Global Fingerprint Sensor Markets, 2019-2024: Focus on Consumer Electronics, Banking & Finance, Government & Law Enforcement, Commercial, Smart Homes
DUBLIN, Oct. 14, 2019 /PRNewswire/ -- The "Fingerprint Sensor Market by Technology (Capacitive, Optical, Thermal, Ultrasonic), Type (Touch, Swipe), Application (Consumer Electronics, Banking & Finance, Government & Law Enforcement, Commercial, Smart Homes), and Region-Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Fingerprint Sensor Market Size Projected to Grow from USD 3.5 Billion in 2019 to USD 7.1 Billion by 2024, Recording a CAGR of 15.3%
Increasing adoption of fingerprint sensors in consumer devices to drive the growth of the fingerprint sensor market
Extensive use of fingerprint sensors in consumer devices for biometric authentication, high adoption of biometrics by government bodies as part of enhanced security, and digitization in the time & attendance capturing are driving the growth of the fingerprint sensor industry. However, constraints such as threats pertaining to the biometric database in any organization may hinder market growth.
Fingerprint sensing technology is unique and highly secure. Fingerprint scanners are used to lock/unlock the devices and apps, without needing to remember the passwords. They are easy to operate, affordable, and faster to set up. Fingerprint sensors have become popular in applications including smartphones, smart devices, access control systems, payment cards, smart appliances, and vehicles.
Fingerprint sensors can be classified into different categories, depending on their function and applicability among various end-use applications. In this report, the fingerprint sensor market has been segmented into type, technology, end-use application, and region. These market segments are further analyzed on the basis of market trends across 4 regions considered in this study.
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