Fingerprint Sensor Market by Technology (Optical Sensors, Thermal Sensors, Ultrasonic Sensor, Capacitive Sensors, and Pressure Sensors), Type (Swipe Sensors, Area Sensors, and Touch Sensors), End-User Industry (Military and Defense, Consumer Electronics, Banking and Finance, Healthcare, Commercial Security, and Government): Global Market Size Estimates and Forecast (2022-2030)
The fingerprint sensor market is expected to cross US$ 3.50 billion in 2022 and is projected to hit US$ 11 billion by 2030, recording a CAGR of 15% during the forecast period.
The Fingerprint Sensor Market has been Significantly Growing due to the Growing Concern in Industries Regarding the Identity and Authentication of an Individual.
Rising concerns regarding security breaches in industries and personal devices such as mobile phones and tablets are fuelling the growth of fingerprint sensors. Also, implementing biometric systems for attendance calculation in offices is raising the demand for fingerprint sensors in the market. Moreover, the adoption of fingerprint sensor consumer electronic devices for biometric authentication is fueling the growth of the fingerprint sensor market.
Based on technology, the ultrasonic sensor segment is expected to pace up in the future. As the ultrasonic sensors can help read the epidermal and dermal skin layers, thus is capable of capturing fine details. It can also read wet fingers and fingers with ruptured skin or damaged skin. Further, other subsegment technologies such as capacitive, optical, and thermal are also expected to gain traction during the forecasted year.
Within the report, the fingerprint sensor market is segmented into technology, type, end-user industry, and geography. By technology, the fingerprint sensor market is further segmented into optical sensors, thermal sensors, ultrasonic sensor, capacitive sensors, and pressure sensors. Based on type, the fingerprint sensor market is bifurcated into swipe sensors, area sensors, and touch sensors. By end-user industry, the fingerprint sensor market is categorized into military and defense, consumer electronics, banking and finance, healthcare, commercial security, and government. Geographically, the fingerprint sensor market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Growing Demand for Biometric Smartcards in BFSI Applications will propel the Fingerprint Sensor Market Growth.
The fingerprint sensor is a sensor that is used in a fingerprint detection device. The fingerprint recognition system has various features, including faster speed, lower costs, and more consistent than other types of biometric devices. Fingerprint scanners are used to identify and authenticate an individual's fingerprints to grant or deny access to a computer system or a physical facility. It is used in smartphones and other wearables, and it is also used in the smart industry and smart home applications for entry identification and data security.
Growing Adoption of Fingerprint Sensors in Consumer Electronic Devices is one of the Major Factors Accelerating Market Growth.
The end-user industries for fingerprint sensors are the military and defense, consumer electronics, banking and finance, healthcare, commercial security, and government. Within these industries, the demand for fingerprint sensors in consumer electronics is rising due to their use in consumer devices such as smartphones, tablets, laptops, and others. The banking and finance industry is also expected to grow due to the adoption of fingerprint sensors in smartcards which are used for payments. Other industries, such as military and defense, healthcare, commercial security, and government are also fueling the fingerprint sensor market growth.
Recent Strategic Developments in the Fingerprint Sensor Market
The fingerprint sensor market has undergone several significant developments, and a few of these have been mentioned below:
- In August 2022, vivo announced the launch of a new foldable smartphone. The new Vivo X Fold features a dual-screen, in-display 3D ultrasonic fingerprint scanner.
- In January 2021, Qualcomm Technologies, Inc. announced the launch of 3D Sonic Sensor Gen 2. It is 50% faster and 77% larger than 3D Sonic Sensor Gen 1. It provides a larger region for the finger to capture 1.7x more biometric data.
The fingerprint sensor market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Vaporsens, ISENSE, LLC, Stratio, Inc., Vkansee Technology, Flexenable, Egis Technology Inc., Bio Recognition Systems, AuthenTec, NEC Corporation, Touch Biometrix, and Hewlett Packard Enterprise Development LP are among the prominent players operating in the fingerprint sensor market.
Target audience for the report:
- Fingerprint sensor raw material and component providers
- Fingerprint sensor providers
- Sensors and biometric related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Fingerprint sensor distributors and sales firms
- Target end users of fingerprint sensors
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the fingerprint sensors market has been segmented on the basis of:
- Capacitive Sensors
- Optical Sensors
- Thermal Sensors
- Ultrasonic Sensors
- Pressure Sensors
- Swipe Sensors
- Area Sensors
- Touch Sensors
- End-User Industry:
- Military and Defense
- Consumer Electronics
- Banking and Finance
- Commercial Security
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- ISENSE, LLC
- Stratio, Inc.
- Vkansee Technology
- ISENSE, LLC
- Stratio, Inc.
- Vkansee Technology