HOME Top Market Reports Fingerprint Sensors Market by Type (Swipe, Area & Touch), Technology (Capacitive, Thermal, Optical), Application (Mobile Devices, Travel & Immigration, Government, Military & Defense, Banking & Finance) and Geography - Global Forecast to 2022

Fingerprint Sensors Market by Type (Swipe, Area & Touch), Technology (Capacitive, Thermal, Optical), Application (Mobile Devices, Travel & Immigration, Government, Military & Defense, Banking & Finance) and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: SE 3536

 

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The fingerprint sensors market was valued at USD 2.94 Billion in 2015 and is expected to reach USD 8.85 Billion by 2022, growing at a CAGR of 18.9% between 2016 and 2022. The market size, in terms of volume, is expected to grow from 649.1 Million in 2015 to 3,252.1 Million by 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.

The objective of the study is to provide a detailed analysis of the fingerprint sensors market on the basis of types, technologies, applications, and geography. This report forecasts the market size, in terms of value, of various segments with regard to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). It strategically profiles the key players and comprehensively analyzes their market rankings and core competencies, along with the detailed competitive landscape for the market leaders.

The research methodology used to estimate and forecast the fingerprint sensors market begins with capturing data on key vendor revenue through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the below figure:

Fingerprint Sensors Market

To know about the assumptions considered for the study, download the pdf brochure

The fingerprint sensor ecosystem comprises material providers, OEMs, system integrators, software providers, and distributors. The players involved in the development of fingerprint sensors include Apple Inc. (U.S.), Fingerprint Cards AB (Sweden), Synaptics Inc. (U.S.), Goodix Ltd. (China), Egis Technology Inc. (Taiwan), Silead Inc. (China), IDEX ASA (Norway), Safran Identity & Security (France), Thales SA (France), Suprema Inc. (South Korea), Dermalog Identification Systems GmbH (Germany), Crossmatch (U.S.), NEC Corp. (Japan), and 3M Cogent Inc. (U.S.)

Target Audience of the Report:

  • Associations, organizations, forums, and alliances
  • Component manufacturers
  • Original equipment manufacturers
  • Research organizations and consulting companies
  • Technology investors
  • Software providers
  • System integrators

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the global fingerprint sensors market on the basis of type, technology, application, and geography.

Fingerprint Sensors Market, by Type:

  • Swipe Sensor
  • Area & Touch Sensor

Fingerprint Sensors Market, by Technology:

  • Capacitive & RF Capacitive
  • Thermal
  • Optical
  • Others

Fingerprint Sensors Market, by Application:

  • Mobile Devices/Consumer Application
  • Travel & Immigration
  • Government and Law Enforcement
  • Military, Defense, and Aerospace
  • Banking & Finance
  • Healthcare
  • Smart Homes
  • Commercial Security
  • Others

Fingerprint Sensors Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Years Considered
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Report Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Fingerprint Sensors Market to Grow at A High Rate During the Forecast Period
    4.2 Market, By Technology
    4.3 Market, By Region and Application
    4.4 Market: Geographical Snapshot (2015)

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Fingerprint Sensors Market, By Type
           5.2.2 Market, By Technology
           5.2.3 Market, By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Government Initiatives to Adopt Biometrics in Various Fields
                    5.3.1.2 Increasing Usage of Fingerprint Sensors in Smartphones and Other Consumer Electronics
                    5.3.1.3 Need for Secured and Simplified User Access
                    5.3.1.4 Rapid Growth in Mobile Commerce
                    5.3.1.5 Increase in the Usage of Biometrics Systems for Criminal Identification
           5.3.2 Restraints
                    5.3.2.1 Lack of Awareness Among the Users Regarding Security Constraints
           5.3.3 Opportunities
                    5.3.3.1 Emerging Application Areas of Fingerprint Sensors in Iot
                    5.3.3.2 Growing Opportunities for Fingerprint Sensors in the Banking & Finance Industry
           5.3.4 Challenge
                    5.3.4.1 Size, Performance, and Reliability Issues of Fingerprint Sensors

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis: Fingerprint Sensors Market
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of Substitutes
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Competitive Rivalry

7 Fingerprint Sensors Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Swipe Sensors
    7.3 Area & Touch Sensors

8 Fingerprint Sensors Market, By Technology (Page No. - 54)
    8.1 Introduction
    8.2 Capacitive and RF Capacitive Sensing Technology
    8.3 Optical Sensing Technology
    8.4 Other Sensing Technologies

