Your Finger Is Your Pass…

The advancement in technology has changed for how you unlock devices or store the password. With the recent changes in technology, the trend is about using your finger, face or iris as your passwords. No more need to remember unnecessarily lengthy passwords or have a different password for different accounts or websites. Just use your single finger or face as the password, and you are done! 

Fingerprint Scanner Market

The global fingerprint scanner market uses fingerprint scanner as a type of biometric security device that utilizes the combination of hardware and software techniques to identify and authenticate the fingerprint of an individual. Fingerprint sensors capture a digital image of the finger called as live scan, which is then digitally processed to create a biometric template stored and used for matching the patterns. In recent times, scanners have started finding its use over the places such as in police stations, high-security buildings, and keyboards. The device is also used for recording attendance, payments, identification and numerous other businesses in the day to day lives. Today, even laptops are being launched with integrated fingerprint scanners. 

The factors contributing to the growth of the market are rising trends for safe and secure online transactions, and increased application of finger scanners in smart devices. Additionally, the changing smartphone advancements and the rising demand for the smartphone market are significant drivers for the growth of the global fingerprint scanner market. Nowadays, smartphones are used for authentication at various places for activities like card payment authentication, data security, and employee identification, among others. Fingerprint authentication in smartphones is considered to be the most preferred and safest method of authentication. Smartphone companies like Samsung, LG, Oneplus, Xiaomi, and Lenovo, among others, are increasingly integrating fingerprint scanners into smartphones. Moreover, fingerprint scanners which were limited to just top-end smartphones are now being packed into budget smartphones as well. 

The fingerprint scanner market is segmented on the basis of sensor type into optical, capacitive, ultrasonic, thermal, and other kinds of reader. Capacitive fingerprint sensors are the most commonly used fingerprint sensor. Capacitive sensors have the largest share in market which is attributed to the high adoption of capacitive fingerprint sensors in smartphones, laptops, and other consumer electronics. Moreover, the major providers of the capacitive fingerprint sensors are Apple, Goodix, Egis Technology, Synaptics, and others. However, the growing trend of bezel-less screens in smartphones has led the smartphone makers to develop innovative technologies for fingerprint sensors that occupy less space. This led to introduction to the optical fingerprint sensors. Optical sensors capture fingerprint images by capturing light and converting it into electrical signals that are used to create the fingerprint image. Moreover, development of in-display fingerprint sensors wherein the sensors are embedded under the display of the devices and users have to touch the phone display to authenticate and unlock the phone, is the growing trend in smartphones. The adoption of in-display fingerprint sensors by smartphone companies is expected to fuel the fingerprint sensor market. 

Geographically, North America holds the major share of the fingerprint recognition device market due to the most advanced infrastructure, high adoption of digital trends and the presence of major market players. Moreover, Asia-Pacific region is estimated to grow significantly due to the rapid development of infrastructure. Additionally, the initiative for digital India is a major factor contributing to the adoption of such technologies in the region. It is also observed that the huge population base and increasing smartphone penetration makes Asia-Pacific second largest market for smartphone scanner devices ultimately leading to the growth of the fingerprint scanner market.

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Anurag Tiwari

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