The
global fingerprint module market is subject to witness a substantial growth due to the
growing demand for advanced security solutions and rising incidences related to
terrorist attacks. Stringent laws & regulations by regional governments to
mandate the adoption of identification technologies for citizens, employees,
and foreign nationals in order to enhance national security are expected to
favor market growth over the forecast period.
Additionally,
numerous collaborative efforts are undertaken various government to improve
security in response to the threat of terrorism over public safety. Globally,
the market is predicted to grow at higher CAGR of 19.13% in the forecast
period, providing numerous opportunities for market players to invest for
research and development in the fingerprint module market.
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In
addition, increasing spending by local for improvements in existing security
infrastructure, positioning emphasis on the technology is expected to favor
market growth over the next seven years. Rising competition in the market owing
to the presence of large number of manufacturers coupled with rise in the
R&D operations to develop novel products are anticipated to fuel the growth
of the market in the upcoming years.
Additionally,
shifting trends towards adoption of latest technologies including cloud
computing, and next-generation mobile computing for private enterprises are
permanently changing the way an organization uses information technology for
distributing an information and piloting e-commerce, thus propelling market
growth in the recent years. Introduction of remote service management and
varied wireless technologies are expected to favor market demand for
fingerprint module. Increasing adoption of biometric security services such as
fingerprint recognition and face recognition systems to provide secured
financial transactions are anticipated fuel the growth of fingerprint module
market over the next seven years.
The
market is broadly categorized into five major segments based on the application
type such as commercial sector, consumer electronics, banking, financial &
insurance sector, government sector and military & defense sector. The
consumer electronics is considered as one of the fastest growing segment in the
with substantial revenue generation in the last few years. Growing popularity
of fingerprint module in the consumer electronics segment is attributed to the
rising demand for access control features in smartphones and tablets.
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Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Fingerprint Module in these regions, from 2013 to 2025
(forecast), covering
•
United States
•
EU
•
China
•
Japan
•
South Korea
•
Taiwan
Global Fingerprint Module market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Suprema
•
HID Global
•
Furtonic Technology
•
Safran Identity & Security
•
Holtek Semiconductor
•
Aratek
•
Fingerprint Cards AB
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