Lucintel's latest market report analyzed that fingerprint sensor provides attractive opportunities in the consumer electronic, travel and immigration, government and law enforcement, banking & finance, commercial, automotive, smart homes, healthcare, and military, defense, and aerospace industries. The fingerprint sensor market is expected to reach $3.9 billion by 2028 with a CAGR of 11%. In this market, capacitive is the largest segment by product type, whereas consumer electronic is largest by end use industry.
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Based on product type, the fingerprint sensor market is segmented into capacitive, optical, thermal, and ultrasonic. The capacitive segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to highly compatible with mobile and portable devices and are economical as compared to other sensors.
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The Fingerprint Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering fingerprint sensor include Qualcomm, TDK, Vkansee Technology, Egis Technology, and Fingerprint Cards.
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