Global Fingerprint Sensor Market is expected to witness a growth of ~10% over the next six years (2022-2028): Ken Research

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What Is the Size of Global Fingerprint Sensor Industry?

Global Fingerprint Sensor market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Fingerprint Sensor Market is largely driven by increase in the number of intelligent devices, such as tablets, laptops, biometric devices, smartphones, and smart wearables per person.

The fingerprint sensor is among the most prominent type of biometrics sensors that is used in various applications and devices, due to which the demand for fingerprint sensors is rising. Tracking the attendance of the employees has become easy with the use of biometric systems. This system prevents employees from logging in for one another hence drastically reducing fraud in attendance systems.

Iris scanning and facial scanning provide an advanced level of biometric security that can act as a substitute for the fingerprint sensor. The facial recognition system analyses the shape and position of different parts of the face to recognize the person. Iris scanning is known to be an excellent security technique, especially if it is performed using infrared light.

Global Fingerprint Sensor Market faces several restraints such as the availability of new technologies like facial recognition and iris recognition. Additionally, the high cost involved in the development of fingerprint sensors is a major barrier to the growth of the market.

Global Fingerprint Sensor Market By Type

The Global Fingerprint Sensor market is segmented by Type into Optical, Capacitive, Thermal and Ultrasonic. The capacitive segment held the largest market share in the year 2022 for the Global Fingerprint Sensor Market. Capacitive-type fingerprint sensor is widely used in smartphones, laptops, and other electronic devices. As consumer electronic devices mostly use capacitive-type fingerprint sensors in their products, their sales figures are higher than other types of fingerprint sensors.

Due to their low cost, easy availability, and compact characteristics, the capacitive fingerprint sensor has also become a popular choice for biometrics smartcards, smart locks, and other access control devices.

Global Fingerprint Sensor Market By Application

The Global Fingerprint Sensor Market is segmented by Application into Smartphones/Tablets, Laptops, Smartcards, IoTs and Others. The smartphone/tablet segment held the largest market share in 2022 for the Global Fingerprint Sensor Market.

As there have been advancements in access control technologies, the adoption of fingerprint sensors in smartphones and laptops has increased. A user is now able to make easy payments via his/her smartphone using authentication by fingerprint sensors. The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011, however, but Apple revolutionized touch ID fingerprint sensors in mobile devices. Apple's Touch ID is a fingerprint sensor that scans fingerprints, reads them, and finally recognizes the fingerprints.

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Global Fingerprint Sensor Market By End-User

The Global Fingerprint Sensor market is segmented by End-User into Consumer Electronics, Travel and Immigration, Government and Law Enforcement, Military and Others. The consumer electronics segment held the largest market share in 2022 for the Global Fingerprint Sensor Market.

This growth is mainly due to an increase in demand for sensors that are used in smartphones, tablets notebooks, and laptops. In 2020, according to China Internet Network Information Centre (CNNIC), around 852.5 million users made mobile payment transactions, which surged from 583.3 million users in 2018. These kinds of surges in mobile payment transactions increase the need for fingerprint sensors.

Market Taxonomy

By Type

• Optical
• Capacitive
• Thermal
• Ultrasonic

By Application

• Smartphones/Tablets
• Laptops
• Smartcards
• IoTs
• Others

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By End-User Industries

• Consumer Electronics
• Travel and Immigration
• Government and Law Enforcement
• Military
• Others

By Region

• North America
• USA
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• Fingerprint Cards AB
• Egis Technology.
• Vkansee Technology Inc.
• Synaptics
• Apple Inc.
• CMOS Sensor Inc
• Goodix
• Touch Biometrix
• Q Technology
• Thales
• Idemia
• Qualcomm Technologies, Inc

For more insights on the market intelligence, refer to below link:-

Global Fingerprint Sensor Market

3 Key Insights on Competitive Landscape in the Global Fingerprint Sensor Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Regional Players, finds a recent market study on Global Fingerprint Sensor Market by Ken Research

The fingerprint sensor is a category of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

The fingerprint sensor finds wide adoption in smartphones, biometrics access control devices, security door locks, and other IoT-based devices. Some other applications of fingerprint sensors are voter registration and identification, border control via passport verification, and weapon activation.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study

Global Players Constitute ~10% of the Total Number of Competitors While Regional Companies comprise 30% of the Total Number of Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the Fingerprint Sensor Market. The large global players comprise about ~10% in terms of the number of companies and Country Niche players account for ~60% total number of companies. Most of the country’s niche players operate in providing access control solutions to small and medium enterprises in developing countries, especially in India, China, the Philippines, Vietnam, and other South Asian countries.

Leading Global Players' Ongoing Efforts To Provide Fingerprint Sensor Solutions To A wide range of Fingerprint Sensor Industries Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as Fingerprint Cards AB, Egis Technology, Vkansee technology Inc., CMOS Sensor Inc., and Touch Biometrix are highly focused on providing specialized solutions regarding fingerprint sensors and possess advanced techniques that can be used across multiple industry verticals. Furthermore, several companies and organizations are aggressively investing in R&D to increase the development of fingerprint sensor solutions.

• In January 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. With this technology, users can wave their hands easily and quickly to have their four fingerprints 3D-scanned and confirmed in a fraction of second
• In January 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to bring biometric cards to Poland. When using this card for the transaction, the payment is authorized through biometric verification of the fingerprint of the cardholder, regardless of any amount.

Governments Initiatives to Promote the Adoption of Fingerprint Sensor Technology in Major Regions

• In 2020, the Indian Government mandated biometrics for Aadhar validation in government schemes. The Aadhaar database enables government & private sector organizations to validate the users with their Aadhaar records. Aadhaar Authentication Ecosystem is a procedure by which a person’s Aadhaar number, along with their biometric and demographic information, is sent to CIDR (Central Identities Data Repository) for validation.
• According to The Foreign Biometric Exchange (FBE) Program, biometrics are obtained from foreign law enforcement partners and this is the primary mission of FBE. The biometric records belong to individuals of interest to partner countries, the United States, or the international law enforcement community, and also include individuals associated with or appropriately suspected of terrorist activity, egregious crimes, or transnational criminal activity.

 For more information on the research report, refer to the below link:-

Global Fingerprint Sensor Market

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