Fingerprint Sensor Market Size, Share & Trends Analysis Report By Technology (Optical Fingerprint Sensor, Capacitive Fingerprint Sensor, Ultrasonic Fingerprint Sensor, Thermal Fingerprint Sensor), By Fingerprint Sensor Type (Area Sensor, Swipe Sensor, Touch Sensor), By Application (Consumer Electronics, Banking and Finance, Smart Homes, Commercial Spaces, Government and Law Enforcement, Military, Defense, and Aerospace, Healthcare, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global fingerprint sensor market size was valued at USD 5.12 billion in 2023 and reached USD 5.88 billion in 2024. It is expected to reach USD 17.73 billion in 2032, growing at a CAGR of 14.8% over the forecast period (2024-32). With increasing concerns over data security and identity theft, there is a growing demand for biometric authentication technologies like fingerprint sensors. These sensors offer a higher level of security compared to traditional methods such as passwords or PINs, driving their adoption in smartphones, laptops, and access control systems. Biometric fingerprint scanners have fingerprint sensors that are used to find and authenticate fingerprints. Most of these devices are built into fingerprint detection modules and are used to keep things safe and make sure they are real. Based on unique fingerprint biometric technology, the main features of a biometric fingerprint scanner are accuracy, better performance, and durability. A fingerprint scanner is a very safe and useful tool. How a fingerprint sensor works mostly depends on how it is processed. Fingerprint processing is mostly made up of two steps: registering and matching.

Fingerprint sensors make it easy to keep records and control attendance gates quickly. They cost less than some other biometric authentication systems. These things make the market for fingerprint sensors grow even more. The global fingerprint sensor market share is also growing because governments and law enforcement agencies use biometric systems based on fingerprint sensors a lot in order to improve security. Also, the growth of the fingerprint sensor market is helped by the fact that more companies and government agencies are using biometric time and attendance systems to track workers' hours of service and productivity.

Market Dynamics

Market Driving Factors

An Increase in the Use of Fingerprint Sensors for Biometric Authentication in Consumer Electronics

Every day, more and more people use consumer electronics, which means security needs to be checked. This is especially important for devices that use smart technology to protect data from security breaches. When biometric authentication is used in consumer electronics, it makes up for the weaknesses of older security methods like passwords and patterns, which can be forgotten or stolen by others. With the use of fingerprint sensors in consumer electronics, it is fast and easy to get in and out, and the right person can be verified. With all of these benefits, fingerprint authentication is used in a lot of consumer electronics, which helps the market grow. 

The Rise in the Adoption of Biometric Authentication by the Government

Biometrics has become more popular in many areas because it can be used to identify people in a unique way. At the moment, governments use biometrics for many different things, including managing borders, defence, screening employees, health care, and security. In the past, immigration and criminal database checks were done on passengers' biometrics at airports. In many government agencies, biometrics were used to check if a person could get benefits from government programs or not. As fraud in government work and employee attendance has gotten worse, many governments have made biometric authentication a requirement for many services and activities. Also, in order to run the government better, biometric authentication is being used in many government buildings for different services.

The Emergence of Touchless Fingerprint Technologies and the Increase in Identity Threats

In the modern digital world we live in now, security threats are growing quickly and hampering the lives of people. As the internet connects the global financial and banking sectors, the information about consumers is very confidential and can be hacked. Organizations' current security systems have many loopholes and cannot protect them from high-level cyberattacks. The fingerprint sensors market is also driven by the growing demand for fingerprint technology that does not need to be touched. Touchless fingerprinting is used to solve security problems by keeping fingers from touching devices. This technology can really revolutionize the fingerprint sensors market and can take the market on an inclined path of growth in a quick time, matching the rapid rise in technology.

Market Restraining Factors

Security Threats Related To the Biometric Database and the High Cost Associated With the Technology

As biometric data is stored and accessed through the database, it is likely that the rise of biometric technology and its use in identifying and authenticating people will have a big effect on society. For storage to be safe, the data need to be protected. But using runtime encryption and local authentication of data makes the risk of threats to the biometric database less. But still, there can be a possibility where cyber-attacks can hack the storage database and leak the private information of people, which is a damn serious issue and need to be addressed as quickly as possible.

A big problem for key players is that it costs a lot to make different fingerprint sensors. Costs that come up during the whole process of making a sensor make it hard for consumers to buy these sensors. The price of the raw materials used to make biometric sensors has gone up a lot, making it harder for people to use these features. Due to the high costs of research and development (R&D), there is also not much room for manufacturers to keep prices down. Also, there are not enough good sensors being made, so there is more demand than supply. Also, the easy availability of low-cost technologies that do not use biometrics is likely to hurt the fingerprint sensor market.

Key Market Opportunities

The Emerging Trends toward IoT-based Biometric Technology

IoT has been very important in the past few years. In biometrics, IoT (internet of things) is a key part of improving the process of saving biometric data by keeping data safe and encrypted by monitoring guarded systems and speeding up data analysis. Also, the introduction of Raspberry Pi and cloud technology has saved money and made biometrics more secure, which is why fingerprint sensors are used for authentication purposes widely across the world.

