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  • Published On : Dec 2022
  • Code : CMI5444
  • Industry : Semiconductors
  • Pages : 167
  • Formats :

The global fingerprint sensors market size was valued at USD 6,930.0 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030. The major driver for the market is the increasing demand for touchless fingerprinting. The market is also being driven by early adoption of new technologies and high per capita income. The rising security concerns are expected to fuel the demand for fingerprint sensors in the Asia-Pacific region. Increasing Internet penetration is also expected to drive the market over the forecast period.

Global Fingerprint Sensors Market: Regional Insights

The global fingerprint sensors market is geographically divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.

North America is anticipated to witness robust growth in the global fingerprint sensors market over the forecast period. This growth can be attributed to high adoption of advanced devices and technologies having fingerprint sensors, higher penetration of internet in countries such as Canada, and the U.S., and rising e-commerce sales in the region.

Moreover, Asia Pacific is also projected to witness strong growth in the global fingerprint sensors market over the forecast period. This is due to rise in mobile transactions in countries such as China, along with initiatives taken by governments in the region. The volume of mobile transaction is high in China. For instance, as per the China Internet Network Information Center (CNNIC), in 2020, nearly 852.5 million users utilized mobile payment transactions in the country and this was an increased from 583.3 million users in 2018. Thus, Asia Pacific is likely to witness substantial growth in the market during the forecast period.

Figure 1: Global Fingerprint Sensors Market Share (%), By Region, 2021

Fingerprint Sensors  | Coherent Market Insights

Global Fingerprint Sensors Market Drivers:

Rise in use of fingerprint sensors for smartphones and smart wearable devices is expected to augment growth of the global fingerprint sensors market during the forecast period. Due to growing access to fast internet, advent of 5G, the penetration of smartphones is rapidly increasing all over the world. For instance, as per GSMA, the number of smartphone subscription in North America is likely to grow to 328 million by 2025. Along with this, the region is expected to witness an 86% rise in the rate of mobile subscribers and 80% rise in internet users. Thus, these factors are creating high demand for fingerprint sensors, which is driving growth of the market.

Growing demand for security in business applications is expected to boost growth of the global fingerprint sensors market over the forecast period. The number of data breach incidences and cyber threats is increasing all over the world, and in turn is creating demand for strong security in government organizations and enterprises. For instance, in 2021, a social media management company in China, Socialarks, was faced with data leak exposing 400GB of personal data from social media platforms including Linkedin, Instagram, and Facebook. Thus, the strong need for security in business applications is driving the demand for fingerprint sensors.

Global Fingerprint Sensors Market Opportunities:

Growing demand for in –display fingerprint sensors is likely to offer multiple growth opportunities in the global fingerprint sensors market over the forecast period. Due to the emergence of Bezel-less waterproof smartphones, increasing number of vendors are focusing on development of in-display fingerprint sensors. The demand for such solutions is likely to grow in the near future, which is creating several growth opportunities in the market. For instance, Qualcomm is developing under-metal, under-display as well as glass fingerprint sensors.

Moreover, market players are focusing on development of ultrasonic based-finger sensors, which is also projected to create lucrative environment for growth opportunities in the global fingerprint sensors market over the forecast period. Ultrasonic-based finger sensors are likely to overcome fundamental restrictions of other sensors including incapability of recognition of these sensors in presence of contaminants such as oil and water, and support for reliable and consistent authentication. Thus, with increasing development of such technology, the market is likely to witness various growth opportunities.

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Fingerprint Sensors Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 6,930.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 10.9% 2030 Value Projection: US$ 20,449.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Optical, Captive, Thermal, and Ultrasonic
  • By Application: Smartphone/Tablets, Laptops, Smartcards, and IoT and other Applications
  • BY End-User Vertical: Military and Defense, Consumer electronics, BFSI, Other End-user Industries
Companies covered:

Sonavation Inc., Qualcomm Technologies, Inc., CrucialTec Co Ltd., TDK Corporation (Invensense), Idemia France SAS, Vkansee Technology Inc., Thales Group (Gemalto NV), Egis Technology Inc., Synaptics Inc., Fingerprint Cards AB, Next Biometrics Group ASA, Shenzhen Goodix Technology Co. Ltd., NEC Corporation, and IDEX Biometrics ASA.

