Finger Print Sensors Market

Finger Print Sensors Market - Rapid Urbanization Is Also One Of The Macroeconomic Key Trend
Supporting The Industry Demand
The finger print scanner is used to authenticate and provide authorization to the individual. It
captures the biological features in the live scan of the finger prints and compares it with the
existing biometrical identity stored in the database. It provides fast, reliable and easy access to
personal common details, mails, location, payment information and other form of encrypted
data. These authentication systems are commonly used for commercial identification and
securities. The finger print sensors are also used for keeping records of attendance and its
management through biometrics and the portals.
Growing need for simplified, easy and secure user access to data & other services coupled with
increasing demand for biometric authorization and authentication will fuel the finger print
sensors market over the forecast period. Demand shift for security checks by biometrics in
government and corporate organizations is also one of the prominent factors driving the finger
print sensors market over coming years. Rapid implementation of fingerprint based
authentication system across numerous applications especially in government and military &
defense is anticipated to fuel the industry demand.
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Increasing adoption of finger print sensors in consumer electronics such as tablets, smart
phones and laptops is expected to drive the finger print sensors market. Internet of Things (IoT)
will be the emerging technological trend with considerable revenue potential over the forecast
timeframe. As IoT is still in its infancy, the sensing devices will occupy considerable physical
layer of IoT architecture thereby providing the required connectivity for digital and physical
worlds.
Technical problems related to conditional physical disability and false rejections are expected to
hinder the market over the forecast timeline. Touch less biometric modalities are expected to
challenge the finger print sensors adoption. The finger print sensors are being coupled with
other biometric modalities for multi-factor authentication providing further opportunities for
the market over the forecast period.
Fingerprint sensing is one of the most widely deployed sensing types amongst the most
biometric modalities owing to its lower costs. Rapid urbanization is also one of the
macroeconomic key trend supporting the industry demand as it has become an important
aspect in order to provide enhanced security, safety and convenience. Growing smartphone
demand in last 3 years is a prime example backing the industry trend. For instance, Apple’s
introduction of finger print sensors in its iPhone has resulted in enhanced consumer confidence
about using biometrics in the mobile phones.
Growing urbanization has increased the threat of fraudulent activities. Web App attacks and
Point of Sale (PoS) intrusions are the top fraudulent activities amongst others, according to
Verizon Breach Report 2016. Current smartphones are having capabilities of user identification,
are used mainly for e-commerce and banking applications where security is of high importance.
For instance, in 2014, Samsung in collaboration with PayPal has introduced a new biometric
feature which allows its smartphones to use fingerprint authentication for mobile payments
with PayPal merchants. Currently, this feature has adopted by other merchants and
manufacturers in order to sustain in the industry competition as customers globally get
accustomed to use fingerprint sensors.
Retailing applications has increasingly migrated from the in-shop purchase to the e-commerce
models using mobile devices and web. Increasing greater level of convenience combined with
robust security are full filling customers’ demand in the retail industry. E-commerce channels
are already prevalent in Europe & the U.S. and are gaining prominence in emerging economies.
Future retail channel strategies will involve internet retail, mobile apps, virtual stores and
interactive kiosks.
The finger print sensors market can be segmented by application into military & defense,
government, banking & finance, and mobile devices. By technology the industry can be
segmented into thermal, capacitive and optical. Atmel Corporation, Fujitsu Ltd., Fingerprint
Cards, Synaptics Inc., 3M Congent Inc., and Egis Technology Inc. are some of the prominent
industry participants in the finger print sensors market.

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