image

Fingerprint Sensor Market Report Scope & Overview:

The Fingerprint Sensor Market Size will be valued at USD 6.84 billion by 2031, and it was valued at USD 3.95 billion in 2023, and grow at a CAGR of 7.1% over the forecast period 2024-2031.

Fingerprint sensor is part of a biometric security system that scans a person's fingerprints and is used to verify identity. It takes pictures of vivid fingerprints, converts them into digital code, and saves them as minutiae fingerprints. Fingerprint sensor is fast, reliable, convenient, affordable, and can be seamlessly integrated into a variety of devices. As a result, it finds use in consumer electronics, government and law, aerospace, healthcare, defense, military, banks and any other financial and insurance, as well as tourism and international travel sectors.

Fingerprint Sensor Market Revenue Analysis

Get more information on Fingerprint Sensor Market - Request Sample Report

MARKET DYNAMICS:

KEY DRIVERS:

  • Increased identity threats leading to the development of fingerprint technologies.

  • Biometrics system are often used in government and law enforcement applications to improve security.

  • Widespread usage of fingerprint sensors for biometric identification in consumer electronics.

RESTRAINTS:

  • Increased use of replacement technology, such face- and iris-scanning.

  • Threats to the database of biometrics.

OPPORTUNITIES:

  • IoT-based biometric technology is being adopted more widely.

  • Biometric smartcards are becoming more common in BFSI applications.

  • Smartphones with in-display fingerprint sensors are the newest trend.

CHALLENGES:

  • Use of facial recognition technologies in various applications.

IMPACT OF COVID-19:

The COVID-19 epidemic has had a small impact on the growth of the fingerprint sensor market. From a regional point of view, the outbreak of COVID-19 has led to a sharp decline in the export-oriented economy due to the temporary closure of manufacturing plants. Aside from the problems related to exports and imports, the growth of the manufacturing industry in Germany was hampered by the closure of the manufacturing industry and the decline in production to accommodate the distribution of COVID-19. Due to the closure, major smartphone companies such as Samsung, Oppo, Vivo, and Xiaomi, had suspended production of smartphones for more than 30 days. As Lockdown closure limits are narrowing in various APAC countries, the fingerprint sensor market is expected to gain momentum in the next two segments. Consumer electronics, including products such as smartphones and smart homes, have become a luxury and a great necessity. This segment, which includes apparels, laptops, desktops, and other electronic devices, has had an impact, as production has slowed down due to disruptions in the global supply chain, including China, the largest OEMs base in the region. From a consumer standpoint, there is an increase in the use of smartphones and other technology, which promotes the expansion of the fingerprint industry.

Based on Type, the fingerprint market is segmented into Swipe Sensors and Area and Touch Sensors. Area and touch sensors are widely used in consumer electronics as these sensors offer a high level of accuracy and precision, thus capturing a large market share. Touch sensors are becoming smaller and more expensive and easier to use. OEMs prefer these sensors over swipe sensors, especially to mobile devices that require smaller sensors to gain integrated products as they are popular with end users in the market.

Based on Technology, the fingerprint market is segmented into Optical, Ultrasonic, Capacitive and Thermal. Ultrasonic sensors read the epidermal skin layer and skin membrane, capturing fine details. Therefore, these sensors can read wet fingers and toes with broken skin or damaged skin. Advances in sensor technology are expected to accelerate the growth of the ultrasonic finger sensor market

Based on Sensor Technology, the fingerprint market is segmented into 2D and 3D.

The market for 2D sensor technology is expected to reach high valuation. 2D sensor technology well suited to perform various detection and operations. Technology is always the preferred choice for OEMs because of its low cost, especially for mobile devices that require less sensors, to produce smaller products that are preferred by end users in the market. However, the 3D fingerprint market is expected to grow at a higher CAGR at the time of forecasting. 3D data provides the most accurate representation of real fingerprints.

Based on Application, the fingerprint market is segmented into Travel and Immigration, Commercial, Automotive, Healthcare, Consumer Electronics, Government and Law Enforcement, Banking & Finance, Smart Homes, Military, Defense, and Aerospace and Others. The consumer electronics application is likely to face a huge market size of fingerprint sensors in the coming years mainly due to the increasing demand for these sensors in consumer devices such as smartphones, tablets, laptops, and notebooks. Consumer IoT devices are expected to provide market opportunities during forecasting.

