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The global fingerprint sensor market was valued at US$ 3.7 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to a rising shift from fingerprint sensors towards iris- or voice-based authentication devices to mitigate the risk of coronavirus infection via hands, thereby negatively impacting the overall market growth.
We expect the global fingerprint sensor market to exhibit a CAGR of 14.64% during 2021-2026.
The extensive integration of single sign-in system through fingerprint sensors into smartphones, wearables, modern vehicles, etc., is currently driving the global fingerprint sensor market.
Based on the type, the market has been bifurcated into area and touch sensors, and swipe sensors. Currently, area and touch sensors hold the majority of the total market share.
Based on the technology, the market has been segmented into capacitive, optical, thermal, and others. Among these, optical technology currently represents the largest segment.
On a regional level, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
The key companies in the global fingerprint sensor market are 3M Cogent Inc., Anviz Global Inc., Apple Inc., BIO-Key International Inc., Egis Technology Inc, Fingerprint Cards AB, IDEMIA (Advent International Corporation), Idex Biometrics ASA, M2SYS Technology, Next Biometrics Group ASA, NEC Corporation, Qualcomm Technologies Inc., Shenzhen Goodix Technology Co. Ltd., Sonavation Inc., Synaptics Incorporated, and Vkansee Technology Inc.
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