The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Fingerprint Sensor Global Market Report 2024 offers crucial insights into the fingerprint sensor market help businesses analyse and build stronger strategies.

The fingerprint sensor market has witnessed rapid growth, surging from $5.89 billion in 2023 to an estimated $6.97 billion in 2024, with an impressive compound annual growth rate (CAGR) of 18.4%. This upward trajectory is attributed to various factors, including increased security and authentication needs, widespread adoption of mobile devices, governmental and law enforcement applications, expanded use in financial services, and the integration of fingerprint sensors in healthcare applications.

Current Market Dynamics:

Government Adoption Drives Growth
The high adoption of biometrics by governments globally is a significant driver of the fingerprint sensor market. Fingerprint sensors are increasingly essential for biometric identification and attendance monitoring in governmental offices. For instance, police units in the UK have adopted mobile fingerprint scanners for street use, allowing officers to quickly identify suspects. This integration of biometric technology into law enforcement is expected to fuel the growth of the fingerprint sensor market.

• Biometrics adoption by governments contributes to market growth
• Fingerprint sensors crucial for biometric identification and attendance monitoring
• Integration of mobile fingerprint scanners in UK police units
• Accelerating identification processes and aiding law enforcement

Key Players in the Market
Major companies playing a pivotal role in the fingerprint sensor market include Cogent Systems Inc., Anviz Global, Apple Inc., Egis Technology Inc., and Fingerprint Cards AB. These industry leaders are at the forefront of innovation, contributing to the development and widespread adoption of fingerprint sensor technology.

• Cogent Systems Inc.
• Anviz Global
• Apple Inc.
• Egis Technology Inc.
• Fingerprint Cards AB

Future Growth:

Anticipating Robust Momentum
The fingerprint sensor market is set for robust growth in the coming years, with projections indicating an increase to $13.38 billion by 2028, boasting a CAGR of 17.7%. The expected growth is fueled by emerging trends and factors such as the growing significance of e-commerce and online security, healthcare data protection, automotive biometrics, regulatory compliance, and increased focus on border security and immigration.

• Projections foresee market growth to $13.38 billion by 2028
• Factors contributing to growth include the rise of e-commerce and online security
• Growing importance of healthcare data protection and automotive biometrics
• Increased focus on regulatory compliance and border security

Major Trends Shaping the Future
Trends that will shape the fingerprint sensor market in the forecast period include the adoption of in-display fingerprint sensors, ultrasonic fingerprint technology, under-display cameras, and the integration of multimodal biometrics.

• Adoption of in-display fingerprint sensors
• Advancements in ultrasonic fingerprint technology
• Integration of under-display cameras
• Emphasis on multimodal biometrics for enhanced security

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Innovations and Strategic Moves:

Technological Advancements Propel Market Growth
Technological advancements are a key trend gaining momentum in the fingerprint sensor market. Major companies in the sector are focused on developing innovative solutions to meet consumer demand and strengthen their market position. For instance, SecuGen Corporation, a US-based optical fingerprint technology company, introduced advanced fingerprint reader Hamster Pro 30 and OEM sensor U30, both FBI-certified for various applications.

• Emphasis on developing new technological solutions
• Launch of FBI-certified fingerprint reader Hamster Pro 30 and OEM sensor U30 by SecuGen Corporation
• Advanced solutions meeting diverse consumer demands

Strategic Acquisition: ASSA ABLOY and Control iD
In September 2022, ASSA ABLOY, a Sweden-based provider of secure doorways, acquired Control iD, a Brazil-based developer of hardware and software solutions for access control and fingerprint sensors, for an undisclosed amount. This strategic move enhances ASSA ABLOY’s capabilities by integrating biometric technologies, especially facial recognition, into its portfolio.

• ASSA ABLOY’s acquisition of Control iD for undisclosed amount
• Integration of biometric technologies, including facial recognition
• Strengthening capabilities in access control and fingerprint sensor technology

Market Segmentation: A Comprehensive Breakdown
The fingerprint sensor market is segmented based on various parameters:

1. By Type:
   • Area And Touch Sensors
   • Swipe Sensors
2. By Technology:
   • Capacitive
   • Optical
   • Thermal
   • Ultrasonic
3. By Sensor Technology:
   • 2D
   • 3D
4. By Application:
   • Consumer Electronics
   • Government And Law Enforcement
   • Military, Defense, And Aerospace
   • Travel And Immigration
   • Banking And Finance
   • Commercial
   • Healthcare
   • Smart Homes
   • Other Applications

Regional Insights:

Asia-Pacific Leads the Market
In 2023, Asia-Pacific emerged as the largest region in the fingerprint sensor market. The region’s dominance is attributed to factors such as increased mobile device adoption, governmental initiatives, and widespread use in various applications across industries.

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The Fingerprint Sensor Global Market Report 2024  provides a comprehensive outlook of the fingerprint sensor market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fingerprint sensor market forecast offers a thorough analysis on fingerprint sensor market size, fingerprint sensor market share, prominent players and their strategies.

The Table Of Content For The Fingerprint Sensor Market Include:
1. Fingerprint Sensor Market Executive Summary
2. Fingerprint Sensor Market Segments
3. Fingerprint Sensor Market Size And Fingerprint Sensor Market Growth Rate
4. Key Fingerprint Sensor Market Trends
5. Major Fingerprint Sensor Market Drivers
……
25. Key Mergers And Acquisitions In The Fingerprint Sensor Market
26. Top Fingerprint Sensor Companies
27. Fingerprint Sensor Market Opportunities And Strategies
28. Fingerprint Sensor Market, Conclusions And Recommendations
29. Appendix

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