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Sensor Market
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Opportunities,
Segmentation and Forecast,
2014 2020
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A fingerprint sensor captures extract biological features of the finger prints in the form of the
live scan and compares it with existing biometric template stored in the database. Fingerprint
sensors are used to provide authentication and authorization to the individual. Finger print
sensors are most commonly used biometric authentication system for commercial securities.
Fingerprints provide reliable, fast and easy access to personal contact details, payment
information, mails, location data and other form of encrypted data to authenticated person.
Fingerprint sensors are now increasingly used in consumer electronics like smartphones, tablets
and laptops and are expected to drive future market.
The fingerprint sensors offer many advantages such as wide acceptance, security, reliability
and ease of access. Fingerprint sensors also facilitate easy record keeping and management to
attendance portals.
The fingerprint sensors are comparatively less costly as compared to other biometric
authentication systems. They are easy to install and train people for using fingerprint sensors.
On other hand, fingerprint sensors suffer from some technical problems related to false
rejection and conditional physical disability.
Fingerprint Sensor Market Dynamics
The factors that drive the global fingerprint sensor market are - need for easy, simplified and
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Description
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secure user access to data & services and increasing demand for biometric identification and
authorization along different areas.
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The high market growth of consumer devices like smartphone, tablets etc. demand use of
fingerprint sensors to maintain privacy and security of data and access. Internet based online
and mobile commerce options has further enhanced the demand for fingerprint sensors
globally. On the other side, factors such as lack of awareness about security essentials &
constraints and complexity of integration of smartphone like devices with fingerprint sensors
can restrain the growth of fingerprint sensor market.
There has been increase in demand for fingerprint sensors for security checks in government
and corporate organizations. The global fingerprinting market is expected to show significant
double-digit growth rate during the forecast period due to rapid implantation of fingerprinting
based authentication system across different application areas especially by government.
There has been increase in demand for fingerprint sensors for security checks in government
and corporate organizations. The global fingerprinting market is expected to show significant
double-digit growth rate during the forecast period due to rapid implantation of fingerprinting
based authentication system across different application areas especially by government.
Report
Description
Report Description
Tremendous market opportunities are present in the development of less expensive fingerprint
sensors for a wide range of applications. There is an increase in adoption of integrated
fingerprint sensor based two-way authentication systems or multi-factor authentication systems
that can provide highly accurate security and access for the application areas which belong to
high-end security requirements. The global fingerprint sensor market is characterised by
numerous application areas and low competition.
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Report
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On the basis of application, the global fingerprint sensor market can be segmented into mobile
devices, law enforcement, military & defence, government, banking & finance and others.
Mobile device segment can be further sub segmented into smartphones, tablets, smart watches
and others. On the basis of region, the global fingerprint sensor market can be segmented into
North America, Latin America, Easter Europe, Western Europe, Asia pacific (excluding Japan),
Middle East & Africa and Japan as a separate region.
Fingerprint Sensor Market: Key Players
Major players of Fingerprint Sensor market are Fingerprint Cards AB, IDEX ASA, Cross Match
Holdings, Inc., Synaptics Incorporated, VKANSEE Technology, and Integrated Biometrics, Inc.
Countries such as U.S., U.K., Germany, China and South Korea have strong market share in global
fingerprint sensor market. The market is reporting successive collaborations between mobile
device manufacturers and fingerprint sensors manufacturers.
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