Market New Research Fingerprint Module Market Research – Industry Size | Page 2

Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation
mobile computing for private enterprises are permanently changing the way an organization uses information
technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years.
Introduction of remote service management and varied wireless technologies are expected to favor market demand
for fingerprint module. Increasing adoption of biometric security services such as fingerprint recognition and face
recognition systems to provide secured financial transactions are anticipated fuel the growth of fingerprint module
market over the next seven years.
The market is broadly categorized into five major segments based on the application type such as commercial sector,
consumer electronics, banking, financial & insurance sector, government sector and military & defense sector. The
consumer electronics is considered as one of the fastest growing segment in the with substantial revenue generation
in the last few years. Growing popularity of fingerprint module in the consumer electronics segment is attributed to
the rising demand for access control features in smartphones and tablets.
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The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in the implementation of latest technologies in security sector,
increase in the number of research & development activities in the region, and existence of well-established industrial
infrastructure.
Asia-Pacific region is predicted to hold major market share in the fingerprint module market with massive growth in
forecast period. Countries such as India, China, South Korea, Japan and Singapore are leading the Asia-Pacific market
with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by
leading industry players considering potential growth opportunities in the region.
The key players in the fingerprint module market are the 3M Company, Crossmatch Co., Fulcrum Biometrics LLC, NEC
Co., Precise Biometrics A.B., IDEX ASA, Suprema Inc., and ZKTeco Inc.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, revenue (million USD), market
share and growth rate of Fingerprint Module in these regions, from 2013 to 2025 (forecast), covering
• United States
• EU
• China