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Silicon-based fingerprint sensors are becoming one of the basic type of sensors need to be embedded in the advance electrnoic gadgets. These sensors offers a practical and unique approach to verify and recognize a person’s identity via advance electronic devices. Silicon based fingerprint sensors are coupled with a competent software, that helps in capturing and matching the fingerprints in templates. This enables the developers to build highly secured, compact, energy-efficient, and cost-effective system. Owing to the faster authentication process, these sensors are highly applicable in law enforcement, or border control systems for registering the people operating in high-risk environment.
Silicon based fingerprint sensors are specifically used in banks, government offices, corporate offices, and hospitals to recognize and verify the employees and staffs identity, while creating a safe environment. As fingerprints are unique way to offer security to each individuals identity, it is less viable to be stolen or lost unlike the other PIN’s or passwords that can be hacked. Another driving factor for the global silicon based fingerprint sensors market is that it enables low cost security options as these sensors have relativley affordable prices, and once installed/embedded have a longer shelf. Now-a-days, several electronics manufacturers are investing in adopting advance security technologies like encryption, virtual private networks (VPN), and public key infrastructure (PKI) alongwith the fingerprint sensors that offer secured electronic commerce business operations. Moroever, there are still several sectors that need to adopt the fingerprint verification process, as there is lack of awareness about the need of security.
Key Market Driver -
• Enables low cost security options • Easy identification and verification of employees, and customers • Rising investments for developing advance sensor based products
Key Market Restraint -
• Lack of awareness about security essentials
Key market players and other manufacturers from the electronics sector are investing in the development of advance products. For example, a joint venture named as Japan Display Inc. made up for LCD technology by Toshiba, Sony, and Hitachi has designed and developed a glass-based capacitive fingerprint sensor by using Japan Display’s Pixel Eye technology to innovate the glass based substrate into fingerprint sensor. Therefore, advancing and increasing the demand of the silicon based fingerprint sensors in the global market.
Some of the key competitors in the silicon-based fingerprint sensors market include Sony, Infineon Technologies, Fujitsu Limited, Egis Technology Inc, Synaptics, Inc, NEXT Biometrics Group ASA, Microchip Technology, Inc., Hitachi, Jiangsu Winch Corp., Ltd., IDEX ASA, Fingerprint Cards AB, and others.
Asia Pacific is expected to upsurge the silicon based sensors market growth with highest CAGR, owing to rising investments of the key market players to develop advance technology based products for higher end-security applications. Several western manufacturers are also opting for technological helps from the Asian manufacturers, while expanding their customer base and production units in the developing Asian countries. Whereas, North America is anticipated to hold largest amount of market share in this market, as the idea and application of fingerprint sensors is already being applied in several sectors from last two and half decades. Being a developed economy, North American manufacturers play major role in investments and other advancing process.
Furthermore, Europe is projected to witness progressive market growth as the automotive sector across the region is highly adopting the silicon based fingerprint sensors in the new automated vehicles with the view of offering safety for the owner of the vehicle. Also, the banking and government sector are seen to be incorporating the authentication systems embedded with silicon based fingerprint sensors, thus increasing the demand for the same. Middle East & Africa, and South America are expected to have stable growth in the market with moderate applications aross the banking, government, and commerce sectors.
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