry is dominated by North America owing to highest sales of fingerprint sensors as recorded in the region. Moreover, growing end use industries in Asia Pacific region and increasing adoption of advance technologies tends to propel the demand in the region over the forecast period.

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Market Segmentation

Global Fingerprint Sensors Market can be segmented as follows:

Based on Sensor Type

  • Swipe Sensor
  • Area & Touch Sensor

Based on Sensor Technology Type

  • Optical Sensor Technology
  • Capacitive Sensor Technology
  • Ultrasonic Sensor Technology
  • Thermal Sensor Technology

Based on Application

  • Mobile Devices
  • Travel & Immigration
  • Aerospace & Defense
  • Healthcare
  • Banking & Finance
  • Others ( Commercial Security, Smart Homes)

By Region

  • North America Fingerprint Sensors Market Analysis, 2016-2024
  • Europe Fingerprint Sensors Market Analysis, 2016-2024
  • Middle East And Africa Fingerprint Sensors Market Analysis, 2016-2024
  • Latin America Fingerprint Sensors Market Analysis, 2016-2024
  • Asia Pacific Fingerprint Sensors Market Analysis, 2016-2024
  • Rest Of The World Fingerprint Sensors Market Analysis, 2016-2024

 

Fingerprint Sensors Market Report” contains a detailed overview of the global fingerprint sensors market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by sensor type, sensor technology type, application, and geography.

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The Global Fingerprint Sensors Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of fingerprint sensors market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global fingerprint sensors market discussed in the report are: Apple Inc., Synaptics Incorporated, Fingerprint Cards AB, Precise Biometrics, Next Biometrics, Egis Technology Inc., NEC Corporation, VKANSEE Technology, Goodix Ltd, Bio-Key International Inc., Atmel Corporation, Samsung Electronics Co., Ltd, HTC Corporation, LG Electronics, Integrated Biometrics, Inc., Idex ASA, Cross Match Holdings, Inc., etc.

Further, Global Fingerprint Sensors Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Fingerprint Sensors Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Global Fingerprint Sensors Market is driving on the basis of advancement in branches of below:

Maritime Security System Market

The Maritime Safety System Market is set to reach a market size of USD 33.25 billion by 2025, growing at a CAGR of 7.74% over the forecast period (2017-2025). The factors such as technology advancement, growing number of ships & vessels, rising global trade through waterways are primarily driving the growth in deployment of maritime safety systems.

Artificial Intelligence Market

With the digitization, enterprises are witnessed to shift towards smart & innovative technologies. Increasing adoption of advanced technologies by the organizations to read the algorithms and interpret the data is majorly driving the growth of global artificial intelligence market. The Artificial Intelligence Market size is expected to reach USD 14.2 billion by 2024 from an estimated market size of USD 525 million in 2015, growing at a CAGR of 17.2% over the forecast period 2016-2024.

Facial Recognition Market

Facial Recognition Market is expected to reach USD 9.75 billion by 2024, growing at a CAGR of 14.0% over the forecast period 2016-2024. The growing demand of surveillance and security system majorly from the civil government sectors on the back of rising criminal cases is driving the growth of global facial recognition market.

Biometric Market

wide acceptance of mobile payments based on biometric solution, bank access, implementation of biometrics for access control and smart payments are driving the growth of  Biometric Market. Further increasing spending by market players into connected Biometric enabled pieces of equipment are expected to propel the demand for Biometric in the near future.

AIS Market

AIS Market is expected to reach USD 233 billion by 2025, growing at a CAGR of 4.46% over the forecast period 2017-2025. The growth in the number of ships & vessels is increasing the implementation of AIS. Moreover, the globalization has led to increased waterways trade & commerce which has positively influenced the rising number of ships/vessels across the globe. Such factors are majorly driving the growth of the market.

Sensors Market

The Sensors Market is set to harness market revenue of USD 250 billion by 2025 growing at a CAGR of 11.60% over the forecast period (2017-2025).  Asia Pacific Sensors Market region accounted for the largest revenue share of 39.7% in 2017 of the global sensors market on the back of high industrial and economic development activities in the region including smart cities, robotics, smart industrial equipment among others.

 

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