The global fingerprint sensors market has been witnessing significant growth in recent years. Fingerprint sensors work by scanning and recognizing the fingerprints of users to provide secure access to devices and applications. They are being widely adopted across smart devices such as smartphones, laptops, and smart TVs owing to their convenience as a biometric identification method. Factors such as growing digitization, increasing demand for robust security features in consumer electronics and IoT devices, and the need for contactless biometrics amid the COVID-19 pandemic are driving the demand for fingerprint sensors globally.
Market Dynamics:
The global fingerprint sensors market is driven by the growing adoption of biometrics for authentication across various end-use industries. The demand for contactless and hassle-free identification solutions is surging due to the COVID-19 pandemic, benefitting the market growth. However, high production costs and complexity compared to other biometric technologies restrain the market growth. Meanwhile, the emerging areas of application, such as payment security, IoT access control, and automotive sector, present lucrative opportunities. Advancements in fingerprint sensor technologies towards smaller sizes, lower power consumption, and higher accuracy will further aid the market expansion over the forecast period.
Key Features of the Study:
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