Global Fingerprint Sensor Market Analysis 2024: Size Forecast and Growth Prospects

Market Size –
The fingerprint sensor market size has grown rapidly in recent years. It will grow from $5.89 billion in 2023 to $6.97 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to increased security and authentication needs, increased mobile device adoption, government and law enforcement, increased use in financial services, increased healthcare applications.

The fingerprint sensor market size is expected to see rapid growth in the next few years. It will grow to $13.38 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to growing e-commerce and online security, healthcare data protection, automotive biometrics, regulatory compliance, increasing border security and immigration. Major trends in the forecast period include in-display fingerprint sensors, ultrasonic fingerprint technology, under-display cameras, multimodal biometrics, multimodal biometrics.

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Scope Of Fingerprint Sensor Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Fingerprint Sensor Market Overview

Market Drivers –
The high adoption of biometrics by governments is significantly contributing to the growth of the fingerprint sensor market. In offices, fingerprint sensors are crucial for biometric identification and attendance monitoring. Governments across the world are now adopting fingerprint sensors into their use. For instance, according to the Biometric Update, a US-based online source that provides information about the global biometrics sector, in October 2021, police units in the UK adopted mobile fingerprint scanners to use on the streets. This will help the police to fetch the identity of the suspect within 60 seconds if the fingerprint matches the fingerprints that are already in police databases. The INK Biometrics mobile biometric solution will be used with crossmatch fingerprint sensor device. Therefore, the high adoption of biometrics by governments is expected to propel the growth of the fingerprint sensor market going forward.

 

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

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Regional Insights –
Asia-Pacific was the largest region in the fingerprint sensor market in 2023. The regions covered in the fingerprint sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Key Companies –
Major companies operating in the fingerprint sensor market include Cogent Systems Inc., 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, Gemalto NV, HID Global Corporation, Precise Biometrics AB, Suprema Inc., ZKTeco Inc., BioScan Tek, FacePhi Biometria S.A., Fujitsu Limited, Innovatrics, Nuance Communications Inc.

Table of Contents
1. Executive Summary
2. Fingerprint Sensor Market Report Structure
3. Fingerprint Sensor Market Trends And Strategies
4. Fingerprint Sensor Market – Macro Economic Scenario
5. Fingerprint Sensor Market Size And Growth
…..
27. Fingerprint Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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