Increasing Use of Sensors in Wireless Devices Drives the Global Silicon-Based Fingerprint Sensors Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Silicon-Based Fingerprint Sensors markets. The global market for Silicon-Based Fingerprint Sensors is projected to reach US$255 million by 2018, driven by technological advancements and growth in several Internet applications. Social networks’ demand for a robust mechanism for securing the digital identity of users represents another important growth driver.

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Silicon-Based Fingerprint Sensors: A Global Strategic Business Report

San Jose, California (PRWEB) September 24, 2012

Follow us on LinkedIn – Biometrics is a technique to identify one or more individuals by way of physiological traits or behavioral characteristics. Of the several techniques available such as hand geometry, iris/retinal scan, signature identification, keystroke dynamics/typing rhythms, face and voice recognition, fingerprinting is the most popular. The role of fingerprint authentication has grown considerably due to the rapid advancements in Internet technology and a significant increase in the number of web users. The use of passwords, which were earlier used widely for storing and accessing personal data on the web, is no longer a safer option. In order to address these security flaws, security specialists are constantly working towards developing fingerprint security systems for ensuring an extremely high level of accuracy during identification. Also, due to the introduction of a range of laptop PCs and wireless devices, there has been tremendous growth in the sharing and accessing of electronic data. This has led to the development of various applications for securing, storing, and transmitting such data.

The active involvement by major players and the increasing spend on R&D for the past several years have witnessed the introduction of advanced silicon-based fingerprint sensor products. Automated Fingerprint Identification Systems (AFIS) are widely used in law enforcement agencies around the world, where the collected fingerprints are matched against local, state, regional and/or national fingerprint databases. Healthcare industry is also a major user of AFIS for the identification of patients. Technological developments such as better matching capabilities and enhanced computing power have resulted in the expansion of AFIS to private sector enterprises.

Growth in social networks such as LinkedIn, Twitter, MySpace, and Facebook is increasing the demand for a user-friendly and secure mechanism for managing the users’ digital identity. Silicon-based fingerprint sensors are expected to hold significant potential in maintaining digital identities in cloud-based computing infrastructure. In the coming years, more services are expected to be accessed and aggregated via personalization and authentication events using sensors. Users are expected to increasingly use services such as Microsoft Live ID, Twitter API, OpenID, Facebook Connect, and Google ID for securely connecting the user to their personal accounts and other websites on the Internet.

As stated by the new market research report on Silicon-Based Fingerprint Sensors, Asia-Pacific represents the largest regional market in terms of value sales. Japan is projected to be the fastest growing market with a CAGR of about 19.1% over the analysis period, closely followed by the Asia-Pacific region. Localization of software is expected to drive growth in European and Asian regions, particularly in high growth markets such as China. Advanced swipe sensors, due to its lower form factor, are expected to be employed increasingly in devices such as mobile phones, laptops, and tablets PCs, among others. The ongoing advancements, mostly directed towards miniaturization of sensors, have resulted in lowering of production costs as well as enabling the application of sensors in a wider range of devices. Fingerprint technology is expected to remain as a market leader in the coming years mainly due to ease-of-use and cost factor.

Major players in the global marketplace include Atmel Corporation, AuthenTec Inc., Fingerprint Cards AB, Fujitsu Limited, Hangzhou Synochip Technologies Co. Ltd., IDEX ASA, Jiangsu Winch Corp. Ltd., Validity Sensors Inc., among others.

The research report titled “Silicon-Based Fingerprint Sensors: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, company profiles, mergers, acquisitions and other strategic industry activities. The report provides annual sales estimates and projections in US$ million for Silicon-Based Fingerprint Sensors for the years 2009 through 2018 for the following geographic markets - US, Canada, Japan, Europe, (France, Germany, UK, and Rest of Europe), Asia-Pacific, Middle East, and Latin America. Key segments analyzed include Swipe Sensors and Area Sensors, while key end-use segments analyzed in the report include Notebook PC, Physical Access, and Wireless.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Silicon_Based_Fingerprint_Sensors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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