The Fingerprint Sensor Market is being driven by the introduction of optical fingerprint sensors in smartphones and other consumer devices, government financing for fingerprint sensor adoption, and the usage of biometrics in mobile commerce. In addition, the introduction of fingerprint sensors in smartphones to perform functions such as unlocking phones and apps and making payments is likely to boost market growth. Consumer electronics industry growth is also aided by ongoing advances and innovations in fingerprint scanning technology.
The global fingerprint sensor market was worth USD 3.9 billion in 2021 and is anticipated to grow with a CAGR of 10.9% over 2022-2030, thereby amassing a valuation of USD 8.88 billion by end of the stipulated timeline.
The widespread use of fingerprint sensors in consumer devices, the effective implementation of biometric time and attendance systems for calculating employee productivity, work hours, and other metrics, and the widespread adoption of biometrics by governments around the world for enhanced security are all driving the fingerprint sensor market forward. Threats to the biometric database, on the other hand, represent a key stumbling block to the fingerprint sensor market’s expansion. The emergence of biometric smartcards in BFSI applications, the latest trend of in-display fingerprint sensors in smartphones, and the rise in the adoption of fingerprint sensors in IoT-based devices, on the other hand, are expected to provide lucrative opportunities for fingerprint sensor market players between 2021 and 2026.
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A fingerprint sensor is a part of a biometric security system that scans a person’s fingerprints and then uses that information to verify their identification. It takes high-contrast fingerprint photos, translates them to digital code, and stores the results as fingerprint minutiae. The fingerprint sensor is quick, dependable, convenient, and affordable, and it can be easily implemented into a variety of devices. As a result, it’s used in industries like consumer electronics, government and law enforcement, aerospace, healthcare, defence and military, banking, financial services and insurance (BFSI), travel, and immigration all over the world.
Global Fingerprint Sensor Market- Segment Analysis
By Technology
- Capacitive
- Optical
- Thermal
- Ultrasonic
By Sensor Technology
- 2D
- 3D
By Type
- Area and Touch sensors
- Swipe Sensors
By Materials
- Piezoelectric Materials (Quartz)
- Pyroelectric Materials (Lithium Tantalate)
- Adhesives
- Coating Materials
By Products
- Authentication System in smart device
- Attendance recording system
- Access Control systems
- Biometric system
- Digital locks
- Biometric Smartcards
- Financial card
- ID Card
- Others
By End use
- Consumer Electronics
- Smartphones
- Wearables
- Tablets/PC/notebook/laptop
- USB flash devices
- Travel and Immigration
- Government and Law Enforcement
- Banking & Finance
- Commercial
- Automotive
- Smart Homes
- Home security
- Consumer appliances
- Healthcare
- Military, Defense, and Aerospace
- Others
Global fingerprint sensor market- Geographical landscape
North America, Middle East & Africa, Europe, Latin America, and Asia Pacific are the major regions characterizing the landscape of this business sphere. The fingerprint sensor market in Asia Pacific is anticipated to register notable gains over 2022-2030. This is credited to the increasing adoption of smart devices, rise in per capita income, and the presence of emerging industry players.
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