Report Details:
15 Companies Covered
100 Pages
Pune, India, June, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Optical Fingerprint Sensor Market Research Report.
Market Insights
The global fingerprint sensor market is expected to reach a value of over USD 1 Bn by the end of 2023 and achieve an above-average CAGR of 12% during the forecast period of 2017 to 2023. Fingerprint scanning technology has witnessed a high rate of adoption due to the increased accuracy of available systems in the market as well as the affordability of the technology.
A growing need for protecting sensitive information in a highly competitive environment has encouraged the adoption of fingerprint sensors. Most commonly used in commercial security, the technology has a wide set of applications which has assisted in the rapid growth of the global market. Increasingly used in consumer electronics, the advancements in display technology combined with security has paved the way for opportunities that support market expansion. The robust growth of the consumer electronics industry and the demand these products attract are expected to increase the demand for optical fingerprint sensors proportionally. Various other applications and associated markets which are expected to grow are further expected to assist market growth.
False rejections and other technical errors are some challenges that the market faces in terms of growth rate. However, the presence of many opportunities and the ongoing technological advancements in the field are expected to mitigate the challenges mentioned above. There is a huge opportunity for optical fingerprint sensors in smartphones where the trend is moving toward in-display optical fingerprint sensors. Moreover, although the technology is already affordable, further developments are being made to provide even cheaper systems, ensuring market growth over the assessment period.
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Market Segmentation
The global optical fingerprint sensor market has been segmented on the basis of the component, technology, application, and region. By component, the market has been segmented into photodiode, charged coupled device (CCD), CMOS optical imagers, cover plate and lens. Among these, the CCD & CMOS segments have leading positions in the market as they are widely used together in fingerprint sensors.
By technology, the market has been broadly segmented into electro-optical imaging and multi-spectral imaging. Electro-optical imaging is the most commonly used technique in optical fingerprint sensors and has the most significant market share.
By application, the market has been segmented into consumer electronics, military & defense, banking & finance, telecom operators, government agencies, healthcare, smart homes and commercial security.
By region, the market has been segmented into North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (RoW)
Optical Fingerprint Sensor Market Regional Analysis
Globally, the market is led by the Asia-Pacific due to the region having a strong presence of several important technology-related industries such as consumer electronics and semiconductors. Some leading players are also based in this region and contributing to the overall advancement of optical fingerprint sensor technology. Moreover, many market leaders across the globe have moved manufacturing practices to this region as overall operating costs are lower.
North America, closely follows Asia-Pacific and owes its market size to the presence of US & Canada which have a high number of leading competitors who actively employ various strategies to facilitate market expansion & growth.
Key Players
Various market-leading players have been analysed for their competitive market strategies in the report. The key players include Shenzhen CAMA Biometrics Co.Ltd, BioEnable, Technologies Pvt. Ltd., Bayometric, VocalZoom, Synaptics Incorporated, Aware Inc, SecuGen Corporation, Bio Key International Inc., Securlinx Integration Software, Fingerprint Cards AB, and Vkansee.
Latest Industry News
Goodix announced that is exclusively featuring its latest optical in-display fingerprint sensor and capacitive fingerprint sensor on the vivo NEX smartphone. The new optical fingerprint sensor offers a higher resolution with optical stack design and improved accuracy in fingerprint imaging which allows for a faster smartphone unlock speed.
Vkansee has developed and launched its hybrid in-display optical fingerprint sensor technology for button-free smartphones. The proprietary fingerprint sensor technology, Matrix Pinhole Image Sensing (MAPIS), is integrated with the OLED panel and offers excellent high-resolution imaging, and is capable of better recognizing challenging cold and dry fingers.