Press release
Global Fingerprint Sensor Market to Reach $15.35 Billion by 2029, Growing at 0.174519765502872% CAGR
The growth of the fingerprint sensor market is anticipated to be fueled by the escalating adoption of the Internet of Things (IoT). The IoT can be defined as an interconnected system of numerous mechanical and electronic machines, computing devices, each with distinctive unique identities (UIDs), with the potential to exchange data without requiring human or computer intervention. A collection of interlocking factors that boost efficiency, convenience and connectivity across diverse sectors stimulate the increased use of IoT. Fingerprint sensors significantly contribute to the acceleration of IoT adoption as they enhance security, improve user experience, and enable effortless integration among linked devices. For example, in April 2024, a study by Ericsson, a telecommunications company based in Sweden, revealed that global IoT connections had risen to 15.7 billion connections in 2023 and were projected to grow by 16% to 38.8 billion connections by the end of 2029. Therefore, expect the escalating adoption of IoT to boost the growth of the fingerprint sensor market in the foreseeable future.
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What is the projected compound annual growth rate (CAGR) of the fingerprint sensor market from 2025 to 2034, and what factors influence it?
The market size of the fingerprint sensor has seen a swift growth in the recent past. The projection for this market is an increase from $6.86 billion in 2024 to $8.07 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%. The historical progression of this upswing can be traced back to factors such as heightened requirements for security and authentication, more widespread usage of mobile devices, applications in government and law enforcement sectors, an increase in utilization in the financial services segment, and a growing application in the healthcare field.
The market size for fingerprint sensors is predicted to experience significant expansion in the upcoming years, swelling to a value of $15.35 billion by 2029 and delivering a compound annual growth rate (CAGR) of 17.5%. This surge during the prediction period stems from several factors such as online security for expanding e-commerce, protection of healthcare data, the application of biometrics in automobiles, regulation compliance, and enhancement in border security and immigration processes. The future trend forecasts for this period spotlight greater usage of in-display fingerprint sensors, advancement in ultrasonic fingerprint technology, integration of under-display cameras, along with the adoption of multimodal biometrics.
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How are the latest trends influencing the growth of the fingerprint sensor market?
The progression of technology is a primary trend gaining traction in the fingerprint sensor market. Leading firms in this industry are concentrating their efforts on innovating technologically advanced solutions to cater to consumer demands and solidify their standing. For example, the US-based SecuGen Corporation, a pioneer in optical fingerprint technology, has introduced the Hamster Pro 30 fingerprint reader and the OEM sensor U30. The new contact fingerprint reader and sensor by SecuGen have received certification from the FBI and are being employed in FIPS 201 PIV and Mobile ID FAP 30 applications.
What are the major segments of the fingerprint sensor market and their role in driving growth?
The fingerprint sensor market covered in this report is segmented -
1) By Type: Area And Touch Sensors, Swipe Sensors
2) By Technology: Capacitive, Optical, Thermal, Ultrasonic
3) By Sensor Technology: 2D, 3D
4) By Application: Consumer Electronics, Government And Law Enforcement, Military, Defense, And Aerospace, Travel And Immigration, Banking And Finance, Commercial, Healthcare, Smart Homes, Other Applications
Subsegments:
1) By Area and Touch Sensors: Capacitive Touch Sensors, Optical Area Sensors, Ultrasonic Sensors, Swipe Sensors
2) By Swipe Sensors: Capacitive Swipe Sensors, Optical Swipe Sensors
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Which regions are key players in the growth of the fingerprint sensor market?
Asia-Pacific was the largest region in the fingerprint sensor market in 2024. The regions covered in the fingerprint sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the fingerprint sensor market?
Major companies operating in the fingerprint sensor market include Anviz Global, Apple Inc., Egis Technology Inc., Fingerprint Cards AB, Shenzhen Goodix Technology Co. Ltd., Idex Biometrics ASA, Nippon Electric Company, NEXT Biometrics Group ASA, Qualcomm Technologies Inc., Synaptics Incorporated, BIO-key International, CrucialTec, Hid Global Corporation, M2SYS Technology, Novatek Microelectronics, Secugen Corporation, Goodix Technology Inc., CMOS Sensor Inc., ELAN Microelectronics, Focaltech, Japan Display Inc., Sonavation Inc., Touch Biometrix, Vkansee, AuthenTrend, BioEnable Technologies, Crossmatch, Dermalog Identification Systems GmbH, HID Global Corporation, Precise Biometrics AB, Suprema Inc., ZKTeco Inc., BioScan Tek, FacePhi Biometria S.A., Fujitsu Limited, Innovatrics, Nuance Communications Inc.
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What Is Covered In The Fingerprint Sensor Global Market Report?
•Market Size Forecast: Examine the fingerprint sensor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the fingerprint sensor market for a structured understanding.
•Key Players Overview: Analyze major players in the fingerprint sensor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fingerprint sensor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the fingerprint sensor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fingerprint sensor market.
•Industry Challenges: Identify potential risks and obstacles affecting the fingerprint sensor market.
•Competitive Landscape: Review strategic developments in the fingerprint sensor market, including expansions, agreements, and new product launches.
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