Fingerprint Module Market Size (2024 - 2029)

The Fingerprint Module Market is experiencing significant growth, driven by government investments in secure citizen identification systems and the increasing integration of biometric authentication in smartphones. The demand for fingerprint modules is further propelled by the expanding smartphone market and the need for enhanced security in mobile payments. Additionally, fingerprint authentication is becoming a vital tool for attendance tracking in organizations across various sectors.

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Market Size of Fingerprint Module Industry

Fingerprint Module Market2
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 17.08 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Fingerprint Module Market Major Players

*Disclaimer: Major Players sorted in no particular order

Fingerprint Module Market Analysis

The Fingerprint Module Market was valued at USD 3.40 billion in 2020 and is expected to reach USD 8.75 billion by 2026, at a CAGR of 17.08% over the forecast period 2021 - 2026. Government investments towards the development of a secure and reliable repository of citizen identification is a major driver for the market. In India, 1.24 billion people have an Aadhaar number as of June 2019, covering more than 99% of the adult population. The project that had been initially linked to only public subsidy and unemployment benefit schemes now includes a payment scheme.

  • The ever-expanding smartphone integrations of biometric authentication, coupled with the sustained growth rates of the smartphone market itself will drive the demand for fingerprint module. Efforts to satisfy both data security and user convenience continue to drive innovations in the smartphone biometrics space. For example, the Galaxy S10 and S10+, the latest phones from Samsung have a new ultrasonic, in-display fingerprint sensor, which creates a 3D image of your print and is more secure than traditional capacitive fingerprint readers.
  • Moreover, one crucial area is the fast-growing market for mobile payments, where both consumers and financial services need additional security. According to Precise Biometrics, 60 percent of all transactions in mobile payments are expected to be performed via biometric authentication by 2020, primarily using fingerprint sensors in mobile devices.
  • Fingerprint authentication is fast becoming an essential method of attendance tracking for organizations across industries. Ministry of Electronics and Information Technology (MeitY), GOI, for example, has implemented biometric attendance for 901,713 central government employees and more than 1.8 million state employees under a pilot project implemented by GOI.

Fingerprint Module Industry Segmentation

Biometric Identification consists of determining the identity of a person by capturing the biometric data of the person. Biometric data can be a photo of the face, a record of the voice, or an image of the fingerprint. Fingerscanning also called fingerprint scanning, is the process of electronically recording and storing human fingerprints. The digital image obtained by such scanning is called a finger image.

By Technology
Optical FingerPrint Scanner
Capacitive-based Fingerprint Reader
Multispectral Imaging Sensor
By End-user Industry
Government & Law Enforcement
Consumer Electronics
Aviation
BFSI
Healthcare
Others
Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Fingerprint Module Market Size Summary

The fingerprint module market is experiencing significant growth, driven by increasing government investments in secure citizen identification systems and the rising integration of biometric authentication in smartphones. The market is characterized by rapid advancements in technology, such as Samsung's ultrasonic, in-display fingerprint sensors, which offer enhanced security features. The demand for fingerprint modules is further propelled by the expanding mobile payments sector, where biometric authentication is becoming a preferred method for securing transactions. Additionally, organizations across various industries are adopting fingerprint authentication for attendance tracking, highlighting its growing importance in both security and convenience.

The Asia-Pacific region is poised to maintain its position as the fastest-growing market for fingerprint modules, supported by a strong cultural acceptance of new technologies and robust government initiatives. The region's vibrant economy for fingerprint sensors is bolstered by the widespread adoption of Aadhaar biometric identities in India, the largest national population with digitally verifiable identities. The increasing demand for secure payment methods and the rapid growth of the smartphone market in Asia-Pacific are key factors contributing to the market's expansion. The competitive landscape is marked by the presence of numerous players, including Secugen Corporation, HID Global Corporation, Suprema Inc., NITGEN Co., Ltd, and Idemia France SAS, who are actively seeking to expand their global footprint through strategic acquisitions and technological advancements.

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Fingerprint Module Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Dynamics

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing Government Investment for Creating Citizen Repositories & Improving Security

      2. 1.3.2 Expanding Smartphone Integration for Biometric Authentication

    4. 1.4 Market Restraints

      1. 1.4.1 Threat to Security of Fingerprint Data Within the System

      2. 1.4.2 Limitations of the Technology Leading to Breaches

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Technology

      1. 2.1.1 Optical FingerPrint Scanner

      2. 2.1.2 Capacitive-based Fingerprint Reader

      3. 2.1.3 Multispectral Imaging Sensor

    2. 2.2 By End-user Industry

      1. 2.2.1 Government & Law Enforcement

      2. 2.2.2 Consumer Electronics

      3. 2.2.3 Aviation

      4. 2.2.4 BFSI

      5. 2.2.5 Healthcare

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East & Africa

Fingerprint Module Market Size FAQs

The Fingerprint Module Market is projected to register a CAGR of 17.08% during the forecast period (2024-2029)

Secugen Corporation, HID Global Corporation, Suprema Inc., NITGEN Co.,Ltd and Idemia France SAS are the major companies operating in the Fingerprint Module Market.

Fingerprint Module Report Snapshots

Fingerprint Module Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)