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Fingerprint scanners are a type of biometric system which uses stored information about a person’s unique fingerprint traits for authentication purposes and to provide access to a system. These scanners are widely used across various end-user segments including consumer electronics, commercial, health care, and defense. The global fingerprint scanner market is expected to witness robust growth from 2017 to 2025 owing to the product’s high accuracy and low cost. The significant adoption of fingerprint scanners in cloud computing along with their extensive use in smartphones are likely to boost the demand for them in the next few years. In addition, fingerprint scanner have significant application in online payment transaction and in smartphone applications.

The global fingerprint scanner market is predicted to expand rapidly during the forecast period due to the emerging trend of the single sign-in system which helps the user to log on to his or her computer with a single touch of the finger rather than having to use a password or login ID every time. It provides security; eliminates the use of patterns, PIN codes, and passwords; and reduces threats related to stealing, hacking, and misuse of data. The emergence of mobile commerce is another important factor anticipated to drive the market for fingerprint scanners during the forecast period. The product offers advanced security in banking and other payment applications for mobile users. Mobile payments are increasing gradually with more people transferring money and shopping on phones. For instance, application such as Apple Pay and Samsung Pay are likely to drive the fingerprint scanner market.

Despite the multiple drivers, the lack of awareness among users regarding security issues and absence of standardization in the process of implementation & development of the technology are projected to lower its adoption rate during the forecast period.

The global fingerprint scanner market is classified on the basis of type into the swipe and area & touch varieties. The latter is estimated to expand at a high rate during the forecast period as it is preferred by several OEMs due to its accuracy, smaller size, and convenience. Based on technology, the fingerprint scanner market is categorized into the capacitive & RF capacitive sensing, optical sensing, and others segments. The capacitive & RF capacitive sensing technology is predicted to dominate the market during the forecast period due to its compactness and high accuracy. Based on end-user, the fingerprint sensor market is divided into the following categories: consumer electronics, aerospace & defense, immigration, banking & finance, health care, and others. The rising demand for consumer electronics is expected to drive this segment during the forecast period besides the increasing use of fingerprint sensors in laptops, tablets, and smartphones.

In terms of geography, the global fingerprint scanner market has been distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a major share in the fingerprint scanner market in 2016. The market in Asia Pacific is predicted to display growth during the forecast period due to the burgeoning consumer electronics sector in the region. The government here has started taking the initiative to implement biometric systems due to security concerns. In October 2016, Japan’s Ministry of Economy, Trade, and Industry planned to test cashless payment using the fingerprint technology to make transactions easier and safer for tourists. These are the primary propellants of the market in this region.

Key players operating in the global fingerprint scanner market include Apple Inc. (The U.S), Synaptics Inc. (The U.S), Goodix Ltd. (China), NEC Corporation (Japan), and Thales SA. (France), BioEnable Technologies Pvt Ltd. (India), SecuGen Corporation (The U.S), HID Global (The U.S), Fingerprint Cards AB (Sweden) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Fingerprint Scanner Market

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