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Fingerprint Sensor Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

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The Global Fingerprint Sensor Market Size accounted for USD 4.94 Billion in 2023 and is estimated to achieve a market size of USD 17.37 Billion by 2032 growing at a CAGR of 15.2% from 2024 to 2032.

Fingerprint Sensor Market Highlights

  • Global fingerprint sensors market revenue is poised to garner USD 17.37 billion by 2032 with a CAGR of 15.2% from 2024 to 2032
  • Asia-Pacific fingerprint sensors market value occupied around USD 2.22 billion in 2023
  • North America fingerprint sensors market growth will record a CAGR of more than 16% from 2024 to 2032
  • Based on application, the consumer electronics sub-segment generated notable market share in 2023
  • Integration with AI and machine learning for advanced security features is the fingerprint sensors market trend that fuels the industry demand

A fingerprint sensor is used in a device to collect biological properties of fingerprints in the form of a live scan, which can then be compared to an existing biometric template stored in the data. The fingerprint sensor is commonly employed in biometric recognition systems for security purposes in a variety of industries, including investigation labs, banking and organization, immigration and border protection, to ensure safe and convenient operation and transactions in everyday life. Fingerprint sensors are now widely utilized in a variety of consumer goods, including smartphones, computers, and tablets. Fingerprint sensors provide critical features such as consistent, quick, and easy access to data such as personal contact information, payment information, location, emails, and other associated data to the authorized user. However, the fingerprint sensor is regarded as a critical tool in the management of attendance portals and record-keeping.

Global Fingerprint Sensor Market Dynamics

Market Drivers

  • Increasing demand for biometric authentication in smartphones and consumer electronics
  • Rising adoption of fingerprint sensors in government and defense applications for secure identification
  • Growth of contactless payment systems boosting the integration of fingerprint sensors in smart cards

Market Restraints

  • High costs associated with advanced fingerprint sensor technology
  • Privacy concerns and potential misuse of biometric data
  • Challenges in integrating fingerprint sensors into small and complex devices

Market Opportunities

  • Expansion of IoT and smart home devices creating new applications for fingerprint sensors
  • Advancements in in-display fingerprint sensors for seamless integration in smartphones
  • Growing demand for enhanced security solutions in financial and healthcare sectors

Fingerprint Sensor Market Report Coverage

Market Fingerprint Sensors Market
Fingerprint Sensors Market Size 2022

USD 4.94 Billion

Fingerprint Sensors Market Forecast 2032 USD 17.37 Billion
Fingerprint Sensors Market CAGR During 2023 - 2032 15.2%
Fingerprint Sensors Market Analysis Period 2020 - 2032
Fingerprint Sensors Market Base Year
2022
Fingerprint Sensors Market Forecast Data 2023 - 2032
Segments Covered By Type, By Sensor Technology, By Application, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Apple Inc., Shenzhen Goodix Technology Co., Ltd., IDEX ASA, Fingerprint Cards AB, M2SYS Technology, Synaptics Incorporated, Edge Electronics, Inc, Vkansee Technology Inc., Cross Match Holdings, Inc., 3M Cogent Inc., Integrated Biometrics, Inc, Qualcomm Technologies, Inc, and among others.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Fingerprint Sensor Market Insights

One of the important factors contributing to the fingerprint sensor market's rapid growth is the government's increasing acceptance of fingerprint-based identification systems for various portable applications. For instance, on 4 April, 2023, specification for Certification Testing of Contactless Fingerprint Acquisition Devices, Version 1.0 This specification builds on the protocols and metrics provided in NIST Special Publication 500-336, defining processes for evaluating and certifying contactless fingerprint acquisition devices in comparison to certified legacy contact fingerprint collection devices. This protocol allows contactless fingerprint developers seeking device certification to self-test their device using the NIST Fingerprint Registration and Comparison Tool (NFRaCT). The primary driver driving market expansion is the growing importance of using a fingerprint sensor in a variety of industries, including demand for security checks in organizations, physical access control solutions, and the expanding market for smartphones and tablets, among others.

