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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