Global Fingerprint Cards Market Overview:
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. Some of the players profiled in the study are 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). According to Market Analyst at AMA, the Global Fingerprint Cards market may see a growth rate of 16.42% and would reach the market size of USD9.68 Million by 2025.
On the basis of geography, the market of Fingerprint Cards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Capacitive will boost the Fingerprint Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Card Type, the sub-segment i.e. Payment Card will boost the Fingerprint Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- 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
- Increasing Adoption of Fingerprint Cards in Banking and Finance Applications
- Skilled Workforce is required for Data Fetching and Hardware Deployment
- Efficiency of Fingerprint Cards, Opting Reliable Sensors
Key Market Developments:
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.
Seldom manufacturers are available in the market who can provide fingerprint cards. Hence the overall fingerprint cards market is under moderate competitive rivalry. Moreover, due to higher initial investments in the fingerprint card manufacturing, the threat of new entrants is rare. Thus, the global market will have an oligopoly in the overall market since the top players have covered almost 50 % of the global market share.
Fingerprint Card Manufacturers, Fingerprint Card Distributors, Fingerprint Cards Upstream and Downstream Buyers, Research Organizations and Consulting Companies, Electronic Hardware Equipment Manufacturers and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Fingerprint Cards market on the basis of product [Fully ISO/IEC 7810 Compliant and ISO/IEC 14443 Contactless Interface Only] , application [Consumer Electronics, Government & Law Enforcement, Travel & Immigration and Banking & Finance], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fingerprint Cards market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fingerprint Cards industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Fingerprint Cards (Sweden) and IDEX ASA (Norway).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fingerprint Cards market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.