North America Fingerprint Sensor Market to Reach CAGR of 14.74% 2017-2022

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The North America fingerprint sensor market is projected CAGR of 14.74% during the forecast period of 2017 – 2022.

North America is one of the biggest markets for fingerprint sensors. The market is big and increasing year by year. This is happening because of the multiple uses of these fingerprint sensors in the region. The uses vary from the defence, consumer electronics sector to retail and healthcare sector.

North America has been a pioneer in developing new phones and is one of the most important markets for smartphone companies. The use of fingerprint sensors is increasing in phones these days. With applications coming in the market through which payments can be made in shops through phones, the market for fingerprint sensors will increase in the years to come to make safe payments.

USA is also one of the big markets for installation of security systems. In the light of increased terrorist activities, the need for security systems is increasing by a huge margin in the region. Many companies have started installing advanced security systems to keep their office and the workers safe. Security systems like fingerprint sensors prevent unknown people from entering the workplace without proper authorization. It also doubles up as a method for a company to know when the employees enter and leave the office.

Major companies in the market like Siemens, Alps Electric, 3M, Atmel, Fujitsu are pushing for more applications of the fingerprint sensors in the market.