9 Materials Used in Fingerprint Sensors (Page No. - 58)
    9.1 Introduction
    9.2 Piezeoelectric Material (Quartz)
    9.3 Pyroelectric Material (Lithium Tantalate)
    9.4 Adhesives
           9.4.1 Silicon
           9.4.2 Epoxy Resins
           9.4.3 Urethane
           9.4.4 Anaerobic
    9.5 Coating Material

10 Fingerprint Sensors Market, By Application (Page No. - 60)
     10.1 Introduction
     10.2 Consumer Electronics/Mobile Devices
             10.2.1 Smartphones
             10.2.2 Laptops/ Notebooks/Tablets
             10.2.3 Wristbands and Smartbands
             10.2.4 Usb Flash Dirves
             10.2.5 Other Consumer Electronics
     10.3 Travel & Immigration
     10.4 Government & Law Enforcement
     10.5 Military, Defense, & Aerospace
     10.6 Banking & Finance
     10.7 Commercial
     10.8 Healthcare
     10.9 Smart Homes
     10.10 Others

11 Geographic Analysis (Page No. - 84)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 South Korea
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 Latin America
             11.5.2 Middle East & Africa

12 Competitive Landscape (Page No. - 123)
     12.1 Market Player Ranking Analysis of the Fingerprint Sensors Market
     12.2 New Product Launches
     12.3 Expansions
     12.4 Agreements/ Contracts/Collaborations/ Partnerships
     12.5 Mergers & Acquisitons

13 Company Profiles (Page No. - 128)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     13.1 Introduction
     13.2 Apple Inc.
     13.3 Synaptics Inc.
     13.4 Fingerprint Cards AB
     13.5 Goodix Ltd
     13.6 Egis Technology Inc.
     13.7 Silead Inc.
     13.8 Idex ASA
     13.9 Safran Identity & Security (Morpho)
     13.10 Thales SA
     13.11 Suprema Inc.
     13.12 Dermalog Identification Systems GmbH
     13.13 Crossmatch
     13.14 3M Cogent Inc.
     13.15 NEC Corporation

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 168)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports


List of Tables (70 Tables)

