Fingerprint Sensor Market By Type (Swipe Sensors, Touch Sensors), By Technology (Optical, Thermal, Capacitive, Others), By Application (Defense and Aviation, Consumer Electronics Sector, Government and Law Enforcement, Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Report Overview

Fingerprint Sensor Market size is expected to be worth around USD 57.0 Bn by 2032 from USD 16.44 Bn in 2022, growing at a CAGR of 13.6% during the forecast period from 2023 to 2032.

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The introduction of the Fingerprint Sensor Market has caused a paradigm shift in the authentication solutions industry. This innovative technology provides a secure and convenient method for gaining access to devices, applications, and physical spaces without the need for physical keys or complicated passwords. Increasing security concerns and the demand for contactless and non-invasive authentication methods have significantly increased the demand for such technology.

Fingerprint sensors are biometric devices that detect and authenticate the unique characteristics of an individual's fingerprints, providing a method of authentication that is accurate and trustworthy. Such sensors have revolutionised the security industry by providing an ideal means of preventing unauthorised access to devices or physical spaces. This technology enhances user convenience and facilitates a seamless, uncomplicated user experience.

The Fingerprint Sensor Market has seen significant innovation due to the development of advanced materials such as graphene, which enhances the sensitivity and accuracy of fingerprint sensors. In addition, ultrasonic fingerprint sensors have been created, which use sound vibrations to create a high-resolution 3D map of the user's fingerprint, thereby enhancing the sensors' dependability and precision.

There has been a growing emphasis on transparency, explainability, and accountability as biometric data use raises ethical concerns. Companies that utilise biometric data must be transparent about their practises, ensuring that users are aware of how their data is collected and utilised. Additionally, users should be able to request that their information be expunged or corrected.

Driving factors

Demand for Safe and Practical Biometric Authentication Techniques

In various industries, such as finance, healthcare, and government, the demand for enhanced security measures and a seamless user experience is driving the need for secure and convenient biometric authentication systems. Fingerprint sensors have become the go-to choice for many organisations seeking to enhance user security while enhancing user convenience.

Increased Mobile Payment System and Online Transaction Adoption

As the number of digital transactions has increased, so has the need for secure authentication methods. Fingerprint sensors facilitate the authentication of transactions while assuring the safety of sensitive data.

Technological Developments in Fingerprint Sensor Market

In Fingerprint Sensors Increased precision and velocity contribute to the expansion of the market. These innovations have made biometric sensors more trustworthy and user-friendly. Increasing demand for fingerprint sensors in consumer electronics is also propelling market expansion. Fingerprint Sensor Market Emerging technologies such as vein-based biometric authentication and facial recognition may have an effect on the fingerprint sensor market. These technologies are still in their infancy, but they have the potential to become viable biometric sensor alternatives in the future.

Possible Alterations to Regulations

Stricter data protection regulations may affect the collection and storage of biometric data. Companies operating in this industry should remain current with these changes to ensure compliance.

Potential Disruptors and Competitive Environment

The biometric sensor market is susceptible to potential market disruptors that could have an effect on the competitive landscape. These potential disruptors should be considered by companies operating in this industry, and they should adapt accordingly.

Restraining Factors

Extremely Expensive Fingerprint Sensor Market Technology

The high cost of fingerprint sensor technology is one of the primary factors for its limited uptake. Fingerprint sensors are more expensive to implement and maintain than traditional authentication methods such as passwords and PINs, making them less accessible to low-income individuals and small businesses. This is largely due to the complexity of the biometric sensor technology and the requirement for high-quality materials. To make biometric authentication more accessible and affordable, manufacturers must invest in research and development to lower production costs.

Inaccuracy of Certain Fingerprint Sensors

Although biometric sensors are regarded as one of the most secure authentication methods, they are not flawless. Certain sensors have limited precision, resulting in false positives and negatives. False positives occur when the fingerprint sensor incorrectly identifies an unauthorised user as an authorised user, and false negatives occur when an authorised user is denied access. This inaccuracy is typically the result of dirty sensors, moist digits, or low-quality sensors, and it can lead to frustration and security concerns, as users may have to repeatedly attempt to access their devices. To address this issue, manufacturers must invest in the development of more precise biometric sensors that can identify users with greater ease and precision.

Concerns Regarding Fingerprint Data Security and Potential Misuse of Personal Information

People hesitate to use fingerprint sensors out of concern for the security of biometric data and the possible misuse of personally identifiable information. Once your biometric data has been registered on a device or app, it is susceptible to cyberattacks or hacking. It is possible for hackers to use biometric data to impersonate the user and gain unauthorised access to their personal information. Manufacturers must implement robust encryption measures and invest in software updates to perpetually enhance the security of fingerprint sensors in order to address these concerns.

