Fingerprint Sensor Market Developments by 2031
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.
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MARKET PLAYERS
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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.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Table of Contents
1. INTRODUCTION
1.1. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. FINGERPRINT SENSOR MARKET LANDSCAPE
3.1. OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Fingerprint sensor Market - By Technology
3.2.2. Fingerprint sensor Market - By Type
3.2.3. Fingerprint sensor Market - By End-User Industry
3.2.4. Fingerprint sensor Market - By Region
3.2.4.1. By Countries
3.2.5. PEST Analysis
3.2.5.1. North America - PEST Analysis
3.2.5.2. Europe - PEST Analysis
3.2.5.3. Asia Pacific (APAC) - PEST Analysis
3.2.5.4. Middle East & Africa (MEA) - PEST Analysis
3.2.5.5. South America (SAM)- PEST Analysis
4. FINGERPRINT SENSOR MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5. FINGERPRINT SENSOR MARKET - GLOBAL MARKET ANALYSIS
5.1. FINGERPRINT SENSOR - GLOBAL MARKET OVERVIEW
5.2. FINGERPRINT SENSOR - GLOBAL MARKET AND FORECAST TO 2025
6. FINGERPRINT SENSOR MARKET REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
6.1. OVERVIEW
6.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
6.3. OPTICAL SENSORS MARKET
6.3.1. Overview
6.3.2. Optical Sensors Market Forecasts and Analysis
6.4. THERMAL SENSORS MARKET
6.4.1. Overview
6.4.2. Thermal Sensors Market Forecasts and Analysis
6.5. ULTRASONIC SENSOR MARKET
6.5.1. Overview
6.5.2. Ultrasonic Sensor Market Forecasts and Analysis
6.6. CAPACITIVE SENSORS MARKET
6.6.1. Overview
6.6.2. Capacitive Sensors Market Forecasts and Analysis
6.7. PRESSURE SENSORS MARKET
6.7.1. Overview
6.7.2. Pressure Sensors Market Forecasts and Analysis
7. FINGERPRINT SENSOR MARKET REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SWIPE SENSORS MARKET
7.3.1. Overview
7.3.2. Swipe Sensors market forecast and analysis
7.4. AREA SENSORS MARKET
7.4.1. Overview
7.4.2. Area Sensors market forecast and analysis
7.5. TOUCH SENSORS MARKET
7.5.1. Overview
7.5.2. Touch sensors market forecast and analysis
8. FINGERPRINT SENSOR MARKET REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. MILITARY AND DEFENSE MARKET
8.3.1. Overview
8.3.2. Military and Defense market forecast and analysis
8.4. CONSUMER ELECTRONICS
8.4.1. Overview
8.4.2. Consumer Electronics market forecast and analysis
8.5. HEALTHCARE
8.5.1. Overview
8.5.2. Healthcare market forecast and analysis
8.6. BFSI
8.6.1. Overview
8.6.2. BFSI market forecast and analysis
8.7. HEALTHCARE
8.7.1. Overview
8.7.2. Healthcare market forecast and analysis
8.8. COMMERCIAL SECURITY
8.8.1. Overview
8.8.2. Commercial Security market forecast and analysis
8.9. GOVERNMENT
8.9.1. Overview
8.9.2. Government market forecast and analysis
8.10. OTHERS
8.10.1. Overview
8.10.2. Others market forecast and analysis
9. FINGERPRINT SENSOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1. North America Fingerprint sensor Market Overview
9.1.2. North America Fingerprint sensor Market Forecasts and Analysis
9.1.3. North America Market Forecasts and Analysis - By Countries
9.1.3.1. US market
9.1.3.2. Canada market
9.1.3.3. Mexico market
9.1.4. North America Market Forecasts and Analysis - By Technology
9.1.5. North America Market Forecasts and Analysis - By Type
9.1.6. North America Market Forecasts and Analysis - By End-User Industry
9.2. EUROPE
9.2.1. Europe Fingerprint sensor Market Overview
9.2.2. Europe Fingerprint sensor Market Forecasts and Analysis
9.2.3. Europe Market Forecasts and Analysis - By Countries
9.2.3.1. France market
9.2.3.2. Germany market
9.2.3.3. Italy market
