Fingerprint Sensor Market By Type (Touch, Swipe), Device Type (FAP 10, FAP 20), Sensor Technology (Optical Sensor, Capacitive Sensor), Application (Mobile Devices, Smartphones, Consumer Electronics), Material (Optical Prism, Pyroelectric), End-User (Government, Law Enforcement, Banking And Finance S

Fingerprint Sensor Market Valuation – 2024-2031

Fingerprint sensors were valued at USD 6.8 Billion by 2023 and the increasing demand for secure and reliable biometric authentication solutions is driven by several factors with a rising concern over identity theft, fraud, and cybercrime. With the increasing use of digital technologies, the risk of unauthorized access to sensitive information and data breaches has become a major concern for individuals, businesses, and governments.

The proliferation of fingerprint sensors in smartphones and other consumer electronics, government support for the adoption of fingerprint sensors in BFSI industry, and the use of biometrics in mobile commerce are driving the growth of the market. The adoption of fingerprint protection by smartphones to secure stored data and the essential bank options such as OTP and mobile banking applications are expected to fuel the Fingerprint Sensor Market and it is growing at a CAGR of 14.8% from 2024 to 2031. The market is expected to reach USD 20.1 Billion by 2031.

Fingerprint Sensor MarketDefinition/ Overview

A fingerprint sensor is a biometric technology that is used to capture and analyze the unique patterns of ridges and valleys on an individual’s fingertips. These sensors are used to authenticate or verify the identity of an individual based on their fingerprint. A fingerprint sensor typically consists of a small sensor that is integrated into a device such as a smartphone, laptop, or tablet. When a user places their finger on the sensor, the sensor captures the fingerprint image and uses algorithms to compare it with a stored image to verify the user’s identity.

Fingerprint sensors are widely used in various industries, including banking, government, healthcare, and retail. In the banking sector, fingerprint sensors are used to authenticate customers for online banking, mobile banking, and ATM transactions. In the government sector, fingerprint sensors are used for identity verification and access control systems. In the healthcare sector, fingerprint sensors are used for patient identification and access to medical records. In the retail sector, fingerprint sensors are used for secure payment transactions and access control systems.

What are the Key Factors Contributing to the Growth of the Fingerprint Sensor Market?

The increasing demand for secure and convenient authentication methods across various applications, such as smartphones, laptops, and access control systems, is driving the adoption of fingerprint sensors. As digital transactions and data privacy concerns rise, the need for reliable biometric authentication solutions becomes paramount, advancements in technology have led to the development of more sophisticated and accurate fingerprint sensing technologies, enhancing their overall effectiveness and reliability.

Government initiatives to incorporate biometric authentication in identification cards and passports, along with the growing trend of smart homes and IoT devices, contribute significantly to the expansion of the Fingerprint Sensor Market. The continuous research and development efforts by industry players to innovate and improve sensor capabilities further fuel market growth. Overall, the combination of heightened security requirements and technological advancements propels the Fingerprint Sensor Market forward.

Integration of fingerprint sensors in smartphones and other mobile devices for authentication and secure access has been a major driver. This includes not only high-end smartphones but also mid-range and budget devices, as biometric authentication becomes more mainstream. Rising concerns about data security and identity theft have led to increased adoption of biometric technologies, with fingerprint sensors being a popular choice due to their accuracy and reliability.

What are the Challenges Faced by Fingerprint Sensor Market?

Industries such as smartphones, banking, government are facing the issue of security vulnerabilities. As technology evolves, so the methods employed by hackers to bypass fingerprint authentication systems, leading to concerns about the overall security of these systems.

Additionally, there are compatibility and standardization challenges across different devices and platforms, hindering seamless integration and interoperability. The cost of implementation and potential privacy concerns are also notable obstacles, as the deployment of fingerprint sensors often requires substantial investment, and consumers may be wary of the potential misuse or unauthorized access to their biometric data.

Overcoming these challenges requires continuous innovation, collaboration, and stringent regulatory frameworks to ensure the reliability and security of fingerprint sensor technology in the market.

