Fingerprint Sensors Market Analysis By Type (Swipe Sensors, Area & Touch Sensors), By Technology (Capacitive and RF Capacitive Sensing Technology, Optical Sensing Technology), By Application, By Region &Segment Forecasts, 2014 – 2025

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  • Published Date:
    17 Jul 2021
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    ICT & Telecom
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Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.



The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.

With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.

Market Overview:

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The global fingerprint sensors market was valued at USD 2.82 billion in 2015 and is expected to significantly over the forecast period. Rising penetration of the sensors in smartphones and growing adoption of mobile commerce is expected to drive the market. Additionally, the growing need for simplified and secure user access will also benefit the industry growth.
Fingerprint sensors offers fast, reliable and easy access to the contacts details, mails, payment information, location data and other form of encrypted data to authorized person. Growing implementation of the technology in consumer electronics such as tablets, smartphones, and laptops are also projected to benefit the market growth over the forecast period.
Increasing government support for adopting the biometrics in various fields is also expected to boost the industry growth. Growing implementation of the technology in banking and finance field, such as smart cards, are considered to be few factors projected to provide huge opportunities to the industry. Rapidly growing mobile commerce, is expecting to create potential opportunities for banking applications. Furthermore, mobile payments made for transferring money and for shopping on smart phones will raise the market exponentially.
The technology also facilitates management and easy record keeping to the attendance portals and is moderately less costly in contrast to other biometric authentication devices. Growing deployment of fingerprint based authentication system in government and corporate organizations has led to the exponentially growth of the market.
The fingerprint sensors market is segregated into type, sensor technology, application and region. Based on the type of sensors, the industry is categorized into area & touch sensors, swipe of sensors whereas the technology segment is categorized into capacitive and RF capacitive sensing technology, optical sensing technology and other sensing technology. The application segment is segregated into government, consumer electronics/mobile devices, banking & finance, military & defense, commercial, healthcare and others. Capacitive & RF capacitive sensors are expected to grow at the significant rate owing to greater accuracy and compactness of the sensors.
Mobile devices/consumer electronics is estimated to hold the major share in the industry
Growing demand for additional secured mobile devices, rise in mobile payments and mobile platforms such as Apple Pay, Samsung Pay, and Alipay and growing security concerns are projected to fuel the market growth. Banking & finance segment is also projected to grow significantly over the forecast period owing to the increasing adoption of biometric products and cards.
Increasing penetration of sensors in smart cards which can perform as a debit card or credit card is also expected to boost the industry. Furthermore, the technology reduces the risk of internal and external fraud in the banking & finance sector.
Asia Pacific is accounted for major share in 2016
Growing consumer electronics industry and increasing penetration of smartphones in China, India and South Korea are few factors for the growth in the region. Furthermore, increasing government initiatives for implementation of biometric systems owing to the security concerns is anticipated to fuel the market growth. However, lack of awareness among consumer towards higher security provided by the technology may hinder the market growth over the forecast period.
Few key players include Dermalog Identification Systems, Egis Technology Inc, 3M Cogent Inc., NEC Corporation, Fingerprint Cards AB, Synaptic Inc., and IDEX ASA. Collaborations, agreements, partnerships and contracts are few strategies followed by the players.• Pharmaceuticals

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook


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