Global Fingerprint Sensor Market
Electrical and Electronics

Fingerprint Sensor Industry Anticipated to Expand at 16.9% CAGR During the Forecast Period

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What Is The Predicted Market Size Trajectory For The Fingerprint Sensor Market From 2025 To 2034?

The sector encompassing fingerprint sensors has experienced swift expansion lately, projected to escalate its market valuation from $6.86 billion in 2024 to $7.95 billion in the subsequent year, achieving a compound annual growth rate of 15.8% over this timeframe; this upward trajectory during the past period was fueled by mounting demands for robust security and identity verification, the broader proliferation of portable electronic devices, utilization by governmental and legal entities, heightened incorporation within the financial sector, and burgeoning requirements across medical and health-related applications.

Anticipating substantial expansion, the market for fingerprint sensors is projected to achieve a valuation of $14.83 billion by the year 2029, reflecting a compound annual growth rate (CAGR) of 16.9% over the coming duration. This projected upswing stems from several augmenting factors, such as the rising need for e-commerce and digital security, heightened requirements for safeguarding sensitive healthcare information, the incorporation of biometric systems in the automotive sector, stricter regulatory adherence, and escalating demands related to border control and immigration processes. Key developments shaping this market during the forecast timeframe encompass the proliferation of sensors embedded within displays, advancements in ultrasonic sensing technology, the integration of under-display camera systems, and the broader adoption of multimodal biometric verification methods.

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Which Factors And Drivers Are Influencing The Fingerprint Sensor Market In 2025?

The expanding implementation of the Internet of Things is anticipated to fuel the expansion of the fingerprint sensor market. This interconnected technological ecosystem, comprising networked devices and machinery endowed with unique identifiers (UIDs), enables data transmission independent of direct human interaction or conventional computer interfaces. This escalating uptake of IoT stems from numerous intertwined elements that boost operational effectiveness, user ease, and connectivity across diverse industries. Fingerprint sensors contribute significantly to promoting IoT adoption by strengthening security measures, improving the overall user interaction, and enabling smooth interoperability among linked gadgets. As an illustration, Ericsson, a telecommunications firm headquartered in Sweden, reported in April 2024 that worldwide IoT connections totaled 15.7 billion throughout 2023, projecting a growth rate of 16 percent to reach 38.8 billion connections by the year 2029. Consequently, the growing prevalence of the Internet of Things is forecast to be a major impetus for the future growth trajectory of the fingerprint sensor market.

What Are The Primary Types Of Segments Analyzed In The Fingerprint Sensor Market?

The fingerprint sensor market covered in this report is segmented –

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

Subsegments:

1) By Area and Touch Sensors: Capacitive Touch Sensors, Optical Area Sensors, Ultrasonic Sensors, Swipe Sensors

2) By Swipe Sensors: Capacitive Swipe Sensors, Optical Swipe Sensors

What Are The Latest Industry Trends Transforming The Fingerprint Sensor Market?

A significant driver within the fingerprint sensor market stems from the increasing prevalence of technological innovation. Leading firms active in this industry are dedicating efforts toward creating novel technical approaches, primarily to satisfy what the market requires and subsequently bolster their standing. An illustration of this is SecuGen Corporation, an American firm specializing in optical fingerprint technology, which introduced both the Hamster Pro 30 fingerprint reader and the U30 OEM sensor. Notably, this recently released contact fingerprint reader and sensor from SecuGen have secured certification from the FBI, enabling their deployment in contexts such as FIPS 201 PIV and Mobile ID FAP 30 uses.

Who Are The Major Companies Operating In The Fingerprint Sensor Market?

Major companies operating in the fingerprint sensor market include Anviz Global, Apple Inc., Egis Technology Inc., Fingerprint Cards AB, Shenzhen Goodix Technology Co. Ltd., Idex Biometrics ASA, Nippon Electric Company, NEXT Biometrics Group ASA, Qualcomm Technologies Inc., Synaptics Incorporated, BIO-key International, CrucialTec, Hid Global Corporation, M2SYS Technology, Novatek Microelectronics, Secugen Corporation, Goodix Technology Inc., CMOS Sensor Inc., ELAN Microelectronics, Focaltech, Japan Display Inc., Sonavation Inc., Touch Biometrix, Vkansee, AuthenTrend, BioEnable Technologies, Crossmatch, Dermalog Identification Systems GmbH, HID Global Corporation, Precise Biometrics AB, Suprema Inc., ZKTeco Inc., BioScan Tek, FacePhi Biometria S.A., Fujitsu Limited, Innovatrics, Nuance Communications Inc.

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Which Region Currently Holds The Largest Share Of The Fingerprint Sensor Market?

Asia-Pacific was the largest region in the fingerprint sensor market in 2024. The regions covered in the fingerprint sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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