Since no two people can have the same pattern of markings on their fingertips, fingerprint sensors have become an important tool in security applications. Almost all new smartphones come with an integrated fingerprint sensor that established the identity of the user for unlocking the screen and allowing access to certain applications with such security locks.
In 2017, almost 50% of all smartphones produced had such components, and the next year, the percentage increased to 60%. Thus, with the consistent increase in smartphone sales around the world, the fingerprint sensors market size, as computed by PS Intelligence, is expected to increase from $3.8 billion in 2019 at a high 13.6% CAGR between 2020 and 2030 (forecast period).
In the beginning, mobile phones were mostly produced in Europe and North America, and they were expensive for the common folk. But, since the entry of Chinese companies in smartphone production, their prices have dropped drastically, and the masses are now able to purchase them. Similarly, these devices are gaining popularity in the government sector, where identity authentication is even more important.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/fingerprint-sensors-market-outlook/report-sample
An increasing number of government complexes, including income tax offices and military establishments, are using fingerprint sensors are an important access control tool. Since these places have tonnes of sensitive information, who it is exposed to is critical. Similarly, with governments around the world going digital, they are replacing handwritten signatures with electronic fingerprint data for the distribution of public services.
For instance, drivers’ licenses often carry a microchip containing biometric information such as the fingerprint and iris scans of users. Thus, with the strengthening need to secure sensitive information and authenticate the identity of users, fingerprint sensors will continue to be important.
