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PORTLAND, Ore., April 7, 2021 /PRNewswire/ Allied Market Research published a report, titled, Fingerprint Sensor Market by Type (FAP 10, FAP 20, and FAP 30), and End Use (Banking & Finance, Government & Law Enforcement, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global fingerprint sensor industry was estimated at $2.93 billion in 2019, and is anticipated to hit $9.41 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in use of fingerprint sensors for biometric authentication in consumer electronics, increase in adoption of biometric authentication in government buildings, surge in the number of identity threats, and emergence of touch less fingerprint technologies drive the growth of the global fingerprint sensor market. On the other hand, security threats pertaining to biometric database and high cost as
Fingerprint Sensor Market to Reach $9 41 Bn, Globally, by 2027 at 14 5% CAGR: Allied Market Research
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Fingerprint Sensor Market to Reach $9 41 Bn, Globally, by 2027 at 14 5% CAGR: Allied Market Research
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