Fingerprint Sensors Market Size, Share, Opportunities, And Trends By Type (Area Sensors, Swipe Sensors), By Technology (Thermal Sensors, Optical Sensors, Ultrasound Sensors, Capacitive Sensors, Others), By End-Use Industry (Consumer Electronics, Defense, Government, Healthcare, Travel And Transport, Residential, Banking & Finance, Others), And By Geography - Forecasts From 2024 To 2029

The fingerprint sensors market is expected to grow at a CAGR of 13.21%, reaching a market size of US$11.084 billion in 2029 from US$5.961 billion in 2024.

Fingerprint sensors are used to provide authorization and authentication by extracting the distinctive features of each fingerprint using tiny capacitors. The market is expanding as a result of components being used in more and more consumer electronics devices, such as laptops, tablets, smartphones, and many more. Due to their many uses, security systems installed in offices and commercial buildings would also drive the need for fingerprint sensors.  This has boosted the fingerprint sensor market at an almost unprecedented rate. The fingerprint sensors are a secure means of accessing areas and/or quarters restricted to certain individuals' profiles only. These components also come with the ability to be integrated with more capabilities like facial recognition, which further augments the fingerprint sensor market growth.

Additionally, the financial imperative of monitoring employee entry and exit times is also a factor driving the fingerprint sensor market’s growth. Human resource departments must understand the areas where employees can improve to ensure that they adhere to organizational norms, even though the primary objective of fingerprint sensors is to provide authorization.

Fingerprint Sensors Market Drivers:

• High demand from the consumer electronics industry

The consumer electronics industry will substantially contribute to the fingerprint sensor market’s expansion. Consumer electronic products have witnessed exponential growth during recent years, majorly due to fierce competition among high-volume consumer electronics manufacturers. The developed and emerging economies have led smartphone manufacturers to make fingerprint scanning facilities available for entry-level phones as well. Additionally, the dwindling price of smartphones and the growing aspiration for feature-rich smartphones has led to the fingerprint sensor market’s growth. To attract more potential customers, laptop manufacturers are also promoting the security features of their products. These sensors are implemented due to the growing need for data and hardware protection.

• Increasing need for fingerprint sensors in banking and financial institutions

The BFSI sector has been driving and is estimated to drive the market for fingerprint sensors further during the forecast period and beyond. The reason for this contribution is that various security issues have made it to the top of the priority list for payment getaways. Plugins for smart cards have been developed where reference data is stored in the chip, and fingerprint sensors are used directly at POS terminals to perform transactions. For instance, in December 2023, Fingerprint Cards (Fingerprints) declared the improvement of a new class of biometric payment cards from Thales Gemalto that are suitable for large-scale production globally. The improved Thales solution offers better security, faster transaction speed, and improved energy efficiency to users employing Fingerprints’ T-shaped sensor (T2) together with its biometric payment software platform. The FPC1300 series of fingerprints contains a T2 sensor module, making it easier and cheaper to make biometric payment cards. The biometric sensor has been designed to be easily integrated using standard automated manufacturing processes, which are made possible by dual-row packaging.

• Increase in the use of fingerprint sensors for biometric authentication in consumer electronics

Consumer electronics are used by an increasing number of people each day, so security needs to be examined. For gadgets that use smart technology to shield data from security breaches, this is particularly crucial. Consumer electronics that use biometric authentication compensate for the shortcomings of previous security measures like passwords and patterns, which are easily forgotten or stolen by third parties. Consumer electronics that use fingerprint sensors make it quick and simple to enter and exit, and they allow for the verification of the identity of the user. Because of these advantages, fingerprint authentication is a common feature in consumer electronics, which contributes to the market's expansion.

Fingerprint Sensors Market Restraints:

• Increased adoption of substitute technologies

The growing use of alternatives like face and iris scanning could impede market expansion as it threatens the dominance of fingerprint recognition, the most widely used type of biometric security.