Furthermore, the fast adoption of biometric devices by numerous companies has accelerated market expansion. For instance, in April 2023, UIDAI partnered with IIT Bombay to develop contactless fingerprint capture software for phones, aimed at enhancing biometric authentication. The collaboration focuses on creating touchless fingerprint capture technology with built-in liveness detection, allowing biometric authentication through a modality other than face recognition. The system is designed to capture multiple fingers simultaneously for improved accuracy and is intended for integration into the broader Aadhaar ecosystem. However, a lack of security awareness and the complexity of integrating devices with fingerprint sensors limit market growth.

Fingerprint Sensor Market Segmentation

The worldwide market for fingerprint sensors is split based on type, sensor technology, application, and geography.

Fingerprint Sensors Market By Type

  • Swipe Sensor
  • Touch Sensor
  • Area Sensor

According to the fingerprint sensors industry analysis, area sensors are likely to show notable growth in market because they can record more of the fingerprint at once, resulting in more comprehensive and accurate readings. They are also noted for their speed and efficiency, making them suitable for a wide range of applications, including smart phones and security systems. Their capacity to perform under a variety of lighting conditions, as well as their increased longevity, adds to their desirability. As technology progresses, these sensors become more affordable, boosting their use across a variety of devices.

Fingerprint Sensors Market By Sensor Technology

  • Capacitive
  • Optical
  • Thermal
  • Others

The optical sector essential technology in the fingerprint sensor market because it employs light to collect detailed photographs of fingerprints. This technology beams light onto the finger and captures the reflected pattern to produce a fingerprint image. Optical sensors are popular because they are highly accurate and reliable at identifying unique fingerprint patterns. Their robust acceptance is due in part to their performance in a variety of lighting conditions.

Fingerprint Sensors Market By Application

  • Consumer Electronics
  • Travel & Immigration
  • Government & Law Enforcement
  • Military
  • Defense, & Aerospace
  • Banking & Finance
  • Commercial Security
  • Healthcare
  • Smart Phones
  • Others

According to the fingerprint sensors market forecast, consumer electronics are likely to dominate the industry because to the high demand for security and convenience in devices such as smartphones and tablets. These items frequently include fingerprint sensors to ensure secure unlocking and personal data protection. As technology progresses, more consumer electronics include these sensors to improve user experience and device security.

Fingerprint Sensor Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Fingerprint Sensor Market Regional Analysis

For several reasons, the Asia-Pacific region leads the fingerprint sensors market due to its large population and rapid adoption of technology. For instance, July 2024-Goodix and Samsung implemented unique fingerprint enrollment procedures with the goal of improving customer ease and security on their latest devices. Goodix, a biometric sensor provider, has developed a feature called "sliding enrollment" for fingerprint sensors embedded in the display. This feature was initially introduced with the Iqoo Neo 9s Pro Plus. Countries like China and India are major contributors because of their growing tech industries and increasing demand for secure authentication methods. Additionally, the region’s strong manufacturing base and investment in innovation support market growth.

North America is experiencing strong growth in the fingerprint sensors market due to increased adoption in various sectors like security, smartphones, and financial services. Advances in technology have made these sensors more reliable and affordable, boosting their use. For instance, March 2024-SmartMetric, Inc. (OTC: SMME) received patents from the United States Patent Office. These patents, issued to SmartMetric by its founder, Chaya Hendrick, give the company exclusive rights to use biometric fingerprint sensor technology in credit cards in the United States. The issued patents describe a credit card or debit card with an EMV chip and a fingerprint sensor embedded into the card surface.

Fingerprint Sensor Market Players

Some of the top fingerprint sensors companies offered in our report include Apple Inc., Shenzhen Goodix Technology Co., Ltd., IDEX ASA, Fingerprint Cards AB, M2SYS Technology, Synaptics Incorporated, Edge Electronics, Inc, Vkansee Technology Inc., Cross Match Holdings, Inc., 3M Cogent Inc., Integrated Biometrics, Inc, and Qualcomm Technologies, Inc.