TMCnet News

Amid the COVID-19 crisis and the looming economic recession, the Silicon-Based Fingerprint Sensors market worldwide will grow by a projected US$146.4 Million, during the analysis period
[May 25, 2020]

Amid the COVID-19 crisis and the looming economic recession, the Silicon-Based Fingerprint Sensors market worldwide will grow by a projected US$146.4 Million, during the analysis period


NEW YORK, May 25, 2020 /PRNewswire/ --

Amid the COVID-19 crisis and the looming economic recession, the Silicon-Based Fingerprint Sensors market worldwide will grow by a projected US$146.4 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 6.7%. Swipe, one of the segments analyzed and sized in this study, is forecast to grow at over 7.3% and reach a market size of US$347.9 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Swipe market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

 

Read the full report: https://www.reportlinker.com/p01048425/?utm_source=PRN

 

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 7.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$6.5 Million to the region's size over the next 7 to 8 years. In addition, over US$6.6 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Swipe segmnt will reach a market size of US$22.5 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Silicon-Based Fingerprint Sensors market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.9% over the next couple of years and add approximately US$23.5 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Silicon-Based Fingerprint Sensors market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.



Competitors identified in this market include, among others, Egis Technology Inc. ; Fingerprint Cards AB; Fujitsu Limited; IDEX ASA; Jiangsu Winch Corp., Ltd.; Microchip Technology, Inc.; NEXT Biometrics Group ASA ; Synaptics, Inc.


Read the full report: https://www.reportlinker.com/p01048425/?utm_source=PRN

Read the full report: https://www.reportlinker.com/p01048425/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

Cision View original content:http://www.prnewswire.com/news-releases/amid-the-covid-19-crisis-and-the-looming-economic-recession-the-silicon-based-fingerprint-sensors-market-worldwide-will-grow-by-a-projected-us146-4-million-during-the-analysis-period-301064840.html

SOURCE Reportlinker


[ Back To TMCnet.com's Homepage ]