Fingerprint Sensor Market to 2031 - Trends, Size and Share

Analyst Perspective

With digitalization on the rise, the need for digital processes and pipelines for the verification and authentication of individuals is also increasing. The use of devices such as fingerprint scanners is directly connected to this transformation. Biometric data is being used for verification or authentication of individuals in almost all sectors, be it government or private. The major factors driving the demand for fingerprint sensors are the rapid deployment in enterprises for access control and also rising adoption by government agencies for national ID programs. However, biometric data is critical and can be misused. The risk of theft of such data is proving to be a restraining factor for the growth of the fingerprint sensor market.

Market Overview

The rise in the global population and rapid urbanization drives the consumer electronics and IT sectors. The expansion of the consumer electronics industry, coupled with the rising demand for smartphones, tablets, laptops, smartwatches, and access control systems, contributes significantly to the expansion of the biometric technologies market size and thus drives the demand for fingerprint scanners. The global market is set to complement the growth of this market. Governments across the globe are undertaking national ID programs to register the citizens of the country. This entails the collection of large amounts of citizen biometric data, mostly fingerprints. This is driving the growth of the fingerprint sensor market.

Market Driver

The increase in the use of fingerprint sensors in consumer electronic

The consumer electronics industry registers immense growth in developed and developing countries, primarily due to advancements and smart features offered by these devices. Currently, consumer devices are used for a plethora of tasks, ranging from banking to online shopping. Tablets and smartphones, among other mobile devices, have become an integral part of consumers' lives. All these devices are becoming smarter with ongoing advancements in artificial intelligence (AI) and the Internet of Things (IoT), and the integration of these technologies. In addition to all these factors, the biometric technologies market for consumer devices is continuously growing as manufacturers frequently come up with advanced technologies and features in biometric authentication, including fingerprints. Thus driving the fingerprint sensor market growth.

Market Scope

The "Global Fingerprint Sensor Market Analysis to 2031" is an in-depth and specialized study of the Fingerprint Sensor market focusing on the global market trend. The report aims to provide an overview of the global Fingerprint Sensor market with in-depth details of the market segmentation by technology, type, end-user industry, and geography. The global Fingerprint Sensor market anticipates to see significant growth during the forecast period. The report provides key statistics on the leading market players' market status and offers key trends and opportunities in the market.

Market Segmentation

The global fingerprint sensor market segmentation is based on technology, type, end-user industry, and geography. On the basis of technology, the market segmentation is based on optical sensors, thermal sensors, ultrasonic sensors, capacitive sensors, and pressure sensors. On the basis of type, the market segmentation is into swipe sensors, area sensors, and touch sensors. On the basis of the end-user industry, the market segmentation is into military and defense, consumer electronics, banking and finance, healthcare, commercial security, and government.

REGIONAL FRAMEWORK

 

The report provides a detailed overview of the industry, including qualitative and quantitative information. It gives an overview and forecast of the global market based on a number of segments. It also provides market size and forecast estimates from 2021 to 2031 regarding the five major regions, namely North and South America, Europe, Middle East and Africa (MEA), and Asia-Pacific (APAC). Countries and segments later segment the fingerprint sensors market by region. The market report covers the analysis and forecast of 18 countries from across the globe, along with the region's current trends and opportunities.

The report analyzes factors impacting the market from demand and supply. Further, it evaluates market dynamics impacting the market during the forecast period, i.e., opportunities, future trends, drivers, and restraints. The report also provides an extensive PEST analysis for the five regions, namely North and South America, Europe, MEA, and APAC, after evaluating political, economic, social, and technological factors impacting the fingerprint sensor market in the particular regions.

Fingerprint Sensor Market Report Analysis

MARKET PLAYERS

The report covers key developments in the fingerprint sensors market as inorganic and organic growth strategies. Many companies are centering on organic growth strategies like product launches, approvals, patents, and events. Inorganic growth strategies activities seen in the market were acquisitions and partnerships & collaborations. The activities have made way for business expansion and a customer base of market players. The market players from the fingerprint sensors market are predicted to witness significant growth opportunities in the future with the rising demand in the global fingerprint sensors market.

The report also includes the key companies' profiles with the SWOT analysis and market strategies in the fingerprint sensors market. Moreover, the report focuses on leading industry players with information on the profiles, components, and services offered, financial information of the companies for the previous 3 years, and the key developments in the past five years.

• Anivz Global Inc.
• BIO-Key International Inc.
• Egis Technology Inc.
• Thales Group
• Idex Biometrics ASA
• NEC Corporation
• Qualcomm Technologies Inc.
• Shenzhen Goodix Technology Co. Ltd.
• Vkansee Technology Inc.

Fingerprint Sensor Market Report Scope