Global Fingerprint Sensor Market is expected to witness a growth of ~10% over the next six years (2022-2028): Ken Research

What Is the Size of Global Fingerprint Sensor Industry?

Global Fingerprint Sensor market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Fingerprint Sensor Market is largely driven by increase in the number of intelligent devices, such as tablets, laptops, biometric devices, smartphones, and smart wearables per person.

The fingerprint sensor is among the most prominent type of biometrics sensors that is used in various applications and devices, due to which the demand for fingerprint sensors is rising. Tracking the attendance of the employees has become easy with the use of biometric systems. This system prevents employees from logging in for one another hence drastically reducing fraud in attendance systems.

Iris scanning and facial scanning provide an advanced level of biometric security that can act as a substitute for the fingerprint sensor. The facial recognition system analyses the shape and position of different parts of the face to recognize the person. Iris scanning is known to be an excellent security technique, especially if it is performed using infrared light.

Global Fingerprint Sensor Market faces several restraints such as the availability of new technologies like facial recognition and iris recognition. Additionally, the high cost involved in the development of fingerprint sensors is a major barrier to the growth of the market.

Global Fingerprint Sensor Market By Type

The Global Fingerprint Sensor market is segmented by Type into Optical, Capacitive, Thermal and Ultrasonic. The capacitive segment held the largest market share in the year 2022 for the Global Fingerprint Sensor Market. Capacitive-type fingerprint sensor is widely used in smartphones, laptops, and other electronic devices. As consumer electronic devices mostly use capacitive-type fingerprint sensors in their products, their sales figures are higher than other types of fingerprint sensors.

Due to their low cost, easy availability, and compact characteristics, the capacitive fingerprint sensor has also become a popular choice for biometrics smartcards, smart locks, and other access control devices.

Global Fingerprint Sensor Market By Application

The Global Fingerprint Sensor Market is segmented by Application into Smartphones/Tablets, Laptops, Smartcards, IoTs and Others. The smartphone/tablet segment held the largest market share in 2022 for the Global Fingerprint Sensor Market.

As there have been advancements in access control technologies, the adoption of fingerprint sensors in smartphones and laptops has increased. A user is now able to make easy payments via his/her smartphone using authentication by fingerprint sensors. The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011, however, but Apple revolutionized touch ID fingerprint sensors in mobile devices. Apple's Touch ID is a fingerprint sensor that scans fingerprints, reads them, and finally recognizes the fingerprints.

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Global Fingerprint Sensor Market By End-User

The Global Fingerprint Sensor market is segmented by End-User into Consumer Electronics, Travel and Immigration, Government and Law Enforcement, Military and Others. The consumer electronics segment held the largest market share in 2022 for the Global Fingerprint Sensor Market.

This growth is mainly due to an increase in demand for sensors that are used in smartphones, tablets notebooks, and laptops. In 2020, according to China Internet Network Information Centre (CNNIC), around 852.5 million users made mobile payment transactions, which surged from 583.3 million users in 2018. These kinds of surges in mobile payment transactions increase the need for fingerprint sensors.

Market Taxonomy

By Type

Optical
Capacitive
Thermal
Ultrasonic

By Application

Smartphones/Tablets
Laptops
Smartcards
IoTs
Others

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By End-User Industries

Consumer Electronics
Travel and Immigration
Government and Law Enforcement
Military
Others

By Region

North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
LAMEA
Latin America
Middle East
Africa

Key Players

Fingerprint Cards AB
Egis Technology.
Vkansee Technology Inc.
Synaptics
Apple Inc.
CMOS Sensor Inc
Goodix
Touch Biometrix
Q Technology
Thales
Idemia
Qualcomm Technologies, Inc

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/business-research/global-fingerprint-sensor-market-outlook-2028/

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.