9.2.3.4. Spain market
9.2.3.5. UK market
9.2.4. Europe Market Forecasts and Analysis - By Technology
9.2.5. Europe Market Forecasts and Analysis - By Type
9.2.6. Europe Market Forecasts and Analysis - By End-User Industry
9.3. ASIA PACIFIC (APAC)
9.3.1. Asia Pacific Fingerprint sensor Market Overview
9.3.2. Asia Pacific Fingerprint sensor Market Forecasts and Analysis
9.3.3. Asia Pacific Market Forecasts and Analysis - By Countries
9.3.3.1. Australia market
9.3.3.2. China market
9.3.3.3. India market
9.3.3.4. Japan market
9.3.4. Asia Pacific Market Forecasts and Analysis - By Technology
9.3.5. Asia Pacific Market Forecasts and Analysis - By Type
9.3.6. Asia Pacific Market Forecasts and Analysis - By End-User Industry
9.4. MIDDLE EAST AND AFRICA (MEA)
9.4.1. Middle East and Africa Fingerprint sensor Market Overview
9.4.2. Middle East and Africa Fingerprint sensor Market Forecasts and Analysis
9.4.3. Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.3.1. South Africa market
9.4.3.2. Saudi Arabia market
9.4.3.3. UAE market
9.4.4. Middle East and Africa Market Forecasts and Analysis - By Technology
9.4.5. Middle East and Africa Market Forecasts and Analysis - By Type
9.4.6. Middle East and Africa Market Forecasts and Analysis - By End-User Industry
9.5. SOUTH AMERICA (SAM)
9.5.1. South America Fingerprint sensor Market Overview
9.5.2. South America Fingerprint sensor Market Forecasts and Analysis
9.5.3. South America Market Forecasts and Analysis - By Countries
9.5.3.1. Brazil market
9.5.4. South America Market Forecasts and Analysis - By Technology
9.5.5. South America Market Forecasts and Analysis - By Type
9.5.6. South America Market Forecasts and Analysis - By End-User Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS & ACQUISITIONS
10.2. MARKET INITIATIVES
10.3. NEW DEVELOPMENTS
10.4. INVESTMENT SCENARIOS
11. COMPETITIVE LANDSCAPE
11.1. COMPETITIVE COMPONENT MAPPING
11.2. MARKET POSITIONING/ MARKET SHARE
12. FINGERPRINT SENSOR MARKET, KEY COMPANY PROFILES
12.1. VAPORSENS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Financial Overview
12.1.4. SWOT Analysis
12.1.5. Key Developments
12.2. ISENSE, LLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Financial Overview
12.2.4. SWOT Analysis
12.2.5. Key Developments
12.3. STRATIO, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Financial Overview
12.3.4. SWOT Analysis
12.3.5. Key Developments
12.4. VKANSEE TECHNOLOGY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Financial Overview
12.4.4. SWOT Analysis
12.4.5. Key Developments
12.5. FLEXENABLE
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Financial Overview
12.5.4. SWOT Analysis
12.5.5. Key Developments
12.6. EGIS TECHNOLOGY INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Financial Overview
12.6.4. SWOT Analysis
12.6.5. Key Developments
12.7. BIO RECOGNITION SYSTEMS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Financial Overview
12.7.4. SWOT Analysis
12.7.5. Key Developments
12.8. AUTHENTEC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Financial Overview
12.8.4. SWOT Analysis
12.8.5. Key Developments
12.9. NEC CORPORATION
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Financial Overview
12.9.4. SWOT Analysis
12.9.5. Key Developments
12.10. TOUCH BIOMETRIX
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Financial Overview
12.10.4. SWOT Analysis
12.10.5. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
13.3. RESEARCH METHODOLOGY
The List of Companies
1. Vaporsens
2. ISENSE, LLC
3. Stratio, Inc.
4. Vkansee Technology
5. Flexenable
6. Egis Technology Inc.
7. Bio Recognition Systems
8. AuthenTec
9. NEC Corporation
10. Touch Biometrix
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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