Fingerprint Sensors Market Geographical Outlook

• The Asia Pacific is witnessing exponential growth during the forecast period

The government's initiatives and the rise in mobile transactions in China are anticipated to be the main factors propelling the fingerprint sensors market in that nation. Many mobile transactions are occurring in China, which is anticipated to expand the market's potential. Concerning the vehicles of future generations, there is an aspiration on the part of Japanese players in the automotive sector to encompass fingerprint sensors. Fingerprint sensors are in high demand, especially within South Korea, because there has been an increasing reliance on payment cards and a surge in the necessity for biometric payment cards. Currently, several market vendors are attempting to incorporate biometric technology. This product will transform the banking industry and lead to a massive increase in bank customers nationwide and an array of end-users.

Fingerprint Sensors Market Key Launches

• In November 2023, Touch Biometrix launched the biggest TFT capacitive fingerprint sensor ever. When it comes to biometric sensors, some people think size does matter. Touch Biometrix has developed the biggest and most compact capacitive fingerprint sensor using thin-film transistor (TFT) tech. Even though TCAP60 has the most difficult dimension on the FBI-certified list, Touch Biometrix chose to develop it as its first product because we were confident in our technology's ability to scale to any size and we wanted to show the world that Touch Biometrix's technology is the one to use. The TCAP60 gadget can be purchased as a half module that is prepared for incorporation into security services software. Utilizing Sharp Display Technology's Active Pixel architecture, the sensor was developed in tandem with the company and manufactured by Sharp on an IGZO TFT-based substrate.
• In November 2023, Next Biometrics sent an Aadhaar-certified FAP20 fingerprint sensor sample for an Indian OEM customer after a huge purchase of Kr. 1.5 million (US$ 140000) [Norway].  The company, located in Oslo, attributes the rise in demand from India to the country's increasing use of biometric hardware and software to address socio-economic issues and the L1 certification of its fingerprint sensor technology as compliant with UID requirements. As the Unique Identification Authority of India (UIDAI) prepares to get rid of the approximately 4.5 million devices without L1 certification that are currently being used for the Aadhaar digital ID program.         

The Fingerprint Sensors market is segmented and analyzed as follows:

• By Type
  • Area Sensors
  • Swipe Sensors
• By Technology
  • Thermal Sensors
  • Optical Sensors
  • Ultrasound Sensors
  • Capacitive Sensors
  • Others
• By End-User Industry
  • Consumer Electronics
  • Defense
  • Government
  • Healthcare
  • Travel and Transport
  • Residential
  • Banking & Finance
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. FINGERPRINT SENSORS MARKET BY TYPE

5.1. Introduction

5.2. Area Sensors

5.3. Swipe Sensors

6. FINGERPRINT SENSORS MARKET BY TECHNOLOGY

6.1. Introduction

6.2. Thermal Sensors

6.3. Optical Sensors

6.4. Ultrasound Sensors

6.5. Capacitive Sensors

6.6. Others

7. FINGERPRINT SENSORS MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Consumer Electronics

7.3. Defence

7.4. Government

7.5. Healthcare

7.6. Travel and Transport

7.7. Residential

7.8. Banking & Finance

7.9. Others

8. FINGERPRINT SENSORS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Technology

8.2.3. By End-User Industry

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Technology

8.3.3. By End-User Industry

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Technology

8.4.3. By End-User Industry

8.4.4. By Country

8.4.4.1. UK

8.4.4.2. France

8.4.4.3. Germany

8.4.4.4. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Technology

8.5.3. By End-User Industry

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Israel

8.5.4.4. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Technology

8.6.3. By End-User Industry

8.6.4. By Country

8.6.4.1. Japan

8.6.4.2. China

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Indonesia

8.6.4.6. Thailand

8.6.4.7. Taiwan

8.6.4.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. 3M Cogent Inc.

10.2. Anviz Global

10.3. Shenzhen Goodix Technology Co

10.4. Synaptics Incorporated

10.5. Egis Technology Inc

10.6. Novatek Microelectronics Corp.

10.7. Qualcomm Technologies

10.8. NEXT Biometrics

10.9. CMOS Sensor Inc

10.10. ID3 Technologies

10.11. ELAN Microelectronics Corp.

3M Cogent Inc.

Anviz Global

Shenzhen Goodix Technology Co

Synaptics Incorporated

Egis Technology Inc

Novatek Microelectronics Corp.

Qualcomm Technologies

NEXT Biometrics

CMOS Sensor Inc

ID3 Technologies

ELAN Microelectronics Corp.