Fingerprint Sensor Market Size, Share, Trends 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
[251 Pages Report] The global fingerprint sensor market size 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. Implementing biometric technology-based time and attendance registering systems has simplified tracking employees' time and attendance and is driving the market. Fingerprint technology-based systems are user-friendly and easy to install, aiding management in tracking and analyzing employee data. One of their main advantages is preventing employees from logging in for one another, a common issue with older methods like time clocks, sign-in sheets, and ID card swiping. Fingerprint sensors have significantly reduced attendance fraud.
The objective of the report is to define, describe, and forecast the fingerprint sensor market share based on technology, sensor technology, type, end-use application, and region.
Fingerprint Sensor Market Forecast to 2029
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Fingerprint Sensor Market Dynamics
Drivers: Rise in number of identity threats leading to emergence of fingerprint technologies
Identity theft refers to the illegal acquisition of an individual's personal or financial details to perpetrate fraud, including unauthorized transactions. It occurs through various methods and inflicts harm on victims' credit, finances, and reputation. Recently, there has been an increase in identity threats. According to the Aite Group, 33% of consumers between the ages of 25 to 34 years old experienced identity theft in 2022. On the other hand, according to the Consumer Sentinel Network, maintained by the Federal Trade Commission (FTC), there was a 23% decrease in identity theft in 2022 from 2021. In 2022, 1,108,609 reports were filed for identity theft, down from 1,434,693 in 2021.
Numerous identity theft protection services aid individuals in preventing and mitigating the repercussions of identity theft. These services offer guidance on safeguarding personal information, monitor public and private records such as credit reports for suspicious activity, and aid victims in resolving identity theft issues. Additionally, government agencies and nonprofit organizations offer similar assistance through websites equipped with tools and information to prevent, address, and report identity theft incidents. Similarly, financial institutions and government agencies utilize fingerprints and other biometric technologies to enhance identity verification and protect individuals from identity theft.
Restraint: Increased adoption of substitute technologies, such as face and iris scanning
The rise in substitute technologies such as facial and iris scanning challenges the dominance of fingerprint recognition, the most popular form of biometric security. While fingerprint recognition is well-established, other biometric parameters like iris/retina, voice, pulse, DNA, and vein offer enhanced security levels. Facial recognition and iris scanning are increasingly favored and may eventually replace fingerprint sensing. Facial recognition systems analyze facial features for identification, making them suitable for remote recognition. Similarly, iris scanning captures unique iris characteristics, which are encrypted for security. Iris scanning, particularly using infrared light, is recognized for its high security standards. For instance, JetBlue is exploring the use of facial recognition technology as an alternative to traditional boarding passes for authentication. Meanwhile, in sectors like banking and finance where security is of utmost importance, institutions such as Bank of America, HSBC, Chase, and Apple's FaceID are leveraging facial recognition technology to verify customers' identities, access mobile banking applications, and execute transactions securely.
Opportunity: Increased adoption of IoT-based biometric technology
The advent of IoT has revolutionized automation systems by connecting smart objects to the internet, facilitating seamless data exchange. However, the increasing number of connected devices heightens the risk of information loss or breaches. Biometrics offers a solution for ensuring secure connections within the IoT network, protecting against fraud and theft. Currently, passwords or PINs safeguard devices and transaction processes, but unsecured connections are vulnerable to malware attacks. Implementing biometric identification systems, such as fingerprint solutions, enhances device security.
Biometric security measures can be integrated at different points in the IoT data pathway, from device authentication using fingerprint sensors to individual identity verification via smartcards. These security measures ensure the smooth flow of data between points while safeguarding data integrity. Continuous technological advancements are expected to further enhance fingerprint technology, given its widespread deployment across various devices.
Challenge: Sensor performance limitations
Sensor performance limitations represent a significant hurdle in the fingerprint sensor industy size , impacting the broader adoption and effectiveness of this technology across various industries. It can be hampered by various factors, including environmental conditions and user physiology. For instance, dry, sweaty, or dirty fingers can impede the sensor's ability to capture a clear and accurate fingerprint image. This can lead to failed recognition attempts, frustration for users, and ultimately, a weakened security posture. Additionally, certain professions or activities can lead to damaged or worn fingerprints, further reducing sensor effectiveness.
Fingerprint Sensor Map/Ecosystem:
Fingerprint Sensor Market Segmentation
Market for area & touch sensor segment is expected to witness higher CAGR during the forecast period.
