The fingerprint sensor market size is projected to grow from at a CAGR 14.29% rate during the forecast period. Factors such as extensive use of fingerprint sensors in consumer devices for biometric authentication, high adoption of biometrics by government bodies for enhanced security, and digitization in the time & attendance capturing are driving the industry.Optical fingerprint sensor technology likely to grow at the highest CAGR during the forecast period. In-display fingerprint sensors are in demand by numerous smartphone brands, which is expected to provide opportunities for the optical fingerprint sensor market growth. An optical in-display fingerprint sensor uses an optical fingerprint sensor to capture the fingerprint data and is embedded under the phone’s screen. Goodix, Fingerprints, Synaptics, CrucialTec, and Q Technology are among the companies that offer optical fingerprint sensors.
Touch sensors to account for the largest market share during the forecast period. These sensors are used mainly in consumer devices such as smartphones and tablets. They are becoming increasingly smaller, more cost-effective, and convenient for use. OEMs prefer touch sensors over swipe sensors, particularly in mobile devices that demand smaller sensors, to produce miniaturized products preferred by end-users in the market.
APAC expected to account the largest share of the fingerprint sensor market during the forecast period. Factors such as presence of leading smartphone OEMs such as Samsung, Oppo, Vivo, and Xiaomi in China; rising adoption of biometrics systems in retail and enterprises; need to reduce incidents of fraud and provide secure access to physical & logical assets in commercial applications; increased awareness of the benefits of using fingerprint sensing technology among the masses, and cost-effectiveness of these sensors drives the growth of market in APAC.
Key market players includes Shenzhen Goodix Technology Co., Ltd. (China), Fingerprint Cards AB (Sweden), Synaptics Incorporated (US), Apple Inc. (US), Egis Technology Inc. (Taiwan), CrucialTec (South Korea), NEXT Biometrics Group ASA (Norway), Novatek Microelectronics Corp. (Taiwan), Q Technology (Group) Company Limited (China), Qualcomm Technologies, Inc. (US), IDEX Biometrics ASA (Norway), CMOS Sensor Inc. (US), ELAN Microelectronics Corporation (Taiwan), FocalTech (China), id3 Technologies (France), IDEX Biometrics (Norway), Japan Display Inc. (Japan), OXi Technology (China), Sonavation Inc. (US), Touch Biometrix (UK), and Vkansee (US).
Key Questions Addressed by the Report
- Which are the leading applications in the fingerprint sensor market?
- Which technology would lead the market during the forecast period?
- What strategies are adopted by fingerprint sensor players to stay ahead in the market?
- What are the growth perspectives of this market in different regions?
- What are drivers, opportunities, restraints, and challenges that influence the growth of the market?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Market Dynamics
- Drivers
- Extensive Use of Fingerprint Sensors in Consumer Devices for Biometric Authentication
- High Adoption of Biometrics By Government for Enhanced Security
- Effective Implementation of Biometric Time and Attendance Systems for Calculating Employee Productivity, Work Hours, among others
- Challenges
- Threats Pertaining to Biometric Database
- Use of Facial Recognition Technology in Different Applications
- Opportunities
- Emergence of Biometric Smartcards in BFSI Applications
- Newest Trend of In-Display Fingerprint Sensors in Smartphones
- Rise in Adoption of Iot-Based Biometric Technology
- Executive Summary
- Fingerprint Sensors Market, By Technology
- Capacitive
- Optical
- Thermal
- Ultrasonic
- Fingerprint Sensors Market, By Type
- Area and touch sensors
- Swipe sensors
- Fingerprint Sensors Market, By End-Use
- Consumer electronics
- Smartphones
- Laptops/notebooks/personal computers
- Wearable devices
- USB flash drives
- Others
- Travel and immigration
- Government and law enforcement
- Banking and finance
- Commercial
- Smart homes
- Healthcare
- Military, defense, and aerospace
- Others
- Fingerprint Sensors Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- South Korea
- Rest of APAC
- Rest of the World
- South America
- Middle East and Africa
- Company Profiles
- Leading Companies in Fingerprint Sensors Market
- Goodix
- Fingerprints
- Synaptics
- Apple Inc.
- EGIS Technology
- Crucialtec
- Next Biometrics
- Novatek Microelectronics
- Q Technology
- Qualcomm
- Other Companies in Fingerprint Sensors Market
- *Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
