From GlobeNewswire: 2025-02-10 09:30:00

The global Fingerprint Sensor Market is projected to reach USD 6.96 billion by 2032, growing at a CAGR of 6.65%. Technological advancements and increased adoption across industries are driving market growth, with AI applications in biometric sensors increasing from 8% to 19% in 2023. Ultrasonic and transparent sensors are enabling innovative device designs, while in-display sensors in smartphones and fingerprint-enabled payment cards are enhancing convenience in the financial sector. The market is also expanding in automotive and smart home security systems, with efforts towards standardization for security and consistency.

Biometric payment solutions are fueling the growth of the fingerprint sensor market, particularly in the financial sector. Biometric payment cards offer secure, contactless transactions without PINs, enhancing convenience. With the rising demand for secure authentication and the growing adoption of biometric payment solutions, the fingerprint sensor market is expanding rapidly, especially in regions like the UAE and Europe.

The fingerprint sensor market is segmented by type, with capacitive sensors accounting for 47% of the market in 2023. Ultrasonic sensors, creating 3D fingerprint images, are expected to grow rapidly. In terms of applications, smartphones and tablets led the market in 2023, with the IoT and other applications segment expected to grow significantly. Asia-Pacific dominated the market in 2023, driven by technological advancements and high smartphone penetration, while North America is forecasted to be the fastest-growing region from 2024 to 2032.

Key players in the Fingerprint Sensor Market include Shenzhen Goodix Technology Co., Ltd., Fingerprints, Synaptics Incorporated, NEXT Biometrics, Novatek Microelectronics Corp., Qualcomm Technologies, Inc., THALES, HID Global Corporation, SecuGen Corporation, IDEMIA, 3M Cogent Inc., Precise Biometrics, EGIS Technology Inc., Crossmatch, OXI Technology, and IDloop. Fingerprint sensor technology is rapidly advancing globally, with companies like Touch Biometrix, Vkansee, ELAN Microelectronics, CMOS Sensor Inc., and ID3 Technologies leading the way. Recent developments include Infineon Technologies’ SECORA™ Pay Bio solution being fully certified by Visa, marking a milestone in secure biometric payment systems. Patent lawsuit rulings between HID Global and Assa Abloy were thrown out due to new terminology.

Market analysis and outlook reports for the fingerprint sensor market cover key points like technology adoption rates, logistics costs, regulatory data, and competitive landscapes. The report delves into fingerprint sensor types, applications, end-user industries, regional analysis, company profiles, use cases, and best practices. SNS Insider offers in-depth market research and consulting services, providing clients with the knowledge needed to thrive in changing market conditions.



Read more at GlobeNewswire: Fingerprint Sensor Market Size to Exceed USD 6.96 Billion