Fingerprint Sensors Market by Type - 2020 | MarketsandMarkets

1. MarketsandMarkets Presents Fingerprint Sensors Market Research Report & Trend - Global Forecast to 2020 The fingerprint sensors market is expected to grow at a CAGR of 17.1% between 2015 and 2020. It was valued at $5.5 Billion in 2014 and is projected to reach $14.5 Billion by 2020. In terms of shipments, the market is projected to reach ~10 Billion by 2020, at CAGR of double digits between 2015 and 2020.

2. The fingerprint sensing technology is one of the most widely deployed biometrics techniques. It is widely being used in various industry verticals such as defense, healthcare, commercial segment, and mobile applications among others. It helps provide convenient security solutions that eliminate the requirement for passwords, patterns, and PIN codes and to release the user from various issues such as remembering several passwords. Additionally, it also helps in the reduction of threats related to hacking, stealing, and misuse of users’ data. Sample pages of the Report : http://www.marketsandmarkets.com/requestsample.asp?id=169519533 The Global Trend For Fingerprint Sensors Market : The fingerprint sensors market report describes the market trends, drivers, and challenges with respect to the fingerprint sensors and forecasts the market till 2020, based on type, material, technology, application, and geography. It provides a bird’s eye-view of the market across various regions such as North America, Europe, APAC, and RoW. North America is the largest market for fingerprint sensors and is expected to hold a major market share in 2014, with the U.S. occupying the largest market share. However, the growth rate of the North American market is expected to decline by 2020, with APAC expected to lead the said market. The market for fingerprint sensors in APAC is expected to grow at the highest CAGR of 23.6% between 2015 and 2020.

3. The Major Players for fingerprint sensors market : The major players in the fingerprint sensors market include Fingerprint Cards AB (Sweden), Morpho (France), Synaptics Inc. (U.S.), 3M Cogent, Inc. (U.S.), IDEX ASA (Norway), Bio-Key International, Inc. (U.S.), Crossmatch (U.S.), ekey biometric systems (Slovenia), BioEnable Technologies Pvt. Ltd. (India), Next Biometrics Group ASA (Norway), and DERMALOG Identification Systems GmbH (Germany). Report Information : http://www.marketsandmarkets.com/Market-Reports/fingerprint-sensors-market-169519533.html Fingerprint sensing technology has been considered to be one of the most reliable & cost effective biometrics technologies. Currently, the demand for fingerprint sensors is expected to register a rapid growth which would be majorly driven by its application in mobile applications, government, defense & military, banking & finance, travel & migration, criminal identification, healthcare, smart homes, and commercial security. Additionally, fingerprint sensors are of better quality, cheaper, and more reliable compared to other biometrics technologies. Thus, the said market is expecting to witness double digit growth rate in the coming five years.

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