The Fingerprint Sensors Market size is estimated at USD 9.54 billion in 2024, and is expected to reach USD 16.78 billion by 2029, growing at a CAGR of 11.96% during the forecast period (2024-2029).
The fingerprint sensors market has expanded rapidly over the past few years and is projected to increase even further during the forecast period. Increased adoption of smartphones, increasing security applications, and government initiatives to adopt biometrics tend to be the key factors driving the demand for fingerprint sensors globally.
The fingerprint sensor market is fragmented, with individual international companies such as Qualcomm, Fingerprint Card AB, and Synaptics occupying a significant market share by deploying their solutions in various smartphones. Fingerprint sensor firms are unlocking new markets beyond smartphones, exploring the IoT field, and integrating fingerprint sensors into smart cards. They are constantly incorporating different technologies to enhance the end-user experiences.
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