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The global fingerprint sensor market attained a value of about USD 5.59 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 15.8% to reach nearly USD 20.94 billion by 2032.
Base Year
Historical Year
Forecast Year
Global Fingerprint Sensor Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 5.59 |
Market Size 2032 | USD Billion | 20.94 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 15.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 17.5% |
CAGR 2024-2032 - Market by Country | China | 16.8% |
CAGR 2024-2032 - Market by Country | UK | 16.4% |
CAGR 2024-2032 - Market by Type | FAP 30 | 18.3% |
CAGR 2024-2032 - Market by End Use | Government and Law Enforcement | 16.2% |
Market Share by Country 2023 | Germany | 5.5% |
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The onset of the coronavirus outbreak has led to a spike in online consumers as the global population stayed indoors to contain the virus. As a result, there is a rise in consumer electronics. With these devices come the requirement of authentication and the use of fingerprint sensors for security purposes and the safety of the content in these devices. This has boosted the fingerprint sensor industry. Further, as people now prefer contactless mode of payments to safeguard against COVID-19, the demand for fingerprint sensor is increasing. Emerging trends toward IoT based biometric technology and mounting adoption of in-display fingerprint sensors in smartphones are expected to create lucrative opportunities in the industry. In short, with digitalisation there is a boom in the market of fingerprint sensor.
Fingerprint sensor basically is a sub-division of biometric authentication, which mainly caters to the security purposes for various domains and industries. Since everyone has a different ridge of fingers, a fingerprint is unique and durable over a person’s lifetime, due to which it plays a vital role in security of critical information.
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The industry is divided on the basis of types into:
On the basis of end uses, the industry is segmented into:
The EMR report looks into the regional markets of fingerprint sensor like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
China | 16.8% |
UK | 16.4% |
Mexico | 16.4% |
USA | 16.2% |
Saudi Arabia | 14.9% |
Canada | XX% |
Germany | 14.8% |
France | XX% |
Italy | XX% |
Japan | XX% |
India | XX% |
Australia | XX% |
Brazil | XX% |
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With innovation and more user-friendly forms of the fingerprint sensor, the industry is further growing. There is growth in various end use sectors, which utilises different forms of fingerprint biometrics, consequently aiding the market growth. The sectors like government agencies, which are using fingerprint sensor, find it hassle-free and convenient with less paperwork and better results, thereby providing impetus to the market growth. Further, the widespread use of fingerprint sensor-based biometric systems by governments and law enforcement agencies for improving security is strengthening the market growth. Moreover, the growing adoption of biometric-based time and attendance systems in corporate and government organisations for measuring hours of service for workers and productivity, supports the market growth. With the government shifting towards biometric ID program, which will help to maintain privacy and safety of the citizens, the market for fingerprint sensor is expected to rise over the forecast period.
The report presents a detailed analysis of the following key players in the global fingerprint sensor market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global fingerprint sensor market attained a value of more than USD 5.59 billion.
The market is projected to grow at a CAGR of 15.8% between 2024 and 2032.
The widespread use of fingerprint sensor-based biometric systems by governments and law enforcement agencies, the growing adoption of biometric-based time and attendance systems in corporate and government organisations, and the shift towards biometric ID programs are the major drivers of the market.
The key trends guiding the market growth include rapid technological advancements and the development of more user-friendly forms of fingerprint sensors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of fingerprint sensor include FAP 10, FAP 20, and FAP 30.
The various end uses of fingerprint sensor are banking and finance, government and law enforcement, and commercial, among others.
The key players in the market are Apple Inc., Egis Technology Inc., IDEMIA, Synaptics Incorporated, and Thales Group, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 20.94 billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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