Growth Drivers:
  • Rise in use of fingerprint sensors for smartphones and smart wearable
  • Growing demand for security in business applications
Restraints & Challenges:
  • Rise in adoption of alternative technologies
  • Rise in number of regulations

Global Fingerprint Sensors Market Trends:

The growing miniaturization trend is expected to drive growth of the global fingerprint sensors market during the forecast period. Due to the growing miniaturization trend, the size of sensors are being influenced, due to which vendors are focusing on reducing the size of fingerprint sensors for accommodating other technologies. For instance, VKANSEE is offering optical fingerprint sensors, which is the thinnest optical fingerprint sensor, as per the company, with only 1.5 mm thinness. This will continue in the market in the coming years.

Furthermore, growing inclination of market players towards offering solutions with high reliability, accuracy, faster recognition, and low power consumption is another trend in the global fingerprint sensors market. For instance, Egis Technology and Precise Biometrics formed a partnership for introducing a fingerprint algorithm software into more smartphones. This software called Precise BioMatch Mobile is likely to be utilized in conjunction with fingerprint sensor technology of Egis in a new smartphones series.

Global Fingerprint Sensors Market Restraints:

Rise in adoption of alternative technologies is expected to hinder growth of the global fingerprint sensors market over the forecast period. Alternative technologies such as iris and face scanning are increasing being adopted in different types of devices. For instance, most of the smartphone manufacturers such as Samsung, OnePlus, and Apple have incorporated these sensors in their devices for user authentication. These alternative technologies such as iris and face scan continue to become highly accurate in recognizing the subject. Thus, growing adoption of these technologies is expected to hamper the market growth during the forecast period.

Moreover, rise in number of regulations are also expected to impede growth of the global fingerprint sensors market during the forecast period. Several regulations regarding environment are being imposed on industries. Moreover, regulations of product approvals are also becoming stringent in several regions across the globe. Thus, this factor is likely to restrain the growth of the global fingerprint sensors market over the forecast period.            

Figure 2: Global Fingerprint Sensors Market Share (%), By Type, 2021

Fingerprint Sensors  | Coherent Market Insights

Global Fingerprint Sensors Market Segmentation:

The global fingerprint sensors market report is segmented into Type, Application, End-User Vertical and Region.

Based on Type, the market is segmented into Optical, Captive, Thermal, and Ultrasonic. Out of which, Optical is expected to dominate the global market over the forecast period and this is attributed to the growing early adoption of optical fingerprint sensors. These sensors rely on capturing optical images with the use of algorithms for detecting unique patterns of the surface. These sensors provide better accuracy. Thus, the early adoption of optical fingerprint sensors is driving the growth of this segment.

Capacitive segment is also expected to witness significant growth in the near future and this is owing to the increase in the adoption of capacitive sensors. These sensors can record image of a fingerprint for authenticating the user. In February 2022, a new smartphone Redmi K50 by Xiaomi became the first smartphone device that uses the second-generation version of Fingerprint Card’s curved capacitive fingerprint sensor.

Based on Application, the market is segmented into Smartphone/Tablets, Laptops, Smartcards, and IoT and other Applications. Out of which, Smartphones/Tablets is expected to dominate the global market over the forecast period and this is attributed to the rise in penetration of smartphones around the world. The demand for fingerprint sensors is high for use in smartphones and tablets, as it is the biggest segment that uses fingerprint sensors for authentication.

Smart Cards segment is also expected to witness significant growth in the near future and this is owing to the growing need for security due to rise in number of financial frauds. This is creating a strong demand for multi-factor authentication solutions. With the use of smartcard fingerprint sensors, use of contactless cards becomes easy. These applications are likely to boost the demand for fingerprint sensors in the near future.

Based on End-User Verticals, the market is segmented into Military and Defense, Consumer electronics, BFSI, Other End-user Industries. Out of which, Military and Defense is expected to dominate the global market over the forecast period and this is attributed to the high demand in various applications such as premises security, electric devices, time monitoring, citizen identification and many more.

Consumer Electronics segment is also expected to witness significant growth in the near future and this is owing to the rise in demand for biometric technology for management of access in consumer electronics leading to high demand for fingerprint sensors in consumer electronics.

Global Fingerprint Sensors Market: Key Companies Insights

The global fingerprint sensors market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.

