The global fingerprint sensor industry has been driven by the rise in the use of the biometrics for paperless systems across different sectors, including banks and Government sectors, among others. There is shift from document verification and document collection to biometric authentication. Governments are increasingly shifting towards biometric ID program, which will help to maintain privacy and safety of the citizens. North America accounts for the largest share of the fingerprint sensor market, followed by Europe. Asia Pacific has been growing at a fast pace due to growth in the biometric market in nations like China and India.
The use of fingerprint biometrics has become almost universal in smartphones and tablets. The widespread use of smartphones and the increased demand for simple and rapid biometric security in smartphones and tablet devices has been a significant driving force behind the market's expansion. Smartphone makers are investing in the research and development of several types of fingerprint sensors, which they have then integrated into their smartphones. The cost-effectiveness of the fingerprint sensors also plays a major role in expansion of the market as there are less expensive and pocket friendly and are easier in use as compared to other biometric sensors available in the market.
The major players in the industry include Apple inc. (NASDAQ: AAPL) and Synaptics Incorporated (NASDAQ: SYNA), among others. The share of the later is on a rise since Synaptics announced its teams up with iWedia in May 2021. As an AI-enabled platform, the VS640 brings opens new possibilities for the operators to innovate with new features and generate new monetisation streams. On the other hand, Apple inc. announced in November 2020 a new MacBook Air, 13-inch MacBook Pro, and Mac mini powered by the revolutionary introduced a new MacBook Air, 13-inch MacBook Pro, and Mac mini powered by M1, the first in a family of chips designed by Apple specifically for the Mac, which help in the fingerprint sensor market and for the companies.
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The major players in the global market for fingerprint sensor are Apple Inc., Egis Technology Inc., IDEMIA, Synaptics Incorporated, and Thales Group, among others . The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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