Fingerprint Sensor Market
Fingerprint Sensor Market Forecasts to 2030 - Global Analysis By Product (Touch-Based Sensors, Swipe-Based Sensors, Area-Based Sensors and Other Products), Material, Functionality, Technology, Application, and By Geography
According to Stratistics MRC, the Global Fingerprint Sensor Market is accounted for $9.5 billion in 2024 and is expected to reach $20.7 billion by 2030 growing at a CAGR of 13.9% during the forecast period. A fingerprint sensor is a type of biometric gadget that uses a person's distinct fingerprint patterns to identify and validate them. It takes a picture of the fingerprint using technologies including optical, capacitive, and ultrasonic techniques, then compares it with data that has already been saved. These sensors are frequently found in computers, smartphones, access control, and security systems. Ultrasonic sensors record fine-grained 3D data, while capacitive sensors provide great precision. In a variety of applications, fingerprint sensors improve consumer ease and security.
According to the survey carried out by the Biometrics Institute, interest in artificial intelligence (AI) more than doubled from 8% in 2022 to 19% in 2023. In the short term, AI is also expected to surpass digital identity as the most significant development in biometrics.
Market Dynamics:
Driver:
Increasing concerns over data security and identity theft
Compared to more conventional techniques like passwords or PINs, which are susceptible to phishing and hacker assaults, fingerprint sensors offer higher security. Sensitive information can be protected more effectively and securely with biometric authentication, which includes fingerprint recognition. Additionally, fingerprint sensors lower the possibility of fraud, particularly in industries where data breaches can have serious repercussions, such as banking, finance, and healthcare.
Restraint:
High production costs
Device prices rise as a result of the high development and manufacturing costs of fingerprint sensors, which may restrict market penetration in emerging and price-sensitive regions. Because manufacturers may be reluctant to integrate biometric technology into their goods, this can also hold down the adoption of biometric systems across a variety of industries, including consumer electronics, healthcare, and security hampering the market growth.
Opportunity:
High adoption rate of smartphones and wearables
The need for safe identification techniques, especially fingerprint sensors, has increased as a result of the rising use of smartphones and wearable technology. Because they provide fast and dependable access to gadgets, software, and private data, these sensors are increasingly being incorporated into consumer electronics such as tablets, laptops, and smartwatches. This extensive integration promotes market expansion and improves user experience.
Threat:
Availability of low-cost non-biometric technologies
Increased competition and a possible drop in demand for fingerprint sensors have resulted from the advent of non-biometric alternatives like PINs, passwords, and pattern locks. The unique selling proposition of fingerprint sensors may be diminished when the market gets oversaturated with authentication options, making it more difficult for producers to set their products apart from the competition and defend high prices hampering the market growth.
Covid-19 Impact:
The COVID-19 pandemic had mixed effects on the fingerprint sensor market. While demand initially slowed due to manufacturing disruptions and decreased sales of consumer electronics, the need for contactless solutions grew, pushing some industries to adopt alternative biometric methods like facial recognition. However, increased focus on digital security and remote access accelerated adoption in devices like laptops and tablets, ensuring the market’s resilience and gradual recovery post-pandemic.
The touch-based sensors segment is expected to be the largest during the forecast period
The touch-based sensors segment is expected to be the largest during the forecast period because touch-based fingerprint sensors are becoming widely used in wearables, tablets, and smartphones because they provide a smooth and simple user experience and speedy device unlocking. Because of their dependability and quickness, they are also being utilized more and more in banking applications and financial services for safe payments.
The authentication segment is expected to have the highest CAGR during the forecast period
The authentication segment is expected to have the highest CAGR during the forecast period owing to the need for biometric security techniques, including fingerprint sensors, has increased due to the surge in identity theft and cyberthreats. These safe substitutes for conventional passwords increase user confidence in data security and online transactions. Fingerprint sensors are being employed more and more in industries including government, healthcare, and banking, which is boosting security measures and fostering market expansion.
Region with largest share:
North America is expected to have the largest market share over the projection period owing to the expansion of IoT and smart home devices in North America has increased the need for secure access control, making fingerprint sensors appealing for smart locks, home security systems, and personal assistants. Technological advancements in sensor technologies, such as in-display, ultrasonic, and capacitive sensors, have improved accuracy, speed, and usability, expanding applications and enhancing security.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest rate of growth during the forecast period due to the growing electronics industry and growing security concerns are driving up demand for fingerprint sensors in the Asia Pacific region, which is home to the biggest smartphone markets in the world. As a dependable and practical security solution, fingerprint sensors are utilized in a variety of applications, such as government identity systems, financial services, and e-commerce encouraging the regions market growth.
Key players in the market
Some of the key players in Fingerprint Sensor Market include Anviz Global Inc., BIO-Key International Inc., Crucialtec Co. Ltd, Egis Technology Inc., Fingerprint Cards AB, Idemia France SAS, Idex Biometrics ASA, NEC Corporation, Next Biometrics Group ASA, Qualcomm Technologies Inc., Shenzhen Goodix Technology Co. Ltd, Sonavation Inc., Synaptics Inc., TDK Corporation, Thales Group and Vkansee Technology Inc.
Key Developments:
In October 2024, NEC Corporation launched a new system using biometric authentication technology that is capable of quickly authenticating large numbers of people at one time, even while they are in motion.
In October 2024, Qualcomm announced collaboration with Mistral AI to bring Mistral AI’s models to devices powered by Snapdragon and Qualcomm platforms, the new Snapdragon 8 Elite Mobile Platform, Snapdragon Cockpit Elite and Snapdragon Ride Elite, and Snapdragon X Elite Compute Platform.
In June 2024, NEC Corporation and Ursa Space Systems Inc. have agreed to collaborate on satellite image data analysis services. By combining services and technologies, the two companies will provide solutions for various applications for enterprises.
