CHICAGO, October 6, 2021 / PRNewswire / – According to a research report Covid-19 Impact Fingerprint Sensor Market by Technology (Capacitive, Optical, Thermal & Ultrasonic), Type (Area, Touch & Scan), Sensor Technology, Product, End Use Application & Region – Global Forecast until 2026 “, published by MarketsandMarkets ™, the market for fingerprint sensors is estimated at $ 3.5 billion in 2021 and reach $ 5.8 billion by 2026; it is expected to grow at a CAGR of 10.9% during the forecast period (2021-2026).
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Extensive use of fingerprint sensors in consumer devices, effective implementation of biometric time and attendance systems to calculate employee productivity, working hours and more, and mass adoption of the Biometrics by governments around the world for enhanced security are the key factors in the growth of the fingerprint sensor market. However, the threats related to the biometric database are the major constraint hindering the growth of the Fingerprint Sensor market. On the contrary, the emergence of biometric smart cards in BFSI applications, the new trend of fingerprint sensors embedded in smartphones and the increasing adoption of fingerprint sensors in devices based on the IoT are expected to provide lucrative opportunities for the fingerprint sensor market. players between 2021 and 2026. In addition, the increasing use of facial recognition technology in payment, access and security and criminal identification applications poses challenges to the fingerprint sensor market.
Ultrasonic Fingerprint Sensors Expected to Experience Highest CAGR for Forecast Period
Ultrasonic sensors read the epidermal skin layer as well as a dermal skin layer, capturing the smallest details. Therefore, these sensors can read wet fingers and fingers with torn or damaged skin. Advances in detection technology are expected to accelerate the growth of the ultrasonic fingerprint sensor market. In terms of size, Capacitif is the leading technology in the fingerprint sensor market; this is mainly due to its low cost and high consumer acceptance. Capacitive sensors can be very compact and used in mobile and portable devices. Biometric smart cards, vehicle scanners and smart locks are among some of the emerging applications of capacitive fingerprint sensors, which are said to provide more growth opportunities for the capacitive sensor market. Optical technology is expected to hold the second largest share of the fingerprint market during the forecast period. The growing acceptance of in-screen scanners by end users and the user-friendly experience has prompted OEMs to implement integrated fingerprint sensors in smartphones. Thus, the growing acceptance by customers encourages OEMs to manufacture smartphones equipped with integrated fingerprint sensors, which propels the growth of the market.
Surface and touch sensors to account for the largest share of the market during the forecast period
Zone and touch sensors are widely used in consumer electronics because these sensors offer a high degree of convenience and accuracy, thereby capturing a greater market share. Touch sensors are getting smaller and cheaper and more convenient to use. OEMs prefer these sensors to scanning sensors, especially in mobile devices that require smaller sensors for more compact products, as preferred by end users in the market. Some of the companies providing area and touch sensors include Synaptics (US), Fingerprints (Sweden), Apple (United States) and IDEX (Norway). OEMs using touch sensors for smartphones include Samsung (South Korea), Apple (United States) and Xiaomi (China), while companies providing scanners and fingerprint readers equipped with touch sensors include SecuGen (US), HID Global (US) and Suprema (South Korea).
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2D fingerprint sensors are estimated to have a significant share of the market
The market for 2D sensor technology is expected to reach $ 5,407 million by 2026. 2D sensor technology is the most suitable for performing detection and telemetry tasks. The technology remains a preferred choice for OEMs due to its low cost, especially in mobile devices that require smaller sensors, to produce miniaturized products preferred by end users in the market. However, the 3D fingerprint sensors market is expected to grow at a higher CAGR during the forecast period. 3D data provides the most accurate representation of a real fingerprint. FlashScan3D (United States), Qualcomm (United States) and Touchless Biometric Systems TBS (Switzerland) offer 3D sensors for access control, time and attendance and other sensitive applications.
Consumer electronics end-use applications expected to hold the largest share in 2026
Consumer electronics application is expected to represent the largest size of the fingerprint sensor market in the coming years, mainly due to the increased demand for these sensors in consumer devices such as smartphones, tablets, laptops and notebooks. Consumer IoT devices are expected to provide opportunities to the market during the forecast period.
Banking and finance are expected to be the fastest growing applications over the forecast period due to the increasing adoption of fingerprint sensors in smart cards used for payments. Several entities such as fingerprint sensor manufacturers, smart card manufacturers and card issuers across the value chain are taking initiatives to increase the adoption of biometric payment cards across the world. Players include Fingerprint Cards, NEXT Biometrics, IDEX ASA, IDEMIA, Gemalto, Kona I, XH Smart, Goldpac, and issuers include AirPlus, Intesa Sanpaolo, Société GénéraleMACU and Banks in the Middle East. In April 2019, the Royal Bank of Scotland (RBS) started its biometric payment card trial with customers from Scotland. The board is supplied by Gemalto and uses the T-shaped sensor module from Fingerprints.
APAC is attributed with the highest CAGR growth in the Fingerprint Sensor market during the forecast period (2021-2026)
APAC dominates the fingerprint sensor market primarily because consumer electronics is the key application for fingerprint sensors, and APAC is the primary market for consumer electronics. Key APAC countries include China, Japan, India, and South Korea. The major demand for fingerprint sensors is propelled by OEMs based in China and South Korea. The main smartphone manufacturers in China include Huawei, Xiaomi, Oppo and Vivo, while Samsung, based at South Korea, is one of the market leader in smartphones, which is accelerating the growth of the fingerprint sensor market in APAC. Other critical applications for which fingerprint sensors are adopted in APAC include banking and finance, government and law enforcement, and travel and immigration. Some of the major players in the fingerprint sensor market in APAC are Goodix (China), EGIS Technology (Taiwan), Q Technology (China) and CrucialTec (South Korea).
Key market players:
In 2020, the fingerprint sensor market was dominated by Goodix (China), Fingerprint Cards AB (Sweden), Synaptics (United States), Apple Inc. (United States) and Egis Technology (Taiwan).
Biometric Systems Market with COVID-19 impact by authentication type (single-factor: fingerprint, iris, face, voice; multifactor), offering (hardware, software), type (contact, contactless, hybrid), vertical and region – global Forecast until 2025
Mobile biometrics market by component (fingerprint readers, scanners, cameras, software), authentication mode (single factor (fingerprint, voice, face, iris, vein and retina) and multifactor), industry and geography – global forecast up to in 2022
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