Fingerprint Sensors Market Size, Share Growth Status, Emerging Technology, Key Players, Industry Challenges, and Forecast till 2030

Fingerprint sensors are biometric sensors used for verification and identification of fingerprints. They are integrated in smartphones, laptops, and other consumer electronic devices to provide access security.

Market Dynamics:

Growing adoption of biometric technology for security applications across industries such as BFSI, government, travel & immigration, consumer electronics, defense & security, and healthcare is driving growth of the fingerprint sensors market. Fingerprint sensors offer robust security with easy enrollment and fast authentication as compared to traditional passwords. Furthermore, miniaturization of fingerprint sensors allowing for easy integration in thin and flexible form factors is also fueling market growth.

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.

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Increasing Demand for Biometric Identification in Smartphones

The rising adoption of smartphones across the globe is one of the major drivers boosting the growth of the fingerprint sensors market. Manufacturers are integrating fingerprint sensors into smartphones for biometric authentication which provides enhanced security. As people are storing more personal information on their smartphones, the need for securely identifying users through their fingerprints is growing. Most flagship Android and iOS smartphones now come equipped with fingerprint sensors. This technology allows users to quickly and conveniently unlock their devices with just a touch of their finger. The convenience of using biometrics over traditional passcodes is a compelling proposition for consumers.

Rising Popularity of Mobile Payments

Another key driver for the market is the rise in popularity of mobile payments and digital wallets. Fingerprint sensors allow contactless and secure payment through digital wallets linked to debit/credit cards and bank accounts. Users simply need to authenticate payments by scanning their fingerprint. This offers a convenient alternative to cash and cards. Major tech companies are investing in fingerprint sensor integrated mobile payment systems to drive adoption. Financial institutions are also embracing fingerprint-enabled payments to provide added security for online transactions. Both individuals and enterprises are recognizing the benefits of biometric authentication for mobile commerce.

Top Key Players:

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.

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

Regional Analysis:

⁃ North America: United States, Canada, and Mexico

⁃ South & Central America: Argentina, Chile, Brazil and Others

⁃ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

⁃ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

⁃ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

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High Cost of Deployment for Small and Medium Businesses

The high initial cost of deployment is a major restrain limiting the widespread adoption of fingerprint sensors particularly among small and medium businesses. Fingerprint sensors with advanced capabilities come at a premium price which may not be feasible for all companies. Implementation requires not just the hardware but associated software, security systems and integration with existing IT infrastructure. While large enterprises can more easily absorb such costs, it poses challenges for small budget organizations. The high upfront investment deters some potential customers and restricts revenue opportunities for sensor vendors. Mass production needs to bring down fingerprint sensor costs to expand the addressable market.

Growing Adoption in IoT Security

One prominent opportunity area is the rising implementation of fingerprint sensors in IoT devices and systems for access control and authentication purposes. As more household and enterprise devices get connected to the internet, there is growing concern around privacy and security. Biometric identifiers like fingerprints provide a convenient and secure way to authorize users on various equipment and set permissions levels. Sensors embedded in appliances, doors, computers etc. can authenticate authorized users through fingerprint scans. This unique application of fingerprint technology in safeguarding IoT networks presents a lucrative avenue for future revenues and market expansion.

Increasing Popularity of In-Display Fingerprint Sensors

One of the major trends witnessed in the fingerprint sensors market is the increasing popularity and adoption of in-display fingerprint sensors. With bezel-less and full-screen design becoming the norm in high-end smartphones, traditional capacitive fingerprint sensors located at the rear or side are being displaced by next-generation in-display optical and ultrasonic variants. Major OEMs like Vivo, OnePlus, Huawei have integrated in-display fingerprint scanning technology in recent flagship devices. As the technology matures further with improvements in detection area and speed, more smartphone manufacturers are expected to switch to these aesthetically pleasing embedded fingerprint sensors. The trend reflects the smartphone industry's continuous efforts towards maximizing usable screen space and delivering futuristic form factors.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Fingerprint Sensors Market over the forecast period?
What are the key trends expected to influence the Fingerprint Sensors Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Fingerprint Sensors Market?
What long-term impact will strategic advancements have on the Fingerprint Sensors Market?
Who are the key players and stakeholders in the Fingerprint Sensors Market?
What are the different segments and sub-segments considered in the Fingerprint Sensors Market research study?
Strategic Points Covered in Table of Content of Global Fingerprint Sensors Market:

Chapter 1 : Introduction, market driving forces, and product The study and research objectives are to investigate the Fingerprint Sensors market.

Chapter 2: Exclusive Summary - Fingerprint Sensors Market Fundamentals.

Chapter 3: The Changing Impact on Market Dynamics- Drivers, Trends, and the Challenges and Opportunities of Process Spectroscopy

Chapter 4: Fingerprint Sensors Market Factor Analysis, Porter's Five Forces Analysis, Supply/Value Chain, SWOT Analysis, Market Entropy, and Patent/Trademark Analysis are all presented .

Chapter 5: 2017-2022 Forecast by Type, End User, and Region/Country

Chapter 6: Evaluating the key players in the Fingerprint Sensors market, including the Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, countries, and manufacturers/companies, as well as revenue share and sales by major countries in these regions (2023-2030).

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