The Global Market for Silicon-Based Fingerprint Sensors is Projected to Reach US$281 Million by 2020

Integration of Fingerprint Recognition Capability in Mobile Devices Drives the Silicon-Based Fingerprint Sensors Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Silicon-Based Fingerprint Sensors market. The global market for Silicon-Based Fingerprint Sensors is projected to reach US$281 million by 2020, driven by the growing ubiquity of fingerprint recognition capabilities in mobile devices such as smartphones, tablets, and notebook PCs, among others.

As a technology that can capture and recognize fingerprint patterns, fingerprint recognition sensors play a critical role in the functioning of Fingerprint Identification System (FIS). By initiating the very first step in fingerprint identification process, i.e., capturing live scan or digital image of fingerprint pattern, fingerprint sensors sets the platform for FIS to carry out further processing of these images, and generate a biometric template that can be stored and used for matching. In addition to its use in Advanced Fingerprint Identification Technology (AFIT), fingerprint sensors are increasingly finding applications in consumer electronics as readily integratable modules with complete packaged hardware and software components. With mobile devices such as laptops, smartphones and tablet PCs becoming a repository of personal and business information, safeguarding information and data from hackers has become an absolute necessity. Currently, most of the electronic information stored in mobile devices is protected by password or PIN based security features, which however have been found to be extremely vulnerable against security breaches. Passwords or PINs can be stolen or hacked, or can be easily forgotten or leaked. Helping eliminate these inherent risks of passwords & PIN based security solutions, fingerprint identification technology is gaining popularity as the most efficient security platform for notebooks, and wireless devices. Other factors spurring the use of fingerprint sensors in mobile devices include falling prices of sensors and broader software support for the same.  

The steady demand for and production of notebooks particularly professional grade laptops, and an array of smartphones and tablet PCs requiring low-throughput biometric security platforms especially augurs well for the silicon based fingerprint sensors market. Growing preference for smaller, sleeker, and light weight notebooks and wireless devices will especially favor growth in the market, given the fact that silicon-based fingerprint sensors are extremely compact in size, low in cost, and have minimal power requirements. Silicon-based fingerprint sensors are also gaining prominence in physical access control solutions, particularly helping fingerprint identification systems replace card based access control systems in a range of end-use markets. Technology developments targeted at improving accuracy, and reducing errors will continue to boost market prospects for silicon-based fingerprint sensors.

As stated by the new market research report on Silicon-Based Fingerprint Sensors, Asia-Pacific represents the largest market worldwide. The region is also forecast to emerge as the fastest growing market with a CAGR of 13.0% over the analysis period, led by steady demand for and production of consumer electronics and automobiles and growing use of sensors in the industrial sector. Swipe Sensors represents the largest and the fastest growing product market in terms of revenue. Notebook security applications are forecast to generate significant revenues accounting for a majority share of global market value. Wireless devices market, including smartphones and tablet PCs, ranks as the fastest growing end-use market with revenue from the segment waxing at a CAGR of 11.6% over the analysis period.

Major players covered in the report include Atmel Corporation, Egis Technology Inc., Fingerprint Cards AB, Fujitsu Limited, Hangzhou Synochip Technologies Co., Ltd., IDEX ASA, Jiangsu Winch Corp., Ltd., NEXT Biometrics Group ASA, and Synaptics Inc., among others.

The research report titled “Silicon-based Fingerprint Sensors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for sales of Silicon-based Fingerprint Sensors in US$ Thousand at the Manufacturer’s levels for all major geographic markets- US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific, Middle East & Africa and Latin America. The market for Silicon-based Fingerprint Sensors is also analyzed by type – Swipe and Area. The market for Silicon-based Fingerprint Sensors is also analyzed by end-use sector – Notebooks, Physical Access Control, and Wireless Devices.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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