Fingerprint Identification Chip Market

Fingerprint Identification Chip Market: Introduction

• A fingerprint is a pattern of fine ridges and valleys (spaces between ridges) on the surface of a finger, and a fingerprint sensor makes a digitized image of it, which is used in fingerprint identification based on image correlation and structural feature matching
• Fingerprint identification chip works on the basis of pattern recognition where the arches, loops, and whorls of the fingerprint ridges are compared with stored data

Rise in adoption from Enterprise & Corporate Sectors

• Based on end-user, the global fingerprint identification chip market can be segmented into IT & telecommunication, aerospace & defense, BFSI, automotive, consumer electronics, government, education, enterprise & corporate and others (oil & gas, power & utility, energy).
•  The enterprise & corporate segment is expected to grow at a rapid pace during the forecast period due to an increase in use of fingerprint identification chip for contactless authentication at offices and organizations for attendance, health, and security purposes
• Fingerprint identification chip is primarily used in communication devices such as authentication scanner, enrollment scanner, single finger reader & module, tenprint reader & module, multimodal biometric devices and others (mobile reader & module, jumpskit, etc.). This factor is significantly driving the demand for fingerprint identification chips in various sectors such as IT & telecommunication, aerospace & defense, government, and education.
• Rising adoption of fingerprint identification chip for public security to ensure health safety and prevent crimes and fraud is further propelling the market

North America to Lead Global Fingerprint Identification Chip Market

• In terms of region, the global fingerprint identification chip market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is expected to hold the largest share of the fingerprint identification chip market throughout the forecast period due to a rise in the demand from government, aerospace & defense and BFSI sectors
• Fingerprint identification chips are widely utilized in scanners, finger reader, and multimodal biometric devices for identification, authentication, and verification
• Rising digitalization, the proliferation of the internet of things (IoT), running investment in public security, innovations in portable electronic devices such as e-readers, smartphones, tablets, and flash drives, are other factors propelling the fingerprint identification chips market in North America
• The fingerprint identification chip market in Asia Pacific and Europe is expected to expand at a considerable pace during the forecast period due to a rise in the demand for fingerprint identification chip from diverse industries such as BFSI, consumer electronics, and IT and telecommunication. Moreover, the growth is anticipated to be driven by leading countries such as India, China, Japan, Germany, France, and South Korea. The fingerprint identification chip market in Middle East & Africa and South America is anticipated to grow at a steady pace during the forecast period.

Key Players Operating in the Global Fingerprint Identification Chip Market

Prominent players operating in the global fingerprint identification chip market are engaged in developing technologically advanced products to cater to the rising demand for fingerprint identification chips. Furthermore, several manufacturers are focusing on strategic mergers and acquisition of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach.

Leading players operating in the global fingerprint identification chip market include:

• Suprema ID
• SecuGen Corporation
• Fingerprint Cards AB (Fingerprints)
• HID Global Corporation (Crossmatch)
• Anviz Global, Inc
• NITGEN
• Integrated Biometrics LLC

Global Fingerprint Identification Chip Market: Research Scope

Global Fingerprint Identification Chip Market, by Type

• Contact
• Contactless

Global Fingerprint Identification Chip Market, by End-use

• IT & Telecommunication
• Aerospace & Defense
• BFSI
• Automotive
• Consumer Electronics
• Government
• Education
• Enterprise & Corporate
• Others (Oil & Gas, Power & utility, Energy)

Global Fingerprint Identification Chip Market, by Application

• Authentication Scanner
• Enrollment Scanner
• Single Finger Reader & Module
• Tenprint Reader & Module
• Multimodal Biometric Devices
• Others (Mobile Reader & Module, Jumpskit, etc.)

Global Fingerprint Identification Chip Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa