The global fingerprint scanner Systems market is anticipated to grow at a modest CAGR of around 11.2% during the forecast period (2021-2027). The fingerprint scanners are widely used as biometric detection systems for the identification and safety of data. The rising adoption of smartphone and devices coupled with fingerprint scanning technologies are the prime factor driving the growth of the market. The fingerprint scanners find their major use in various verticals especially government sectors is gaining popularity. Many modern IoT applications depend on fingerprint scanner technologies for added safety and security, and to easily identify users.
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Fingerprint scanners are wide-spreading from smartphones and other wearables to smart industry and smart home applications. The recent developments in fingerprint scanners have increased their importance and are likely to increase the market growth. The market players are also coming up with new and advanced biometric identification systems to fulfil the market demands. Some of the latest systems launched by major market players are:
- In Jan 2021, Qualcomm Technologies, Inc. has introduced Qualcomm 3D Second Generation Ultrasonic Sensors for fingerprinting scanning devices. The new device is compatible with smart Flagship smartphones and can identify print with wet hands.
- In April 2019, HID Global launched the iCLASS SE RB25F fingerprint reader. The reader includes built-in optical tamper protection, and it supports the Open Supervised Device Protocol (OSDP).
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Besides, these market players are also expanding their product portfolio by adding several new additions to the pipeline of fingerprint scanners to meet growing demand from enterprises and the government. For instance, in April 2021, BIO-Key International, Inc has introduced Pocket10, as a new addition to the fingerprint scanner pipeline. The company also unveiled USB-C versions of its popular SidePass and SideSwipe fingerprint scanners.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Fingerprint Scanner Systems Market Report by Segment
By Sensor Type
- Optical Reader
- Capacitive Reader
- Ultrasonic Reader
- Thermal Reader
- Others (Pressure, Infrared)
By Matching Software
- Minutiae Matching
- Pattern Matching
By End-User
- Healthcare
- Defense
- Banking & Finance
- Government
- Retail
- Information and Telecommunication Technology
- Education
- Manufacturing
- Other
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