An area or touch sensor is a type of sensor that simply requires users to press their finger against a designated area, often situated beneath the Home button, as seen in devices like the iPhone. The differentiation between touch and area sensors lies not in technology but in their intended applications. Touch sensors activate upon physical contact with an object or individual and are more sensitive compared to traditional buttons or manual controls.
Market for consumer electronics segment in the end-use application is expected to witness fastest growth in the fingerprint sensor market during the forecast period.
The fingerprint sensor market share in consumer electronics is experiencing exponential growth, fueled by increasing demand for secure authentication solutions in smartphones, tablets, laptops, and wearable devices. These sensors are utilized for unlocking devices, authorizing payments, and securing personal data, enhancing user convenience and data security. As consumers become more conscious of privacy and security concerns, the adoption of fingerprint sensors is expected to surge further.
Optical segment in the technology of fingerprint sensor market is expected to hold the second largest market share by 2029.
Optical sensors function by utilizing light and converting it into electrical signals to create fingerprint images. These sensors employ optical lenses, such as charge-coupled devices (CCD) and complementary metal-oxide-semiconductor (CMOS), along with light-emitting diodes (LEDs) for illumination. Using a light-emitting phosphor layer, the technology captures fingerprints through total internal reflection by illuminating the surface. The resulting image is then captured and stored.
Fingerprint Sensor Market Regional Analysis
Fingerprint sensor market in the Asia Pacific is estimated to grow at the fastest rate and CAGR during the forecast period.
Asia Pacific accounted for the largest share of the overall fingerprint sensor market share in terms of value in 2023 and is also expected to witness highest growth during the forecast period. The region's large population is driving the market growth and the increasing demand for secure authentication solutions, causing the market to soar.Fuelled by the widespread adoption of smartphones and the booming digital payments industry in countries like India, China, and Japan, the fingerprint sensor market share is primed for unprecedented expansion. In December 2023, the Ministry of Finance, Government of India, announced that the total volume of digital payment transactions in India has surged from USD 252.5 million in 2017-18 to USD 1,643.4 million in 2022-23, registering a remarkable CAGR rate of 45%. The growing digital payment industry is expected to fuel the exponential expansion of the fingerprint sensor market in the region.
Fingerprint Sensor Market by Region
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Top Fingerprint Sensor Companies - Key Market Players:
Major vendors in the fingerprint sensor companies include
- Shenzhen Goodix Technology Co., Ltd. (China),
- Fingerprints (Sweden),
- Synaptics Incorporated (US),
- Apple Inc. (US)
- NEXT Biometrics (Norway),
- Novatek Microelectronics Corp. (Taiwan),
- Qualcomm Technologies, Inc. (US) among others.
Fingerprint Sensor Market Report Scope :
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Report Metric |
Details |
| Estimated Market Size | USD 4.2 billion in 2024 |
| Projected Market Size | USD 5.9 billion by 2029 |
| Growth Rate | CAGR of 7.0% |
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Market size available for years |
2020-2029 |
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Base year |
2023 |
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Forecast period |
2024-2029 |
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Forecast Units |
USD Million/USD Billion |
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Segments Covered |
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Geographic regions covered |
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Companies covered |
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), and VKANSEE (US). |
Fingerprint Sensor Market Highlights
This research report categorizes the fingerprint sensor market based on technology, sensor technology, Trends , type, end-use application and Region.
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Segment |
Subsegment |
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Fingerprint Sensor Market Size, By Technology |
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By Sensor Technology |
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Fingerprint Sensor Market Share , By Type |
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By End-Use Application |
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By Region: |
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Recent Developments in Fingerprint Sensor Industry :
- In March 2023, Shenzhen Goodix Technology Co., Ltd. (China) launched an ultra-narrow side key capacitive fingerprint sensor, integrated with an OLED touch controller and light sensor, power up the Lenovo Tab. This innovative combination enhances security and usability, ensuring a seamless user experience.
- In October 2023, Fingerprints (Sweden) partnered with Ansal Component (Turkey), a leading provider of component supply services. This collaboration streamlines the region's efforts in developing secure devices incorporating cutting-edge fingerprint sensors and software technologies.
- In May 2023, Synaptics Incorporated. (US) partnered with Boréas Technologies (Canada) and integrated its S9A0H NIST SP800-193 firmware qualified touch controller with Boréas Technologies piezo haptics technology. This collaboration yields a high-performance trackpad module offering OEMs force sensing and top-tier haptic feedback, facilitating thin and lightweight trackpads with consistent click sensations across the entire active surface.
