Global Fingerprint Sensors Market is valued at USD 4071.7 Million in 2021 and is expected to reach USD 8294.8 Million by 2028 with a CAGR of 10.7% over the forecast period.
Fingerprint sensors are primarily integrated into the fingerprint detection module and are used for Security and accuracy. The main features of biometric fingerprint sensors mainly include accuracy, superior performance, and robustness based on unique fingerprint biometric technology. The fingerprint sensors are very secure and convenient tool. The working principle of the fingerprint sensor depends mainly on the process. The fingerprint process mainly consists of two components namely registration and matching. And, compared to other biometric authentication systems, they cost less. In 1892, Juan Vusetic, Argentina's chief police officer, invented the first method of recording a person's fingerprints on a file.
The Covid-19 has also impacted the growth of global fingerprint sensors market. The outbreak of Covid-19 has affected the consumer device industry and the automotive sector. The fingerprint sensors have applications in consumer device and automotive and other industries. All these industries have shown a decline in market growth which has also affected the demand for fingerprint sensors.
The global fingerprint sensors market is segmented into type, technology, end-user, and geography. Based on type, the fingerprint sensors market is segmented into area and touch sensors and swipe sensors. Based on technology, the fingerprint sensors market is segmented into optical, capacitive, thermal, and ultrasonic. Based on application, the fingerprint sensors market is segmented into smartphones/tablets, laptops, smartcards, IoT and other applications. Based on end-user, the fingerprint sensors market is segmented into consumer electronics, government and law enforcement, military, defense and aerospace, travel and immigration, banking and finance, healthcare, smart homes and others.
The major players in the Global Fingerprint Sensors market report covers are
The increasing adoption of fingerprint sensors in consumer electronics devices for biometric authentication is one of the major factors driving the market growth. Biometric identification systems have become an integral part of security measures for multiple applications such as maintaining employee attendance and etc. Therefore, biometric authentication has become the need of the hour and this technology has become an integral part of various consumer electronic devices such as; smartphones, tablets, PCs, notebooks, wearable devices, etc. Various biometric authentication techniques such as fingerprint sensing, facial recognition, and iris scanning are implemented to ensure safe and secure transactions. Due to its popularity and distinctive features such as the ability to capture each person's features such as mountains, valleys, and microscopes, fingerprint sensing technology is rapidly gaining acceptance in consumer devices such as smartphones and tablets. According to BrandEssence research, by the end of 2020, 46.45 percent of the world's population had a smartphone. While many people use more than one smartphone, the actual number of smartphone subscriptions is much higher. By 2021, smartphone users are using approximately 6.4 billion smartphone subscriptions.
In addition, the effective implementation of a biometric time and attendance system for calculating employee productivity and working hours is also supplementing the market growth. Demand for fingerprint sensors has increased in the industry due to the increasing adoption of biometric systems. Implementing a time and attendance registration system based on biometric technology has made it easier to track employees' time and attendance. Systems based on fingerprint technology are easy to use and install. These systems help management to track and analyze employee data. The biggest advantage of these systems is the ability to prevent employees from logging in for each other. Previously, time clocks, sign-in sheets, and ID card swipes were used to capture time and attendance, which were vulnerable to fraud, but the use of fingerprint sensors has greatly reduced fraud in the attendance system. The advent of technology has not only allowed fingerprint systems to capture data but can also be integrated into payroll and other software to calculate employee productivity, working hours, and salaries, among others.
Graphene-enabled biometric sensors and biometric sensors-based car driver monitoring systems are recent developments that are expected to provide a biometric sensor market opportunity. However, the high cost of R&D is expected to hinder the growth of the Fingerprint sensor market. In spite of that, growing advancements in this field may create more opportunities for the further growth of the market.
The fingerprint sensor market in the Asia-Pacific region is expected to grow significantly within the forecast period due to the increasing use of biometric devices in various organizations, an increase in wearable devices, and increasing security and safety issues in this region. The growing mobile transactions between countries like India and China are also expected to supplement the market growth in this region. , For example; China, has witnessed a high mobile volume of smartphone shipments. Fingerprint sensors are expected to drive the market in this area, with almost all recent smartphones incorporating capacitive or optical. In 2019, China’s smartphone shipments were valued at 369 million units, while the distribution channel began clearing 4G inventory in anticipation of 5G up tech in the new year. With the widespread rollout of 5G this year and more incentives from operators, 5G smartphones are expected to reach more than 150 million units by 2020. Various governments around the world are incorporating such biometrics. The Aadhaar UID of the Government of India is an example of this. Moreover, such initiatives are expected to increase the adoption of technology enabling fingerprint scanning in various authentication services across the country. North America is also making great strides in this market, and Europe is also making great strides in this market.
The regions covered in this global fingerprint sensors market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, market of global fingerprint sensors is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc.
On November 12th, 2021; HID Global released new plug-and-play fingerprint biometrics readers for law enforcement, while ERinfo has created a system for people to upload their medical history, which can be accessed through facial recognition. The HID Nomad 30 Pocket Reader is compatible with both Android and iOS devices and comes with a protective Universe case designed for the first responsive solution by OtterBox. The biometric sensors have a thin film transistor (TFT) sensor that enables capacitive sensing to allow its small form factor (3.7 inches x 1.7 inches x 0.3 inches or 95 mm x 45 mm x 8.5 mm) to capture fingerprints in direct sunlight.
On July 22nd, 2021; Thales claimed to be the ""world's first"" payment card, which includes onboard fingerprint sensors, improved security, and usability - and promises to end contactless payment limits. Thales Gemalto Biometric Sensor Payment Card (BSPC), the company explains, replaces the traditional PIN on-card fingerprint sensor and does not require any changes to existing point-of-sale (POS) payment terminals. Banks that sign up to use it must apply the procedure for registering users' fingerprints on the security component of the card.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 4071.7 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 8294.8 Million|
|Tables, Charts & Figures:||175|
|fingerprint sensors manufacturers||Thales, Idemia, Apple Inc, Synaptics Incorporated, Egis Technology Inc, 3m Cogent Inc, Crossmatch, Secugen Corporation, Hid Global Corporation, Precise Biometrics, and others.|
|Segments Covered||By Technology, By Type, By End-User Industries|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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