Optical Fingerprint Sensor Market 2021-2027

New Study Reports " Optical Fingerprint Sensor Market 2021, Analysis, Growth, Size, Share, Trends Forecasts to 2027" has been Added on MarketResearchFuture.

Report Overview         

Starting with the overview of the Optical Fingerprint Sensor Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027. 

Market Research Future (MRFR) expects the global Global Optical Fingerprint Sensor Market 2020 to attain a valuation of USD 1 billion by 2023-end. It is also estimated that the market can advance at a decent rate of 12% between 2017 and 2023, which is the forecast period. We will provide covid-19 impact analysis with report.

Primary Boosters and Main Deterrents

Optical fingerprint scanning technology has been observing a rapid surge in its adoption rate, on account of its high accuracy level and affordability that makes it a big hit among price-sensitive end-users. A mounting need to safeguard sensitive data and information within an intensely competitive environment prompts am increase in the adoption of fingerprint sensors. With a widespread use in commercial security, the optical fingerprint sensor technology has a broad application range across various industries, which induces major market growth across the globe.

Vastly utilized in various consumer electronics, the frequent advancements in the display technology coupled with security have given rise to lucrative opportunities that result in business expansion. The flourishing consumer electronics industry along with the rampant demand of these products has boosted the demand for optical fingerprint sensors. New applications paired with the associated markets are projected to expand in the coming years, which can drive the market growth for optical fingerprint sensors. The increasing number of attractive opportunities and the technological advancements that are underway in the field can also benefit the Global Optical Fingerprint Sensor Market during the appraisal period.

Speaking of opportunities, optical fingerprint sensors are extensively deployed in smartphones. However, the latest trend is the increasing use of in-display optical fingerprint sensors in smartphones that can pave the way for better growth prospects in the market. As of now, the technology is considered highly affordable; however more developments are ongoing to come up with lower priced systems to draw in the attention of more consumers. This is bound to ensure market growth in the approaching years.

MRFR provides the latest impact analysis on COVID-19, revealing that in just few months, the semiconductor industry has been drastically affected by the recent crisis. Taking into account the long-term impact of covid-19, the semiconductor sector will however remain resilient, in line with the companies adopting the work-from-home strategy to ensure their operations continue in the coming time. Therefore, with the rising use of digital platforms, the demand for data centers, laptops, and other gadgets has skyrocketed in the face of the present lockdown situation. Although the short-term impact of the pandemic can lead to slight inconvenience, the growth potential of the Global Optical Fingerprint Sensor Market seems quite high.

Key Players

The report has profiled some of the Important players prevalent in the global like – Securlinx Integration Software (U.S.), Fingerprint Cards AB (Sweden), BioEnable Technologies Pvt. Ltd. (India), VocalZoom (Israel), Vkansee (China), Bio Key International Inc (U.S.), SecuGen Corporation (U.S.), Shenazhen CAMA Biometrics Co.Ltd (China), Aware Inc (U.S.), Bayometric (U.S.), Synaptics Incorporated (U.S.) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Optical Fingerprint Sensor.

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Market Segmentation

The market for optical fingerprint sensors has been considered for component, technology and application.

The primary components covered in the market study are charged coupled device (CCD), photodiode, cover plate and lens as well as CMOS optical imagers. Between these, the lead has been taken by the CCD segment and the CMOS segment, given their combined use in fingerprint sensors.

The main technologies studied are electro-optical imaging as well as multi-spectral imaging. Electro-optical imaging is one of the most popular techniques in optical fingerprint sensors, as a result of which it is holds the biggest share in the global market.

The applications of optical fingerprint sensors are government agencies, healthcare, military & defense, smart homes, telecom operators, banking & finance, commercial security, consumer electronics, and more. Banking & finance, commercial security and telecom can exhibit higher demand in the coming years and show fast growth during the given period.

Regional Study

The regional study of the Global Optical Fingerprint Sensor Market covers Europe, North America, Asia Pacific (APAC) and the Rest of the World (RoW).

The dominance of the APAC market is apparent, given the strong presence of a massive number of celebrated tech vendors in the consumer electronics and semiconductors industries. The high concentration of a number of renowned smartphone OEMs like Oppo, Samsung, Xiaomi and Vivo in China; increasing deployment of biometrics systems in retail and the mounting need to bring down the fraud incidents and provide safe access to the logical and physical assets in commercial applications also benefit the Global Optical Fingerprint Sensor Market. The increasing awareness levels about the benefits of optical fingerprint sensing technology and the appeal of its cost-effectiveness also drives the APAC market.

North America is one of the strongest contenders in the global market for optical fingerprint sensors, spearheaded by the US and Canada. The market study suggests that the frequent technical advancements and the increase in security-related concerns push the uptake of optical fingerprint sensors in the region.

Latest News

May 2020

3M recently developed 3M Near Infrared Transmission System or 3M NITS, which is a technology that can enable the installation of under-display optical fingerprint sensors in smartphones that have LCD displays. This can enable fingerprint biometrics on the devices with edge-to-edge LCD screens.

Key Stakeholders 
Global Optical Fingerprint Sensor Market Manufacturers 
Global Optical Fingerprint Sensor Market Distributors/Traders/Wholesalers 
Global Optical Fingerprint Sensor Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Complete Report Details@  https://www.marketresearchfuture.com/reports/optical-fingerprint-sensor-market-4750

Major Key Points from Table of Content:

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Dynamics

5 Global Optical Fingerprint Sensor Market, By Component

6 Global Optical Fingerprint Sensor Market, by Technology

7 Global Optical Fingerprint Sensor Market, by Application

8 Global Optical Fingerprint Sensor Market, By Industry

9 Global Optical Fingerprint Sensor Market, By Region

10 Competitive Landscape

And more                                 

Continued...

Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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