Government Agencies Massively Procuring Fingerprint Sensors

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Prescient Strategic (PS) Intelligence Pvt.
Ltd. All rights reserved 1
2022
Government Agencies Massively Procuring
Fingerprint Sensors
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The fact that fingerprints can be used to
identify an individual has been known since
ancient times, with records suggesting the
concept to be in practice in Egypt as
early as 2,000 BC. By the 1920s,
governments around the world were widely
using these features as proofs of identity.
Then, people were simply made to cover
their fingerprints with ink, for their
impressions to be recorded on plain paper.
With time, the science of capturing,
storing, and analyzing fingerprints has
advanced significantly, with electronic means
now being more widely used. Thus, with the
growth of this practice, PS Intelligence
expects the fingerprint sensors market value to
rise from 3.8 billion in 2019 at a high 13.6
CAGR between 2020 and 2030 (forecast
period). For the longest time, fingerprints
have been leveraged by governments for
employee and citizen enrolment and
verification. They are used for enrolling
people for ration cards and other public
services and during criminal investigations.
However, now, the practice has become
popular in many other industries, such
as consumer electronics, corporate,
banking, financial services, and
insurance (BFSI), hospitality and healthcare,
retail, and automotive. Request for sample copy
of this report https//www.psmarketresearch.com/m
arket- analysis/fingerprint-sensors-market-outlook
/report-sample e Apart from government, the
BFSI sector is rather significant from the point
of the usage of fingerprint identification.
Since this industry deals with money,
security is of the highest importance
here. Therefore, the identity of an
individual must be firmly established before
any new account is opened, funds are
withdrawn, or loan is issued. With the
increasing incidence of thefts causing banks
millions of dollars in losses, this
industry is increasingly using swipe
and area/touch sensors to capture the patterns,
folds, arches, and whorls on peoples
fingertips, to ascertain their identity. Earlier,
these components were majorly used
at BFSI institutions themselves, with
company employees scanning the fingerprints
of
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customers. However, with further enhancements
in technology and their miniaturization,
they are being increasingly integrated
into payment cards. Both Visa and Mastercard
have launched biometric credit/debit cards
with embedded fingerprint sensors only once
the chip on the card authenticates the
fingerprint of the user is the
transaction approved. In an era when
these cards and the user information
stored on them can be easily duplicated
and changed, fingerprint sensors offer an added
layer of security. Browse full report at
https//www.psmarketresearch.com/market-
analysis/fingerprint-sensors-market-outlook More
over, the fingerprint sensors market is
also driven by the growing demand for
advanced consumer electronics.
These components are a common feature of
modern smartphones, tablets, and laptops,
used primarily to unlock the screen or
sign-in to the user account. Further, an
array of mobile apps can be synchronized
with the phones fingerprint sensor for
signing-in. Since a lot of people have
BFSI and healthcare apps on their phones
apart from contacts, such components have
become an important security
feature. Till now, most of the fingerprint
sensors embedded into smartphones and tablets
are incorporated either on the backside or
the side edge. However, they have
raised customers eyebrows as such
an incorporation destroys the devices
appearance. Thus, with modern and sleek
smartphones and tablets in trend,
fingerprint sensors are being embedded into
the device display, but in a way that
they are invisible to the naked eye. Only
when the screen unlock button is pressed
does the fingerprint icon appears on the
screen. Because of all these reasons, the
highest revenue to the fingerprint
sensors market is contributed by
Asia-Pacific (APAC). Most consumer
electronics are produced in China,
India, South Japan, and Taiwan, which
creates a high demand for
of the Korea, these
components. Similarly, the vast population
of the region necessitates their usage for
government purposes. For instance, when the
Indian
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• government had the Aadhaar cards made,
  everybodys fingerprints were scanned and
  incorporated into their individual citizen
  profiles.
• Hence, with the changing security and identity aut
  hentication requirements, the usage of
  fingerprint sensors will grow.
• Market Size Breakdown by Segment
• By Type
• Area/Touch Sensors
• Swipe Sensors
• By Technology
• Capacitive
• Optical
• Thermal
• Ultrasonic
• Others (Pressure Fingerprint Sensing and Radio
  Frequency RF Fingerprint Sensing)
• By Vertical
• Consumer Electronics
• Smartphone
• Wearable device
• Laptop/notebook/personal computer (PC)

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• By technology
• By vertical
• By country Germany, France, U.K., Italy,
  Russia, and Rest of Europe
• Asia-Pacific (APAC) Fingerprint Sensors Market
• By type
• By technology
• By vertical
• By country Japan, China, India, South Korea,
  and Rest of APAC
• Latin America (LATAM) Fingerprint Sensors Market
• By type
• By technology
• By vertical
• By country Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Fingerprint Sensors
  Market
• By type
• By technology
• By vertical
• By country Turkey, South Africa, U.A.E., Egypt,
  and Rest of MEA

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