The global market for Fingerprint Recognition Chip is expected to register a CAGR of more than 10.69% during the forecast period 2022-2027.
Fingerprint Recognition Chip Market Overview
The extensive use of Fingerprint Recognition Chip in consumer devices, the effective implementation of biometric time and attendance systems for calculating employee productivity, work hours, and others, and the high adoption of biometrics by the governments worldwide for enhanced security are the key factors driving the growth of the Fingerprint Recognition Chip market. However, threats pertaining to the biometric database are the major restraint that hinders the growth of the fingerprint sensor market. On the contrary, the emergence of biometric smartcards in BFSI applications, the newest trend of in-display Fingerprint Recognition Chip in smartphones, and the rise in the adoption of fingerprint sensors in IoT-based devices are likely to provide lucrative opportunities to the Fingerprint Recognition Chip market players during 2022–2027. Moreover, the rising use of facial recognition technology in payments, access and security, and criminal identification applications pose challenges to the fingerprint sensor market.
Recent Developments
Samsung Introduces Smart All-in-One Fingerprint Security IC for Biometric Payment Cards
January 25, 2022: Samsung Electronics, a world leader in advanced semiconductor technology, today introduced its new fingerprint security IC (integrated circuit) ─ S3B512C ─ with enhanced security features. The new solution is EMVCo and Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified and performs in line with Mastercard’s latest Biometric Evaluation Plan Summary (BEPS) specifications for biometric payment cards.
What are the major Applications, Types and Regions for Fingerprint Recognition Chip Market?
Fingerprint Recognition Chip Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Capacitive Fingerprint Recognition
- Ultrasonic Fingerprint Recognition
- Optical Fingerprint Recognition
- Others
By Applications it is segmented into
- Computer
- Access Control System
- Cellphone
- Others
Fingerprint Recognition Chip Market Regional Analysis
APAC is set to dominate the market due to implementation of sensing systems in cars. China, Japan, South Korea, India, and Australia are biggest customers of the region. Presence of smartphone manufacturers, as well as application in travel, hospitality, banking and finance, travel and immigration, and government sectors, can drive market growth.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Fingerprint Recognition Chip Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Fingerprint Recognition Chip Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Fingerprint Recognition Chip Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 10.69% over the forecast period (2022-2027)
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By Type
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- Capacitive Fingerprint Recognition
- Ultrasonic Fingerprint Recognition
- Optical Fingerprint Recognition
- Others
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By Application
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- Computer
- Access Control System
- Cellphone
- Others
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By Companies
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DuPont (Danisco), Chr. Hansen, Lallemand, China-Biotics, Nestle, Danone, Probi, BioGaia, Yakult, Novozymes, Glory Biotech, Ganeden, Morinaga Milk Industry, Sabinsa, Greentech, Biosearch Life, UAS Laboratories, Synbiotech
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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162
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Fingerprint Recognition Chip Report
- Evaluate Fingerprint Recognition Chip market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Fingerprint Recognition Chip market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Fingerprint Recognition Chip Market?
The Fingerprint Recognition Chip Market is growing at a CAGR of 10.69% over the next 5 years.
Who are the key players in Fingerprint Recognition Chip Market?
DuPont (Danisco), Chr. Hansen, Lallemand, China-Biotics, Nestle, Danone, Probi, BioGaia, Yakult, Novozymes, Glory Biotech, Ganeden, Morinaga Milk Industry, Sabinsa, Greentech, Biosearch Life, UAS Laboratories, Synbiotech
What are the significant types of Fingerprint Recognition Chip Market?
Capacitive Fingerprint Recognition, Ultrasonic Fingerprint Recognition, Optical Fingerprint Recognition, Others
What are the major end-use applications of Fingerprint Recognition Chip Market?
Computer, Access Control System, Cellphone, Others
How can I get a sample report/company profiles for the Fingerprint Recognition Chip Market?
The sample report for Fingerprint Recognition Chip Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
