Global Fingerprint Sensor Market Report and Forecast 2024-2032

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Rising use of Consumer Electronics is Expected to Aid the Market Growth of Fingerprint Sensor

The onset of the coronavirus outbreak has led to a spike in online consumers as the global population stayed indoors to contain the virus. As a result, there is a rise in consumer electronics. With these devices come the requirement of authentication and the use of fingerprint sensors for security purposes and the safety of the content in these devices. This has boosted the fingerprint sensor industry. Further, as people now prefer contactless mode of payments to safeguard against COVID-19, the demand for fingerprint sensor is increasing. Emerging trends toward IoT based biometric technology and mounting adoption of in-display fingerprint sensors in smartphones are expected to create lucrative opportunities in the industry. In short, with digitalisation there is a boom in the market of fingerprint sensor.

Fingerprint Sensor: Market Segmentation

Fingerprint sensor basically is a sub-division of biometric authentication, which mainly caters to the security purposes for various domains and industries. Since everyone has a different ridge of fingers, a fingerprint is unique and durable over a person’s lifetime, due to which it plays a vital role in security of critical information.

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The industry is divided on the basis of types into:

• FAP 10
• FAP 20
• FAP 30

On the basis of end uses, the industry is segmented into:

• Banking and Finance
• Government and Law Enforcement
• Commercial 
• Others

The EMR report looks into the regional markets of fingerprint sensor like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing use of Fingerprint Sensor in Government Sector to Cater to the Industry Growth

With innovation and more user-friendly forms of the fingerprint sensor, the industry is further growing. There is growth in various end use sectors, which utilises different forms of fingerprint biometrics, consequently aiding the market growth. The sectors like government agencies, which are using fingerprint sensor, find it hassle-free and convenient with less paperwork and better results, thereby providing impetus to the market growth. Further, the widespread use of fingerprint sensor-based biometric systems by governments and law enforcement agencies for improving security is strengthening the market growth. Moreover, the growing adoption of biometric-based time and attendance systems in corporate and government organisations for measuring hours of service for workers and productivity, supports the market growth. With the government shifting towards biometric ID program, which will help to maintain privacy and safety of the citizens, the market for fingerprint sensor is expected to rise over the forecast period.

Key Industry Players in the Global Fingerprint Sensor Market

The report presents a detailed analysis of the following key players in the global fingerprint sensor market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Apple Inc.
• Egis Technology Inc.
• IDEMIA
• Synaptics Incorporated
• Thales Group
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report