Fingerprint Sensor Market Size, Share, Growth Analysis, By Technology(Capacitive, Optical, Thermal, Ultrasonic), By Product Type(Area Touch Sensors, Swipe Sensors), By Materials Used(Piezoelectric Materials, Pyroelectric Materials, Lithium Tantalate, Adhesives), By Products(Authentication system in a smart device, Attendance recording system, Access Control Systems, Biometric Smartcards), By End-use(Consumer Electronics, Travel, Immigration, Government), By Sensor Technology(2D sensor technology, 3D sensor technology), By Region - Industry Forecast 2024-2031

Fingerprint Sensor Market size was valued at USD 3.5 billion in 2019 and is poised to grow from USD 3.88 billion in 2023 to USD 9.85 billion by 2031, growing at a CAGR of 10.9% in the forecast period (2024-2031).

The fingerprint sensor market includes the widespread use of fingerprint sensors in consumer devices, the successful implementation of biometric systems for calculating employee productivity, and work hours, and the rising adoption of biometrics by government agencies for enhanced security are key factors driving the market growth. The development of biometric smartcards in BFSI applications, the trend of in-display fingerprint sensors in smartphones, along with the rise in the deployment of fingerprint sensors in IoT-based devices. As of November 2021, Fingerprint Cards AB established two subsidiaries to increase strategic and financial potential in key mobile, PC, payments, and access industries. Before initiating a program of strategic diversification into the PC, access control, and payments areas, Fingerprint provided biometric solutions for Android handsets. These expansions and diversification of technology into various domain is propelling the demand for fingerprint sensors and driving the market throughout the analysis period.

US Fingerprint Sensor Market  is poised to grow at a sustainable CAGR for the next forecast year.