Fingerprint Sensor Market Overview
The Fingerprint Sensor Market Size is expected to reach USD 13.54 Billion by 2033. The Fingerprint Sensor Market industry size accounted for USD 4.21 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 16.65% from 2023 to 2033. The fingerprint sensor market is the industry that designs, develops, manufactures, and sells fingerprint sensors. These sensors are used in a variety of devices, including smartphones, laptops, tablets, access control systems, and point-of-sale terminals. Fingerprint sensors are a type of biometric technology that uses a person’s unique fingerprint to identify them.
The fingerprint sensor market is a growing market, driven by the increasing demand for security and convenience. Fingerprint sensors are seen as a more secure way to identify a person than traditional methods such as passwords or PINs. They are also more convenient, as they do not require users to remember complex codes.
Global Fingerprint Sensor Market Synopsis
COVID-19 Impact Analysis
The COVID-19 pandemic had a significant impact on the Fingerprint Sensor Market. The pandemic caused disruptions in the global supply chain, leading to delays in the production and delivery of fingerprint sensors. Manufacturing plants faced shutdowns or operated at reduced capacity, affecting the availability of components and finished products. With lockdowns and remote working becoming widespread, there was a reduced demand for fingerprint sensors in sectors like automotive and physical access control systems. The decline in consumer spending also impacted the sales of consumer electronics such as smartphones and laptops, which are major end-users of fingerprint sensors. The pandemic heightened awareness of hygiene and the need to avoid contact surfaces, leading to a shift towards contactless biometric solutions such as facial recognition and iris scanning. This impacted the demand for fingerprint sensors, as contact-based authentication methods were seen as potential vectors for virus transmission. The pandemic accelerated innovation in the biometric industry, leading to the development of more advanced and hygienic fingerprint sensing technologies. Some companies started integrating antimicrobial coatings and enhancing sensor performance to address hygiene concerns.
Fingerprint Sensor Market Dynamics
The major factors that have impacted the growth of Fingerprint Sensor Market are as follows:
Drivers:
Ø Technological Advancements
Continuous innovations in fingerprint sensing technology, such as the development of in-display fingerprint sensors and advancements in capacitive, optical, and ultrasonic sensors, are enhancing the accuracy, speed, and reliability of fingerprint recognition systems. These advancements attract more industries to adopt fingerprint sensors. The financial sector is increasingly adopting biometric authentication methods to secure transactions, enhance customer experience, and comply with regulatory requirements. Fingerprint sensors are being used in ATMs, mobile banking apps, and payment systems, driving market growth. While the COVID-19 pandemic initially caused a shift towards contactless biometrics, the demand for fingerprint sensors remains strong due to their reliability and established infrastructure. Hybrid systems combining fingerprint and contactless technologies are also emerging.
Restraint:
- Perception of Privacy and High Initial Costs
Consumers and organizations are increasingly aware of privacy issues related to biometric data collection and storage. Concerns about unauthorized access, data breaches, and misuse of biometric information can limit the adoption of fingerprint sensors. The cost of implementing fingerprint sensor technology, including the sensors themselves, integration with existing systems, and maintenance, can be relatively high. This can be a barrier, especially for small and medium-sized enterprises (SMEs) and in cost-sensitive markets.
Opportunity:
⮚ Increased Demand in Financial Services
The financial sector is increasingly adopting biometric authentication to secure transactions and enhance customer experience. Fingerprint sensors can be used in ATMs, mobile banking apps, and point-of-sale systems, driving demand in this sector. The healthcare industry is adopting fingerprint sensors for patient identification, secure access to medical records, and monitoring healthcare facilities. The need for secure and efficient patient management systems provides significant growth opportunities. Although contact-based solutions were impacted by the COVID-19 pandemic, the development of contactless fingerprint sensors and hybrid biometric systems presents opportunities to address hygiene concerns while maintaining security and convenience.
Fingerprint Sensor Market Segment Overview
By Type
Based on Type, the market is segmented based on Swipe and Area and Touch. The Area & Touch Sensor segment dominant the market. In addition to being smaller and more affordable, touch sensors are also getting easier to use. These sensors are preferred by OEMs over swipe sensors, particularly in mobile devices that need smaller sensors to produce more compact goods that are desired by market end consumers.
By Technology
Based on Technology, the market segment has been divided into the Capacitive, Optical, Thermal and Ultrasonic. The Optical segment dominant the market. In terms of technology, optical sensors are replacing capacitive touchscreen sensors in the majority of devices while ultrasonic fingerprint sensors are being used in luxury smartphones. Due to the rising need for sensor integration in displays, capacitive sensors have been replaced.
Global Fingerprint Sensor Market Regional Analysis
Based on region, the global Fingerprint Sensor Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Fingerprint Sensor Market followed by the Asia-Pacific and Europe regions.
Fingerprint Sensor North America Market
North America holds a dominant position in the Fingerprint Sensor Market. North America, particularly the United States, is a leader in technological innovation. The North American market for fingerprint sensors is a mature market. However, the market is expected to continue to grow due to the increasing adoption of new technologies such as in-display fingerprint sensors and ultrasonic sensors.
Fingerprint Sensor Asia-Pacific Market
The Asia-Pacific region has indeed emerged as the fastest-growing market for the Fingerprint Sensor Market industry. This region is currently the largest market for fingerprint sensors and is also expected to witness the highest growth rate during the forecast period. The large population base, increasing demand for secure authentication solutions, and government initiatives promoting digitalization are driving the market growth
Competitive Landscape
The global Fingerprint Sensor Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.
Prominent Players:
- Shenzhen Goodix Technology Co. Ltd.
- Fingerprint Cards AB
- Apple Inc.
- Synaptics Incorporated
- Egis Technology Inc.
- FocalTech
- id3 Technologies
- IDEX Biometrics
- OXi Technology
- Sonavation Inc.
Key Development
In May 2022, Apple Inc. introduced a new and advanced professional training suite for professionals to support the growing IT workforce.
In March 2022, Synaptics Incorporated launched the katana Edge Al kit to accelerate the growth and development of the Al vision and Sensor fusion applications for loT.
Scope of the Report
Global Fingerprint Sensor Market, by Type
- Swipe
- Area and Touch
Global Fingerprint Sensor Market, by Technology
- Capacitive
- Optical
- Thermal
- Ultrasonic
Global Fingerprint Sensor Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2033: USD 13.54 Billion |
| CAGR (2023-2033) | 16.65% |
| Base year | 2022 |
| Forecast Period | 2023-2033 |
| Historical Data | 2021 (2017 to 2020 On Demand) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Type, Technology |
| Geographies Covered | North America, Europe, Asia-Pacific, South America, Middle East, Africa |
| Key Vendors | Shenzhen Goodix Technology Co. Ltd., Fingerprint Cards AB, Apple Inc., Synaptics Incorporated, Egis Technology Inc., FocalTech, id3 Technologies, IDEX Biometrics, OXi Technology and Sonavation Inc. |
| Key Market Opportunities | · Increased Demand in Financial Services
· Rising Need for Contactless Solutions |
| Key Market Drivers | · Technological Advancements
· Increased Demand for Contactless Biometric Solutions |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Fingerprint Sensor Market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Fingerprint Sensor Market historical market size for the year 2021, and forecast from 2023 to 2033
- Fingerprint Sensor Market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Fingerprint Sensor Market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
