Press release
Emerging Trends to Reshape the Fingerprint Sensor Market: Secugen Introduces Certified Fingerprint Reader And Oem Sensor as a Key Influencer
Fingerprint Sensor Market
Fingerprint Sensor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for fingerprint sensors has seen a significant expansion in the preceding years. It is anticipated to rise from $6.86 billion in 2024 to $8.07 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%. Factors contributing to its growth during the historic period include heightened requirements for security and authentication, a surge in mobile device usage, implementations in government and law enforcement sectors, growing usage in financial services, as well as increased applications within the healthcare industry.
Fingerprint Sensor Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the fingerprint sensor market is forecasted to expand swiftly, ballooning to a size of $15.35 billion in 2029 with a compound annual growth rate (CAGR) of 17.5%. This growth during the projection period can be credited to factors such as the expansion of e-commerce and online security, the safeguarding of healthcare data, automotive biometrics, regulatory compliance, as well as enhanced border security and immigration. Some major trends likely to be seen in the forecast period include in-display fingerprint sensors, ultrasonic fingerprint technology, under-display cameras, and multimodal biometrics.
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What Are the Drivers Transforming the Fingerprint Sensor Market?
The rise in usage of the Internet of Things is anticipated to fuel the expansion of the fingerprint sensor market. The Internet of Things represents a system of networked, interconnected devices, mechanical and electronic machines each with unique identities (UIDs), capable of data transfer without necessitating human-to-human or human-to-computer interaction. The escalating adoption of Internet of Things (IoT) is stimulated by intertwined factors that improve efficiency, convenience, and connectivity in various industries. Fingerprint sensors significantly contribute to increasing the adoption of IoT by enhancing security, improving user experience, and enabling smooth integration among interconnected devices. For instance, a report released by Ericsson, a telecom company based in Sweden, stated that global IoT connections amounted to 15.7 billion in 2023 and are projected to rise by 16% to 38.8 billion by 2029. Thus, the escalating adoption of the Internet of Things is expected to spur the fingerprint sensor market's growth in the future.
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What Long-Term Trends Will Define the Future of the Fingerprint Sensor Market?
The rise in technological innovation is a significant trend that's earning traction in the fingerprint sensor marketplace. Leading businesses in this sector are concentrating on creating novel technological solutions to cater to consumer needs and consolidate their market presence. For instance, SecuGen Corporation, an American firm specialising in optical fingerprint technology, introduced a fingerprint reader called Hamster Pro 30 and an OEM sensor named U30. The FBI has given its approval for SecuGen's new contact fingerprint reader and sensor, which are utilized in FIPS 201 PIV and Mobile ID FAP 30 applications.
Which Segments in the Fingerprint Sensor Market Offer the Most Profit Potential?
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 Firms Dominate the Fingerprint Sensor Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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.
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