Table 1 Currency Table
Table 2 Fingerprint Sensors Market, By Type
Table 3 Market, By Technology
Table 4 Market, By Application
Table 5 Market, By Type , 2014–2022 (Million Units)
Table 6 Market, By Technology, 2014–2022 (USD Million)
Table 7 Market, By Application, 2014–2022 (USD Million)
Table 8 Market, By Application, 2014–2022 (Million Units)
Table 9 Market for Consumer Electronics/Mobile Devices Application, By Technology, 2014–2022 (USD Million)
Table 10 Fingerprint Sensors Market for Consumer Electronics/Mobile Devices Application, By Region, 2014–2022 (USD Million)
Table 11 Market for Travel & Immigration Application, By Technology, 2014–2022 (USD Million)
Table 12 Market for Travel & Immigration Application, By Region, 2014–2022 (USD Million)
Table 13 Fingerprint Sensors Market for Government & Law Enforcement Application, By Technology, 2014–2022 (USD Million)
Table 14 Market for Government & Law Enforcement Application, By Region, 2013–2022 (USD Million)
Table 15 Market for Military, Defense, & Aerospace Application, By Region, 2014–2022 (USD Million)
Table 16 Market for Banking & Finance Application, By Technology, 2014–2022 (USD Million)
Table 17 Market for Banking & Finance Application, By Region, 2014–2022 (USD Million)
Table 18 Market for Commercial Security Application, By Technology, 2014–2022 (USD Million)
Table 19 Market for Commercial Security Application, By Region, 2014–2022 (USD Million)
Table 20 Market for Healthcare Application, By Technology, 2014–2022 (USD Million)
Table 21 Market for Healthcare Application, By Region, 2014–2022 (USD Million)
Table 22 Market for Smart Homes Application, By Technology, 2014–2022 (USD Million)
Table 23 Market for Smart Homes Application, By Region, 2014–2022 (USD Million)
Table 24 Market for Other Applications, By Technology, 2014–2022 (USD Million)
Table 25 Market for Other Applications, By Region, 2014–2022 (USD Million)
Table 26 Market, By Region, 2014–2022 (USD Million)
Table 27 Market in North America, By Country, 2014–2022 (USD Million)
Table 28 Market in North America for Consumer Electronics/Mobile Devices Application, By Country, 2014–2022 (USD Million)
Table 29 Fingerprint Sensors Market in North America for Travel & Immigration Application, By Country, 2014–2022 (USD Million)
Table 30 Market in North America for Government & Law Enforcement Application, By Country, 2014–2022 (USD Million)
Table 31 Fingerprint Sensors Market in North America for Military, Defense, & Aerospace Application, By Country, 2014–2022 (USD Million)
Table 32 Market in North America for Banking & Finance Application, By Country, 2014–2022 (USD Million)
Table 33 Market in North America for Healthcare Application, By Country, 2014–2022 (USD Million)
Table 34 Fingerprint Sensors Market in North America for Smart Homes Application, By Country, 2014–2022 (USD Million)
Table 35 Market in North America for Commercial Security Application, By Country, 2014–2022 (USD Million)
Table 36 Fingerprint Sensors Market in North America for Other Applications, By Country, 2014–2022 (USD Million)
Table 37 Market in Europe, By Country, 2014–2022 (USD Million)
Table 38 Market in Europe for Consumer Electronics/Mobile Devices Application, By Country, 2014–2022 (USD Million)
Table 39 Fingerprint Sensors Market in Europe for Travel & Immigration Application, By Country, 2014–2022 (USD Million)
Table 40 Market in Europe for Government & Law Enforcement Application, By Country, 2014–2022 (USD Million)
Table 41 Fingerprint Sensors Market in Europe for Military, Defense, & Aerospace, By Country, 2014–2022 (USD Million)
Table 42 Market in Europe for Banking & Finance Application, By Country, 2014–2022 (USD Million)
Table 43 Market in Europe for Healthcare Application, By Country, 2014–2022 (USD Million)
Table 44 Fingerprint Sensors Market in Europe for Smart Homes Application, By Country, 2014–2022 (USD Million)
Table 45 Market in Europe for Commercial Security Application, By Country, 2014–2022 (USD Million)
Table 46 Market in APAC, By Country, 2014–2022 (USD Million)
Table 47 Market in APAC for Consumer Electronics/Mobile Devices Application, By Country, 2014–2022 (USD Million)
Table 48 Market in APAC for Travel & Immigration Application, By Country, 2014–2022 (USD Million)
Table 49 Market in APAC for Government & Law Enforcement Application, By Country, 2014–2022 (USD Million)
Table 50 Market in APAC for Military, Defense, & Aerospace Application, By Country, 2014–2022 (USD Million)
Table 51 Market in APAC for Banking & Finance Application, By Country, 2014–2022 (USD Million)
Table 52 Fingerprint Sensors Market in APAC for Healthcare Application, By Country, 2014–2022 (USD Million)
Table 53 Market in APAC for Smart Homes Application, By Country, 2014–2022 (USD Million)
Table 54 Fingerprint Sensors Market in APAC for Commercial Security Application, By Country, 2014–2022 (USD Million)
Table 55 Market in APAC for Other Applications, By Country, 2014–2022 (USD Million)
Table 56 Market in RoW, By Region, 2014–2022 (USD Million)
Table 57 Market in RoW for Consumer Electronics/Mobile Devices Application, By Region, 2014–2022 (USD Million)
Table 58 Fingerprint Sensors Market in RoW for Travel & Immigration Application, By Region, 2014–2022 (USD Million)
Table 59 Market in RoW for Government & Law Enforcement Application, By Region, 2014–2022 (USD Million)
Table 60 Fingerprint Sensors Market in RoW for Military, Aerospace, & Defense Application, By Region, 2014–2022 (USD Million)
Table 61 Market in RoW for Banking & Finance Application, By Region, 2014–2022 (USD Million)
Table 62 Market in RoW for Healthcare Application, By Region, 2014–2022 (USD Million)
Table 63 Market in RoW for Smart Homes Application, By Region, 2014–2022 (USD Million)
Table 64 Fingerprint Sensors Market in RoW for Commercial Security Application, By Region, 2014–2022 (USD Million)
Table 65 Market in RoW for Other Applications, By Region, 2014–2022 (USD Million)
Table 66 Key Player Rank for Market for Mobile Devices
Table 67 New Product Launches, 2015–2016
Table 68 Expansions, 2015–2016
Table 69 Agreements/Joint Ventures/Partnerships , 2015–2016
Table 70 Mergers & Acquisitions, 2012–2014


List of Figures (71 Figures)

