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<br>The COVID-19 pandemic is impacting the civilization and overall economy across the globe. The impact of this outbreak is increasing day by day as well as disturbing the supply chain. It is creating uncertainty in the stock market, falling business confidence, massive slowing of the supply chain, and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to the closure of manufacturing units in the region. Actions of production and manufacturing businesses have been severely impacted by the outbreak of the COVID-19 disease,
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Global Fingerprint Sensor Market The global fingerprint sensors market is anticipated to grow from USD 4.01 billion in 2020 to USD 10.8 billion by 2027, growing at a CAGR of 15.2% during the forecast period 2021-2027. A fingerprint sensor is a kind of electronic security system that uses fingerprints for biometric authentication to grant user access to a device, information, or to accept transactions. The fingerprint sensors market has prolonged rapidly over the past few years, and it is projected to rise even more during the forecast period. Increased adoption of smartphones, swelling security applications, and government initiatives to adopt biometrics tend to be the key factors driving the demand for fingerprint sensors globally. The COVID-19 pandemic is impacting the civilization and overall economy across the globe. The impact of this outbreak is increasing day by day as well as disturbing the supply chain. It is creating uncertainty in the stock market, falling business confidence, massive slowing of the supply chain, and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to the closure of manufacturing units in the region. Actions of production and manufacturing businesses have been severely impacted by the outbreak of the COVID-19 disease, which has led to a slowdown in the growth of the fingerprint sensor market in 2020.
Global Fingerprint Sensor Market The Asia-Pacific leads the global fingerprint sensors market in 2020 and is expected to uphold its dominance during the forecast period. Asia-Pacific provides huge opportunities for the fingerprint sensor device market due to the rising demand for these devices in abundant verticals, including consumer electronics, automotive, and commercial sectors in Asian countries such as China, Korea, Taiwan, the Philippines, and India. The increasing distribution of fingerprint sensors in consumer electronics, particularly in smartphones, has driven the growth of the fingerprint sensor market in the Asia-Pacific region. China is playing a substantial role in the growth of the fingerprint sensor market in APAC as a rare of the key smartphone manufacturers, including Xiaomi, Oppo, and Vivo, are headquartered in China. North America is expected to be the fastest-growing region in the fingerprint sensor market during the forecast period. North America is an established region and hence, revolutions and new technologies are likely to be trends observed in the region over the next few years. North America holds a noteworthy share of the global fingerprint sensors market in 2019. For the same purpose, North America is expected to witness maximum opportunity addition in the fingerprint sensors market.
Global Fingerprint Sensor Market Qualcomm has launched a second-generation variety of its ultrasonic in-display fingerprint sensor, the 3D Sonic Max, that to fix the problems with the original 3D Sonic Sensor by proposing a sensor that’s 17 times bigger than the one that was launched formerly. Samsung has launched its finest Galaxy Chromebook at CES. It structures Fingerprints Card AB’s FPC1145 sensor for a suitable extra layer of corporate and end-user security. For this model, the company carried out its unique software with features like FPC OneTouch, FPC 360Touch, and EvoTouch. Some of the key players operating in the global fingerprint sensors market: Thales Group, IDEMIA, Apple Inc., Synaptics Incorporated, Egis Technology Inc., 3M Congent Inc., Crossmatch, SecuGen Corporation, HID Global Corporation, Precise Biometrics.
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