Government agencies, courts, military headquarters, and other public and private agencies are swiftly installing fingerprint sensors to enhance the security of their premises. Moreover, the government agencies are adopting these instruments in large numbers to authenticate the identity and prevent duplication, while providing services to the public.
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The surging demand from the government sector will, therefore, increase the fingerprint sensors market size from $3.8 billion in 2019 to a significant amount by 2030. According to P&S Intelligence, the market will demonstrate a CAGR of 13.6% during 2020–2030. Currently, the market is observing a trend of largescale adoption of in-display fingerprint sensors across various sectors.
This is due to the surging penetration of smartphones and growing use of online payments. Furthermore, escalating focus of smartphone producers on reducing bezels and making the devices smoother and sleeker has led to the rapid integration of these sensors in electronics products, thus, supporting the adoption of such products.
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This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings