Global Fingerprint Sensor Market was valued at USD 3.27 billion in 2021

Global Fingerprint Sensor Market was valued at USD 3.27 billion in 2021 and it is expected to reach at USD 6.45 billion by 2028, at a CAGR of 10.2% over the forecast period (2022-2028).

The fingerprint sensor market includes the widespread use of fingerprint sensors in consumer devices, the successful implementation of biometric systems for calculating employee productivity, and work hours, and the rising adoption of biometrics by government agencies for enhanced security are key factors driving the market growth. The development of biometric smartcards in BFSI applications, the trend of in-display fingerprint sensors in smartphones, along with the rise in the deployment of fingerprint sensors in IoT-based devices. As of November 2021, Fingerprint Cards AB established two subsidiaries to increase strategic and financial potential in key mobile, PC, payments, and access industries. Before initiating a program of strategic diversification into the PC, access control, and payments areas, Fingerprint provided biometric solutions for Android handsets. These expansions and diversification of technology into various domain is propelling the demand for fingerprint sensors and driving the market throughout the analysis period.

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Global Fingerprint Sensor Market Segmental Analysis

The Global Fingerprint Sensor Market is segmented based on technology, materials used, product type, products, end-use, sensor technology, and region. Based on technology, the market is segmented into capacitive, optical, thermal, and ultrasonic. Based on product type, the market is segmented into area touch sensors, and swipe sensors. Based on the materials used, the market is segmented into piezoelectric materials, pyroelectric materials, lithium tantalate, adhesives, and coating materials. Based on the products, the market is segmented into authentication systems in smart devices, attendance recording systems, access control systems, and biometric smartcards. Based on end-use, the market is segmented into consumer electronics, travel and immigration, government and law enforcement, and banking & finance. Based on sensor technology, the market is segmented into 2D technology and 3D technology. Based on region, the global Fingerprint Sensor market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Sensor Technology

In 2021, the 2D sensor technology accounted for the largest market share of the global fingerprint market and is expected to do so during the analysis period. This dominance is because 2D sensors excel in detection and range-finding tasks and the continuous adoption of the technology by manufacturers because of its low cost, particularly in mobile devices drives the market demand. However, the 3D fingerprint sensor segment is anticipated to grow at a higher CAGR throughout the forecast period as the most accurate representation of an actual fingerprint is provided by 3D sensors. Qualcomm and Touchless Biometric Systems TBS both provide 3D sensors for access control, attendance management, and other sensitive applications are some of the major factors propelling the market demand throughout the analysis period.

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Analysis by End-Use

The fingerprint sensor market is segmented into consumer electronics, government and law enforcement, banking and financials, automotive, healthcare, military and defense, and many other fields based on its end-use of which the consumer electronics segment accounted for the largest market share in the year 2021. This dominance is due to the growing demand for fingerprint sensors in consumer electronics such as smartphones, tablets, and laptops. Moreover, IoT devices are expected to create market opportunities. Due to the rising deployment of fingerprint sensors in smart devices used for payments, banking and finance are predicted to be the fastest-growing sector of the fingerprint sensor market during the forecast period.

Global Fingerprint Sensor Market Dynamics

Driver

Extensive use of fingerprint sensors for biometric authentication in consumer electronic devices driving the market growth.

Growing use of biometric authentication technologies for employee attendance and preventing online and offline scams made it a must-have for smartphones, tablets, PCs, laptops, wearables, etc. Fingerprint, face detection, and iris scanning are integrated with devices to ensure security. Fingerprint sensing technology is being rapidly used in consumer devices like smartphones and tablets because of its popularity and unique qualities, such as the capacity to collect characteristics like ridges, valleys, and tiny points of every individual are some of the major factors propelling the market growth during the analysis period.

Restraint

The increasing use of alternatives like face and iris scanning has restrained market growth.

Biometric technology offers superior protection due to its ability to use a person's unique identifying characteristics, such as their iris, voice, or face. Therefore, the increasing use of facial recognition and iris scanning in recent years restrain the demand for fingerprint sensors and slow down the market growth during the analysis period.

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Top Player’s Company Profiles

Apple Inc. (US)
Egis Technology Inc. (Taiwan)
Crucialtec (South Korea)
Next Biometrics (Norway)
Novatek Microelectronics (Taiwan)
Qualcomm (US)
Q Technology Company ltd. (China)
CMOS Sensor Inc. (US)
Elan Microelectronics Corporation (Taiwan)
Focaltech Sys (Taiwan)
ID3 Technologies (France)
IDEX Biometrics ASA (Norway)
Japan Display Inc. (Japan)
OXI Technology (China)
Sonavation Inc. (US)

Recent Developments

In August 2022, Tuya Smart and Goodix announced the development of a GR551x-series Bluetooth Low Energy SoC-based Smart Tag solution that supports Apple's ecosystem.
In May 2022, Goodix Technology announced the expansion of its product line, as well as notable advances in sensing and networking solutions. Goodix continues to invest extensively in key technologies that drive innovation in IoT applications for a new era of smart connection, by its strategic plan. The launch of the new Bluetooth LE SoC and Time of Flight (ToF) solutions were some major highlights.

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