London, UK -- (SBWIRE) -- 06/04/2015 -- Fingerprint Sensor Market Overview

A fingerprint sensor is a tool used for biometric authentication. 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.

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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 secure user access to data & services and increasing demand for biometric identification and authorization along different areas. 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.

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.

Fingerprint Sensor Market Segmentation

The global fingerprinting sensor market is segmented on the basis of sensor type, material used, applications and geography. Based on sensor type, global fingerprinting sensor market is categorized into – Swipe sensors and area sensors. Based on material used, global fingerprinting sensor market is categorized into - Optical prism, ultrasonic, Adhesives, piezoelectric and capacitive. Based on application, global fingerprinting sensor market is categorized into - Mobile devices, banking and finance, defence, government, commercial security, Smart homes, Healthcare and others. Based on geography, global fingerprinting sensor market is divided into- North America, Latin America, Easter Europe, Western Europe, Asia pacific Japan and Middle East &Africa.

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Fingerprint Sensor Market: Key Players

Major players of Fingerprint Sensor market are AuthenTec Inc. (owned by Apple, Inc.), Infineon Technologies AG (Germany), Synaptics (U.S.), EyeTicket, Seiko Epson Corporation (Japan), Cyber-SIGN, Veridicom, Fingerprint Cards AB, Atmel Corporation, Fujitsu Ltd., Thales SA, Fulcrum Biometrics LLC., Cross Match Technologies, Inc., IrScan, Identix, Communication Intelligence Corporation (CIC), International Digital Holding (TrueTouch), Technologies, Litronic, Interlink Electronics, Motorola, VeriSign, Visionics Corporation and Taiwan Semiconductor Manufacturing Company. U.S., U.K., Germany, China and South Korea have the highest market share in global fingerprint sensor market. The global fingerprinting sensor market is reporting successive collaborations between mobile device manufacturers and fingerprint sensors manufacturers.

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