Problems with Compatibility with Certain Devices and Operating Systems

Fingerprint sensors are created to function with specific devices and operating systems, which can cause compatibility issues for some users. A fingerprint sensor designed for an Android device may not work correctly on an iOS device. Additionally, operating system updates can occasionally hinder the functionality of biometric sensors. To avoid these issues, manufacturers must create fingerprint sensors that are compatible with multiple devices and operating systems, as well as regularly update their software to ensure compatibility with new operating systems.

By Type Analysis

Touch-based fingerprint sensors hold the lion's share of the fingerprint sensor market. Touch-based fingerprint sensors capture an image of the user's fingerprint using capacitive or ultrasonic technology, and are commonly found in smartphones and other mobile devices.

The trend towards convenience and contactless transactions is propelling the adoption of fingerprint sensors that are activated by touch. Without the need for passwords and PINs, fingerprint sensors offer consumers a more secure and expedient means of accessing online services and conducting transactions.

Due to its high accuracy, speed, and dependability, the touch-based segment is anticipated to have the highest growth rate. In many application areas, such as consumer electronics, banking, and government agencies, touch-based fingerprint sensors are more cost-effective and broadly available, making them the preferred option.

By Technology Analysis

The capacitive segment dominates the market for fingerprint sensors. The market for fingerprint sensors has experienced significant growth over the past few years, and this trend is anticipated to continue. The capacitive segment presently dominates the market for fingerprint sensors, holding the majority of market share.

Capacitive fingerprint sensors detect the variations in capacitance induced by the ridges and valleys that comprise a fingerprint. As a result of their high accuracy and dependability, many smartphone manufacturers, institutions, and government agencies prefer them.

A further factor contributing to the expansion of the capacitive market is the consumer trend towards convenience and safety. Consumers rely on their smartphones for everything from social media to banking, and they want to assure the security of their personal information. Without the need for passwords, PINs, or other authentication methods, capacitive fingerprint sensors offer a convenient and secure way to access these services.

By Application Analysis

The market for fingerprint sensors is dominated by the consumer electronics sector, which holds the majority of market share. The primary growth drivers of the fingerprint sensor market are consumer electronics products such as smartphones, tablets, and laptops.

Consumers' reliance on mobile devices to access online services and conduct transactions is growing. Therefore, they want their devices to be more secure, and fingerprint sensors make this simple. In addition, the increasing popularity of contactless payments and authentication is propelling the incorporation of fingerprint sensors in consumer electronics.

Due to the rising demand for smartphones and other mobile devices with biometric authentication, it is anticipated that the consumer electronics segment will record the highest growth rate. In addition, the use of fingerprint sensors in other applications, such as wearables, smart homes, and automobiles, will contribute to the expansion of the consumer electronics market.

Key Market Segments

By Type:

• Swipe Sensors
• Touch Sensors

By Technology:

• Optical
• Thermal
• Capacitive
• Others

By Application:

• Defense and Aviation
• Consumer Electronics Sector
• Government and Law Enforcement
• Banking and Finance
• Travel and Immigration
• Commercial
• Smart Homes
• Healthcare
• Others

Growth Opportunity

Demand for Biometric Authentication Systems Is Rising in Emerging Economies

Due to rising concerns about identity theft, fraud, and security vulnerabilities, the adoption of biometric authentication systems in emerging economies such as China, India, and Brazil has increased rapidly. Increased utilisation of fingerprint sensors for secure authentication and transaction verification.

Increase in Automotive Industry Adoption of Fingerprint Sensors

For advanced safety and security features such as vehicle access control, ignition control, driver identification, and larceny deterrence, the automotive industry has increasingly adopted fingerprint sensors. The integration of fingerprint sensors with vehicle electronics is anticipated to drive the growth of the fingerprint sensor market in the automotive industry, given the increasing emphasis on smart and connected vehicles.

Fingerprint Sensor Integration with Wearables and IoT Devices

The increasing demand for secure and seamless authentication and access control for applications such as health and fitness monitoring, home automation, and personal finance management has propelled the integration of fingerprint sensors with wearables and Internet of Things (IoT) devices.

Increasing Investments in Fingerprint Sensor Technology Research and Development

There has been a considerable increase in investments in fingerprint sensor technology research and development. Numerous businesses have been concentrating on the development of new fingerprint sensor technologies, such as ultrasonic and optical sensors, that provide greater accuracy, quicker response times, and enhanced resistance to spoofing attacks.

Latest Trends

Mobile devices with fingerprint sensors

Fingerprint sensors are extensively used in portable devices such as smartphones, laptops, and tablets because they provide a quick and secure way to access personal information. The adoption of fingerprint sensors in these devices has been spurred by the increasing demand for enhanced security features and technological innovations that provide more robust security solutions.

