Fingerprint sensors are based on biometric security technology, which utilize the combination of hardware and software for identification and authentication of individuals based on their fingerprints, for granting access to any system or any physical facility. It works by recording the fingerprint scans of authorized individuals and saving them in a database, and then the input on hardware scanner is matched with the entities saved in the database and allowing the access to the positive match.
Emergence of new applications such as the use of fingerprint sensor – enabled smart payment cards in banking and finance provide market growth opportunity. The emergence of biometric smartcards in BFSI applications, the newest trend of in-display fingerprint sensors in smartphones, the rise in the adoption of fingerprint sensors in IoT-based devices are likely to provide lucrative opportunities to the fingerprint sensor market players in the forecast period.
The global Fingerprint Sensor Market includes technology segment. The category is further divided into Capacitive, Optical, Thermal and Ultrasonic. Optical fingerprint sensor technology will grow with the highest growth rate during the forecast period. In-display fingerprint sensors are in demand because of increase in the sales of smartphones, which in turn will provide prospects for the optical fingerprint sensor market growth.
The application segment of Fingerprint Sensor Market includes Consumer Electronics, Travel & Immigration, Government & Law Enforcement, Banking & Finance, Commercial Securities, Smart homes, Healthcare, Military, Defence, & Aerospace. The consumer electronics application is likely to continue to account for the largest size of the market for fingerprint sensors in the forecast period due to the rise in demand for these sensors in devices such as smartphones, tablets, laptops, and notebooks. Consumer IoT devices are expected to provide opportunities for the market during the forecast period.
There are two types of fingerprint sensors: Swipe and Area and Touch. Touch sensors will account for the largest market share during the forecast period. The key factors behind this are that they are becoming increasingly smaller, more cost-effective, and convenient for use.
The global Fingerprint Sensor Market has intense competition among well developed and new emerging players. Through investing in alliances, mergers, and acquisitions and expanding their markets, these industry leaders seek to achieve a strategic edge over the other participants.
Geographically, the global Telecom Analytics market is categorized into North America, Europe, South America, Asia Pacific, and the Middle East & Africa. . Asia Pacific will account the largest share of the fingerprint sensor market during the forecast period. Factors responsible for this are presence of leading smartphone companies such as Oppo, Vivo, and Xiaomi in China, rise in adoption of biometrics systems in retail, need for security to reduce fraud and provide secure access to physical & digital properties, increased awareness of the benefits of using fingerprint sensing technology among the masses, and cost-effectiveness of these sensors
The major players of the Fingerprint Sensor Market are Shenzhen Goodix Technology Co., Ltd., Fingerprint Cards AB, Synaptics Incorporated, Apple Inc., Egis Technology Inc., CrucialTec, NEXT Biometrics Group ASA, Novatek Microelectronics Corp., Q Technology (Group) Company Limited, Qualcomm Technologies Inc. and others.
Segment Overview of Global Fingerprint Sensor Market
Technology Overview, 2018-2028 (USD Billion)
Type Overview, 2018-2028 (USD Billion)
- Area and Touch
Application Overview, 2018-2028 (USD Billion)
- Consumer Electronics
- Travel & Immigration
- Government & Law Enforcement
- Banking & Finance
- Commercial Securities
- Smart homes
- Military, Defence, & Aerospace
Regional Overview, 2018-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America