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The global fingerprint sensor market reached a value of US$ 3.7 Billion in 2020. A fingerprint sensor is a component of the biometric security system that scans an individual’s fingerprints, which are then used to authenticate their identity. It captures high contrast fingerprint images and converts them into digital code and stores as fingerprint minutiae. The fingerprint sensor is fast, reliable, convenient, cost-effective and can be seamlessly integrated into different devices. As a result, it finds application in the consumer electronics, government and law enforcement, aerospace, healthcare, defense and military, and banking, financial services and insurance (BFSI), travel and immigration sectors across the globe.
The increasing instances of security breaches in various industries are driving the sales of fingerprint sensors. These devices are employed to strengthen the authentication process and provide secure access control to numerous facilities and IT systems. Apart from this, these sensors are gaining widespread adoption in digitizing time and attendance systems in corporate and government organizations worldwide. Furthermore, due to the growing trend of automation, fingerprint sensors are extensively being integrated into smartphones, wearables and modern vehicles to launch engine operations and unlock phones, applications and door locks. Besides this, the leading market players are incorporating advanced technologies, such as artificial intelligence (AI), to increase the accuracy of the authentication process and provide a personalized user experience, which, in turn, is strengthening the market growth. However, the market is negatively impacted by the sudden outbreak of the coronavirus disease (COVID-19) and the consequent lockdowns declared by the governing agencies of different countries. The market is anticipated to revive once normalcy is regained. Looking forward, IMARC Group expects the global fingerprint sensor market to reach a value of US$ 8.50 Billion by 2026, exhibiting a CAGR of 14.64% during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fingerprint sensor market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, technology and application.
Breakup by Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being 3M Cogent Inc., Anviz Global Inc., Apple Inc., BIO-Key International Inc., Egis Technology Inc, Fingerprint Cards AB, IDEMIA (Advent International Corporation), Idex Biometrics ASA, M2SYS Technology, Next Biometrics Group ASA, NEC Corporation, Qualcomm Technologies Inc., Shenzhen Goodix Technology Co. Ltd., Sonavation Inc., Synaptics Incorporated and Vkansee Technology Inc.
The global fingerprint sensor market was valued at US$ 3.7 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to a rising shift from fingerprint sensors towards iris- or voice-based authentication devices to mitigate the risk of coronavirus infection via hands, thereby negatively impacting the overall market growth.
We expect the global fingerprint sensor market to exhibit a CAGR of 14.64% during 2021-2026.
The extensive integration of single sign-in system through fingerprint sensors into smartphones, wearables, modern vehicles, etc., is currently driving the global fingerprint sensor market.
Based on the type, the market has been bifurcated into area and touch sensors, and swipe sensors. Currently, area and touch sensors hold the majority of the total market share.
Based on the technology, the market has been segmented into capacitive, optical, thermal, and others. Among these, optical technology currently represents the largest segment.
On a regional level, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
The key companies in the global fingerprint sensor market are 3M Cogent Inc., Anviz Global Inc., Apple Inc., BIO-Key International Inc., Egis Technology Inc, Fingerprint Cards AB, IDEMIA (Advent International Corporation), Idex Biometrics ASA, M2SYS Technology, Next Biometrics Group ASA, NEC Corporation, Qualcomm Technologies Inc., Shenzhen Goodix Technology Co. Ltd., Sonavation Inc., Synaptics Incorporated, and Vkansee Technology Inc.
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