Figure 1 Fingerprint Sensors Market
Figure 2 Global Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Fingerprint Sensors Market, By Technology (2015 vs 2022)
Figure 7 Market, By Application (2016–2022)
Figure 8 Market, By Geography, 2015
Figure 9 Growth Opportunities for the  Market Between 2016 and 2022
Figure 10 Market for Capacitive & RF Capacitive Technology Expected to Grow at the Highest Rate During the Forecast Period (2016–2022)
Figure 11 North America Held the Major Share of the Global Market in 2015
Figure 12 U.S. Held the Largest Share of the Global Fingerprint Market in 2015
Figure 13 Increasing Usage of Fingerprint Sensors in Smartphones is Driving the Growth of the Market
Figure 14 Value Chain Analysis of the Market: Major Value is Added By Component Manufacturers and Product Manufacturers
Figure 15 Porter’s Five Forces Analysis: Market (2015)
Figure 16 Porter’s Five Forces Analysis: Market
Figure 17 Bargaining Power of Suppliers
Figure 18 Bargaining Power of Buyers
Figure 19 Threat of Substitutes
Figure 20 Threat of New Entrants
Figure 21 Intensity of Competitive Rivalry
Figure 22 Area & Touch Sensors Expected to Lead the Market During the Forecast Period
Figure 23 Capacitive & RF Capacitive Technology Expected to Dominate the Market During the Forecast Period
Figure 24 Consumer Electronics/Mobile Devices Application to Lead the Market During the Forecast Period
Figure 25 Capacitive & RF Capacitive Technology to Grow at the Highest Rate in the Market for Consumer Electronics/Mobile Devices
Figure 26 APAC to Lead the Market for Consumer Electronics/Mobile Devices Application By 2022
Figure 27 APAC Market for Fingerprint Sensors for Travel & Immigration Application to Grow at the Highest Rate During Forecast Period
Figure 28 Capacitive & RF Capacitive Technology to Dominate the Market for Government & Law Enforcement (2016–2022)
Figure 29 APAC Expected to Witness the Highest Growth in the Market for Government & Law Enforcement Application
Figure 30 North America to Lead the Market for the Military, Defense, & Aerospace Application During the Forecast Period
Figure 31 Capacitive & RF Capacitive Technology to Dominate the Market for Banking & Finance Application During the Forecast Period
Figure 32 APAC Market for Fingerprint Sensors to Grow at the Highest Rate for the Banking and Finance Application (2016–2022)
Figure 33 APAC Market for Fingerprint Sensors in the Commercial Security Application to Grow at the Highest Rate Between 2016 and 2022
Figure 34 North America to Dominate the Fingerprint Sensors Market for Healthcare Application During the Forecast Period
Figure 35 North America to Dominate the Market for Smart Homes Application (2016–2022)
Figure 36 Geographic Snapshot for the Market, 2016–2022
Figure 37 APAC Expected to Be the Leading Market for Fingerprint Sensors By 2022
Figure 38 U.S. Expected to Dominate the North American Fingerprint Sensors Market
Figure 39 U.S. to Dominate the Market for Consumer Electronics/Mobile Devices Application (2016–2022)
Figure 40 U.S. Expected to Dominate the North American Fingerprint Sensors Market for the Travel & Immigration Application During the Forecast Period
Figure 41 U.S. to Dominate the North American Fingerprint Sensors Market for Government & Law Enforcement Application
Figure 42 North American Fingerprint Sensors Market for Banking & Finance Application to Grow at A Significant Rate for During the Forecast Period
Figure 43 Germany to Dominate the European Fingerprint Sensors Market During the Forecast Period
Figure 44 German Market for Consumer Electronics/Mobile Devices Application to Grow at A Significant Rate During the Forecast Period
Figure 45 Germany & U.K. to Hold the Top 2 Positions for Travel & Immigration Applciation of Market (2016–2022)
Figure 46 Germany to Lead the Government & Law Enforcement Application of Market
Figure 47 Market in Germany and U.K. to Grow at Significant Rates for the Banking & Finance Application
Figure 48 APAC: Market Snapshot (2016–2022)
Figure 49 China to Lead the APAC Fingerprint Sensors Market During the Forecast Period
Figure 50 China and India to Witness High Growth for the Market for Consumer Electronics/Mobile Devices Application
Figure 51 China to Dominate the Market for Travel & Immigration Application During the Forecast Period
Figure 52 China and India to Witness High Growth Rates in the APAC Fingerprint Sensors Market for Government & Law Enforcement Application
Figure 53 China and Japan to Witness High Growth Rate in the Market for the Banking & Finance Application Between 2016 and 2022
Figure 54 Middle East & Africa to Have Significant Growth Opportunities for the Market During the Forecast Period
Figure 55 Latin America to Lead the Market for Consumer Electronics/Mobile Devices Application in RoW
Figure 56 Middle East & Africa to Lead the Market for Travel & Immigration Application in RoW Between 2016 and 2022
Figure 57 Middle East & Africa to Lead the RoW Fingerprint Sensors Market for Government & Law Enforcement Application
Figure 58 Market in RoW for Military, Defense, & Aerospace Application (2016–2022)
Figure 59 Middle East & Africa to Witness High Growth in the RoW Market for the Smart Homes Application of Fingerprint Sensors
Figure 60 New Product Launches Was the Key Growth Strategy Over the Last Four Years (2011–2015)
Figure 61 Battle for Market Share: Agreement/Collaboration/Strategic Partnership Was the Key Strategy
Figure 62 Business Overview: Apple Inc.
Figure 63 SWOT Analysis: Apple Inc.
Figure 64 Synaptics Inc. : Company Snapshot
Figure 65 SWOT Analysis: Synaptics Inc.
Figure 66 Fingerprint Cards AB: Company Snapshot
Figure 67 SWOT Analysis: Fingerprint Cards AB
Figure 68 Business Overview: Idex ASA
Figure 69 SWOT Analysis: Safran Identity & Security (Morpho)
Figure 70 Thales SA: Company Snapshot.
Figure 71 NEC Corporation: Company Snapshot

