What is the global market size of Fingerprint Sensor Market?

Fingerprint Sensor Market size was valued at USD 3.5 billion in 2021 and is poised to grow from USD 3.88 billion in 2022 to USD 9.85 billion by 2030, growing at a CAGR of 10.9% in the forecast period (2023-2030).

Fingerprint Sensor Market Size, Share, Growth Analysis, By Type (Capacitive Sensors, Optical Sensors), By Technology (Touch Sensors, Swipe Sensors), By Application, By End User, By Region - Industry Forecast 2025-2032

Report ID: SQMIG45J2183 | Region: Global | Published Date: December, 2024
Pages: 165 | Tables: 176 | Figures: 79

Fingerprint Sensor Market News

In August 2022, Tuya Smart and Goodix announced the development of a GR551x-series Bluetooth Low Energy SoC-based Smart Tag solution that supports Apple's ecosystem.
In May 2022, Goodix Technology announced the expansion of its product line, as well as notable advances in sensing and networking solutions. Goodix continues to invest extensively in key technologies that drive innovation in IoT applications for a new era of smart connection, by its strategic plan. The launch of the new Bluetooth LE SoC and Time of Flight (ToF) solutions were some major highlights.

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Global Fingerprint Sensor Market size was valued at USD 4.80 billion in 2022 and is poised to grow from USD 5.45 billion in 2023 to USD 15.00 billion by 2031, growing at a CAGR of 13.5% during the forecast period (2024-2031).

The Fingerprint Sensor market is relatively fragmented, with a high level of competition. Few large players, like Qualcomm, Fingerprint Cards AB, and Egis Technology Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Shenzhen Goodix Technology Co., Ltd. ', 'Fingerprint Cards AB ', 'Synaptics Incorporated ', 'Apple Inc. ', 'Qualcomm Technologies, Inc. ', 'IDEX Biometrics ASA ', 'Egis Technology Inc. ', 'NEXT Biometrics Group ASA ', 'FocalTech Systems Co., Ltd. ', 'CrucialTec ', 'Vkansee Technology Inc. ', 'Q Technology (Group) Company Limited ', 'Silead Inc. ', 'ELAN Microelectronics Corp. ', 'Microchip Technology Inc. ', 'MStar Semiconductor, Inc. ', 'Oxi Technology Ltd. ', 'Sonavation, Inc. ', 'Suprema Inc. ', 'Touch Biometrix Ltd. '

Growing use of biometric authentication technologies for employee attendance and preventing online and offline scams made it a must-have for smartphones, tablets, PCs, laptops, wearables, etc. Fingerprint, face detection, and iris scanning are integrated with devices to ensure security. Fingerprint sensing technology is being rapidly used in consumer devices like smartphones and tablets because of its popularity and unique qualities, such as the capacity to collect characteristics like ridges, valleys, and tiny points of every individual are some of the major factors propelling the market growth during the analysis period.

Ultrasonic sensors detect epidermal and dermal skin layers to capture details. These sensors can read moist and injured fingers. Technological advances will boost the ultrasonic fingerprint sensor industry.

In 2021, Asia Pacific held the largest global fingerprint sensor market share of more than 40 %. The growing use of biometric sensors in various companies, along with an increase in wearable devices, and rising security and safety concerns are anticipated to propel the fingerprint sensors market in the Asia Pacific region during the forecast period. Growing mobile transactions in countries like India and China are also anticipated to have a substantial impact on the mobile biometrics industry in the region. Smartphone shipments are at an all-time high in China. It is also anticipated to fuel the region's fingerprint sensor market, as nearly all modern smartphones use capacitive or optical fingerprint sensors which are expected to drive the market growth during the analysis period.

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Fingerprint Sensor Market Size, Share, Growth Analysis, By Type (Capacitive Sensors, Optical Sensors), By Technology (Touch Sensors, Swipe Sensors), By Application, By End User, By Region - Industry Forecast 2025-2032

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