The global fingerprint sensor market is anticipated to grow at a significant CAGR of 12.8 % during the forecast period (2021-2027). Fingerprint sensors refer to a key biometric technology that has been gaining widespread popularity in security areas. Fingerprint sensors are used in fingerprint detection devices such as biometric fingerprint scanners. These devices are mainly inbuilt in fingerprint detection modules and are used for safety and authenticity. The main features of a biometric fingerprint scanner mainly include accuracy, better performance, and robustness based on exclusive fingerprint biometric technology. The fingerprint scanner is an extremely safe, quick & suitable device. Furthermore, the global adoption of smartphones and other wearables is likely to boost the demand for fingerprint sensors during the forecast period. For instance, in May 2019, OnePlus 7 Pro smartphone had optimized the performance of the in-display fingerprint technology by achieving impressive unlock speeds of 0.2 seconds.
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Fingerprint sensor recognition is the most well-known type of biometric security. However, biological parameters such as iris/retina, voice, pulse, DNA, and vein, provide an advanced level of security. Therefore facial recognition and iris scanning ae gaining popularity in the recent years are likely to restrain the fingerprint market. Additionally, the semiconductor shortage in Taiwan and China will also hinder the market growth of the fingerprint sensors.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Fingerprint Sensor Market Report Segment
By Material
- Piezoelectric Materials (Quartz)
- Pyroelectric Materials (Lithium Tantalate)
- Others
By Technology
- Capacitive
- Optical
- Thermal
- Ultrasonic
By End User
- Banking & finance
- Government and law enforcement
- Travel and Immigration
- Consumer electronics
- Others
Global Fingerprint Sensor Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fingerprint sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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