Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Regional Players, finds a recent market study on Global Fingerprint Sensor Market by Ken Research
The fingerprint sensor is a category of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.
The fingerprint sensor finds wide adoption in smartphones, biometrics access control devices, security door locks, and other IoT-based devices. Some other applications of fingerprint sensors are voter registration and identification, border control via passport verification, and weapon activation.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study
Global Players Constitute ~10% of the Total Number of Competitors While Regional Companies comprise 30% of the Total Number of Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the Fingerprint Sensor Market. The large global players comprise about ~10% in terms of the number of companies and Country Niche players account for ~60% total number of companies. Most of the country’s niche players operate in providing access control solutions to small and medium enterprises in developing countries, especially in India, China, the Philippines, Vietnam, and other South Asian countries.
Leading Global Players’ Ongoing Efforts To Provide Fingerprint Sensor Solutions To A wide range of Fingerprint Sensor Industries Are Driving Their Revenue Growth From This Market
Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as Fingerprint Cards AB, Egis Technology, Vkansee technology Inc., CMOS Sensor Inc., and Touch Biometrix are highly focused on providing specialized solutions regarding fingerprint sensors and possess advanced techniques that can be used across multiple industry verticals. Furthermore, several companies and organizations are aggressively investing in R&D to increase the development of fingerprint sensor solutions.
- In January 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. With this technology, users can wave their hands easily and quickly to have their four fingerprints 3D-scanned and confirmed in a fraction of second
- In January 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to bring biometric cards to Poland. When using this card for the transaction, the payment is authorized through biometric verification of the fingerprint of the cardholder, regardless of any amount.
Governments Initiatives to Promote the Adoption of Fingerprint Sensor Technology in Major Regions
- In 2020, the Indian Government mandated biometrics for Aadhar validation in government schemes. The Aadhaar database enables government & private sector organizations to validate the users with their Aadhaar records. Aadhaar Authentication Ecosystem is a procedure by which a person’s Aadhaar number, along with their biometric and demographic information, is sent to CIDR (Central Identities Data Repository) for validation.
- According to The Foreign Biometric Exchange (FBE) Program, biometrics are obtained from foreign law enforcement partners and this is the primary mission of FBE. The biometric records belong to individuals of interest to partner countries, the United States, or the international law enforcement community, and also include individuals associated with or appropriately suspected of terrorist activity, egregious crimes, or transnational criminal activity.
For more information on the research report, refer to the below link:-
Global Fingerprint Sensor Market
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