The global fingerprint sensor market size is expected to grow from $3 billion in 2020 to $6 billion in 2025 at a CAGR of 15%. The increasing use of fingerprint sensors in consumer devices for biometric authentication is one of the key drivers driving the market growth. Additionally, the advent of biometric smart cards for BFSI applications will increase the demand for these products in the near future.
A full report of COVID-19 Impact on Fingerprint Sensor Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-fingerprint-sensor-market/42135/
The recent COVID-19 pandemic is expected to impact the global biometric industry. The entire supply chain is disrupted due to a limited supply of components. China suppliers around the globe placed production lines on halt or shut them down completely. Also, legal and trade restrictions, such as sealed borders, increase the shortage of required components. Such disruption in the supply chain is expected to affect the assembly of OEMs in APAC, Europe, and North America.
Market Segmentation
By Technology
• Capacitive
• Optical
• Thermal
• Ultrasonic
By Application
• Consumer Electronics
• Travel and Immigration
• Government and Law Enforcement
• Banking and Finance
• Commercial
• Smart Homes
• Military, Defense, and Aerospace
• Healthcare
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by COVID-19 Impact on Fingerprint Sensor Market Report
• What was theCOVID-19 Impact on Fingerprint Sensor Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR ofCOVID-19 Impact on Fingerprint Sensor Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in theCOVID-19 Impact on Fingerprint Sensor Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
