As a leading provider of market research reports and solutions, MarketResearch.com is pleased to highlight a report by Research Capsule, which found that the global market for fingerprint sensors in mobile devices is expected to be a multi-billion dollar market by 2019.
Fingerprint Sensors Market in Smart Mobile Devices 2012-2019 forecasts that 50% of smartphone shipments will have a fingerprint sensor by 2019. With more than 10 billion smartphones and tablets expected to ship during the next five years, the related component volumes will soar. Fingerprint sensors are expected to join the ubiquitous smartphone sensors, but market penetration will vary by device.
With the introduction of Apple Pay in 2014, mobile payment is going to be a primary driver for fingerprint sensors. The volumes are expected to be significant and attract both start-up and established telecom players to cater to this new market. Most of Apple's competitors have reacted quickly to match Apple's mobile payment lead in the market.
Samsung has recently unveiled its payment service coupled with a touch fingerprint sensor. And, other smart device vendors are expected to introduce similar features to their devices in the coming years.
Research Capsule's report examines current and planned usage of fingerprint sensors in all smartphones and tablets through 2019. The report breaks down sales volume and revenues by region: North America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa, and Latin America. Companies covered include: Qualcomm, AuthenTec, CrucialTec, Fingerprint Cards, IDEX, Next Biometrics, Validity Sensors, and Vkansee Technology.