| Status : Published | Published On : Jan, 2024 | Report Code : VRSME9051 | Industry : Semiconductor & Electronics | Available Format :
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Page : 190 |
Global Fingerprint Sensor Market – Analysis and Forecast (2025-2030)
Industry Insight by Component (Intraoperative Diagnostic Systems (Angiography System, MRI System, CT Scanner, and Others), Operating Room Fixtures(Operating Table, Operating Room Light, Radiation Shield, and Others), Surgical Instruments, Audio Display System and Tools, and Others), by Application (Neurosurgical, Cardiovascular, Thoracic, Orthopedic, and Others), by End-User (Hospitals and Surgical Centers and Ambulatory Surgical Centers), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The global Fingerprint sensor market is expected to grow from USD 4.01 billion in 2023 to USD 12.8 billion by 2030 at a steady compound annual growth rate of 15.2% CAGR during the forecast period.
Fingerprint sensors refer to specially designed systems for providing electronic security. These advanced systems use biometric technology such as fingerprints to authenticate ab access to a device, any specific information, or to make a transaction. These sensors are extensively used for different applications such as smartphones, laptops, access control systems in buildings and rooms, safes and locks, attendance systems, immigration and border control systems, banking, and financial systems to access ATMs, law enforcement, and healthcare sectors.
Fingerprint sensors refer to specially designed systems for providing electronic security. These advanced systems use biometric technology such as fingerprints to authenticate ab access to a device, any specific information, or to make a transaction. These sensors are extensively used for different applications such as smartphones, laptops, access control systems in buildings and rooms, safes and locks, attendance systems, immigration and border control systems, banking, and financial systems to access ATMs, law enforcement, and healthcare sectors. Fingerprint sensors are electronic security systems that utilize biometric authentication through fingerprints to provide user access to devices, and information, or facilitate transactions.
Market Segmentation
Insight by Technology
The global fingerprint sensor market is divided by technology into optical, capacitive, thermal, and ultrasonic segments. Out of these, the optical segment is expected to grow more due to higher demand for in-display fingerprint sensors in many smartphone brands.
Insight by Type
According to the type, the global fingerprint sensor market is divided into area & touch sensor and swipe sensor segments. Out of these two segments, the touch sensors segment is expected to grow more during the forecast period due to extensive use in consumer electronics, cost-effectiveness, and suitability across a wide range of devices.
Insight by Application
Applications also split the global fingerprint sensor market into smartphones, tablets, laptops, smartcards, IoT, and other segments. Among all these segments, the smartphone segment is expected to grow at a higher rate during the forecast period due to the higher adoption of smartphones by almost all manufacturers.
Insight by End-Use Industry
Different end users also divide the global fingerprint sensor market into consumer electronics, travel & immigration, government & law enforcement, banking & finance, commercial, smart homes, healthcare, military, defense, & aerospace. Among all these segments, the government and law enforcement segments will contribute the larger share of the market revenue during the forecast period due to growing safety concerns. At the same time, the healthcare segment will also grow at a faster rate to ensure precise patient identification for treatment and insurance purposes.
Industry Trends
Significant technological developments have reduced the size of fingerprint sensors. This allows integrating them into smaller and compact devices without compromising their functionality.
Growth Drivers
The most significant growth factor in the global fingerprint sensors market is rapid technological advancements. It is also attributed to the growing demand for secure and more convenient access to a device and information. Other factors that influence the market expansion include the growth of the mobile business, the growth of smartphone adoption, and higher investment in R&D.
Challenges
Diverse government regulations, a fall in manufacturing activities in the past couple of years due to the pandemic, and other limitations hinder the growth of the global fingerprint sensor market.
Opportunities
However, lucrative growth opportunities are offered by the growing adoption of IoT-based biometric technology, the growing adoption and use of these sensors in consumer electronics like smartphones, and design innovations such as thinner bezels and the integration of OLED panels.
Geographic Overview
The Asia-Pacific region leads the market due to larger growth opportunities and the growing demand for sensors across different industry verticals such as consumer electronics, automotive, and commercial sectors in developing countries like China, Korea, Taiwan, the Philippines, and India.
North America is also expected to grow at a faster rate due to new technologies and higher adoption of fingerprint sensors.
Competitive Insight
The fingerprint sensor market is moderately fragmented with separate international companies such as Qualcomm, Fingerprint Card AB, and Synaptics occupying a significant market share by organizing their solutions in various smartphones. Fingerprint sensor companies are revealing new markets beyond smartphones and discovering even the field of IoT and integration of fingerprint sensors into smart cards and are continuously incorporating different technologies to improve the end-user experiences. The approaches adopted by the industry players include product launches and developments, partnerships, collaboration, mergers & acquisitions, contracts, and agreements to enlarge their market share in the global fingerprint sensors market.
Thales Group is a French multinational company that designs, develops and manufactures electrical systems as well as devices and equipment for the aerospace, defence, transportation and security sectors.
Apple Inc. is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley. It designs, develops, and sells consumer electronics, computer software, and online services.
Some of the key players operating in the global fingerprint sensors market are Thales Group, IDEMIA, Apple Inc., Synaptics Incorporated, Egis Technology Inc., 3M Congent Inc., Crossmatch, SecuGen Corporation, HID Global Corporation, Precise Biometrics.
Recent Developments by Key Players
Egis Technology (EgisTec) - IC design house has announced plans to acquire InPsytech, a silicon intellectual property company, for US D 150.5 million.
Qualcomm has launched a second-generation variety of its ultrasonic in-display fingerprint sensor, the 3D Sonic Max, to fix the problems with the original 3D Sonic Sensor by proposing a sensor that’s 17 times bigger than the one that was launched formerly.
The Fingerprint Sensor Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Type
- Area & Touch Sensor
- Swipe Sensor
- By Technology
- Optical
- Capacitive
- Thermal
- Ultrasonic
- By Application
- Smartphones/Tablets
- Laptops
- Smartcards
- IoT
- Other Applications
By End-Use Industry
- Consumer Electronics
- Travel & Immigration
- Government & Law Enforcement
- Banking & Finance
- Commercial
- Smart homes
- Healthcare
- Military, Defence, & Aerospace
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
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Fingerprint Sensor Market