A Huge Growth in the Market for Fingerprint Sensor Used First by Apple Inc. (NASDAQ:AAPL)

Apple Inc
Apple Inc

Apple Inc. (NASDAQ:AAPL), the largest tech company in the world, has won a new pool of followers with its fingerprint sensor that features in iPhone 5s. According to analysts the market is now expected to grow in demand for fingerprint sensors in the future.

This prediction for a new market for fingerprint sensors might be a little surprising for some, because the fingerprint sensor technology has lost some of its gleam despite being an added security feature. This lack of attention to this the new technology can also be attributed to the introduction of new Retina display iPad Air and iPad mini; both of these gadgets do not features the fingerprint sensor.

According to HIS, Apple is now not the only one with fingerprint sensors in its smartphone, One Max by HTC Corp (TPE:2498), the Konka k5 Van Gogh and Pantech Vega Secret Note are also on the same path. Analysts expect that Samsung Electronics Co., Ltd.(KRX:005930) will also introduce a smartphone with its own fingerprint sensor feature.

Analysts believe that in the year 2017 around 525 million smartphones with fingerprint sensors will be shipped internationally; by the end of this year this figure will stand at 45.7 million. A few reports have said that so far this technology has proved to be a bit unreliable. According to an HIS senior analyst, Marwan Boustany, this features though sounds attractive has not yet been accepted that much. However, analysts believed that Apple has changed the game by its AuthenTeca purchase earlier this year.

In Tuesday’s premarket, shares of Apple Inc. (NASDAQ:AAPL) went down by -0.43% ($524.50).