Category-Wise Acumens

How is Ultrasonic Sensor Supporting the Overall Growth of the Fingerprint Sensor Market?

The integration of ultrasonic sensor technology has significantly contributed to the overall growth of the Fingerprint Sensor Market by enhancing the performance and reliability of biometric authentication systems. It can offer a unique advantage in fingerprint recognition as they create a three-dimensional map of the user’s fingerprint, capturing detailed features such as ridges and pores. This advanced level of accuracy can not only improve the security aspect but also ensures a more robust and foolproof authentication process.

Ultrasonic sensors can be capable of working in diverse environmental conditions, overcoming challenges like moisture, dirt, or oily residues on the skin that might affect other sensor types. The adoption of ultrasonic sensors will expand across various applications, including smartphones, laptops, access control systems, and financial transactions, driving the growth of the Fingerprint Sensor Market as a whole.

The technology’s ability is to provide a seamless and secure user experience which will propel its demand and market penetration, establishing ultrasonic sensors as a key enabler in the evolution of biometric authentication systems.

Why the Demand for Fingerprint Sensors in Mobile Devices is Increasing?

The demand for fingerprint sensors in mobile devices is steadily increasing due to the growing emphasis on security and convenience in the digital era. Fingerprint sensors offer a secure and efficient method of biometric authentication, enhancing the overall user experience.

With the increasing reliance on smartphones for personal and sensitive tasks such as mobile banking, online shopping, and accessing confidential information, users are seeking robust security measures. Fingerprint sensors can provide a quick and reliable means of unlocking devices and verifying user identity, surpassing traditional methods like PINs or passwords.

The integration of fingerprint sensors in mobile devices aligns with the trend toward seamless and contactless interactions, offering a convenient yet secure solution. As technology advances, manufacturers are also incorporating innovative features such as under-display fingerprint sensors, further driving the demand for this biometric authentication method in mobile devices. The rising need for robust security and user-friendly authentication methods is propelling the increasing demand for fingerprint sensors in mobile devices.

When Apple released the iPhone 5s, the phone’s fingerprint solution got a lot of attention. Fingerprint sensors offer the benefits of both the highest security as well as user convenience. Fingerprint scanners have become a super-secure alternative to remembering the indefinite numbers of PINs, usernames, and passwords stored on your phone. Fast speeds and a hidden in-display design ensure that it stays in place, the growing adoption of expensive face-unlocking technology. The widespread adoption of secure mobile payment systems means that these scanners will remain an important security tool well into the future.

Why the Adoption of Optical Prism in Fingerprint Sensors is Increasing?

The adoption of optical prisms in fingerprint sensors is experiencing a surge due to their notable advantages in enhancing biometric authentication technology. Optical prisms are being increasingly favoured for their ability to capture high-quality and detailed fingerprint images. Unlike traditional capacitive sensors, optical prisms use light to create a precise map of the unique ridges and valleys on an individual’s fingertip. This technology offers improved accuracy and reliability, reducing the likelihood of false positives or negatives.

Optical prism-based sensors are often more resilient to environmental factors such as moisture or dirt, contributing to their growing popularity in various applications, including smartphones, laptops, and access control systems.

As the demand for robust and secure biometric authentication solutions continues to rise, the adoption of optical prisms in fingerprint sensors is expected to persist and expand across diverse industries. An optical fingerprint sensor typically consists of a casing assembly, a prism, and a light source assembly. The prism is separated into a dark background prism and a brilliant background prism depending on whether or not background surfaces are present.

Gain Access into Fingerprint Sensor Market Report Methodology

Country/Region-wise Acumens

How is the Development of Biometric Smart Cards in the USA Contributing to the Expansion of the Market for Fingerprint Sensors?

The development of biometric smart cards in the USA is playing a pivotal role in driving the expansion of the market for fingerprint sensors. As these smart cards integrate advanced biometric authentication technologies, particularly fingerprint recognition, they can enhance the security and convenience in various sectors such as finance, healthcare, and government.

