The Asia Pacific fingerprint sensor market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed increasing mobile transactions in region coupled with the government’s initiatives to improve security.
The light-sensitive microchip on the fingerprint sensor scans the ridges and valleys of the fingerprint, turning them into binary numbers, and creates the user's own personal code. Many modern Internet of Things (IoT) applications rely on fingerprint sensors to improve safety and security, and to easily identify users. Fingerprint sensors are widespread in smartphones and smart home applications for entry identification and data security. The two most common fingerprint sensors used are optical sensors and capacitive sensors.
Market Trends, Drivers, Restraints, and Opportunities:
- Growing awareness about the system reliability regarding the security is driving the market growth.
- Rising penetration of smartphones and increasing integration of fingerprint sensors are expected to contribute to the growth of the market.
- The authentication system only recognizes traits that were entered and fails to recognize the user if their physical traits change to the slightest. This factor can create challenges for the market growth.
- The outbreak of COVID-19 has negatively impacted the Asia Pacific fingerprint sensor market. However, the market is anticipated to recover soon.
- In a crisis such as security breach, professionals cannot access the system remotely to prevent the exposure of sensitive data, which in turn, can hinder the market growth.
- The robust consumer electronics manufacturing ecosystem is expected to augment the Asia Pacific fingerprint sensor market growth.
Scope of the Report
The report on the Asia Pacific fingerprint sensor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Asia Pacific Fingerprint Sensor Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Optical, Capacitive, Thermal, Ultrasonic), Applications (Smartphones/Tablets, Laptops, Smart cards, IoT and Others), and End-user Industries (Military and Defense, Consumer Electronics, BFSI, and Government)
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Geographical scope
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China, Japan, India, South Korea, Rest of Asia Pacific
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Qualcomm Technologies Inc., TDK Corporation, Egis Technology Inc., Shenzhen Goodix Technology Co. Ltd, and Gemalto NV
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Asia Pacific Fingerprint Sensor Market Segment Insights:
Optical segment to grow at a rapid pace
Based on types, the market is divided into optical, capacitive, thermal, and ultrasonic. The optical segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. In-display fingerprint sensors are in demand by numerous smartphone manufacturers, which is expected to provide opportunities for the optical sensors in the projected timeline. An optical in-display fingerprint sensor uses an optical fingerprint sensor to capture the fingerprint data and is embedded under the phone’s screen. On the other hand, the capacitive segment to grow at a substantial CAGR during the forecast period. This type of sensor is more commonly and found on phones. Similar to the capacitive touchscreen, optical sensors scans finger by using human conductivity, creating an electrostatic field, creating a digital image.
Smart phones/ tablets segment to account a major market share
In terms of applications, the market is segmented into smartphones/tablets, laptops, smart cards, IoT, and others. The smartphones/tablets segment is anticipated to account for a major share due to increasing demand for high security among smartphones. Manufacturers are unanimously adopting superior capacitive and optical-capacitive hybrid scanners. These scanners use optical fingerprint data, combined with capacitive sensing to detect a real finger scan.
Consumer electronics segment to hold a significant market share
Based on end-user industries, the market is divided into military and defense, consumer electronics, BFSI, and government. The consumer electronic segment is anticipated to account for a significant market share due to increased security & privacy issues in laptops. Moreover, OEMs effort to deliver wearables with dynamic security features are some of the key factors affecting the market development. Continuous developments and innovation in fingerprint scanning technology are supporting the market growth in consumer electronics segment.
The market in India to exhibit a high CAGR
On the basis of regions, the market is segregated into China, Japan, India, South Korea, and Rest of Asia Pacific. The market in India is anticipated to exhibit a high CAGR during the forecast period. Increasing adoption of fingerprint in the BFSI sector is driving the market growth in the country. For instance, State Bank of India, a major lender in India, has planned to adopt a multi-mode biometric authentication for its mobile applications. It is expected to comprise either fingerprint or face recognition. The bank is also planning to use biometrics for various mobile banking products, including unified payment interface (UPI) transactions.
Segments
Segments Covered in the Report
The Asia Pacific fingerprint sensor have been segmented on the basis of
Types
- Optical
- Capacitive
- Thermal
- Ultrasonic
Applications
- Smartphones/Tablets
- Laptops
- Smart cards
- IoT
- Others
End-user Industries
- Military and Defense
- Consumer Electronics
- BFSI
- Government
Geography
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Key Players
- Qualcomm Technologies Inc.
- TDK Corporation
- Egis Technology Inc.
- Shenzhen Goodix Technology Co. Ltd
- Gemalto NV
Competitive Landscape
The major players of the market are Qualcomm Technologies Inc., TDK Corporation, Egis Technology Inc., Shenzhen Goodix Technology Co. Ltd, and Gemalto NV.
Companies are investing in research and development and focusing on partnerships and acquisitions to expand their market share.
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