Fingerprint Sensors Market Size, Growth, Trends and Report 2027

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According to the latest report from the IMARC group “Fingerprint Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global fingerprint sensor market reached a value of US$5.15 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$12.4 billion by 2027 growing at a CAGR of 16.42% in 2022-2027.

A fingerprint sensor represents a biometric security system that scans an individual’s fingerprints to authenticate their identity. In terms of technology, it comes in several types including capacitive, optical, thermal, etc. These fingerprint sensor variants capture high contrast fingerprint images and convert them into digital codes, which are stored as fingerprint minutiae. They prove to be a fast, reliable, convenient and cost-effective method of identity verification and can be installed seamlessly on multiple devices. As a result, fingerprint sensor designs find wide applications in many industries, such as government and law enforcement, healthcare, aerospace, defense and military, banking, financial services and insurance (BFSI)travel and immigration, consumer electronics, etc.

Covid-19 impact analysis:

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Global Fingerprint Sensors Market Trends:

Rising instances of security breaches in various industries and increasing need for effective authentication procedures to provide secure access control to various facilities and computer systems are majorly driving the fingerprint sensor market. Apart from this, the growing adoption of products to digitize time and attendance systems in government organizations and enterprises across the countries is also positively influencing the global market. Furthermore, the increasing integration of these sensors in smartphones, wearable devices and automobiles, due to the emerging trend of automation, acts as another important growth driver. In addition, increased investment in research and development (R&D) activities and the introduction of cutting-edge products integrated into artificial intelligence (AI)) by key market players to improve the accuracy of verification process and provide personalized user experience is expected to propel the fingerprint sensor market over the forecast period.

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Global Fingerprint Sensors Market Report Coverage and Industry Segmentation:

The report covers the key market segments below:

Breakdown by type:

  • Area and touch sensors
  • Slip sensors

Breakdown by technology:

  • Capacitive
  • Optical
  • Thermal
  • Others

Breakdown by application:

  • Consumer electronics
  • Government and law enforcement
  • Military, Defense and Aeronautics
  • travel and immigration
  • Banking and finance
  • Health care
  • smart homes
  • Others

Market Breakdown by Region:

  • North America (USA, 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

Ask the analyst for a customization and browse the full report with table of contents and list of figures: https://www.imarcgroup.com/fingerprint-sensor-market

Competitive landscape with a key player:

  • 3M Cogent Inc.
  • Anviz Global Inc.
  • shopping fashion Apple Inc.
  • BIO-Key International Inc.
  • Egis Technologies Inc.
  • AB fingerprint cards
  • IDEMIA (Advent International Corporation)
  • Idex Biometrics ASA
  • M2SYS Technology
  • Next ASA Biometrics Group
  • NEC Corporation
  • Qualcomm Technologies Inc.
  • Shenzhen Goodix Technology Co.Ltd
  • Sonavation inc.
  • Synaptics Incorporated and Vkansee Technology Inc.

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