Electronics & Semiconductor / Fingerprint Recognition Chip Market Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Fingerprint Cards, SK Hynix Semiconductor
Fingerprint Recognition Chip Market Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Fingerprint Cards, SK Hynix Semiconductor
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.
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.
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.
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
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?
Forecast Period 2022 to 2027 CAGR
CAGR of 10.69% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
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?
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.
SUBJECT MATTER EXPERT ADVICE
GLOBAL FINGERPRINT RECOGNITION CHIPMARKETBY TYPES
GLOBAL FINGERPRINT RECOGNITION CHIPMARKET BY APPLICATIONS
INCREASING DEMAND FOR FINGERPRINT RECOGNITION CHIP
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
FINGERPRINT RECOGNITION CHIPGROWTH
APPLICATION OF FINGERPRINT RECOGNITION CHIP
IMPACT OF COVID 19
GLOBAL FINGERPRINT RECOGNITION CHIP MARKET, BY TYPES
Capacitive Fingerprint Recognition
Ultrasonic Fingerprint Recognition
Optical Fingerprint Recognition
GLOBAL FINGERPRINT RECOGNITION CHIP MARKET, BY APPLICATION
Access Control System
GLOBAL FINGERPRINT RECOGNITION CHIP MARKET, BY REGION
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.