By the end of 2021, fingerprint sensors had generated US$3.4 billion in revenue. The market is anticipated to increase at a CAGR of 10.6% from 2022 to 2032, reaching US$ 10.2 billion.
The biometric security system’s fingerprint sensor reads a user’s fingerprints, which are subsequently used to confirm that user’s identification. High-contrast fingerprint images are converted into digital code by the device and saved as minute fingerprint details. The fingerprint sensor may be easily implemented into a variety of devices and is practical, quick, dependable, and fairly priced. It has uses in a variety of international businesses as a result, including banking, financial services, insurance, consumer electronics, government and law enforcement, healthcare, travel and immigration, and defence (BFSI).
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2017-2021 Fingerprint Sensors Demand Outlook Compared to 2022-2032 Forecast
For the anticipated period, the market for fingerprint sensors is anticipated to expand at a CAGR of 10.6%.
Globalization, urbanisation, and rising modernity all contribute to market value growth. The rise in cyber threats and concerns about security breaches, the development of technologies to improve the performance of fingerprint sensors, and the development of the e-commerce industry are further factors affecting the market’s growth.
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Businesses that sell fingerprint sensors are either those that offer a wide variety of electrical components or those that specialise in delivering security solutions, with fingerprint sensors being one of their main products.
- Vivo unveiled the IQOO 9 Pro smartphone, powered by the Snapdragon 8 Gen 1 engine and Qualcomm’s 3D Sonic Max ultrasonic fingerprint sensor, in January 2022. The IQOO 9 Pro’s Qualcomm 3D Sonic Max provides an incredibly quick one-tap fingerprint registration process.
- In September 2021, IDEMIA introduced IDEMIA STORM ABIS, a SaaS-based Automated Biometric Identification System (ABIS) that provides fingerprint comparison, analysis, and documentation that is easy to use, accessible, and economical. By providing comparison, analysis, and case management tools that enable fingerprint examiners to perform investigations effectively and efficiently from any location, IDEMIA STORM ABIS supports both local and national searches.
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Fingerprint Sensors by Category
By Sensor Technology:
- Optical Sensor
- Capacitive Sensor
- Thermal Sensor
- Ultrasonic Sensor
- Mobile Devices
- Laptops/ Notebooks/Tablets
- Consumer Electronics
- Wearable Electronics
- USB Flash Drives
- Travel and Immigration
- Government and Law Enforcement
- Military and Defense
- Banking and Finance
- Optical Prism
- Piezoelectric (PMUT)
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
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