Global Fingerprint Module Market - Segmented by Product Type (Fingerprint Reader, Fingerprint Scanner), Sensor Type (Off-chip, On-chip), End User, and Region - Growth, Trends, and Forecast (2022 - 2030)
The Fingerprint module market is expected to register a CAGR of over 18.86% during the forecast period 2018 - 2023. The report profiles the sensor type of fingerprint module, like off-chip and on-chip sensors in various regions.
Government investments toward security and protection of data has led the growth and development in the fingerprint module market. The need for a secure and reliable mode of employee identification is a major driver for the market. Moreover, expanding smartphone integrations of biometric authentication, coupled with the high growth rate of the smartphone market is estimated to drive the fingerprint module market. Fingerprint authentication is also becoming an essential method of attendance tracking for organizations, which is a growing trend. However, the fact that the hardware technique glitches, when subjected to different skin conditions, like cuts, or moisture, is a restraint to the market.
Mobility Platforms Expanding Integration for Biometric Authentication
Manufacturers of devices, like smartphones, tablets, and laptops are increasingly integrating biometric fingerprint modules in these products. LG and Dell are among the players with increasing investments to integrate fingerprint modules for their laptop range. Additionally, the changing smartphone architecture and the growth in the smartphone market is a significant driver for the fingerprint module market. Smartphones are used for authentication at various windows. That includes activities, like card payment authentication, data security, and employee identification, among others. The Fingerprint authentication for smartphones is also the most preferred and safest method of authentication. Smartphone companies, like Samsung, LG, Oneplus, and Lenovo, among others integrate fingerprint modules in their smartphones.
North America is the Largest Region for the Market
North America is the major region for the fingerprint module market, owing to the increasing adoption of the fingerprint modules among organizations for identification and security. Additionally, North America is one of the most technologically-advanced regions and has the presence of major players in the fingerprint module market with high demand for the same. First Biometrics has developed Smart Card, which is being used as North America's primary payment and identification card. The smart card is embedded with a smart chip and fingerprint sensor for maximum security and durability in financial transactions.
Key Developments in the Market
● June 2018: NEXT Biometrics received key hardware certification for India’s Aadhaar Government ID Program. The certification enables NEXT to accelerate sales activity into India’s government ID market, with initial revenue expected to be recognized in the fourth quarter
● March 2018: Crossmatch received FBI certifications for Mobile NOMAD 60 Wireless Fingerprint Reader. Company is expected to increase government contracts and expand its product line further after the certification
Major Players: SECUGEN CORPORATION, INTEGRATED BIOMETRICS, LLC, HID GLOBAL CORPORATION/ASSA ABLOY AB, NITGEN CO., LTD., SUPREMA, CROSSMATCH, SHENZHEN YALOITE BIOMETRICS TECHNOLOGY CO., LTD., FINGERPRINT CARDS AB, SPARKFUN ELECTRONICS, SILK ID SYSTEMS, ANVIZ GLOBAL, BIOENABLE TECHNOLOGIES PVT. LTD., FIRICH ENTERPRISES CO, LTD, NEXT BIOMETRICS GROUP ASA and IDEX ASA, among others.
Reasons to Purchase this Report
● Impact of growth of product type of fingerprint module on the market
● Analysis of various perspectives of the market with the help of Porter’s five forces analysis
● The segments that are expected to dominate the market
● Regional analysis of the market during the forecast period
● Latest developments, market shares, and strategies employed by the major market players and key innovators
● 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
● This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Government investments toward security and protection of data has led the growth and development in the fingerprint module market. The need for a secure and reliable mode of employee identification is a major driver for the market. Moreover, expanding smartphone integrations of biometric authentication, coupled with the high growth rate of the smartphone market is estimated to drive the fingerprint module market. Fingerprint authentication is also becoming an essential method of attendance tracking for organizations, which is a growing trend. However, the fact that the hardware technique glitches, when subjected to different skin conditions, like cuts, or moisture, is a restraint to the market.
Mobility Platforms Expanding Integration for Biometric Authentication
Manufacturers of devices, like smartphones, tablets, and laptops are increasingly integrating biometric fingerprint modules in these products. LG and Dell are among the players with increasing investments to integrate fingerprint modules for their laptop range. Additionally, the changing smartphone architecture and the growth in the smartphone market is a significant driver for the fingerprint module market. Smartphones are used for authentication at various windows. That includes activities, like card payment authentication, data security, and employee identification, among others. The Fingerprint authentication for smartphones is also the most preferred and safest method of authentication. Smartphone companies, like Samsung, LG, Oneplus, and Lenovo, among others integrate fingerprint modules in their smartphones.
North America is the Largest Region for the Market
North America is the major region for the fingerprint module market, owing to the increasing adoption of the fingerprint modules among organizations for identification and security. Additionally, North America is one of the most technologically-advanced regions and has the presence of major players in the fingerprint module market with high demand for the same. First Biometrics has developed Smart Card, which is being used as North America's primary payment and identification card. The smart card is embedded with a smart chip and fingerprint sensor for maximum security and durability in financial transactions.
Key Developments in the Market
● June 2018: NEXT Biometrics received key hardware certification for India’s Aadhaar Government ID Program. The certification enables NEXT to accelerate sales activity into India’s government ID market, with initial revenue expected to be recognized in the fourth quarter
● March 2018: Crossmatch received FBI certifications for Mobile NOMAD 60 Wireless Fingerprint Reader. Company is expected to increase government contracts and expand its product line further after the certification
Major Players: SECUGEN CORPORATION, INTEGRATED BIOMETRICS, LLC, HID GLOBAL CORPORATION/ASSA ABLOY AB, NITGEN CO., LTD., SUPREMA, CROSSMATCH, SHENZHEN YALOITE BIOMETRICS TECHNOLOGY CO., LTD., FINGERPRINT CARDS AB, SPARKFUN ELECTRONICS, SILK ID SYSTEMS, ANVIZ GLOBAL, BIOENABLE TECHNOLOGIES PVT. LTD., FIRICH ENTERPRISES CO, LTD, NEXT BIOMETRICS GROUP ASA and IDEX ASA, among others.
Reasons to Purchase this Report
● Impact of growth of product type of fingerprint module on the market
● Analysis of various perspectives of the market with the help of Porter’s five forces analysis
● The segments that are expected to dominate the market
● Regional analysis of the market during the forecast period
● Latest developments, market shares, and strategies employed by the major market players and key innovators
● 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
● This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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