Fingerprint Sensor Market : Introduction
Fingerprint sensors are used in fingerprint detection devices such as biometric fingerprint scanners. These devices are primarily inbuilt in fingerprint detection module and are operated for safety and authenticity.
The key features of biometric fingerprint scanner majorly include accuracy, enhanced performance, and robustness based on exclusive fingerprint biometric technology.
Fingerprint scanner is an extremely safe & suitable device. The working principle of a fingerprint sensor solely depends on processing.
Fingerprint processing mainly includes two elements, namely enrolment and matching.
Sensors for fingerprints permits fast record keeping and control of portals for attendance. Compared with other biometric authentication systems, they are cost-effective.
These factors further propel the growth of the fingerprint sensor market size.
Global Fingerprint Sensor Market: Overview
The global fingerprint sensor market was worth USD 3.9 Billion in 2021 and is anticipated to grow with a CAGR of 10.9% reaching a value of USD 8.88 Billion in 2030.
Widespread deployment of fingerprint sensor based biometric systems by governments and law enforcement agencies to improvise the security augments the growth of the global fingerprint sensor market share.
Moreover, the evolvement in adoption of biometric-based time and attendance systems in corporate and government organizations for calculating hours of service for workers and productivity back-ups the fingerprint sensor market growth.
Coming of optical fingerprint sensor in smartphones and other consumer electronics, government funding for adoption of fingerprint sensors, and use of biometrics in mobile commerce are the main drivers for the fingerprint sensor market.
In addition, growth of the market is anticipated to increase by adoption of fingerprint sensors in smartphones to perform tasks such as unlocking phones & apps and making payments.
Continuous developments and innovations in fingerprint scanning technology also support the market growth in consumer electronics.
Key Trends: Growth Determinants and Challenges:
Factors such as excessive use of fingerprint sensors for biometric authentication in consumer electronics, rise in adoption of biometric authentication in government buildings, and growth in in number of identity threats and emergence of touch less fingerprint technologies serve as prime drivers for the fingerprint sensor market growth throughout the world.
However, security beaches pertaining to biometric database and high cost associated with biometric technologies is expected to pose maximum threat or the market.
Furthermore, explosive trends toward IoT based biometric technology and rise in adoption of in-display fingerprint sensors in smartphones is expected to offer lucrative opportunities globally. Moreover, the rising use of facial recognition technology in payments, access and security, and criminal identification applications pose challenges to the fingerprint sensor market.
Competitive Landscape:
- Goodix
- Fingerprint Cards AB ,
- Synaptics
- Apple Inc.
- Egis Technology
- Crucialtec
- Next Biometrics
- Novatek Microelectronics
- Qualcomm
- Q Technology
- CMOS Sensor Inc.
- ELAN Microelectonics
- Focaltech
- ID3 Technologies
- IDEX Biometrics
- Japan Display Inc.
- OXI Technology
- Sonavation Inc.
- Touch Biometrix
- Vkansee
Segmental Analysis of Global Fingerprint Sensors Market:
Based on Technology
- Capacitive
- Optical
- Thermal
- Ultrasonic
Based on Sensor Technology
- 2D
- 2D
The market for 2D sensor technology is projected to reach USD 5,407 Million. 2D sensor technology is most suitable for performing detection and ranging tasks. The technology remains a preferred choice for OEMs due to its low cost, particularly in mobile devices that demand smaller sensors, to produce miniaturized products preferred by end users in the market.
Based on Type
- Area and Touch Sensors
- Swipe Sensors
Area and touch sensors are widely used in consumer electronics as these sensors offer a high degree of convenience and accuracy, thereby capturing a larger market share. Touch sensors are becoming increasingly smaller and are more cost-effective and convenient to use.
Based on Different Materials Used (Qualitative)
- Piezoelectric Materials (quartz)
- Pyroelectric Material (Lithium Tantalate)
- Adhesives
- Coating Materials
Based on Products (qualitative)
- Authentication System in smart card
- Attendance recording Service
- Access control systems
- Biometric systems
- Digital locks
- Biometric Smartcards
- Financial cards
- ID card
- Others
Based on End-Use or Application
- Consumer Electronics
- Wearables
- Smartphones
- Tablets, PC, Notebook and laptops
- USD Flash devices
- Travel and Immigration
- Government and Law Enforcement
- Commercial
- Banking and Finance
- Automotive
- Smart Homes
- Home Security
- Consumer Appliances
- Healthcare
- Military, Defence and Aerospace
- Others
The consumer electronics application is likely to account for the largest size of the market for fingerprint sensors in the coming years mainly because of the rise in demand for these sensors in consumer devices such as smartphones, tablets, laptops, and notebooks. Consumer IoT devices are expected to provide opportunities for the market during the forecast period.
Based on Region
NORTH AMERICA (Canada, US), EUROPE (Spain, UK, Germany, Italy, France), ASIA-PACIFIC (India, China, Thailand, Japan, South Korea), LATIN AMERICA (Colombia, Brazil, Mexico, Argentina), MIDDLE EAST & AFRICA (UAE, Saudi Arabia, South Africa)
APAC dominates the fingerprint sensor market majorly because consumer electronics is the key application for fingerprint sensors, and APAC is the major market for consumer electronics.
Major Developments:
- In August 2020, Goodix acquired Dream Chip Technologies GmbH (DCT) as a master step for constructing diversified strategy and integrating global engineering talent. DCT’s advanced technologies, product offerings, and market penetration stimulated Goodix’s ability to instantly deliver integrated solutions for smart mobile devices and automotive applications, serving an expanding worldwide customer base.
Major questions answered in the report:
- Which regional segments account for the largest market share in the global fingerprint sensors market?
- Which prime companies are contributing in the growth of global fingerprint sensors market?
- What are the growth factors and challenges for the global fingerprint sensors market?
Key Takeaways from the report:
- Regional analysis coupled with other segmental analysis.
- Growth factors, challenges and recent developments.
- The global fingerprint sensor market was worth USD 3.9 Billion in 2021 and is anticipated to grow with a CAGR of 10.9% reaching a value of USD 8.88 Billion in 2030.
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