SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 219

Fingerprint Sensors Market is expected to reach $ 14,500.07 Million by 2020 , at a CAGR of 17.1 %.
HIGH PRIORITY MARKET

Fingerprint sensors growing fast

Key Players in India

Crossmatch , India # 510 , 5th Floor , Tower C , Green Boulevard Building , Block B9 / A Sector 62 , Noida 201306 E : india . sales @ crossmatch . com F : + 1-561-622-9938 W : crossmatch . com
BioEnable Technologies Pvt . Ltd . ( India ) Office No . 203 , 2nd Level , Cyber City Tower S4 Magarpatta City , Hadapsar , Pune-411013 , MH , T : 1800-209-2131 ( Only from India ) Others call T : + 91-20-65600600 F : + 91-20-26898686 E : sales @ bioenabletech . coms
Samsung 79 , DLF Phase 5 , Sector 43 , Gurgaon , Haryana T : 0124 488 1234 , W : samsung . com
Qualcomm 8th floor , Tower D Global Business Park Mehrauli - Gurgaon Road , Gurgaon , Haryana 122002 T : 0124 664 2316 W : qualcomm . co . in
Synaptics 1251 McKay Dr ., San Jose , CA 95131 T : 408-904-1100 F : 408-904-1110 W : synaptics . com
IDEX ASA Martin Linges vei 25 , 1364 Fornebu , Norway T : + 47-67- 839119 E : mailbox @ idex . no W : www . idex . no
BIO-key Corporate Headquarters 3349 Highway 138 Building A , Suite E , Wall , New Jersey 07719 T : 1-866-846-2594 , 1-732-359-1100 F : 1-732-359-1101 E : email : info @ bio-key . com W : bio-key . com
ekey biometric systems ( Slovenia ) T : + 41 71 560 54 80 F : + 41 71 560 54 81 E : info @ ekey . si W : ekey . net
DERMALOG Identification Systems GmbH Mittelweg 120 , 20148 Hamburg , Germany T : + 49 40 413 227-0 F : + 49 40 413 227-89 , E : sales @ dermalog . com
Fingerprint Cards AB ( publ ) P . O . Box 2412 , SE-403 16 Gothenburg , Sweden Visiting address : Kungsportsplatsen 2 , SE-411 10 Gothenburg , Sweden T : + 46 ( 0 ) 31 60 78 20 , F : + 46 ( 0 ) 31 13 73 85 W : fingerprints . com
Fingerprint Sensors Market is expected to reach $ 14,500.07 Million by 2020 , at a CAGR of 17.1 %.
Fingerprint sensing technology has been
and is expected to hold a major market
considered to be one of the most reliable
share in 2014 , with the U . S . occupying
and cost effective biometrics
the largest market share . However , the
technologies . Currently , the demand for
growth rate of the North American
fingerprint sensors is expected to
market is expected to decline by 2020 ,
register a rapid growth which would be
with APAC expected to lead the said
majorly driven by its application in
market . The market for fingerprint
mobile applications , government ,
sensors in APAC is expected to grow at
defense and military , banking and
the highest CAGR of 23.6 % between
finance , travel and migration , criminal
2015 and 2020 .
identification , healthcare , smart homes ,
The major players in the fingerprint
and commercial security . Additionally ,
sensors market include Fingerprint
fingerprint sensors are of better quality ,
Cards AB ( Sweden ), Morpho ( France ),
cheaper , and more reliable compared to
Synaptics Inc . ( U . S .), 3M Cogent , Inc .
other biometrics technologies . Thus , the
( U . S .), IDEX ASA ( Norway ), Bio-Key
said market is expecting to witness
International , Inc . ( U . S .), Crossmatch
double digit growth rate in the coming
( U . S .), ekey biometric systems
five years .
( Slovenia ), BioEnable Technologies Pvt .
The fingerprint sensors market was
Ltd . ( India ), Next Biometrics Group ASA
valued at $ 5.5 Billion in 2014 and is
( Norway ), and DERMALOG Identification
projected to grow till $ 14.5 Billion by
Systems GmbH ( Germany ), Fingerprint
2020 . This market is expected to grow at
Cards ( FPC ) , Samsung and Synaptics ,
a CAGR of 17.1 % between 2015 and
Qualcomm , InvenSense
2020 . Additionally , in terms
of shipments , the fingerprint
sensors market is projected
to reach 10 Billion till 2020 ,
at a double digit CAGR
between 2015 and 2020 . The
rapid growth in the market
size is due to the successful
application of fingerprint
sensors in smartphones ,
tablets , and other electronics
consumer goods .
North America is the largest
market for fingerprint sensors
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