Fingerprint Sensor Market: Global Industry Analysis and Forecast (2023-2029)

Fingerprint Sensor Market was worth US$ 3.85 Bn. in 2022 and total revenue is expected to grow at a rate of 10% CAGR from 2022 to 2029, the Fingerprint Sensor Market is reaching almost US$ 7.50 Bn. in 2029.
Fingerprint Sensor Market Overview:
Fingerprint sensors are utilized in biometric fingerprint scanners and other fingerprint detecting systems. These gadgets have a fingerprint detection module built-in and are used for security and authenticity. The key characteristics of a biometric fingerprint scanner are accuracy, improved performance, and robustness, all of which are based on proprietary fingerprint biometric technology. A fingerprint scanner is a very safe and appropriate equipment. A fingerprint sensor's operation is mostly dependent on processing. Enrollment and matching are the two fundamental components of fingerprint processing.

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Fingerprint Sensor Market Dynamics:
In May 2022, OPPO unveiled the K9 5G Smartphone, which includes revolutionary technologies such as a Goodix in-display fingerprint sensor, highlighting the company's continuous relationship with the software and integrated chip design solution provider. Fingerprint Cards announced in February 2022 that their compact and curving capacitive touch sensor, FPC1542, would be integrated into Xiaomi's Redmi K40, K40 Pro, and K40 Pro+ Smartphone Applications, allowing for more streamlined mid-frame integration.

Biometric identification systems have become an important aspect of security measures for a variety of applications, including tracking employee attendance and combating online and offline scams. As a result, biometric authentication has become a must-have feature in smartphones, tablets, PCs, laptops, wearable devices, and other electronic gadgets. To ensure a safe and secure transaction, biometric authentication techniques such as fingerprint sensing, facial recognition, and iris scanning are used.

Fingerprint sensing technology is gradually being utilized in consumer devices such as smartphones and tablets due to its popularity and unique capabilities such as the capacity to collect characteristics such as ridges, valleys, and tiny points of each individual. Users can unlock their devices in a matter of seconds thanks to powerful fingerprint sensing technology. Apple (US), Samsung Electronics (South Korea), Huawei (China), Xiaomi (China), Lenovo (China), and LG Electronics (South Korea) have all aggressively introduced a wide range of smartphones with fingerprint sensors, which have acted as a primary driving factor for the fingerprint sensor market's growth.

The most well-known form of biometric security is fingerprint recognition. Biometrics' capacity to access biological parameters such as iris/retina, voice, pulse, DNA, and vein, on the other hand, provides a high level of security. As a result, facial recognition and iris scanning have gained in popularity in recent years and are likely to eventually replace fingerprint sensing. To find a match, a facial recognition system examines the form and position of several elements of the face. This technology has advanced rapidly in recent years, making it a great choice for use in a remote recognition system. This technology has advanced quickly in recent years, making it a great choice for use in a remote recognition system. A scanner reads out the unique properties of an iris, which are subsequently turned into an encrypted (bar) code when an iris scan is performed. Iris scanning is a well-known security technology, especially when it is done with infrared light.
Fingerprint Sensor Market Segment Analysis:
Fingerprint Sensor Market is segmented into Type, Technology and Application

Based on Type, the market is sub-segmented into Area and Touch Sensors and Swipe Sensors. Consumer devices commonly use area and touch sensors because they provide a high level of convenience and precision, allowing them to capture a larger market share. Touch sensors are becoming smaller and more cost-effective, as well as more convenient to use. These sensors are preferred by OEMs over swipe sensors, especially in mobile devices that require smaller sensors to generate more compact products that end-users prefer. Synaptics (US), Fingerprints (Sweden), Apple (US), and IDEX are just a few of the firms that make area and touch sensors (Norway). Samsung (South Korea), Apple (USA), and Xiaomi (China) are among the Smartphone OEMs that use touch sensors.

Based on Technology, the market is sub-segmented into 2D and 3D. at the end of 2029, the market for 2D sensor technology is expected to be worth USD 5,407 million. Detection and range tasks are best performed with 2D sensor technology. Due to its low cost, the technology continues to be a favoured alternative for OEMs, especially in mobile devices that require smaller sensors, to manufacture downsized products preferred by end users in the market. The market for 3D fingerprint sensors, on the other hand, is expected to rise at a faster CAGR of throughout the forecast period. The most accurate representation of a real fingerprint is 3D data. 3D sensors are available from FlashScan3D (US), Qualcomm (US), and Touchless Biometric Systems TBS (Switzerland) for access control, time & attendance, and other applications.

