What is the global market size of Fingerprint Sensor Market?

Fingerprint Sensor Market size was valued at USD 3.5 billion in 2021 and is poised to grow from USD 3.88 billion in 2022 to USD 9.85 billion by 2030, growing at a CAGR of 10.9% in the forecast period (2023-2030).

Fingerprint Sensor Market Size

SkyQuest Technology's Fingerprint sensor market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Fingerprint Sensor Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Fingerprint Sensor Market Insights

Fingerprint Sensor Market size was valued at USD 5.45 Billion in 2023 and is poised to grow from USD 6.19 Billion in 2024 to USD 17.03 Billion by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).

The fingerprint sensor market includes the widespread use of fingerprint sensors in consumer devices, the successful implementation of biometric systems for calculating employee productivity, and work hours, and the rising adoption of biometrics by government agencies for enhanced security are key factors driving the market growth. The development of biometric smartcards in BFSI applications, the trend of in-display fingerprint sensors in smartphones, along with the rise in the deployment of fingerprint sensors in IoT-based devices. As of November 2021, Fingerprint Cards AB established two subsidiaries to increase strategic and financial potential in key mobile, PC, payments, and access industries. Before initiating a program of strategic diversification into the PC, access control, and payments areas, Fingerprint provided biometric solutions for Android handsets. These expansions and diversification of technology into various domain is propelling the demand for fingerprint sensors and driving the market throughout the analysis period.

US Fingerprint Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.

Fingerprint Sensor Market Report Snapshots

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The Fingerprint Sensor market is relatively fragmented, with a high level of competition. Few large players, like Qualcomm, Fingerprint Cards AB, and Egis Technology Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Shenzhen Goodix Technology Co., Ltd. ', 'Fingerprint Cards AB ', 'Synaptics Incorporated ', 'Apple Inc. ', 'Qualcomm Technologies, Inc. ', 'IDEX Biometrics ASA ', 'Egis Technology Inc. ', 'NEXT Biometrics Group ASA ', 'FocalTech Systems Co., Ltd. ', 'CrucialTec ', 'Vkansee Technology Inc. ', 'Q Technology (Group) Company Limited ', 'Silead Inc. ', 'ELAN Microelectronics Corp. ', 'Microchip Technology Inc. ', 'MStar Semiconductor, Inc. ', 'Oxi Technology Ltd. ', 'Sonavation, Inc. ', 'Suprema Inc. ', 'Touch Biometrix Ltd. '

Growing use of biometric authentication technologies for employee attendance and preventing online and offline scams made it a must-have for smartphones, tablets, PCs, laptops, wearables, etc. Fingerprint, face detection, and iris scanning are integrated with devices to ensure security. Fingerprint sensing technology is being rapidly used in consumer devices like smartphones and tablets because of its popularity and unique qualities, such as the capacity to collect characteristics like ridges, valleys, and tiny points of every individual are some of the major factors propelling the market growth during the analysis period.

Ultrasonic sensors detect epidermal and dermal skin layers to capture details. These sensors can read moist and injured fingers. Technological advances will boost the ultrasonic fingerprint sensor industry.

In 2021, Asia Pacific held the largest global fingerprint sensor market share of more than 40 %. The growing use of biometric sensors in various companies, along with an increase in wearable devices, and rising security and safety concerns are anticipated to propel the fingerprint sensors market in the Asia Pacific region during the forecast period. Growing mobile transactions in countries like India and China are also anticipated to have a substantial impact on the mobile biometrics industry in the region. Smartphone shipments are at an all-time high in China. It is also anticipated to fuel the region's fingerprint sensor market, as nearly all modern smartphones use capacitive or optical fingerprint sensors which are expected to drive the market growth during the analysis period.

Fingerprint Sensor Market Size

Fingerprint Sensor Market Insights

Fingerprint Sensor Market Report Snapshots

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