The increasing adoption of biometric smart cards for secure access to facilities, financial transactions, and identity verification has led to a growing demand for reliable and efficient fingerprint sensors. This surge in demand can propel innovation and investment in fingerprint sensor technologies, fostering advancements in accuracy, speed, and scalability.

Companies specializing in fingerprint sensor manufacturing will experience heightened market opportunities, leading to the development of more sophisticated and cost-effective solutions. The growth of the biometric smart card market in the USA is thus intricately linked to the expansion of the Fingerprint Sensor Market, reflecting a broader trend towards heightened security measures and seamless user authentication.

How is the Market for Fingerprint Sensors Dominated by North America?

The area promotes innovation and improvement in biometric technologies thanks to its strong technological infrastructure and high level of investment in research and development. Furthermore, a number of significant participants in the Fingerprint Sensor Market are based in North America. These include businesses like Apple, Qualcomm, and Synaptics, which have helped fingerprint sensor technology spread throughout consumer devices like laptops, tablets, and smartphones.

Further propelling market expansion in the region are the strict security laws and growing worries about data privacy, which have sped up the implementation of fingerprint sensors in a number of industries, including government, healthcare, and banking.

The extensive integration of fingerprint sensors into commonplace gadgets has been driven by the strong consumer demand for convenient and secure identification methods, solidifying North America’s position as a dominating force in the global Fingerprint Sensor Market.

Competitive Landscape

Companies that provide fingerprint sensors are either companies that have a wide range of offerings of electronic components or are companies that specialize in providing security solutions and fingerprint sensors are one of their primary offerings.

Some of the prominent players operating in the Fingerprint Sensor Market are

Thales Group (3M Cogent, Inc.), Anviz Global, Inc., BIO-Key International, Inc., Egis Technology Inc., Fingerprint Cards AB, IDEMIA (Advent International Corporation), Idex Biometrics ASA,M2SYS Technology, Next Biometrics Group ASA, NEC Corporation, Shenzhen Goodix Technology Co. Ltd., Synaptics Incorporated.

Latest Developments

• In January 2022, Vivo announced the IQOO 9 Pro smartphone with Qualcomm’s 3D Sonic Max ultrasonic fingerprint sensor, which has the Snapdragon 8 Gen 1 processor. The Qualcomm 3D Sonic Max in the IQOO 9 Pro enables a super-fast one-tap fingerprint registration process.
• In May 2022, Thales signed an agreement with Sonae Investment Management and acquired S21sec and excelling to reinforce its cybersecurity.
• In May 2022, IDEMIA collaborated with Telefonica Espana to improve the security of the 5G Sim technology to secure their customer’s communications.
• In May 2022, Apple, Inc. introduced a new and advanced professional training suite for professionals to support the growing IT workforce.
• In March 2022, Synaptics Incorporated launched the katana Edge AI kit to accelerate the growth and development of the AI vision and Sensor fusion applications for IoT.
• In September 2021, IDEMIA launched IDEMIA STORM ABIS, which is SaaS-based and has an Automated Biometric Identification System (ABIS) that enables accessible, intuitive, and affordable fingerprint documentation, comparison, and analysis. IDEMIA STORM ABIS backs up local as well as national searches through comparison, analysis, and case management tools that enable fingerprint examiners to effectively and efficiently conduct investigations from anywhere.

Report Scope

Fingerprint Sensor Market, By Category

Type

• Touch
• Swipe
• Area

Device Type

• FAP 10
• FAP 20
• FAP 30

Sensor Technology

• Optical Sensor
• Capacitive Sensor
• Active
• Passive
• Thermal Sensor
• Ultrasonic Sensor
• Others

Application

• Mobile Devices
• Smartphones
• Laptops/ Notebooks/Tablets
• Consumer Electronics
• Wearable Electronics
• USB Flash Drives
• Others

Material

• Optical Prism
• Piezoelectric
• Pyroelectric
• Adhesive
• Others

 End-User

• Government & Law Enforcement
• Banking, Finance Service & Insurance (BFSI)
• Healthcare
• Travel and Immigration

Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Research Methodology of Market Research

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
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