The Global fingerprint sensor market the size reached US$5.15 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$12.4 billion by 2027, with a CAGR of 16.42 % in 2022-2027.
Report Measurement History: 2016-2021
Base year: 2021
Forecast year: 2022-2027
Fingerprint sensors are essential components of electronic security systems that rely on fingerprints for biometric authentication and allow the user to access a device, information or approve transactions . These sensors also provide fast, reliable and easy access to personal contact details, emails, personal information and location. They are convenient, cost-effective, facilitate record keeping and help manage attendance portals. Therefore, they are widely adopted in consumer electronics, aerospace, government and law enforcement, healthcare, defense and military, travel and immigration, and banking, financial services and insurance (BFSI) across the world.
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Global fingerprint sensor market:
Currently, major smart device manufacturers are focusing on integrating fingerprint sensors as they help users log in with just a tap. These sensors increase security, eliminate the use of PINs, patterns and passwords, and minimize threats from hacking and misuse of sensitive data. They are also used to strengthen the authentication process and to provide secure access control across multiple organizations. This, in conjunction with the increase in smartphone sales, is positively influencing the growth of the market. Apart from this, the growing incidence of security breaches is also driving the fingerprint sensor market. Moreover, the integration of advanced technologies including artificial intelligence (AI) to provide personalized user experience is driving the growth of the market.
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2022-2027 Global Fingerprint Sensors Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
3M Cogent Inc., Anviz Global Inc., Apple Inc., BIO-Key International Inc., Egis Technology Inc, Fingerprint Cards AB, IDEMIA (Advent International Corporation), Idex Biometrics ASA, M2SYS Technology, Next Biometrics Group ASA, NEC Corporation , Qualcomm Technologies Inc., Shenzhen Goodix Technology Co. Ltd., Sonavation Inc., Synaptics Incorporated, and Vkansee Technology Inc.
The report has segmented the market based on region, type, technology, and application.
Breakdown by type:
Area and touch sensors
Breakdown by technology:
Breakdown by application:
Government and law enforcement
Military, Defense and Aeronautics
travel and immigration
Banking and finance
Breakdown by region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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