Sensors for fingerprints in access control systems

There has been an increase in the use of fingerprint sensors in access control systems because they offer a more secure and convenient alternative to conventional methods of access control. Fingerprint sensors have become a necessity for assuring the safety of a building, allowing for faster access to secure areas and the tracking of employee time.

Sensors for Fingerprints in Healthcare

In healthcare, fingerprint sensors are increasingly used for patient identification and medical record keeping. By accurately identifying patients, these biometric authentication solutions can ensure that they receive the proper care, particularly in large hospitals with thousands of patients.

Fingerprint Sensors Combined with Biometric Authentication Technologies

The market for fingerprint sensors has been driven by the integration of fingerprint sensors with other biometric authentication technologies, such as facial recognition. This integration provides users with a more robust security solution and is used to implement touchless access control, temperature detection, and proximity detection capabilities.

Market for Artificial Intelligence and Fingerprint Sensor Developments

Rapid growth has been observed in the use of Artificial Intelligence technology in fingerprint sensors. The evolution of AI technology has made possible intelligent features such as touchless access control, temperature detection, and proximity detection. In healthcare contexts, where contactless interactions are required for quick, secure, and accurate identification in order to gain access to medical records and restricted areas, AI advancements have been particularly significant.

Regional Analysis

In the digital world, fingerprint sensors have gained popularity, particularly in North America. This technology has been widely adopted in the consumer electronics and BFSI (Banking, Financial Services, and Insurance) industries, providing numerous advantages to users and organisations.

As a convenient and secure method for authenticating device access, fingerprint sensors have been widely implemented in smartphones. In recent years, the prevalence of fingerprint sensors in smartphones has increased substantially in North America. Almost all midrange and premium smartphones on the market today include fingerprint sensors.

Incorporating fingerprint sensors into laptops and other portable devices provides users with a practical means of securing their hardware. Moreover, the sensors enable secure access to digital services such as financial applications, email clients, and cloud storage platforms. Also increasing is the use of fingerprint sensors in the automotive industry. The sensor enables secure integration with other digital devices, thereby enhancing the overall driving experience.

Incorporating digital technologies to enhance customer service and operational efficiency, the BFSI industry has undergone a significant transformation over the past several years. In the BFSI industry, fingerprint sensors have been incorporated, providing secure access to accounts and transactions and enhancing the customer experience.

Key Regions and Countries

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

In recent years, fingerprint sensor technology has swiftly advanced, becoming one of the most prevalent biometric security solutions worldwide. It is utilised in numerous applications, including smartphones, laptops, tablets, and door locks. With the growing demand for secure data protection and identity verification, the market for fingerprint sensors is anticipated to expand significantly over the next few years.

The main players in the fingerprint sensor market are companies that have contributed significantly to the development and expansion of fingerprint sensor technology. Synaptics, Fingerprint Cards AB, Goodix Limited, IDEX Biometrics, Next Biometrics Group ASA, Egis Technology, and Idex Biometrics are the market leaders.

Synaptics, based in the United States, dominates the fingerprint sensor market with its innovative products. Synaptics designs and distributes an extensive selection of biometric solutions and fingerprint sensor processors for use in a variety of applications.

Fingerprint Cards AB is a Swedish corporation committed to offering secure and user-friendly biometric solutions. Smartphones, laptops, and other devices utilise the company's fingerprint sensor solutions.

Goodix Limited, a company based in China, offers innovative and comprehensive biometric solutions for smartphones, smart wearables, and other applications. The business has become a global leader in fingerprint sensors and biometric technology solutions.

Top Key Players in Fingerprint Sensor Market

• Apple Inc.
• Synaptics Incorporated
• Fingerprint Cards AB
• Shenzhen Goodix Technology Co. Ltd.
• IDEMIA France SAS
• Egis Technology Inc.
• NEXT Biometrics Group ASA,
• Anviz Global Corporation
• IDEX ASA
• Gemalto N.V.

Recent Development

In 2021, Qualcomm introduced new ultrasonic fingerprint sensors for smartphones with larger scan areas.

in 2022, Apple introduced a novel in-display fingerprint sensor in its iPhone 14 models. This event is hypothetical, as the iPhone 14 has not yet been officially announced.

This event began in 2019 and will continue through 2023, Biometric payment cards with fingerprint sensors are being rolled out by major banks worldwide - with many banks worldwide testing and implementing biometric payment cards with fingerprint sensors.

In 2017, Mastercard introduced a new payment card with an integrated fingerprint sensor for secure transactions.

Report Scope: