The income from fingerprint sensors reached US$ 3.7 Billion by 2022. The market is predicted to reach US$ 10.2 billion by 2032, with a CAGR of 10.6% from 2022 to 2032. A fingerprint sensor extracts biological information from live scans of finger prints and compares them to existing biometric templates stored in a database. Fingerprint sensors are used to provide individuals with authentication and authorization.
Finger print sensors are most commonly used biometric authentication system for commercial securities. Fingerprints provide reliable, fast and easy access to personal contact details, payment information, mails, location data and other form of encrypted data to authenticated person. Fingerprint sensors are now increasingly used in consumer electronics like smartphones, tablets and laptops and are expected to drive future market.
The fingerprint sensors offer many advantages such as – wide acceptance, security, reliability and ease of access. Fingerprint sensors also facilitate easy record keeping and management to attendance portals.
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The fingerprint sensors are comparatively less costly as compared to other biometric authentication systems. They are easy to install and train people for using fingerprint sensors. On other hand, fingerprint sensors suffer from some technical problems related to false rejection and conditional physical disability.
Fingerprint Sensor Market Dynamics
The factors that drive the global fingerprint sensor market are – need for easy, simplified and secure user access to data & services and increasing demand for biometric identification and authorization along different areas. The high market growth of consumer devices like smartphone, tablets etc. demand use of fingerprint sensors to maintain privacy and security of data and access.
Internet based online and mobile commerce options has further enhanced the demand for fingerprint sensors globally. On the other side, factors such as lack of awareness about security essentials & constraints and complexity of integration of smartphone like devices with fingerprint sensors can restrain the growth of fingerprint sensor market.
There has been increase in demand for fingerprint sensors for security checks in government and corporate organizations. The global fingerprinting market is expected to show significant double-digit growth rate during the forecast period due to rapid implantation of fingerprinting based authentication system across different application areas especially by government.
Tremendous market opportunities are present in the development of less expensive fingerprint sensors for a wide range of applications. There is an increase in adoption of integrated fingerprint sensor based two-way authentication systems or multi-factor authentication systems that can provide highly accurate security and access for the application areas which belong to high-end security requirements. The global fingerprint sensor market is characterised by numerous application areas and low competition.
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Regional Analysis
North America is estimated to have the largest market share for the fingerprint sensors throughout the forecast period of 28.6%, while South Asia and the Pacific (SAP) are expected to have the fastest CAGR during the forecast period of 12.4%.
For security and identification purposes, North America has numerous producers and sellers of fingerprint sensors, and this technology is used across numerous domains and sectors in this region. There are improvements in reception technology and pattern recognition technologies.
Growing industrialization and implementation of electronic hardware in numerous domains in the SAP region is driving the growth of fingerprint scanners in SAP. Certain industries, like coaching and education, are some of the largest across the globe, which happens to be a strong user of the fingerprint biometrics market. This is also one of the fastest growing industries in SAP, allowing South Asia and the Pacific to be the fastest growing regions for the finger print sensors market.
Competitive Landscape
Companies which provide fingerprint sensors are either companies which have a wide range of offerings of electronic components, or are companies which specialize in providing security solutions and fingerprint sensors are one of their primary offerings.
- In January 2022, Vivo announced the IQOO 9 Pro smartphone with Qualcomm’s 3D Sonic Max ultrasonic fingerprint sensor, which has the Snapdragon 8 Gen 1 processor. The Qualcomm 3D Sonic Max in the IQOO 9 Pro enables a super-fast one-tap fingerprint registration process.
- In September 2021, IDEMIA launched IDEMIA STORM ABIS, which is SaaS-based and has an Automated Biometric Identification System (ABIS) that enables accessible, intuitive, and affordable fingerprint documentation, comparison, and analysis. IDEMIA STORM ABIS backs up local as well as national searches through comparison, analysis, and case management tools that enable fingerprint examiners to effectively and efficiently conduct investigations from anywhere.
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Fingerprint Sensors by Category
By Type:
- Touch
- Swipe
- Area
By Sensor Technology:
- Optical Sensor
- Capacitive Sensor
- Active
- Passive
- Thermal Sensor
- Ultrasonic Sensor
By Application:
- Mobile Devices
- Smartphones
- Laptops/ Notebooks/Tablets
- Consumer Electronics
- Wearable Electronics
- USB Flash Drives
- Others
- Travel and Immigration
- Government and Law Enforcement
- Military and Defense
- Banking and Finance
- Commercial
- Healthcare
- Residential
By Material:
- Optical Prism
- Piezoelectric (PMUT)
- Pyroelectric
- Adhesive
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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