What Factors Propelled The Growth Of The Fingerprint Sensor Market In The Past?
The fingerprint sensor market has seen considerable growth due to a variety of factors.
• The market size for fingerprint sensors has seen a significant surge in the previous years. It is forecasted to swell from $6.86 billion in 2024 to an estimated $8.07 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%.
The historical growth phase is primarily due to heightened security and authentication requirements, rising adoption of mobile devices, involvement of government and law enforcement, expanded use in the realm of financial services, and growing applications in healthcare.
What Is The Projected Growth And Market Size For The Fingerprint Sensor Sector?
The fingerprint sensor market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the fingerprint sensor market is projected to experience considerable growth, escalating to $15.35 billion by 2029 with a compound annual growth rate (CAGR) of 17.5%.
Factors fuelling the growth during this forecast period include increased e-commerce and online security, protection of healthcare data, application of biometrics in the automotive sector, regulatory compliance, and heightened border security and immigration. Key trends that will dominate the forecast period are in-display fingerprint sensors, ultrasonic fingerprint technologies, under-display cameras, and multimodal biometrics.
Which Factors Are Boosting Growth In The Fingerprint Sensor Market?
The growth of the fingerprint sensor market is predicted to surge due to the increasing acceptance of the Internet of Things. The Internet of Things is an integrated system of interconnected computing devices, mechanical and digital equipment, each with unique identities (UIDs), and the capability to transmit data without the need for human-to-human or human-to-computer interaction. The surge in the use of the Internet of Things (IoT) is propelled by several interconnected elements that boost efficiency, convenience and connectivity across numerous sectors. Fingerprint sensors have a significant role in advancing the adaptation of the Internet of Things (IoT) by strengthening security, improving the user experience and supporting seamless integration among interconnected devices. For example, a report issued by Ericsson, a telecommunications company based in Sweden, stated that worldwide IoT connections soared to 15.7 billion in 2023 and are predicted to rise by 16% to 38.8 billion connections by 2029. Hence, the rapid uptake of the Internet of Things is anticipated to intensify the expansion of the fingerprint sensor market.
What Key Areas Define The Segmentation Of The Global Fingerprint Sensor Market?
The fingerprint sensor market covered in this report is segmented –
1) By Type: Area And Touch Sensors, Swipe Sensors
2) By Technology: Capacitive, Optical, Thermal, Ultrasonic
3) By Sensor Technology: 2D, 3D
4) By Application: Consumer Electronics, Government And Law Enforcement, Military, Defense, And Aerospace, Travel And Immigration, Banking And Finance, Commercial, Healthcare, Smart Homes, Other Applications
Subsegments:
1) By Area and Touch Sensors: Capacitive Touch Sensors, Optical Area Sensors, Ultrasonic Sensors, Swipe Sensors
2) By Swipe Sensors: Capacitive Swipe Sensors, Optical Swipe Sensors
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How Are Emerging Trends Reshaping The Dynamics Of The Fingerprint Sensor Market?
The rise of technological innovation is a predominant trend in the fingerprint sensor market. Prominent firms involved in the fingerprint sensor industry are concentrating on creating novel technological resolutions to address consumer requirements and bolster their standing. For example, SecuGen Corporation, an optical fingerprint technology firm based in the US, introduced the Hamster Pro 30 fingerprint reader and U30 OEM sensor. SecuGen's latest contact fingerprint reader and sensor, which are used in FIPS 201 PIV and Mobile ID FAP 30 applications, have been accredited by the FBI.
Who Are the Key Players in the Fingerprint Sensor Market?
Major companies operating in the fingerprint sensor market include:
• Anviz Global
• Apple Inc.
• Egis Technology Inc.
• Fingerprint Cards AB
• Shenzhen Goodix Technology Co. Ltd.
• Idex Biometrics ASA
• Nippon Electric Company
• NEXT Biometrics Group ASA
• Qualcomm Technologies Inc.
• Synaptics Incorporated
• BIO-key International
• CrucialTec
• Hid Global Corporation
• M2SYS Technology
• Novatek Microelectronics
• Secugen Corporation
• Goodix Technology Inc.
• CMOS Sensor Inc.
• ELAN Microelectronics
• Focaltech
• Japan Display Inc.
• Sonavation Inc.
• Touch Biometrix
• Vkansee
• AuthenTrend
• BioEnable Technologies
• Crossmatch
• Dermalog Identification Systems GmbH
• HID Global Corporation
• Precise Biometrics AB
• Suprema Inc.
• ZKTeco Inc.
• BioScan Tek
• FacePhi Biometria S.A.
• Fujitsu Limited
• Innovatrics
• Nuance Communications Inc.
What Is The Most Dominant Region In The Fingerprint Sensor Market?
Asia-Pacific was the largest region in the fingerprint sensor market in 2024. The regions covered in the fingerprint sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