Based on Application, the market is sub-segmented into Government & Law Enforcement, Military, Defense, & Aerospace, Banking & Finance, Consumer Electronics/Mobile Devices, Travel & Immigration, Smart Homes, Healthcare and Commercial. With the increased demand for fingerprint sensors in consumer devices such as smartphones, tablets, laptops, and notebooks, the consumer electronics application is expected to account for the greatest share of the market for fingerprint sensors in the next years. During the forecast period, consumer IoT devices are projected to present opportunities for the market. Due to the increasing deployment of fingerprint sensors in smartcards used for payments, banking and finance is predicted to be the fastest-growing application throughout the forecast period. Several companies across the value chain, including fingerprint sensor makers, smartcard manufacturers, and card issuers, are working to boost the usage of biometric payment cards around the world.
Fingerprint Sensor Market Regional Insights:
The growing use of biometric devices in various companies, the rise of wearable devices, and rising security and safety concerns are expected to propel the fingerprint sensors market in the Asia Pacific region at a substantial rate throughout the forecast period. One of the major drivers for the mobile biometrics market in the area is expected to be the rise in mobile transactions in countries like India and China.

The number of Smartphone shipments in China is really high. It is also projected to propel the region's fingerprint sensor industry, with nearly all recent smart phones including one, whether capacitive or optical. In 2022, China shipped 369 million smart phones, while distribution channels began clearing 4G inventories in preparation of 5G adoption in the coming year. 5G smart phones are predicted to exceed 150 million units in 2022, thanks to a greater rollout of 5G and more incentives provided by carriers this year. In the fourth quarter of 2022, Huawei alone shipped 33 million smart phones.

The objective of the report is to present a comprehensive analysis of the global Fingerprint Sensor market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Fingerprint Sensor market dynamics, structure by analyzing the market segments and projecting the global FINGERPRINT SENSOR market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Fingerprint Sensor market make the report investor’s guide.
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Global Fingerprint Sensor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.85 Bn.


Forecast Period 2023 to 2029 CAGR:
10%
Market Size in 2029:
US $ 7.50 Bn.


 Segments Covered:
by Type
Area & Touch Sensors
Swipe Sensors


by Technology
2D
3D


by Application
Government & Law Enforcement
Military, Defense, & Aerospace
Banking & Finance
Consumer Electronics/Mobile Devices
Travel & Immigration
Smart Homes
Healthcare
Commercial



Fingerprint Sensor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Fingerprint Sensor Market key player
1. Apple Inc.
2. Fingerprint Cards AB
3. Synaptics Inc.
4. Egis Technology Inc.
5. Goodix Ltd
6. Silead Inc.
7. Safran Identity & Security (Morpho)
8. Idex ASA
9. Thales SA
10. 3M Cogent Inc.
11. Suprema Inc.
12. Crossmatch
13. Dermalog Identification Systems GmbH
14. NEC Corporation
15. IDEMIA (France)
16. HID Global Corporation (US)
17. Thales Group (France)
18. Qualcomm Technologies Inc. (US)
19. Fingerprint Cards AB (Sweden)

Frequently Asked Questions:

1. Which region has the largest share in Global Fingerprint Sensor Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Fingerprint Sensor Market?
Ans: The Global Fingerprint Sensor Market is growing at a CAGR of 10% during forecasting period 2023-2029.

3. What is scope of the Global Fingerprint Sensor market report?
Ans: Global Fingerprint Sensor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Fingerprint Sensor market?
Ans: The important key players in the Global Fingerprint Sensor Market are – , Apple Inc., Company Overview, Financial Overview, Global Presence, Capacity Portfolio, Business Strategy, Recent Developments, Fingerprint Cards AB, Synaptics Inc., Egis Technology Inc., Goodix Ltd, Silead Inc., Safran Identity & Security (Morpho), Idex ASA, Thales SA, 3M Cogent Inc., Suprema Inc., Crossmatch, Dermalog Identification Systems GmbH, NEC Corporation, IDEMIA (France), HID Global Corporation (US), Thales Group (France), Qualcomm Technologies Inc. (US), and Fingerprint Cards AB (Sweden)

5. What is the study period of this market?
Ans: The Global Fingerprint Sensor Market is studied from 2022 to 2029.