The adoption of Fingerprint Cards in consumer electronics, government support activities, banking, and many other sectors has surged over the past few years leading to expanding the global fingerprint cards market. These smart cards embed the fingerprint sensors, which is a relatively new concept in the smart card industry. In addition to this, industries such as commercial security fingerprint, travel & immigration, military, defense, aerospace have started using fingerprint cards over the past couple of years. Thus, with increasing applications of the fingerprint cards, the global market will project a vigorous growth over the forecasted period.
According to AMA, the market for Fingerprint Cards is expected to register a CAGR of 16.42% during the forecast period to 2026. This growth is primarily driven by Increasing Security Concerns in Numerous Applications across the Globe and Growing Adoption of Fingerprint Cards in Smartphones.
Globally, a noticeable market trend is evident Introduction to Biometrics Enabled Applications in Mobile Commerce
. The Sensor Systems sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as MoriX (Albania), Zwipe AS (Norway), KONA I (Korea), Oberthur Technology (France), ChipSilicon - Smart Cards & RFID solutions (India), Apple (United States), Goodix (China), Egis Technology (Taiwan), Synaptics (United States) and NEXT Biometrics (Norway) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 21st, November 2018, Biometric technology company “Zwipe” and production equipment manufacturer “Smart Technology Services (STS)” have partnered to jointly develop, test and launch a complete manufacturing solution allowing card manufacturers and issuers to easily implement a proven production environment for biometric payment cards.
- Increasing Security Concerns in Numerous Applications across the Globe
- Growing Adoption of Fingerprint Cards in Smartphones
- Introduction to Biometrics Enabled Applications in Mobile Commerce
- Technological Advancements in Attendance and Time Capturing
- Higher Initial Investments for Fingerprint Cards
- Lower Adoption Rate in Underdeveloped Countries
Maximum Adoption in IoT based Applications and Software and Increasing Adoption of Fingerprint Cards in Banking and Finance Applications
Skilled Workforce is required for Data Fetching and Hardware Deployment and Efficiency of Fingerprint Cards, Opting Reliable Sensors
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fingerprint Cards Study Sheds Light on
The Fingerprint Cards Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fingerprint Cards industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fingerprint Cards industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.