MARKET SEGMENTS:

By Type

  • Swipe Sensors

  • Area and Touch Sensors

By Products

  • Attendance recording system

  • Biometric Smartcards

  • Authentication system in smart device

  • Access Control Systems

  • Others

By Technology

  • Optical

  • Ultrasonic

  • Capacitive

  • Thermal

By Sensor Technology

  • 2D

  • 3D

By Application

  • Travel and Immigration

  • Commercial

  • Automotive

  • Healthcare

  • Consumer Electronics

  • Government and Law Enforcement

  • Banking & Finance

  • Smart Homes

  • Military, Defense, and Aerospace

  • Others

Fingerprint Sensor Market Segmentation Analysis

Get Customized Report as per your Business Requirement - Request For Customized Report

REGIONAL ANALYSIS:

APAC dominates the fingerprint sensor market mainly because consumer electronics are an important application for fingerprint sensors, and APAC is a major consumer electronics market. Key APAC countries include China, Japan, India, and South Korea. The great need for fingerprint sensors is driven by OEMs based in China and South Korea. The major smartphone manufacturers in China include Huawei, Xiaomi, Oppo, and Vivo, while Samsung, based in South Korea, is one of the leaders in the smartphone market, accelerating the growth of the fingerprint market at APAC. Other critical applications for receiving fingerprint sensors at APAC include banking and finance, government and law enforcement, and migration.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYECRS:

The key players in the fingerprint sensor market are Shenzhen Goodix Technology, Synaptics Incorporated, Apple, NEC Corporation, IDEX Biometrics ASA, Fingerprint Cards, Qualcomm Technologies, Thales Group, IDEMIA, HID Global Corporation & Other Players.

NEC Corporation- Company Financial Analysis

Company Landscape Analysis

Fingerprint Sensor Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 3.95 billion
Market Size by 2031  US$ 6.84 Billion
CAGR   CAGR of 7.1% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Swipe Sensors, Area and Touch Sensors)
• By Product (Attendance Recording System, Biometric Smartcards, Authentication System in Smart Device, Access Control Systems, Others)
• By Technology (Optical, Ultrasonic, Capacitive, Thermal) By Sensor Technology (2D, 3D)
• By Application (Travel and Immigration, Commercial, Automotive, Healthcare, Consumer Electronics, Government and Law Enforcement, Banking & Finance, Smart Homes, Military, Defense, And Aerospace, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Shenzhen Goodix Technology, Synaptics Incorporated, Apple, NEC Corporation, IDEX Biometrics ASA, Fingerprint Cards, Qualcomm Technologies, Thales Group, IDEMIA, HID Global Corporation
Key Drivers • Increased identity threats leading to the development of fingerprint technologies.
• Biometrics are often used in government and law enforcement applications to improve security.
Market Restraints • Increased use of replacement technology, such face- and iris-scanning.
• Threats to the database of biometrics.

 

Frequently Asked Questions

The Fingerprint Sensor Market will be valued at USD 6.84 billion by 2031.

IoT-based biometric technology is being adopted more widely, Biometric smartcards are becoming more common in BFSI applications, and Smartphones with in-display fingerprint sensors are the newest trend.

The COVID-19 epidemic has had a small impact on the growth of the fingerprint sensor market. From a regional point of view, the outbreak of COVID-19 has led to a sharp decline in the export-oriented economy due to the temporary closure of manufacturing plants.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Fingerprint Sensor Market Segmentation, By Type

8.1Introduction

8.2 Swipe Sensors

8.3 Area and Touch Sensors

9. Fingerprint Sensor Market Segmentation, By Product

9.1Introduction

9.2 Attendance recording system

9.3 Biometric Smartcards

9.4 Authentication system in smart device

9.5 Access Control Systems

9.6 Others

10. Fingerprint Sensor Market Segmentation, By Technology

10.1 Introduction

10.2 Optical

10.3 Ultrasonic

10.4 Capacitive

10.5 Thermal

11. Fingerprint Sensor Market Segmentation, By Sensor Technology

11.1 Introduction

11.2 2D

11.3 3D

12. Fingerprint Sensor Market Segmentation, By Application

12.1 Introduction

12.2 Travel and Immigration

12.3 Commercial

12.4 Automotive

12.5 Healthcare

12.6 Consumer Electronics

12.7 Government and Law Enforcement

12.8 Banking & Finance

12.9 Smart Homes

12.10 Military, Defense, and Aerospace

12.11 Others

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14.Company Profiles

14.1 IDEMIA

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Shenzhen Goodix Technology

14.3 Synaptics Incorporated

14.4 Apple

14.5 NEC Corporation

14.6 IDEX Biometrics ASA

14.7 Fingerprint Cards

14.8 Qualcomm Technologies

14.9 Thales Group

14.10 HID Global Corporation

14.11 Other

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone