Global Fingerprint Reader Market is segmented based on product type, application, and region. An electronic device recording a digital image of the fingerprint pattern is termed as a “fingerprint reader”. The captured image is known as a live scan, which is then digitally processed. The unique features are extracted and a fingerprint biometric template is created. This biometric template is stored and used for matching later.
The fingerprint reader is combined with an embedded security subsystem to provide a layer of security that is built in. The growth of the Fingerprint Reader market is driven by government initiatives to adopt biometrics in various fields, increasing penetration of fingerprint sensors in smartphones, need for secured and simplified user access, growing adoption of mobile commerce, and increased usage of biometrics systems with respect to criminal identification.
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Moreover, the developing application areas for fingerprint sensors such as Internet of Things (IoT) and the increasing adoption of fingerprint sensors in the banking & finance industry, including smart cards, are expected to lift the market growth in the years to come. On the other hand, the lack of awareness among customers regarding the higher security offered by fingerprint sensors is one of the major restraining factor for the growth of this market.
Fingerprint Reader Market is classified, by type into optical readers, Capacitive or CMOS Readers, Ultrasound Fingerprint Readers, Thermal Readers. Optical Readers - take a visual image of the fingerprint using a digital camera. These fingerprint readers come at cheap prices. Optical readers are more easy to fool than other fingerprint readers and more quickly yield false negatives in less than ideal conditions.
Capacitive or CMOS readers use capacitors and thus electrical current to form an image of the fingerprint, this image is based on the actual shape of the fingerprint. Therefore, CMOS readers are more difficult to fool than optical readers. Ultrasound fingerprint readers use high frequency sound waves to penetrate the epidermal (outer) layer of the skin. They do not read the fingerprint on the outer layer of the skin and therefore eradicate false rejects due to scars or uncleaned hands. These fingerprint readers are supposed to be very difficult to fool, which makes them very popular even if the price is significantly higher than for a CMOS reader.
Thermal readers sense the temperature differences on the contact surface, in between fingerprint ridges and valleys. The fact that thermal fingerprint readers have a number of disadvantages makes them far less popular than the previous types. These fingerprint readers have high power consumption, which makes them difficult to use in mobile applications, and their performance is very dependent on the environment temperature.
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Fingerprint Reader Market is classified, by product type into USB Type Fingerprint Reader, Integration Fingerprint Reader. USB Type Fingerprint Readers are powered by complementary metal-oxide-semiconductor (CMOS) sensor technology and are one of the best optical systems amongst its aristocracies. Fingerprint Reader Market is classified, by application into Company Attendance, Mobile Devices/Consumer Application, Travel & Immigration, Government and Law Enforcement, Military, Defense, and Aerospace, Banking & Finance, Healthcare, Smart Homes, Commercial Security, and Others.
The mobile devices/consumer application is expected to lead the fingerprint sensors market during the forecast period. The growing penetration of fingerprint sensors in smartphones, laptops, tablets, smart watches, smart brands, and other consumer electronics boosts the market growth. Banking & Finance segment is expected to grow at the fastest pace with highest CAGR over the forecast period. Fingerprint Reader Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Asia Pacific is expected to be the leading and fastest-growing market for fingerprint readers market during the forecast period. The growing consumer electronics market in the Asia Pacific region is one of the driving factors behind the growth of this region. The increased penetration of smartphones in South Korea, China, and India fuels the market for fingerprint sensors in this region.
Fingerprint Reader Market key players are, BioLink Solutions, CIRCONTROL SA, Impro Technologies, Bormann EDV Zubehr, Grupo SPEC, LS Industrial Systems, PRO-FACE, Samsung Techwin and STID.