Apac Expected to Dominate the Fingerprint Sensors Market
Countries such as China, South Korea, and India are majorly driving the growth of the fingerprint sensors market in Asia-Pacific. These countries have a considerable market size and offer a significant scope for the development of the fingerprint sensors market. Asia-Pacific is home to more than half of the world’s population.
The rise of the middle class in China and India and other major emerging markets in the region largely drives the consumer expenditure. Factors such as the large population, rapid urbanization, rising disposable income, and growing middle class in APAC region are some of the drivers for the growth of the market for fingerprint sensors in the consumer electronics application in APAC.
The increasing usage of mobile devices and the growing penetration of fingerprint sensors in mobile devices is one of the driving factors for the market in the APAC region. The government projects in APAC region and the increasing non-cash transactions provide opportunities for the growth of the smart cards and fingerprint sensors market.