The Latin America Fingerprint Sensors Market is expected to grow at a considerable way over the forecast period. It is forecasted that the fingerprint sensors market in this region is growing, recording a CAGR of over 13.06% from 2021 - 2026.
Fingerprint sensors are the security systems of biometrics that are now increasingly used by police, security industries and most recently, smartphones too. Everyone has marks on their fingers that cannot be removed or changed in any way, which has a distinct pattern known as a fingerprint. As there are numerous combinations of identification terms, these prints have become an ideal means of description.
The growth of the Latin America Fingerprint Sensors Market is credited to the growing technological developments along with the higher security-related risks and the rising mobile users in the world.
CrucialTec has developed a standalone fingerprint module, that can be installed in any type of connection, or Internet of Things (IoT) devices, which is unique in that it operates on its embedded processor. In contrast, other fingerprint scanners for smartphones typically require the processing capability of a smartphone application processor chip.
Shenzhen Goodix has an automotive fingerprint authentication solution that enables the secured identification in the vehicle with a log-in of one-press and access to customized driver profiles, settings, and smart locks.
Drivers and Restraints of Latin America Fingerprint Sensors Market
The growing number of government projects in the region for the encouragement of the usage of fingerprint biometric technologies that are initiated to avoid data theft and reduce the crime rate is the primary driver for the growth of the Latin America Fingerprint Sensors Market. Also, the presence of a large number of manufacturers and designs in fingerprint sensors will lead to high intensity of competition is boosting the growth of the fingerprint sensors market in Latin America.
However, their highly sensitive character, while usage of cheap components would lead to a denial of access to the authorized person is the significant challenge that the Latin America Fingerprint Sensors Market is facing.
By Sensor Type: Area & Touch Sensors and Swipe Sensors.
By Material: Pyroelectric Material (Lithium Tantalate), Coating Material, Piezoelectric Material (Quartz), and Adhesives.
By Technological Outlook: Optical, Capacitive, RF Capacitive, and Other.
By Application: Government & Law Enforcement, Military, Defense, & Aerospace, Banking & Finance, Consumer Electronics/Mobile Devices, Travel & Immigration, Smart Homes, Healthcare, and Commercial.
By Region: Brazil, Mexico, Argentina, Chile & the Rest of LATAM. In the regional analysis of the Latin America Fingerprint Sensors Market, countries such as Brazil, Mexico, and Argentina are the major contributors to the market's revenue. At present, Brazil is a country that is dominating the revenue share. However, the fingerprint sensors market in Mexico is anticipated to grow at a higher CAGR because of an increase in the number of government projects the use of fingerprint biometric technologies to control the expanding crime rate within the area.
The key players of the Latin America Fingerprint Sensors Market include Shenzhen Goodix Technology Co., Ltd. (China), Fingerprint Cards AB (Sweden), Synaptics Incorporated (US), Apple Inc. (US), Egis Technology Inc. (Taiwan), CrucialTec (South Korea), NEXT Biometrics Group ASA (Norway), Novatek Microelectronics Corp. (Taiwan), Q Technology (Group) Company Limited (China), Qualcomm Technologies, Inc. (US), IDEX Biometrics ASA (Norway), and Others.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Technology
5.1.6 Y-o-Y Growth Analysis
5.1.7 Market Attractiveness Analysis
5.1.8 Market Share Analysis
5.2 By Application
5.2.2 Banking and Finance
5.2.5 Consumer Electronic
5.2.6 Other Applications
5.2.7 Y-o-Y Growth Analysis
5.2.8 Market Attractiveness Analysis
5.2.9 Market Share Analysis
5.3 By Sensor Type
5.3.1 Static Sensor
5.3.2 Swipe Sensor
5.3.4 Y-o-Y Growth Analysis
5.3.5 Market Attractiveness Analysis
5.3.6 Market Share Analysis
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Technology
126.96.36.199 By Application
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Technology
220.127.116.11 By Application
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Technology
126.96.36.199 By Application
6.5 Latin America
6.4.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 Shenzhen Goodix Technology Co
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Fingerprint Cards AB
8.4 NEXT Biometrics Group ASA
8.5 Synaptics Incorporated
8.6 Qualcomm Technologies
8.7 Novatek Microelectronics Corp
8.8 Egis Technology Inc
8.9 Crucial Tec
8.10 Q Technology (Group) Company Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Latin America Finger Print Sensor Market By Region, From 2022 - 2027( USD Billion )
Latin America Finger Print Sensor Market By Technology, From 2022 - 2027( USD Billion )
Latin America Capacitive Market By Region, From 2022 - 2027( USD Billion )
Latin America Optical Market By Region, From 2022 - 2027( USD Billion )
Latin America Ultrasonic Market By Region, From 2022 - 2027( USD Billion )
Latin America Thermal Market By Region, From 2022 - 2027( USD Billion )
Latin America Finger Print Sensor Market By Application, From 2022 - 2027( USD Billion )
Latin America Banking and Finance Market By Region, From 2022 - 2027( USD Billion )
Latin America Government Market By Region, From 2022 - 2027( USD Billion )
Latin America Commercial Market By Region, From 2022 - 2027( USD Billion )
Latin America Consumer Electronics Market By Region, From 2022 - 2027( USD Billion )
Latin America Other Applications Market By Region, From 2022 - 2027( USD Billion )
Latin America Finger Print Sensor Market By Sensor Type, From 2022 - 2027( USD Billion )
Latin America Static Sensor Market By Region, From 2022 - 2027( USD Billion )
Latin America Swipe sensor Market By Region, From 2022 - 2027( USD Billion )
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