Global Fingerprint Sensors Market to See 16.8% CAGR to 2020 Says a New Research Report Available at ReportsnReports.com
Dallas, TX (PRWEB) July 06, 2014 -- Global fingerprint sensors market is forecast 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 all the leading biometrics manufacturers across the world.
The research published on global fingerprint sensors market (http://www.reportsnreports.com/reports/291399-fingerprint-sensors-market-by-type-swipe-and-area-material-optical-prism-pizeoelectric-capacitiveand-adhesives-application-mobile-devices-government-defense-healthcare-commercial-security-and-banking-finance.html) 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 shows 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. Complete list of countries, information on which have been covered in this report, include U.S., Canada, Mexico, Germany, U.K., France, Italy, Australia, China, Japan, South Korea, India and more.
Major companies covered in "Fingerprint Sensors Market by Type (Swipe And Area), Material (Optical Prism, Pizeoelectric, Capacitive,and Adhesives), Application (Mobile Devices, Government, Defense, Healthcare, Commercial Security and Banking & Finance), and Geography - Global Trends & Forecasts to 2014 - 2020" research 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). Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=291399.
Fingerprint sensors are the leading biometric technology in consumer electronics, equipped with secured authentication system. In recent times, smartphones, tablets, and PDAs are becoming the most indispensable gadget of our everyday lives. Fingerprint sensors enable fast, secure, and reliable access to smartphone as lots of personal information like contacts, payment details, texts, location data, and mails are stored in some kind of encrypted form on the phone. The fingerprint sensors are having wide application not only in mobiles but also in areas such as government, criminal identification, defense, travel and migration, banking and finance, healthcare, smart homes, and commercial security.
Fingerprint sensor market by material category coverage of this report talks about Piezoelectric Material (Quartz), Pyro-Electric Material (Lithium Tantalate), Coating Material (Sapphire), Capacitive, Adhesives (Silicone, Epoxy, Urethane, UV Curable, Anaerobic), Optical Prism, Polybenzoxazole Material and Ultrasonic.
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