Fingerprint Sensor Market is Expected to Attain an Outstanding Valuation of USD 14.47 Billion by 2030

Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Fingerprint Sensor Market.

Fingerprint Sensors Market Overview

Global Fingerprint Sensor Market is expected to reach USD 14.47 Billion by 2030 at a CAGR of 13.27% during the forecast period. Market Research Future (MRFR), in its report envelops segmentation and drivers to provide a better glimpse of the market in the coming years.

Competitive Analysis

The Key Players of the Global Fingerprint Sensor Market are NEC Corporation (Japan), IDEMIA (France), HID Global Corporation (US), Thales Group (France), Apple Inc. (US), Qualcomm Technologies Inc. (US), Synaptics Incorporated (US), Fingerprint Cards AB (Sweden), Shenzhen Goodix Technology Co., Ltd. (China), and IDEX Biometrics ASA (Norway) among others.

Fingerprint Sensors Market Segmental Analysis

Global Fingerprint Sensor Market has been segmented based on Type, Technology, Application, and Region. The growing trend of incorporating a fingerprint sensor in several mobile applications for security purposes provides a positive outlook for the market. The global fingerprint sensor market looks promising with tremendous opportunities in various sectors such as consumer electronics, industrial, healthcare, automotive, and aerospace & defense.

By type, the market has been bifurcated into area & touch sensors and swipe sensors. Among these, the area & touch sensor segment accounted for the larger market share of 68.5% in 2018, with a market value of USD 2,205.4 million; it is expected to register a CAGR of 12.8% during the forecast period. Area & touch sensors are used in the control panels of various electrical appliances as they provide a user-friendly interface, consume less power, and control high and low voltage devices. It also provides consumers accessibility and a highly spontaneous interface. The growing adoption of smart devices and controls has contributed to the growth of these sensors in the market.

Based on technology, the market has been segmented into capacitive sensors, optical imaging sensors, thermal sensors, and ultrasonic sensors. Among these, the capacitive segment accounted for the largest market share of 41.0% in 2018, with a market value of USD 1,318.3 million; it is expected to register a CAGR of 13.0% during the forecast period. The optical segment was the second-largest market in 2018, valued at USD 884.7 million; it is projected to register the highest CAGR of 15.2%. Capacitive finger sensors are widely used for large screen devices and monitors. It includes a transparent sheet of Indium Tin Oxide applied over the screen, which allows more light to transmit through the screen and hence, provides high resolution and response time. Capacitive touch sensors are sensitive toward capacitance and can be operated with a conducting material only. These sensors provide a more responsive experience allowing for more accurate and flexible operations. These sensors are widely used in smartphones, tablets, wearable devices, control panels, and smart home products. Also, as automobiles get smarter and connected, capacitive sensors are finding their use as a part of in-cabin infotainment systems.

By application, the market has been segmented into consumer electronics, government & law enforcement, military, defense & aerospace, travel & immigration, BFSI, healthcare, smart homes, commercial, and others. The consumer electronics segment accounted for the largest market share of 33.0% in 2018, with a market value of USD 1,062.2 million; it is expected to register the highest CAGR of 14.8% during the forecast period. The government & law enforcement segment was the second-largest market in 2018, valued at USD 562.9 million; it is projected to exhibit a CAGR of 13.4%. The consumer electronics application dominates the market in the coming years due to the rise in demand for these types of sensors in consumer devices such as smartphones, tablets, laptops, and notebooks. Additionally, consumer IoT devices are expected to drive the market during the forecast period. Area and touch sensors are widely used in consumer electronics as they offer a high degree of convenience and accuracy, thereby capturing a larger market share. The fingerprint sensors in the smartphone are mounted in different locations. Major mounting locations include - front, rear, and even side-mounted fingerprint sensors, which are known as capacitive sensors. The growing trend of bezel-less screens feature, using OLED display, in smartphones has led the manufacturers to develop high-end in-display fingerprint sensors technology that occupies less space. This in-display fingerprint sensor will be incorporated in OLED displays using optical or ultra-sonic sensor technology. Hence, the adoption of in-display fingerprint sensors is expected to fuel the demand for ultrasonic and optical in-display fingerprint sensors.

The global fingerprint sensor market, by region, has been segmented into North America, Europe, Asia-Pacific, rest of the World. Asia-Pacific accounted for the largest market share of 46.8% in 2018, with a market value of USD 1,505.2 million; the market is expected to register the highest CAGR of 15.4% during the forecast period. North America was the second-largest market in 2018, valued at USD 772.8 million; the market is projected to exhibit a CAGR of 9.0%.