The fingerprint sensors market is expected to reach USD 8.85 Billion by 2022, at a CAGR of 18.9% between 2016 and 2022. The growth of this market is propelled by government initiatives to adopt biometrics in various fields, increasing penetration of fingerprint sensors in smartphones, need for secured and simplified user access, growing adoption of mobile commerce, and increase usage of biometrics systems in criminal identification. The emerging application areas for fingerprint sensors such as Internet of Things (IoT) and the increasing adoption of fingerprint sensors in the banking & finance industry, including smart cards, are some of the factors that would provide huge growth opportunities for the fingerprint sensors market in the near future.

The mobile devices/consumer application is expected to dominate the fingerprint sensors market during the forecast period. The growing security concerns and increasing mobile payment platforms such as Samsung Pay, Apple Pay, ZTE Pay, Alipay, and WeChat Pay further drive the growth of this segment. The growing penetration of fingerprint sensors in smartphones, laptops, tablets, smart watches, smart bands, and other consumer electronics fuels the growth of the fingerprint sensors market in this segment.

The market for banking & finance is expected to grow at the highest rate during the forecast period owing to the increasing penetration of fingerprint sensors in smart cards which can act as credit or debit cards. Due to the increasing cases of card fraudulence, there is a growing demand for more secure solutions such as smart cards. In June 2015, IDEX ASA (Norway) entered into a strategic partnership with a global payments company for the development of a worldwide biometric payment card program. Such developments are expected to drive the biometric payment cards market during the forecast period

The area & touch sensor is expected to dominate the fingerprint sensors market in the near future. Touch sensors are preferred by many OEMs in the market owing to their advantages over swipe sensors such as smaller size, convenience, accuracy, and so on.

Capacitive & RF capacitive fingerprint sensors are expected to lead market by 2022. Most of the OEMs prefer to embed fingerprint scanners based on capacitive & RF capacitive sensing technology in their phones owing to the compactness of the sensor and greater accuracy. For example, Apple started implementing capacitive sensors in its all iPhones starting with iPhone 5s.

Fingerprint Sensors Market

APAC is expected to be the leading and fastest-growing market for fingerprint sensors market during the forecast period. The growing consumer electronics market in the APAC region is one of the driving factors behind the growth of this region. The increased penetration of smartphones in South Korea, China, and India fuels the market for fingerprint sensors in the APAC region.

However, the lack of awareness among customers regarding the higher security offered by fingerprint sensors is one of the major restraining factors for the growth of this market.

The key strategies adopted by the major players in the fingerprint sensors market include agreements, contracts, collaborations, and partnerships to increase their presence in the market. Synaptics Inc. (U.S.), Fingerprint Cards AB (Sweden), IDEX ASA (Norway), and Safran Identity & Security (France) are some of the major companies that have adopted these strategies to achieve growth in the market. For instance, Morpho (Safran Group) collaborated with Visa Inc. (U.S.) to develop innovative security solutions using technologies such as biometric recognition for the mobile banking and payment market.

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