Fingerprint
scanners are a type of biometric system which uses stored information
about a person’s unique fingerprint traits for authentication
purposes and to provide access to a system. These scanners are widely
used across various end-user segments including consumer electronics,
commercial, health care, and defense. The global fingerprint
scanner market is expected to witness robust growth from 2017 to
2025 owing to the product’s high accuracy and low cost. The
significant adoption of fingerprint scanners in cloud computing along
with their extensive use in smartphones are likely to boost the
demand for them in the next few years. In addition, fingerprint
scanner have significant application in online payment transaction
and in smartphone applications.
The
global fingerprint scanner market is predicted to expand rapidly
during the forecast period due to the emerging trend of the single
sign-in system which helps the user to log on to his or her computer
with a single touch of the finger rather than having to use a
password or login ID every time. It provides security; eliminates the
use of patterns, PIN codes, and passwords; and reduces threats
related to stealing, hacking, and misuse of data. The emergence of
mobile commerce is another important factor anticipated to drive the
market for fingerprint scanners during the forecast period. The
product offers advanced security in banking and other payment
applications for mobile users. Mobile payments are increasing
gradually with more people transferring money and shopping on phones.
For instance, application such as Apple Pay and Samsung Pay are
likely to drive the fingerprint scanner market.
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Despite
the multiple drivers, the lack of awareness among users regarding
security issues and absence of standardization in the process of
implementation & development of the technology are projected to
lower its adoption rate during the forecast period.
The
global fingerprint scanner market is classified on the basis of type
into the swipe and area & touch varieties. The latter is
estimated to expand at a high rate during the forecast period as it
is preferred by several OEMs due to its accuracy, smaller size, and
convenience. Based on technology, the fingerprint scanner market is
categorized into the capacitive & RF capacitive sensing, optical
sensing, and others segments. The capacitive & RF capacitive
sensing technology is predicted to dominate the market during the
forecast period due to its compactness and high accuracy. Based on
end-user, the fingerprint sensor market is divided into the following
categories: consumer electronics, aerospace & defense,
immigration, banking & finance, health care, and others. The
rising demand for consumer electronics is expected to drive this
segment during the forecast period besides the increasing use of
fingerprint sensors in laptops, tablets, and smartphones.
In
terms of geography, the global fingerprint scanner market has been
distributed over North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. North America held a major share in the
fingerprint scanner market in 2016. The market in Asia Pacific is
predicted to display growth during the forecast period due to the
burgeoning consumer electronics sector in the region. The government
here has started taking the initiative to implement biometric systems
due to security concerns. In October 2016, Japan’s Ministry of
Economy, Trade, and Industry planned to test cashless payment using
the fingerprint technology to make transactions easier and safer for
tourists. These are the primary propellants of the market in this
region.
Key
players operating in the global fingerprint scanner market include
Apple Inc. (The U.S), Synaptics Inc. (The U.S), Goodix Ltd. (China),
NEC Corporation (Japan), and Thales SA. (France), BioEnable
Technologies Pvt Ltd. (India), SecuGen Corporation (The U.S), HID
Global (The U.S), Fingerprint Cards AB (Sweden) among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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