Increased Adoption of In-Display Fingerprint Sensors in Smart Phones

In-display fingerprint technology is used in many of today's top-of-the-line phones because it has a larger area to scan a finger, which gives the user the best experience. The in-display fingerprint sensor works with both dry and wet fingers, and its optical sensor is very thin and does not take up much room in a phone. Also, the in-display fingerprint takes less time than other fingerprint sensors to look at a finger. So, all of these benefits make it possible for fingerprint sensors to be built into smartphone screens. With such use of in-display fingerprint sensors, the market is said to improve more with time, which is why there is continuous research and developments going on in the fingerprint sensor market that is creating huge opportunities for new start-ups and manufacturers of such sensors.

Regional Analysis

The global fingerprint sensor market is primarily segmented into three regions, namely – North America, Europe, and Asia-Pacific, out of which Asia-Pacific is the largest contributor to the global market of fingerprint sensors. 

North America

The fingerprint sensor market in North America is growing quickly because technology is getting better and more people are buying smartphones, smart cars, and smart homes in the area. It is driven by new technologies, a high per capita income, and the private and public sectors' early adoption of new technologies, which led to the figures of USD 1.01 billion in 2021 and is expected to reach USD 2.9 billion by 2030 with a CAGR of 12.5%. 

Europe

Different industries, like medical and health care, smartphones, and smart cities, have helped the fingerprint sensor market in Europe grow. With automation, smart homes, and smartphones all getting smarter, there is a huge chance for the fingerprint sensor market in Europe to grow, which has led the region to acquire market figures of USD 0.824 billion in 2021 and grow to USD 2.7 billion in 2030 with a CAGR of 14.1%.

Asia-Pacific

In 2019, the adoption of sensor technologies grew the most in the Asia-Pacific region. The said region has a lot of room for the growth of the advanced technologies that help the fingerprint sensor market grow. Countries like India, China, and Japan are the most advanced in the area when it comes to technology. Asia and the Pacific are slowly starting to use new technologies. The fingerprint sensor market is also being driven by the growth of the sensor market and the defense industry, which earned the region a whopping revenue that stands at USD 2.3 billion in 2021 and is expected to grow to USD 9.1 billion by 2030 with a CAGR of 16.5%. 

Segmental Analysis

Based on Technology the Fingerprint Sensor market is segmented into Optical Fingerprint Sensor, Capacitive Fingerprint Sensor, Ultrasonic Fingerprint Sensor, and Thermal Fingerprint Sensor.

Optical fingerprint sensors use light to capture an image of the fingerprint, ideal for high-resolution and low-cost applications. Capacitive fingerprint sensors measure electrical signals to create a detailed map of the fingerprint, offering high accuracy and reliability. Ultrasonic fingerprint sensors employ high-frequency sound waves to generate a 3D image of the fingerprint, providing enhanced security and functionality through dirt and moisture. Thermal fingerprint sensors detect temperature differences between fingerprint ridges and valleys, offering robust performance in various environmental conditions.

Based on Fingerprint Sensor Type the Fingerprint Sensor market is segmented into Area Sensor, Swipe Sensor, and Touch Sensor.

Area sensors capture a fingerprint image by pressing the finger onto a sensor surface, providing high accuracy and security. Swipe sensors require the user to swipe their finger across a narrow sensor strip, offering a compact design suitable for mobile devices. Touch sensors, similar to area sensors, involve a quick touch on the sensor, balancing between compactness and accuracy, commonly used in smartphones and laptops. Each type caters to different application needs and device designs.

Based on Application the Fingerprint Sensor market is segmented into Consumer Electronics, Banking and Finance, Smart Homes, Commercial Spaces, Government and Law Enforcement, Military, Defense, Aerospace, Healthcare, and Others.

Consumer Electronics involves devices like smartphones and laptops for secure access; Banking and Finance uses sensors for secure transactions and identity verification; Smart Homes integrate sensors for access control and security systems; Commercial Spaces employ them for employee access and time tracking; Government and Law Enforcement utilize them for identity verification and criminal identification; Military, Defense, and Aerospace applications focus on secure access to sensitive areas; Healthcare uses sensors for patient identification and record access; Others include miscellaneous applications such as automotive and industrial use.

Impact of covid-19

COVID-19 has positive and negative market consequences, as carbon emissions have decreased globally due to the lockout. COVID-19's reduction in emissions is a short-term benefit. Still, when industries and enterprises attempt to recoup some of their financial losses in the first quarter of the year, carbon emissions will rise dramatically. COVID-19 had a negative impact on global recycling efforts. Countries, notably the United States, have halted or decreased recycling programs to focus on collecting additional domestic waste or because services have been disrupted by the virus.

Also, with industries slowly returning to normalcy following the COVID-19 outbreak, this shift in workplace health and safety is expected to increase due to mandatory social distancing and continuous personal care through sanitization to eliminate even the tiniest possibility of COVID-19 spread. COVID-19 has impacted various companies' revenues, and if the lockdown is lifted, companies will turn their attention to operations to make up for their losses.

Recent Developments

• July 2024 - Goodix and Samsung implemented novel fingerprint enrollment techniques with the objective of expanding customer convenience and bolstering security on their most recent gadgets. Goodix, a manufacturer of biometric sensors, has created a function called "sliding enrollment" for fingerprint sensors embedded in the display. This feature is first introduced in the Iqoo Neo 9s Pro Plus.
• March 2024 - SmartMetric, Inc. (OTC: SMME) obtained patents from the United States Patent Office. These patents, granted to SmartMetric by its founder, Chaya Hendrick, grant SmartMetric exclusive rights to use biometric fingerprint sensor technology in credit cards in the USA. The awarded patents detail a credit card or debit card equipped with an EMV chip and a fingerprint sensor integrated into the card's surface.