PUBLISHER: KBV Research | PRODUCT CODE: 1410301
PUBLISHER: KBV Research | PRODUCT CODE: 1410301
The Asia Pacific Fingerprint Sensor Market would witness market growth of 13.6 % CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 41,479.4 thousand units, showcasing a growth of 13.5 % (2019-2022).
Fingerprint sensors are employed in airport security for identity verification and streamlined travel processes. Biometric authentication, including fingerprint recognition, expedites check-in procedures and enhances security. The hospitality industry utilizes fingerprint sensors to secure access to hotel rooms and facilities. Guests can use biometric authentication to unlock doors and access personalized services. Fingerprint sensors have long been a critical tool in law enforcement for criminal identification and forensic investigations. Fingerprints' unique and permanent nature makes them invaluable for solving crimes and establishing identities.
Fingerprint sensors are increasingly used in retail settings, especially for secure point-of-sale transactions. This application helps prevent unauthorized access to transaction systems and protects customer payment information. Fingerprint sensors are increasingly integrated with cutting-edge technologies such as artificial intelligence (AI) and machine learning. This integration enhances the accuracy and efficiency of fingerprint recognition systems. AI algorithms help learn and adapt to individual user patterns, improving overall performance and security. A significant trend in the market is the development and adoption of under-display fingerprint sensors. This technology allows fingerprint sensors to be seamlessly integrated beneath the device's display, eliminating the need for a physical button or a separate sensor. Under-display sensors contribute to a sleeker design and a more immersive user experience.
Fingerprint sensors are utilized for accurate and secure patient identification, reducing the risk of errors in medical records, and ensuring that the right patient receives the right care in China. Fingerprint sensors contribute to efficient workforce management by providing a secure and convenient method for tracking staff attendance and authentication, ensuring that only authorized personnel can access sensitive areas in China. Fingerprint sensors in mobile devices contribute to secure mobile health (mHealth) applications in China. Fingerprint sensors provide an additional layer of security for virtual consultations in telemedicine in China. Fingerprint sensors help prevent identity theft and fraud in healthcare by ensuring that individuals accessing healthcare services are accurately identified, reducing the risk of fraudulent activities in China. Therefore, due to these aspects, the market will expand across the Asia Pacific region in the upcoming years.
The China market dominated the Asia Pacific Fingerprint Sensor Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,133.5 Million by 2030. The Japan market is registering a CAGR of 12.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 14.3% during (2023 - 2030).
Based on Technology, the market is segmented into Capacitive, Thermal, Optical, and Others. Based on Vertical, the market is segmented into Consumer Electronics, Government & Defense, BFSI, Healthcare, Commercial Security, Smart Homes, Travel & Immigration, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Fingerprint Sensor Market Report Segmentation
By Technology (Volume, Thousand Units, USD billion, 2019-2030)
By Vertical (Volume, Thousand Units, USD billion, 2019-2030)
By Country (Volume, Thousand Units, USD billion, 2019-2030)