Fingerprint Module Market Size, Share, Growth, Outlook, and Opportunity Analysis, Forecast 2018 - 2026

                                                                              
A fingerprint sensor is a biometric security system component that scans a person's fingerprints, which are then used to authenticate their identity.

                  Fingerprint Module Market


A fingerprint sensor is a biometric security system component that scans a person's fingerprints, which are then used to authenticate their identity. It takes high-contrast fingerprint images, converts them to digital code, and stores them as fingerprint minutiae. The fingerprint sensor is quick, dependable, convenient, and inexpensive, and it can be seamlessly integrated into a variety of devices. As a result, it is used in the consumer electronics, government and law enforcement, aerospace, healthcare, defence and military, banking, financial services and insurance (BFSI), travel, and immigration industries all over the world.

A significant shift away from traditional authentication methods such as passwords and toward biometric technology to reduce losses from banking fraud is a key trend characterising the growth of the fingerprint module market. This technology is being used by credit unions, banks, and financial services firms to improve security and convenience in modern banking. Even during the coronavirus pandemic, strong demand for consumer electronics such as smartphones and tablets will broaden the fingerprint sensor application scope in the coming years.

Factors such as the widespread use of fingerprint sensors for biometric authentication in consumer electronics, the increased adoption of biometric authentication in government buildings, the rise in the number of identity threats, and the emergence of touch-less fingerprint technologies are major drivers of global fingerprint module market growth. However, security threats to biometric databases and the high cost of biometric technologies are expected to pose significant threats to the market. Furthermore, emerging trends toward IoT-based biometric technology, as well as an increase in the adoption of in-display fingerprint sensors in smartphones, are expected to provide lucrative opportunities globally.


Market Segmentation:

On the basis of product type
  • Fingerprint readers
  • Fingerprint scanners

On the basis of end users
  • Banks
  • Government organization
  • Telecommunication firms
  • Hospitals
  • IT Industry
  • Others

On the basis of devices
  • Smart phones
  • Tablet pc
  • Laptops
  • multimodal biometric readers
Some major companies of the global fingerprint module market are Bioenable technologies pvt ltd, Cross Match Technologies, Inc, Fingerprint Cards AB, Fulcrum Biometrics, LLC, HID Global, Suprema HQ, 360 Biometrics, Futronic Technology Company Limited, Liteon, Shenzhen CAMA Biometrics Co., Ltd.

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