Frost Radar™: Global Fingerprint Sensors Market, 2020
Published on: 18-Sep-2020 | SKU: ES01166-GL-MR_24733

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Globally, biometric fingerprint technology is experiencing increased adoption across industries. Integration of fingerprint sensors in smartphones, tablets, and other Internet of Things (IoT) devices is spurring exponential market growth. Enhanced security, ease of use, and advanced capabilities are making fingerprint sensors popular additions to consumer electronics and subsequently causing a convergence of applications across industries. For example, mobile devices with embedded fingerprint sensors are now used for online banking, payments, time and attendance, and personal identification.

Government and law enforcement agencies use fingerprint sensors and scanners extensively for various applications. Banks and financial services companies use fingerprint technology as well; for instance, smart cards fitted with fingerprint readers are popular in banking and payment applications. Other industries adopting fingerprint biometrics are healthcare; private enterprises for time, attendance, and access control; retail; hospitality; and education. The automotive and smart home sectors are emerging as major adopters of biometric technology, and they will create high demand in the mid-to-long term.

The global fingerprint sensors market is competitive and growing quickly. In a field of about 60 global industry participants, Frost & Sullivan independently plotted the top 12 companies in this Frost Radar™ analysis. The selected market participants exhibit expertise in different fingerprint sensor technologies, such as optical, thermal, capacitive, and ultrasonic. The top sensor manufacturers have introduced sensors that are increasingly thin, lightweight, and flexible for integration into various devices and for high-quality image capture.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Nandini Bhattacharya

Strategic Imperative

Growth Environment

Growth Environment (continued)

Frost Radar™: Global Fingerprint Sensors Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Egis Technology

Fingerprint Cards

FocalTech Systems

Goodix Technology 

IDEX Biometrics 

NEXT Biometrics

OXi Technology

Sonavation

Suprema

Synaptics

Touch Biometrix

Vkansee

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

Globally, biometric fingerprint technology is experiencing increased adoption across industries. Integration of fingerprint sensors in smartphones, tablets, and other Internet of Things (IoT) devices is spurring exponential market growth. Enhanced security, ease of use, and advanced capabilities are making fingerprint sensors popular additions to consumer electronics and subsequently causing a convergence of applications across industries. For example, mobile devices with embedded fingerprint sensors are now used for online banking, payments, time and attendance, and personal identification. Government and law enforcement agencies use fingerprint sensors and scanners extensively for various applications. Banks and financial services companies use fingerprint technology as well; for instance, smart cards fitted with fingerprint readers are popular in banking and payment applications. Other industries adopting fingerprint biometrics are healthcare; private enterprises for time, attendance, and access control; retail; hospitality; and education. The automotive and smart home sectors are emerging as major adopters of biometric technology, and they will create high demand in the mid-to-long term. The global fingerprint sensors market is competitive and growing quickly. In a field of about 60 global industry participants, Frost & Sullivan independently plotted the top 12 companies in this Frost Radar™ analysis. The selected market participants exhibit expertise in different fingerprint sensor technologies, such as optical, thermal, capacitive, and ultrasonic. The top sensor manufacturers have introduced sensors that are increasingly thin, lightweight, and flexible for integration into various devices and for high-quality image capture. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Nandini Bhattacharya
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Nandini Bhattacharya
Industries Electronics and Sensors
WIP Number K46C-01-00-00-00
Is Prebook No
GPS Codes 99D5-A1

Frost Radar™: Global Fingerprint Sensors Market, 2020

Electronics and SensorsFrost Radar™: Global Fingerprint Sensors Market, 2020

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
18-Sep-2020
REGION
Global
Deliverable Type
Frost Radar
Research Code: K46C-01-00-00-00
SKU: ES01166-GL-MR_24733
AvailableYesPDF Download
$4,950.00
In stock
SKU
ES01166-GL-MR_24733