Fingerprint Sensor Market

Market Leadership - Fingerprint Sensor Market

The global fingerprint sensor market size is projected to grow from USD 3.5 billion in 2019 to USD 7.1 billion by 2024, at a CAGR of 15.3%. Major factors driving the growth of the fingerprint sensor industry include extensive use of fingerprint sensors in consumer devices for biometric authentication, high adoption of biometrics by the government bodies for enhanced security, and digitization in the time & attendance capturing.

Major players in the fingerprint sensor industry include Shenzhen Goodix Technology Co., Ltd. (China), Fingerprint Cards AB (Sweden), Synaptics Incorporated (US), Apple Inc. (US), Egis Technology Inc. (Taiwan), CrucialTec (South Korea), NEXT Biometrics Group ASA (Norway), Novatek Microelectronics Corp. (Taiwan), Q Technology (Group) Company Limited (China), Qualcomm Technologies, Inc. (US), IDEX Biometrics ASA (Norway), CMOS Sensor Inc. (US), ELAN Microelectronics Corporation (Taiwan), FocalTech (China), id3 Technologies (France), IDEX Biometrics (Norway), Japan Display Inc. (Japan), OXi Technology (China), Sonavation Inc. (US), Touch Biometrix (UK), and Vkansee (US).

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These players have adopted various growth strategies, such as product launches & developments, contracts, and collaborations, to expand their presence in the fingerprint sensor market further. Contracts and products launches have been the most dominating strategies adopted by key players from 2017 to 2019, which helped them strengthen their product portfolio and broaden their customer base.

Goodix ranked first in the fingerprint sensor market in 2018. The company is engaged in R&D of human-computer interaction technologies. Goodix offers different types of fingerprint sensors, such as invisible fingerprint sensors; sapphire-, glass-, and ceramic-covered fingerprint sensors; and in-display fingerprint sensors with a hard coating, as well as touch controllers for smartphones, tablets, smart home devices, and notebooks. The company is the first IC designer in the world to develop, patent, and commercialize the Live Finger Detection technology used in mobile devices. This technology seamlessly combines a capacitive fingerprint sensor and an optical sensor to detect fingerprints, blood flows, and infrared signals for authenticating the user’s identity and rejecting faked fingerprints.

  • In May 2019, Xiaomi’s (China) Redmi introduced its K20 series smartphones powered by Goodix’s optical IN-DISPLAY FINGERPRINT SENSOR.

Fingerprint Cards AB ranked second in the fingerprint sensor market in 2018. The company develops and markets biometric solutions for identification and authentication purposes. Products offered by the company are integrated into smartphones and tablets. The other segments for which the company provides biometric solutions include smart payment cards, automotive, and IoT for access and personalization. Fingerprint cards offer touch fingerprint sensors that find applications in smartphones and tablets; swipe fingerprint sensors that are integrated into portable devices such as laptops or notebooks; and area fingerprint sensors that are used in separate reading modules, which are connected to a computer. It also offers biometric modules, compact biometric fingerprint solutions with a robust FPC fingerprint sensor, biometric processor, and onboard template storage.

  • In June 2019, Feitian (China) launched a new Fido2 token called AllinPass K33, in which a sensor offered by Fingerprints is integrated for easy and secure login and authentication.  

Related Reports:

Fingerprint Sensor Market by Technology (Capacitive, Optical, Thermal, Ultrasonic), Type (Touch, Swipe), Application (Consumer Electronics, Banking & Finance, Government & Law Enforcement, Commercial, Smart Homes), and Region-Global Forecast to 2024

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Report Code
SE 3536
RI Published ON
9/26/2019
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