Products Covered:
• Touch-Based Sensors
• Swipe-Based Sensors
• Area-Based Sensors
• Other Products
Materials Covered:
• Silicon-Based Sensors
• Thin Film Transistor (TFT) Sensors
• Polymer-Based Sensors
• Other Materials
Functionalities Covered:
• Authentication
• Identification
• Access Control
• Other Functionalities
Technologies Covered:
• Optical Sensors
• Capacitive Sensors
• Ultrasonic Sensors
• Thermal Sensors
• Pressure Sensors
• Other Technologies
Applications Covered:
• Consumer Electronics
• Travel & Immigration
• Government & Law Enforcement
• Banking & Finance
• Healthcare
• Commercial Security
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fingerprint Sensor Market, By Product
5.1 Introduction
5.2 Touch-Based Sensors
5.3 Swipe-Based Sensors
5.4 Area-Based Sensors
5.5 Other Products
6 Global Fingerprint Sensor Market, By Material
6.1 Introduction
6.2 Silicon-Based Sensors
6.3 Thin Film Transistor (TFT) Sensors
6.4 Polymer-Based Sensors
6.5 Other Materials
7 Global Fingerprint Sensor Market, By Functionality
7.1 Introduction
7.2 Authentication
7.3 Identification
7.4 Access Control
7.5 Other Functionalities
8 Global Fingerprint Sensor Market, By Technology
8.1 Introduction
8.2 Optical Sensors
8.3 Capacitive Sensors
8.4 Ultrasonic Sensors
8.5 Thermal Sensors
8.6 Pressure Sensors
8.7 Other Technologies
9 Global Fingerprint Sensor Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.3 Travel & Immigration
9.4 Government & Law Enforcement
9.5 Banking & Finance
9.6 Healthcare
9.7 Commercial Security
9.8 Other Applications
10 Global Fingerprint Sensor Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Anviz Global Inc.
12.2 BIO-Key International Inc.
12.3 Crucialtec Co. Ltd
12.4 Egis Technology Inc.
12.5 Fingerprint Cards AB
12.6 Idemia France SAS
12.7 Idex Biometrics ASA
12.8 NEC Corporation
12.9 Next Biometrics Group ASA
12.10 Qualcomm Technologies Inc.
12.11 Shenzhen Goodix Technology Co. Ltd
12.12 Sonavation Inc.
12.13 Synaptics Inc.
12.14 TDK Corporation
12.15 Thales Group
12.16 Vkansee Technology Inc.
List of Tables
1 Global Fingerprint Sensor Market Outlook, By Region (2022-2030) ($MN)
2 Global Fingerprint Sensor Market Outlook, By Product (2022-2030) ($MN)
3 Global Fingerprint Sensor Market Outlook, By Touch-Based Sensors (2022-2030) ($MN)
4 Global Fingerprint Sensor Market Outlook, By Swipe-Based Sensors (2022-2030) ($MN)
5 Global Fingerprint Sensor Market Outlook, By Area-Based Sensors (2022-2030) ($MN)
6 Global Fingerprint Sensor Market Outlook, By Other Products (2022-2030) ($MN)
7 Global Fingerprint Sensor Market Outlook, By Material (2022-2030) ($MN)
8 Global Fingerprint Sensor Market Outlook, By Silicon-Based Sensors (2022-2030) ($MN)
9 Global Fingerprint Sensor Market Outlook, By Thin Film Transistor (TFT) Sensors (2022-2030) ($MN)
10 Global Fingerprint Sensor Market Outlook, By Polymer-Based Sensors (2022-2030) ($MN)
11 Global Fingerprint Sensor Market Outlook, By Other Materials (2022-2030) ($MN)
12 Global Fingerprint Sensor Market Outlook, By Functionality (2022-2030) ($MN)
13 Global Fingerprint Sensor Market Outlook, By Authentication (2022-2030) ($MN)
14 Global Fingerprint Sensor Market Outlook, By Identification (2022-2030) ($MN)
15 Global Fingerprint Sensor Market Outlook, By Access Control (2022-2030) ($MN)
16 Global Fingerprint Sensor Market Outlook, By Other Functionalities (2022-2030) ($MN)
17 Global Fingerprint Sensor Market Outlook, By Technology (2022-2030) ($MN)
18 Global Fingerprint Sensor Market Outlook, By Optical Sensors (2022-2030) ($MN)
19 Global Fingerprint Sensor Market Outlook, By Capacitive Sensors (2022-2030) ($MN)
20 Global Fingerprint Sensor Market Outlook, By Ultrasonic Sensors (2022-2030) ($MN)
21 Global Fingerprint Sensor Market Outlook, By Thermal Sensors (2022-2030) ($MN)
22 Global Fingerprint Sensor Market Outlook, By Pressure Sensors (2022-2030) ($MN)
23 Global Fingerprint Sensor Market Outlook, By Other Technologies (2022-2030) ($MN)
24 Global Fingerprint Sensor Market Outlook, By Application (2022-2030) ($MN)
25 Global Fingerprint Sensor Market Outlook, By Consumer Electronics (2022-2030) ($MN)
26 Global Fingerprint Sensor Market Outlook, By Travel & Immigration (2022-2030) ($MN)
27 Global Fingerprint Sensor Market Outlook, By Government & Law Enforcement (2022-2030) ($MN)
28 Global Fingerprint Sensor Market Outlook, By Banking & Finance (2022-2030) ($MN)
29 Global Fingerprint Sensor Market Outlook, By Healthcare (2022-2030) ($MN)
30 Global Fingerprint Sensor Market Outlook, By Commercial Security (2022-2030) ($MN)
31 Global Fingerprint Sensor Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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