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Global Fingerprint Sensors Market Forecast to Reach $14.35 Billion in 2020

Jan 8 2015

Research and Markets has announced the addition of the "Fingerprint Sensors Market by Type, Material, Application, and Geography - Global Trends & Forecasts to 2014 - 2020" report to their offering.

In 2013, the introduction of the first fingerprint sensor by Apple (U.S.) in the iPhone 5s triggered the growth of the fingerprint sensors market immensely. Soon after this launch, Samsung (South Korea) also entered the competition by launching the Samsung S5 with the fingerprint sensor technology. Owing to this, it is expected that the fingerprint sensors market is going to jump up to $14.35 billion in 2020.

Rapid technological developments, increasing demand for simple and secured access for users to their devices, mobile commerce, and high adoption rates of smartphones are the major drivers for such a high growth of the fingerprint sensors market. The fingerprint sensors market is estimated to grow at CAGR of 16.8% from 2014 to 2020. This escalation is developing the need to analyze, review, and to forecast the growth of the fingerprint sensors market. Fingerprint sensing technologies are, at present, more reliable and cost effective than all the other existing biometric technologies, which has diverted the attention of the leading biometrics manufacturers across the world.

The research published on fingerprint sensors covers different technologies such as optical, capacitive, thermal, and ultrasound that are witnessing rapid technological developments, which has improved the performance of fingerprint sensors. Technological improvements have increased the robustness of area sensors but manufacturing challenges have restrained their mass manufacturing and, as a result, the market price of an area sensor is as much as three times of the market price of a swipe sensor. There are several important trends that have been driving the technological innovations in the industry since its early days, and which, directly or indirectly, are driving the fingerprint sensors market, currently. The major trend that is driving the market is the size reduction of the fingerprint sensors, which enables their integration into mobile phone devices without sacrificing other functionalities.

The study elucidates the situation of fingerprint sensors in mobile devices markets, and demonstrates the application market of fingerprint sensors in smartphones, tablets, laptops, gaming consoles, and wearable devices, along with accurate market metrics. The study clarifies that, currently, the fingerprint applications' market size is highest for laptops but it is set to be overtaken by fingerprint applications' market size for smartphones by 2020, which is expected to grow at the highest CAGR of 56.4% from 2014 to 2020.

Lastly, the fingerprint sensors market research study is segmented on the basis of geography into North Americas, Europe, the Asia-Pacific (APAC), and Rest of the World (ROW). Among these, the U.S., Germany, Japan, China, U.K., and South Korea are the highest market sharing countries in the fingerprint sensors market.

Major companies that are covered in this report are Infineon Technologies AG (Germany), Atmel Corporation (U.S.), 3M Cogent (U.S.), AuthenTec, Inc. (U.S.), Bio-Key International, inc. (U.S.), Cross Match Technologies, Inc. (U.S.), DigitalPersona, Inc. (U.S.), Dermalog Identification Systems GmbH (Germany), Fingerprint Cards AB (Sweden), Fujitsu Ltd. (Japan), Fulcrum Biometrics LLC. (U.S.), Morpho SA (France), RCG Holdings Ltd. (Hong Kong), Seiko Epson Corporation (Japan), Sharp Corporation (Japan), Siemens AG (Germany), Sony Corporation (Japan), Suprema Inc. (South Korea), Thales SA (France), Murata Manufacturing Co. Ltd. (Japan), Validity Sensors, Inc.(U.S.), EgisTec Inc. (Taiwan), Idex ASA (Norway), and Henkel AG & Company, and KGaA (Germany).

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Fingerprint Sensor Market By Sensor Type and Sensor Technology

5 Market By Application

6 Market By Material

7 Market By Geoegraphy

8 Competitive Landscape

9 Company Profiles

Companies Mentioned: