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3. Fingerprint Sensor Companies - Shenzhen Goodix Technology Co., Ltd. (China) and Fingerprints (Sweden) are the Key Players

The fingerprint sensor market 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. There is an extensive use of fingerprint sensors in consumer electronic devices for biometric authentication. Fingerprint sensors provide a convenient and secure method for device authentication. They eliminate the need for remembering complex passwords or PINs, streamlining access to smartphones, laptops, and tablets. They have become integral to security measures across multiple applications, from employee attendance to combating online and offline scams.

Major players in the fingerprint sensor market include 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), and Q Technology (China), among others. New product launches, collaborations, and acquisitions were the key strategies adopted by the players in the fingerprint sensor market ecosystem to enhance their product portfolios, increase their market share, and expand their presence in the fingerprint sensor market.

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Major Fingerprint Sensor companies include:

• 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)
• VKANSEE (US)

For instance, in September 2023, Shenzhen Goodix Technology Co., Ltd. (China) launched under-display fingerprint sensors which utilize ultrasonic technology and possess several inherent benefits compared to their optical counterparts. Primarily, they can unlock devices even when the screen is inactive, eliminating the requirement for excessively bright screens during nighttime unlocking. Furthermore, these sensors excel in operating underwater or when hands are wet, improving their functionality across diverse conditions.

Similarly, in January 2024,  Fingerprints (Sweden), also introduced FPC Smart´Nroll, a convenient and reusable enrollment tool for biometric payment cards. With Smart´Nroll, users can securely register their fingerprints on their payment card within minutes, offering worldwide accessibility and convenience.

Shenzhen Goodix Technology Co., Ltd. (China) is a provider of biometric authentication and human interface solutions. The company develops and distributes fingerprint identification chips, capacitive touch controller chips, and more sensors. The company offers semiconductor solutions for smart devices, IoT applications, and automotive electronics. The company’s product portfolio encompasses fingerprint sensors, touch controllers, stylus pens and automotive electronics. These products find applications in smart devices, IoT, automotive and industrial sectors. The company’s sensor offerings include fingerprint sensors, health sensors, light sensors, and ToF ranging sensors. The company offers ultrasonic, optical in-display and capacitive technology-based fingerprint sensor solutions. The company has more than 6,900 international and domestic patents in total as of 31st December 2022. The operations of Shenzhen Goodix Technology Co., Ltd are spread across Asia-Pacific, Europe, North America and other regions.

Fingerprints (Sweden) develops and markets biometric solutions for identification and authentication purposes. Most of the products manufactured by the company find applications in smartphones and tablets. The other segments for which the company offers biometric solutions include smart payment cards, automotive, and IoT for access and personalization.

The company offers 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 robust fingerprint cards (FPC) fingerprint sensors, biometric processors, and onboard template storage.

Related Reports:

Fingerprint Sensor Market Size, Share 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

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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