Market Size of Fingerprint Sensors Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 9.54 Billion |
Market Size (2029) | USD 16.78 Billion |
CAGR (2024 - 2029) | 11.96 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
Fingerprint Sensors Market Analysis
The Fingerprint Sensors Market size is estimated at USD 9.54 billion in 2024, and is expected to reach USD 16.78 billion by 2029, growing at a CAGR of 11.96% during the forecast period (2024-2029).
The fingerprint sensors market has expanded rapidly over the past few years and is projected to increase even further during the forecast period. Increased adoption of smartphones, increasing security applications, and government initiatives to adopt biometrics tend to be the key factors driving the demand for fingerprint sensors globally.
- The fingerprint is among the prominent types of biometrics used in various devices and application fields, leading to the rise in demand for fingerprint sensors. Moreover, according to the survey carried out by the Biometrics Institute, interest in artificial intelligence (AI) more than doubled from 8% in 2022 to 19% in 2023. In the short term, AI is also expected to surpass digital identity as the most significant development in biometrics.
- The growing penetration of smartphones equipped with fingerprint sensors is among the prominent drivers of the market studied. For instance, as reported by GSMA, the global smartphone penetration rate was estimated at 68% in 2022, up for the first time since 2018. This is based on an estimated 6.3 billion smartphone subscriptions globally and a worldwide population of around 7.4 billion.
- In line with that, the number of intelligent devices, such as tablets, laptops, smartphones, and smart wearables per person, is expected to increase over the coming years. These devices are increasingly being incorporated with fingerprint sensors.
- Smartphone penetration is increasing exponentially, owing to the increasing influence of fast internet access. With the advent of 5G, smartphone penetration is expected to increase even further. According to GSMA, the number of smartphone subscribers in North America is expected to reach 328 million by 2025.
- Moreover, by 2025, the region may witness an increase in the penetration rates of mobile subscribers (86%) and the internet (80%). According to GSMA, by 2025, Europe is estimated to register the highest internet penetration rate (82%) and smartphones (88%).
- Facial recognition systems are becoming increasingly common in various devices. For instance, major smartphone vendors, such as Apple, Samsung, and OnePlus, have already incorporated this user authentication. However, this increase in the adoption of substitute technology can hamper the growth of the fingerprint sensors market.
Fingerprint Sensors Industry Segmentation
A fingerprint sensor is an electronic security system that uses fingerprints for biometric authentication to grant users access to a device or information or to approve transactions.
The fingerprint sensor market is segmented by type (optical, capacitive, thermal, and ultrasonic), application (smartphones/tablets, laptops, smartcards, IoT, and other applications), end-user industry (military and defense, consumer electronics, BFSI, government, and other end-user industries), and geography (North America [United States and Canada], Europe [Germany, United Kingdom, France, and the Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and the Rest of Asia-Pacific], Latin America, and Middle East and Africa). The market size and forecast are provided in terms of value (USD) for all the segments.
By Type | |
Optical | |
Capacitive | |
Thermal | |
Ultrasonic |
By Application | |
Smartphones/Tablets | |
Laptops | |
Smartcards | |
IoT and Other Applications |
By End-user Industries | |
Military and Defense | |
Consumer Electronics | |
BFSI | |
Government | |
Other End-user Industries |
By Geography*** | ||||||
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Australia and New Zealand | ||||||
Latin America | ||||||
Middle East and Africa |
Fingerprint Sensors Market Size Summary
The fingerprint sensor market is experiencing significant growth, driven by the increasing adoption of smartphones and the rising demand for enhanced security applications. As a prominent type of biometric technology, fingerprint sensors are being integrated into a wide range of devices, including smartphones, tablets, laptops, and smart wearables. The market is further propelled by government initiatives to adopt biometric solutions and the growing interest in artificial intelligence, which is expected to play a crucial role in the future of biometrics. The penetration of smartphones, particularly with the advent of 5G technology, is a major factor contributing to the market's expansion, as more devices are equipped with fingerprint sensors for user authentication.
In addition to smartphones, the fingerprint sensor market is witnessing opportunities in various sectors, including automotive and mobile payments, particularly in regions like China and South Korea. The market is characterized by a fragmented landscape, with key players such as Qualcomm, Fingerprint Card AB, and Synaptics leading the charge in deploying fingerprint solutions across different platforms. Innovations in technology, such as the shift from capacitive to ultrasonic and optical sensors, are enhancing the integration of fingerprint sensors into devices. Companies are also exploring new markets beyond smartphones, including the Internet of Things (IoT) and smart cards, to expand their reach and improve end-user experiences.
Fingerprint Sensors Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Degree of Competition
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1.2.5 Threat of Substitute Products
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1.3 Industry Value Chain Analysis
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1.4 Assessment of the Impact of Key Macroeconomic Trends on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Optical
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2.1.2 Capacitive
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2.1.3 Thermal
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2.1.4 Ultrasonic
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2.2 By Application
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2.2.1 Smartphones/Tablets
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2.2.2 Laptops
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2.2.3 Smartcards
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2.2.4 IoT and Other Applications
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2.3 By End-user Industries
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2.3.1 Military and Defense
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2.3.2 Consumer Electronics
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2.3.3 BFSI
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2.3.4 Government
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2.3.5 Other End-user Industries
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2.4 By Geography***
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.3 Asia
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.4 Australia and New Zealand
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2.4.5 Latin America
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2.4.6 Middle East and Africa
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Fingerprint Sensors Market Size FAQs
How big is the Fingerprint Sensors Market?
The Fingerprint Sensors Market size is expected to reach USD 9.54 billion in 2024 and grow at a CAGR of 11.96% to reach USD 16.78 billion by 2029.
What is the current Fingerprint Sensors Market size?
In 2024, the Fingerprint Sensors Market size is expected to reach USD 9.54 billion.