Frost Radar™: Global Fingerprint Sensors Market, 2020
Globally, biometric fingerprint technology is experiencing increased adoption across industries. Integration of fingerprint sensors in smartphones, tablets, and other Internet of Things (IoT) devices is spurring exponential market growth. Enhanced security, ease of use, and advanced capabilities are making fingerprint sensors popular additions to consumer electronics and subsequently causing a convergence of applications across industries. For example, mobile devices with embedded fingerprint sensors are now used for online banking, payments, time and attendance, and personal identification.
Government and law enforcement agencies use fingerprint sensors and scanners extensively for various applications. Banks and financial services companies use fingerprint technology as well; for instance, smart cards fitted with fingerprint readers are popular in banking and payment applications. Other industries adopting fingerprint biometrics are healthcare; private enterprises for time, attendance, and access control; retail; hospitality; and education. The automotive and smart home sectors are emerging as major adopters of biometric technology, and they will create high demand in the mid-to-long term.
The global fingerprint sensors market is competitive and growing quickly. In a field of about 60 global industry participants, Frost & Sullivan independently plotted the top 12 companies in this Frost Radar™ analysis. The selected market participants exhibit expertise in different fingerprint sensor technologies, such as optical, thermal, capacitive, and ultrasonic. The top sensor manufacturers have introduced sensors that are increasingly thin, lightweight, and flexible for integration into various devices and for high-quality image capture.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook