Fingerprint Sensors Market Size 2024: Growth Analysis, Business Strategies, Regional Outlook and Demand Forecast Till 2031 | Sonavation Inc., Qualcomm Technologies, Inc

Fingerprint sensors are biometric security devices used for authentication and identification purposes. They are increasingly being used in smartphones, laptops, and other consumer electronic devices to enhance the security of devices and data.

Market Dynamics:

The fingerprint sensors market is expected to witness significant growth over the forecast period owing to growing adoption of biometric technologies in consumer electronics and rapid replacement of traditional password systems. Growing demand for fingerprint sensors from smartphone manufacturers is expected to be a major growth driver. This is due to the increasing use of in-display fingerprint sensors in mid-range and flagship smartphones as a key differentiator. In addition, continuous technological advancements enabling thinner, smaller and more accurate fingerprint sensors is further expected to support the market growth during the forecast period.

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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Fingerprint Sensors Market Drivers

Increased demand for fingerprint authentication in smartphones driving market growth

The fingerprint sensor market has seen significant growth in recent years due to the increased demand for fingerprint authentication in smartphones. Major smartphone manufacturers have integrated fingerprint sensors in their flagship devices to provide users with convenient biometric authentication. As more users opt for fingerprint unlocked smartphones, it is positively impacting the sales of fingerprint sensors. Going forward, the adoption of under-display fingerprint sensors is expected to further drive the market.

Advancements in fingerprint sensor technology enhancing user experience

Constant advancements in fingerprint sensor technology have enhanced the user experience. Earlier fingerprint sensors were bulky and required direct finger placement but modern sensors are smaller, thinner and allow swipe authentication. Technologies like optical fingerprint sensors have gained popularity as they offer improved authentication speed and accuracy compared to previous generation fingerprint sensors. Emerging ultrasonic fingerprint sensing technology enables ultrasonic imaging beneath the display without requiring direct contact with the sensor, offering a seamless experience. Such improvements in fingerprint sensing solutions are attracting more smartphone manufacturers and end users.

Major 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

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Fingerprint Sensors Market Restrain

Sluggish smartphone sales in major markets affecting market demand

Increasing market saturation and lack of major innovations have led to declining or stagnant smartphone sales in key markets like China, Europe and North America in recent times. As the smartphone industry faces challenges, it is negatively impacting the demand for fingerprint sensors from OEMs. Further, amidst global economic uncertainties, consumers are postponing smartphone upgrades, limiting opportunities for fingerprint sensor manufacturers. Unless smartphone sales pick up pace again, it remains a restrain for the overall fingerprint sensors market growth.

Fingerprint Sensors Market Opportunity

Emerging applications beyond smartphones presenting new opportunities

While smartphones remain the largest application segment currently, emerging applications of fingerprint sensing technology beyond smartphones are opening new opportunities. Areas like payments and banking, government ID programs, access control, wearables and IoT are increasingly adopting fingerprint authentication solutions. This is allowing fingerprint sensor vendors to expand their business beyond mobile OEMs. Especially significant growth is expected in the automated fingerprint identification system (AFIS) segment with increasing use of biometrics by governments and law enforcement authorities worldwide. Leveraging new applications will help drive sustainable growth in the fingerprint sensors industry.

Fingerprint Sensors Market Trends

Rising adoption of under-display fingerprint sensors

One of the key trends is the rising adoption of under-display fingerprint sensors by smartphone brands. As it allows fingerprints to be scanned directly through the display glass, without requiring a separate scanner area on the device, under-display technology enhances screen real estate and offers a more seamless experience. Major brands like Samsung, Xiaomi and Huawei have already launched smartphones with this advanced in-display fingerprint scanning technology. Its benefits over conventional sensors will ensure higher uptake going ahead. Moreover, the price of under-display fingerprint sensors is also declining faster than expected, making it viable for more mid-range smartphones.

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𝗙𝗔𝗤'𝗦:

What is the projected size of the Fingerprint Sensors Market by 2031?
Which major countries will experience the greatest impact from the Fingerprint Sensors Market?
Which regional market in the Fingerprint Sensors Market is the largest?
Which leading companies dominate the majority of the Fingerprint Sensors Market?
Which geographic market within the Fingerprint Sensors Market industry is expected to exhibit the most significant growth potential?
What are the primary drivers of the Fingerprint Sensors Market?
What are the current trends and future predictions for the global Fingerprint Sensors Market industry?
What are the key strategies employed in the Fingerprint Sensors Market?
What are the main growth prospects for the Fingerprint Sensors Market?

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