Some of the key players in the global fingerprint sensors market are Sonavation Inc., Qualcomm Technologies, Inc., CrucialTec Co Ltd., TDK Corporation (Invensense), Idemia France SAS, Vkansee Technology Inc., Thales Group (Gemalto NV), Egis Technology Inc., Synaptics Inc., Fingerprint Cards AB, Next Biometrics Group ASA, Shenzhen Goodix Technology Co. Ltd., NEC Corporation, and IDEX Biometrics ASA.

*Definition:

A fingerprint sensor is used to authenticate the fingerprint of a person. These are used in smartphones, smart home, IoT and security applications. These sensors allow individuals to perform transactions and make payments without the need to remember passwords. They also provide a high level of security and safety.

Generally, a fingerprint sensor is used to authenticate the fingerprint of a person. These are used in smartphones, smart home, IoT and security applications.  When a fingerprint is scanned, the sensor analyzes the pattern of a fingerprint and stores the data. The data is then compared with stored scans to determine if a fingerprint belongs to the person it is being used to authenticate.

The fingerprint image is composed of low-lying areas called valleys and high-lying areas called ridges. The ridges change the charge stored in a capacitor, which generates a digital scan. The higher the resolution of the sensor, the better the definition of the ridges. Similarly, the smaller the sensor is, the less the capacitance. 

Market Dynamics:

The increasing use of electronic devices is projected to boost the market over the forecast period. Moreover, the growing need for multi-factor authentication systems has also contributed to the increasing adoption of fingerprint sensors in banking and other financial services. The increasing demand for fingerprint sensors in the defense industry is also predicted to increase the growth of the market over the forecast period.

Moreover, the rise in IoT-based devices is likely to offer lucrative opportunities for fingerprint sensor market players. However, the high development cost of biometric sensors is one of the key restraints to the growth of the fingerprint sensors market.

Key features of the study:

  • This report provides in-depth analysis of the global fingerprint sensors market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global fingerprint sensors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Sonavation Inc., Qualcomm Technologies, Inc., CrucialTec Co Ltd., TDK Corporation (Invensense), Idemia France SAS, Vkansee Technology Inc., Thales Group (Gemalto NV), Egis Technology Inc., Synaptics Inc., Fingerprint Cards AB, Next Biometrics Group ASA, Shenzhen Goodix Technology Co. Ltd., NEC Corporation, and IDEX Biometrics ASA.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global fingerprint sensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fingerprint sensors market

Detailed Segmentation:

  • Global Fingerprint Sensors Market, By Type
    • Optical
    • Captive
    • Thermal
    • Ultrasonic
  • Global Fingerprint Sensors Market, By Application
    • Smartphone/Tablets
    • Laptops
    • Smartcards
    • IoT and other Applications
  • Global Fingerprint Sensors Market, By End-User Vertical
    • Military and Defense
    • Consumer electronics
    • BFSI
    • Other End-user Industries
  • Global Fingerprint Sensors Market, By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • Qualcomm Technologies, Inc.
    • TDK Corporation (Invensense)
    • Vkansee Technology Inc.
    • Egis Technology Inc.
    • Fingerprint Cards AB
    • Shenzhen Goodix Technology Co. Ltd
    • IDEX Biometrics ASA
    • NEC Corporation
    • Next Biometrics Group ASA
    • Synaptics Inc.
    • Thales Group (Gemalto NV)
    • Idemia France SAS
    • CrucialTec Co Ltd
    • Sonavation Inc.

Frequently Asked Questions

The global fingerprint sensors market size is estimated to be valued at US$ 6,930.0 Million in 2021 and is expected to exhibit a CAGR of 10.9% between 2022 and 2030.
Rise in use of fingerprint sensors for smartphones and smart wearable and growing demand for security in business applications are fuelling the market.
The type segment is the leading component segment in the market.
Rise in adoption of alternative technologies and rise in number of regulations are the major factors restraining market.
Sonavation Inc., Qualcomm Technologies, Inc., CrucialTec Co Ltd., TDK Corporation (Invensense), Idemia France SAS, Vkansee Technology Inc., Thales Group (Gemalto NV), Egis Technology Inc., Synaptics Inc., Fingerprint Cards AB, Next Biometrics Group ASA, Shenzhen Goodix Technology Co. Ltd., NEC Corporation, and IDEX Biometrics ASA.

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