Critical questions answered by this report:
What are the key strategies adopted by key companies in the fingerprint sensor market?
Product launches, acquisitions, and collaborations have been and continue to be some of the major strategies the key players adopt to grow in the fingerprint sensor market.
Which region dominates the fingerprint sensor market?
The Asia Pacific region is expected to dominate the fingerprint sensor market.
Which end-use application dominates the fingerprint sensor market?
The consumer electronics segment is expected to dominate the fingerprint sensor market.
Which sensor type dominates the fingerprint sensor market?
The area & touch sensor segment is expected to have the largest market size during the forecast period.
Who are the major companies in the fingerprint sensor market?
The major players in the fingerprint sensor include Shenzhen Goodix Technology Co., Ltd. (China), Fingerprints (Sweden), Synaptics Incorporated (US), Apple Inc. (US), and Egis Technology Inc (Taiwan) among others.
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The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the fingerprint sensor market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the fingerprint sensor market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the fingerprint sensor market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.
Secondary Research
In the secondary research process, various sources were used to identify and collect information important for this study. These include annual reports, press releases & investor presentations of companies, white papers, technology journals, certified publications, articles by recognized authors, directories, and databases.
Secondary research was mainly used to obtain key information about the industry's value chain, the total pool of market players, the classification of the industry according to industry trends to the bottom-most level, regional markets, and key developments from the market and technology-oriented perspectives.
Primary Research
Primary research was also conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the fingerprint sensor industry share . Extensive qualitative and quantitative analyses were performed on the complete industry engineering process to list key information and insights throughout the report.
Extensive primary research has been conducted after acquiring knowledge about the fingerprint sensor industry scenario through secondary research. Several primary interviews have been conducted with experts from both demand (end-use application, and region) and supply side (technology, sensor technology, type) across four major geographic regions: North America, Europe, Asia Pacific, and RoW. Approximately 80% and 20% of the primary interviews were conducted from the supply and demand side, respectively. These primary data have been collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the fingerprint sensor market and various other dependent submarkets. Key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire research methodology included the study of annual and financial reports of the top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative).
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Fingerprint Sensor Market: Bottom-Up Approach
Fingerprint Sensor Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size from the industry size estimation process, as explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using top-down and bottom-up approaches.
Market Definition
A fingerprint sensor is an electronic component used to capture a digital image of the fingerprint pattern of a person, i.e., the ridges and valleys (minutiae) found on the surface tips of a human finger to identify an individual. The captured image is called a live scan, and live scans are digitally processed to create a biometric template stored and used for matching the patterns. Since every person’s fingerprint is unique and different from any other in the world, it has become an ideal and popular identification method.
Key Stakeholders
- Smartphone OEMs, access control system providers, fingerprint scanner providers, IoT device manufacturers
- Sensor manufacturers
- Smartcard providers
- Integrated device manufacturers
- Research organizations and consulting companies
- Subcomponent manufacturers
- Technology providers
- Sensor chip traders and distributors
- Electronic hardware equipment manufacturers
- Research institutes and organizations
Report Objectives
- To define, describe, and forecast the fingerprint sensor market, in terms of value, by technology, sensor technology, type, end-use application, and region.
- To describe and forecast the fingerprint sensor market, by end-use application, in terms of volume.
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW).
- To explain the different materials used in fingerprint sensors, key standards for fingerprint sensors, and various products that use fingerprint sensors
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To offer an ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
- To give a detailed overview of the value chain of the fingerprint sensor market ecosystem
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To study competitive developments such as collaborations, partnerships, product developments, and acquisitions in the market
- To understand the impact of the recession on the fingerprint sensor industry
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Fingerprint Sensor Market
I would be very grateful if you could provide me more detailed information about technology of fingerprint sensors, technical parameters of sensors, prices of sensors, number of sales, main vendors and types of sensors, features of sensors, common problems of production and statistics on sensors' byers.
Currently, I am searching the finger print sensor tech and market trends. Can you provide us with the major market trends and opportunities for the fingerprint sensor market?
In India day by day touch sensing market increased. I want to know, how much future potential available in India.
We focus on NB and peripheral devices, which have fingerprint devices with the next 5-year attach rate trend.wanted to know which type sensor attach rate trend in next 5 years.
We are the leading providers of capacitive fingerprint sensors. I would like to understand the potential threats of these in the next 4-5 years. Also would like to understand the opportunities for this market.
We're seeking for market reports about biometrics, fingerprint sensors, and palm print sensors. The contents including security and government applications would be preferred.