Optical Fingerprint Sensor Market Analysis, growth, Sales Revenue 2027

 Market Scope

The global optical fingerprint sensor market is growing at a CAGR of 12% for the forecast period of 2017 to 2023. The rising demand for biometric security is a mega pusher for the market of fingerprint sensors. The rapid industrialization in the major and developing countries in the world is increasing the popularity of fingerprint sensors. The advancements in the latest technologies have allowed the market to expand in the areas of smartphones, tablets, security systems, etc. Almost all smart electronic devices, especially phones and computers are coming with fingerprint sensors placed on them. 

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Market Segmentation 

The market for Optical Fingerprint Sensor Market Share has been considered for component, technology and application. 

The primary components covered in the market study are charged coupled device (CCD), photodiode, cover plate and lens as well as CMOS optical imagers. Between these, the lead has been taken by the CCD segment and the CMOS segment, given their combined use in fingerprint sensors.

The main technologies studied are electro-optical imaging as well as multi-spectral imaging. Electro-optical imaging is one of the most popular techniques in optical fingerprint sensors, as a result of which it is holds the biggest share in the global market. 

The applications of optical fingerprint sensors are government agencies, healthcare, military & defense, smart homes, telecom operators, banking & finance, commercial security, consumer electronics, and more. Banking & finance, commercial security and telecom can exhibit higher demand in the coming years, and show fast growth during the given period. 

Regional Study 

The regional study of the Global optical fingerprint sensor market Size covers Europe, North America, Asia Pacific (APAC) and the Rest of the World (RoW).

The dominance of the APAC market is apparent, given the strong presence of a massive number of celebrated tech vendors in the consumer electronics and semiconductors industries. The high concentration of a number of renowned smartphone OEMs like Oppo, Samsung, Xiaomi and Vivo in China; increasing deployment of biometrics systems in retail and the mounting need to bring down the fraud incidents and provide safe access to the logical and physical assets in commercial applications also benefit the optical fingerprint sensor market. The increasing awareness levels about the benefits of optical fingerprint sensing technology and the appeal of its cost-effectiveness also drives the APAC market. 

Top Contenders 

Top contenders in the industry include Securlinx Integration Software (U.S.), Fingerprint Cards AB (Sweden), BioEnable Technologies Pvt. Ltd. (India), VocalZoom (Israel), Vkansee (China), Bio Key International Inc (U.S.), SecuGen Corporation (U.S.), Shenazhen CAMA Biometrics Co.Ltd (China), Aware Inc (U.S.), Bayometric (U.S.), Synaptics Incorporated (U.S.), to name a few.

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