Future of the Fingerprint Sensor Market: Trends, Innovations, and Key Forecasts Through 2034

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Fingerprint Sensor Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for fingerprint sensors has experienced significant growth. The market size is projected to rise from $6.86 billion in 2024 to $7.95 billion in 2025, registering a compound annual growth rate (CAGR) of 15.8%. The historic growth surge can be traced back to the escalated need for security and verification, higher adoption of mobile devices, usage in government and law enforcement sectors, expanded use in financial services, as well as heightened applications in the healthcare sector.

How Will the Fingerprint Sensor Market Size Evolve and Grow by 2029?
In the coming years, the fingerprint sensor market is anticipated to experience swift expansion, reaching a value of $14.83 billion in 2029, with a compound annual growth rate (CAGR) of 16.9%. This growth during the projected period can be credited to factors such as the expansion of e-commerce and online security, safeguarding of healthcare data, use of biometrics in the automotive sphere, regulatory adherence, and heightened border security and immigration. The forecast period is expected to witness various trends such as in-display fingerprint sensors, ultrasonic fingerprint technology, under-display cameras, and multimodal biometrics.

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What Drivers Are Propelling the Growth of Fingerprint Sensor Market Forward?
The fingerprint sensor market is projected to register significant growth, bolstered by the escalating usage of the Internet of Things. The concept of the Internet of Things embodies a complex system of interconnected tech devices, mechanical and electronic equipment with unique identifiers (UIDs), capable of data transfer without the requirement of human or computer interaction. This surge in the application of the Internet of Things (IoT) is influenced by several interconnected components that boost efficiency, ease, and linkage in numerous industries. Fingerprint sensors significantly contribute to promoting the usage of the Internet of Things (IoT) by enhancing security, augmenting user experience and enabling effortless amalgamation among linked devices. As an illustration, Ericsson, a telecommunication entity based in Sweden, reported in April 2024 that global IoT connections, which stood at 15.7 billion in 2023, is projected to surge by 16%, culminating to 38.8 billion connections by 2029. As a result, the escalating usage of the Internet of Things is expected to stimulate the expansion of the fingerprint sensor market in the future.

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What Are the Key Trends Driving Fingerprint Sensor Market Growth?
In the fingerprint sensor market, a prominent trend emerging is technological innovation. Many leading corporations within the sector are concentrating on the creation of novel technological capabilities to fulfill customer appetite and reinforce their standing. To illustrate, SecuGen Corporation, an American company specializing in optical fingerprint technology, unveiled the Hamster Pro 30 fingerprint reader and the U30 OEM sensor. These products have received FBI certification and are utilized in FIPS 201 PIV and Mobile ID FAP 30 applications.

What Are the Key Segments in the Fingerprint Sensor Market?
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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Who Are the Key Players Shaping the Fingerprint Sensor Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth 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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