Fingerprint Sensor Market Size, Share and Industry Growth Analysis by Technology (Capacitive, Optical, Thermal, Ultrasonic), Type (Area & Touch, Swipe), Sensor Technology, End-Use Application and Region - Global Forecast to 2029

Fingerprint Sensor Market Size, Share and Industry Growth Analysis by Technology (Capacitive, Optical, Thermal, Ultrasonic), Type (Area & Touch, Swipe), Sensor Technology, End-Use Application and Region - Global Forecast to 2029

The fingerprint sensor market is projected to grow from USD 4.2 billion in 2024 and is expected to reach USD 5.9 billion by 2029, growing at a CAGR of 7.0% from 2024 to 2029. With the growing preference for digital payments over traditional methods, consumers are increasingly relying on smartphones and other smart devices for seamless and secure transactions. Fingerprint sensors play a pivotal role in this landscape by offering convenient and reliable biometric authentication, enhancing the security of mobile payments and online transactions.

“The 3D segment in the fingerprint sensor market to witness highest growth rate during the forecast period.”

In all 3D imaging methods, scale information is inherently embedded in the acquired data. The latest advancement in fingerprint scanning technology involves ultrasonic sensors. These sensors utilize both an ultrasonic transmitter and receiver to capture detailed fingerprint information. When a finger is placed over the scanner, an ultrasonic pulse is emitted and directed against it. This pulse is partially absorbed and partially reflected to the sensor, depending on the unique features such as ridges and pores present in each fingerprint.

“Market for capacitive sensor in the fingerprint sensor market to hold the largest market share during the forecast period.”

Capacitive sensors employ a grid of micro-capacitor plates to capture fingerprints in two dimensions (2D). This technology relies on the conductive nature of the skin, creating capacitive coupling with the sensor's plates. The skin effectively serves as a third capacitor plate, with ridges in the outermost epidermal layer of fingers being closer to the sensor plates compared to valleys.

“The US to hold the largest market size in the North American region during the forecast period.”

The country has made considerable investments in setting up biometric security solutions at its borders and airports through its US Customs and Border Protection (CBP), a government agency to monitor the influx of immigrants and tourists in the US. In May 2022, US Customs and Border Protection (CBP) reported 239,426 encounters at America’s Southwest border by leveraging fingerprint scanners developed by Integrated Biometrics (US). This, in turn, is creating a conducive environment for the fingerprint sensor market growth in US.

By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%

By Designation: C-level Executives – 20%, Directors –30%, and Others – 50%

By Region: North America –40%, Europe – 20%, Asia Pacific– 30%, and RoW – 10%

The report profiles key players in the fingerprint sensor market with their respective market ranking analysis. Prominent players profiled in this report include Shenzhen Goodix Technology Co., Ltd. (China), Fingerprints (Sweden), Synaptics Incorporated (US), Apple Inc. (US), Egis Technology Inc (Taiwan). CrucialTec (South Korea), NEXT Biometrics (Norway), Novatek Microelectronics Corp. (Taiwan), Qualcomm Technologies, Inc. (US), Q Technology (China), Vicharak (India), Invixium (Canada), M2SYS Technology (US), Parallax Inc. (US), Mantra Softech India Pvt Ltd. (India), CMOS Sensor Inc. (US), ELAN Microelectronics Corp. (Taiwan), FocalTech Systems Co., Ltd. (China), ID3 Technologies (France), IDEX Biometrics (Norway), Japan Display Inc. (Japan), QXi Technology (China), Sonavation Inc. (US), Touch Biometrix (UK), VKANSEE (US) are among a few other key companies in the fingerprint sensor market.

Report Coverage

The report defines, describes, and forecasts the fingerprint sensor market based on technology, type, sensor technology, end-use application and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the fingerprint sensor market. It also analyzes competitive developments such as product launches, acquisitions, expansions, and actions carried out by the key players to grow in the market.

Reasons to Buy This Report

The report will help the market leaders/new entrants in the market with information on the closest approximations of the revenue for the overall fingerprint sensor market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, opportunities, and challenges.

The report will provide insights into the following pointers:

Analysis of key drivers (Extensive use of fingerprint sensors in consumer electronic devices for biometric authentication) restraints (Threats pertaining to biometrics database)

opportunities (Emergence of biometric smartcards in BFSI applications), and challenges (Sensor performance limitations) of the fingerprint sensor market.

Product development /Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the fingerprint sensor market.

Market Development: Comprehensive information about lucrative markets; the report analyses the fingerprint sensor market across various regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the fingerprint sensor market.

Competitive Assessment: In-depth assessment of market share, growth strategies, and services, offering of leading players like Shenzhen Goodix Technology Co., Ltd. (China), Fingerprints (Sweden), Synaptics Incorporated (US), Apple Inc. (US), Egis Technology Inc (Taiwan) among others in the fingerprint sensor market.