DALLAS, June 25, 2015 /PRNewswire/ --
According to a new market research report "Fingerprint Sensors Market by Type (Swipe & Area), Technology, Material (Optical Prism, Piezoelectric, Capacitive & Adhesives), Application (Mobile, Government, Healthcare, Commercial Security & Others) & Geography - Global Forecast to 2014 - 2020", published by marketsandmarkets, the said market is expected to reach $14,500.07 Million by 2020, at a CAGR of 17.1%.
Browse 76 market Tables and 109 Figures spread through 225 Pages and an in-depth TOC on"Fingerprint Sensors Market"
Early buyers will receive 10% customization on this report.
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.
Speak to Analyst @http://www.marketsandmarkets.com/speaktoanalyst.asp?id=169519533
The Fingerprint Sensors Market was valued at $5.5 Billion in 2014 and is projected to grow till $14.5 Billion by 2020. This market is expected to grow at a CAGR of 17.1% between 2015 and 2020. Additionally, in terms of shipments, the fingerprint sensors market is projected to reach ~10 Billion till 2020, at a double digit CAGR between 2015 and 2020. The rapid growth in the market size is due to the successful application of fingerprint sensors in smartphones, tablets, and other electronics consumer goods.
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.
The competitive landscape of the market presents valuable insights about various players in the Fingerprint Sensors Market. The fingerprint sensors market report profiles the 10 promising players in the market and further explains their business overview, product portfolio, recent developments, and key strategies. The market is witnessing new product developments and agreements, partnerships, contracts, & collaborations across the value chain between companies
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).
Browse Related Reports
Next Generation Biometrics Market by Application (Government, Military & Defense, Healthcare, Banking & Finance, Consumer Electronics, Travel & Immigration, and Security), Technology (Face Recognition, Fingerprint Recognition, Iris Recognition, Palm Recognition, Voice Recognition, Signature Recognition, Vein Recognition, and Others), Function (Contact and Non-Contact) & Geography (North America, Europe, APAC, Row) - Global Forecast to 2020
Access Control Market by Product (Cards & Readers, Biometrics, Controllers, Management Software), Application (Commercial, Residential, Military & Defense, Government, Industrial, Healthcare, Education) & By Geography - Global Forecast & Analysis to 2020
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets