Global Fingerprint Sensor Market – Industry Trends and Forecast to 2030

Fingerprint Sensor Market Analysis and Size

Fingerprint sensors are increasingly being used for a range of purposes owing to the improved security quotient offered by them. Rising number of small and medium scale end-users are increasingly understanding the importance of fingerprint sensors. Rising urbanization, modernization, and globalization drive market value growth.

Data Bridge Market Research analyses that the global fingerprint sensor market which was USD 4,053.00 million in 2022, is expected to reach USD 13,258.42 million by 2030, and is expected to undergo a CAGR of 16.2% during the forecast period 2023 to 2030. This indicates the market value. “Swipe Sensors” dominates the component segment of the global fingerprint sensor market due to growing consumer electronics, travel and immigration, is directly influencing the growth rate of the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Fingerprint Sensor Market Scope and Segmentation

Market Definition

Fingerprint sensors is an advanced security system that is based on the biometrics principle to grant access to a document, file, infrastructural facility and others. Fingerprint sensors are manufactured using different materials and can be easily integrated into a range of devices such as mobile phones, tablets, smartwatches, laptops and so on.

Global Fingerprint Sensor Market Dynamics

Drivers

• Growth in Investment for Research and Development to Carve Way for Innovations

The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated technology/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations in manufacturing technology.

• Increased Proliferation of Electronics Globally to Induce Greater Demand and Supply in Emerging Nations 

Growing proliferation and penetration of consumer electronics is one of the major factors fostering the growth of the market. In other words, increased demand and availability of smartphones, tablets, laptops, televisions kiosks and large interactive screens is directly influencing the growth rate of the market.

Opportunity

• Growth and Expansion of End-User Verticals to Present Numerous Opportunities for Small Scale Businesses

Owing to the global economic rise, there is a huge scope of growth for the semiconductors and electronics industry. There is an increased focus of the major manufacturers on the application of advanced technologies which will widen the scope of growth.  

Rising urbanization, modernization, and globalization drive market value growth. Surging cyber threats and concerns related to security breaches, increasing advancement in the technology to improve the functioning of fingerprint sensors, and increased e-commerce industry's proliferation are other market growth determinants. Furthermore, advancements in manufacturing technology extend profitable opportunities to the market players.

Restraint/Challenge

• Supply Chain Disruptions will Pose a Threat to the Unprecedentedly Growing Market Demand

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of display materials. Also, fluctuations in the prices of raw materials will prove to be a demerit for the market. Therefore, this will challenge the market growth rate. 

Also, dearth of awareness in underdeveloped regions and high costs associated with manufacturing activities will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies and complexities involved in the integration of devices with this technology will also challenge the market growth rate.

Recent Developments

• In February 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. With this technology, users can wave their hands in an easy and quick gesture to have their four fingerprints 3D-scanned and confirmed in a time of just one second
• In March 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to establish biometric cards in Poland. Under this partnership, the bank started launching the cards to its customers to deliver improved security and support distanced transactions. In addition, Thales is responsible for designing and developing the fingerprint-enabled card, packaging, and also distribution of the same

Global Fingerprint Sensor Market Scope

The global fingerprint sensor market is segmented on the basis of type, technology and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Swipe Sensors
• Materials Used in Fingerprint Sensors
• Area and Touch Sensors

Technology

• Capacitive
• Optical
• Thermal
• Others

Application

• Consumer Electronics
• Travel and Immigration
• Government and Law Enforcement
• Military
• Defense and Aerospace
• Banking and Finance
• Banking and Finance
• Commercial Security
• Healthcare
• Smart Homes
• Other Applications

Global Fingerprint Sensor Market Region Analysis/Insights

The global fingerprint sensor market is analyzed and market size insights and trends are provided by type, technology and application, as referenced above.

The countries covered in the fingerprint sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Asia-Pacific region is the largest contributor in terms of market revenue owing to the prevalence of key major players in this region. The cost-effective benefits offered by the same are the reason for high demand for fingerprint sensors in the region. Ever-increasing demand for fingerprint sensors in the smart phones. The developing countries in this region are witnessing high rate of smartphones penetration and thus, this in turn is positively impacting the fingerprint sensor market.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Fingerprint Sensor Market Share Analysis

The global fingerprint sensor market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the global fingerprint sensor market.

Some of the major players operating in the global fingerprint sensor market are:

• Goodix (China)
• Fingerprint Cards AB (Sweden)
• Synaptics (U.S.)
• Apple Inc. (U.S.)
• Egis Technology (Taiwan)
• Crucialtec (South Korea)
• Next Biometrics (Norway)
• Novatek Microelectronics (Taiwan)
• Qualcomm Technologies , Inc. (U.S.)
• Q Technology (China).
• CMOS Sensor Inc. (U.S.)
• ELAN Microelectonics (Taiwan)
• Focaltech (China)
• ID3 Technologies (France)
• IDEX Biometrics (Norway)
• Japan Display Inc. (Japan)
• OXI Technology (China)
• Sonavation Inc. (U.S.)
• Touch Biometrix (U.K.)
• Vkansee (U.S.)

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