1. Home
  2. > ICT
  3. > IT Hardware
  4. > Security Systems Market Trends
Fingerprint Sensors Market - Growth, Trends, and Forecast (2020 - 2025)

Fingerprint Sensors Market - Growth, Trends, and Forecast (2020 - 2025)

  • February 2020
  • 148 pages
  • ID: 5867456
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The fingerprint sensors market was valued at USD 3.12 billion in 2019 and is expected to reach USD 8.51 billion by 2025, at a CAGR of 18.2% over the forecast period 2020 - 2025. Fingerprint sensors have not only made to the mainstream identification practices but have wholly replaced traditional methods of identification in some areas. Governments in many countries have adopted this technology to secure borders, identify citizens and maintain law and order, while private organizations are leveraging it to safeguard their physical and virtual resources, access control, employee attendance and basically wherever it is possible to deploy it.

- Various service providers are looking to leverage this tiny piece of hardware for customer identity authentication. Many Banking and finance companies have already integrated their services to take advantage of fingerprint authentication on smartphones.
- Though biometrics has made swift progress in terms of technology and adoption rate, there is still a long way to go. Recognition systems have their limitation, and there are still shortcomings that need to be fixed. Research is continuously underway to address inadequacies in current biometric recognition systems.
- Moreover, the hardware is getting cheaper due to growing adoption rate and economy of scale. Both of these factors are going to affect the growth of biometric systems positively. As biometric systems improve, the adoption rate grows, and as the adoption rate increases, biometric hardware is set to become further inexpensive due to the economy of scale.
- Deployment of fingerprint sensors has mainly seen growth due to implementation at workplaces, banking, retail, and financial services. Fingerprint biometrics making its way to mobile devices has also helped increase user awareness, helping it pose as fast and user-friendly technology. Being inexpensive and easy to deploy, fingerprint sensors have grabbed the most attention among all biometric methods of recognition.

Key Market Trends
Smartphones in Consumer Electronics to Hold Major Share

- The fingerprint sensors demand in consumer electronics is expected to witness significant growth over the forecast period on account of the increasing demand for biometric technology for access management. Increasing application of biometrics for better security has also emerged as one of the significant growth drivers in this market.
- Rising demand for convenience, availability, and reachability of embedded biometrics is expected to be another significant factor in driving the adoption of fingerprint sensors in consumer electronics. Integration of biometrics with consumer electronics, coupled with its high cost, is expected to have a negative impact on growth.
- Smartphones have witnessed an increasingly growing trend in this technology over the past five years. The technology has moved towards user-friendliness and also became much more affordable for consumers. This technology has been leveraged to facilitate online transactions, authentication, and many other services.
- The market has driven the attention of the smartphone manufacturers after the launch of iPhone 5S, which had a TouchID capacitive technology. Since then, many other next-generation smartphones have incorporated fingerprint sensors that have been attracting the customers.
- The market studied has seen various technological developments in smartphones from a separate fingerprint scanner to an in-display fingerprint scanner. Vivo, a Chinese Smartphone brand, was the first to implement in-display fingerprint.
- It is anticipated that many of the big Android phone manufacturers such as One Plus, Vivo, Samsung, Oppo, Xiaomi, especially in Asia-Pacific region, plans to stick with fingerprint ID as the primary biometric entry point for the next two years.
- The rapid growth of the consumer electronics market complemented with the change in consumer preference for new technologies with personalized experience is driving the adoption of the fingerprint sensors in the smartphones.

Asia-Pacific to Witness Highest Growth

- Owing to the increasing usage of biometric devices across various organizations, increasing use of wearable devices and growing security and safety concerns, the fingerprint sensors market in Asia-Pacific region is anticipated to grow over the forecast period.
- Growing mobile transaction in countries, such as India and China is expected to be one of the significant drivers for the mobile biometrics market in the region.
- China is witnessing a high mobile transactional volume, which is expected to create a demand for authentication solutions, such as biometrics. For instance, as of October 2017, the mobile payment was recorded at CNY 81 trillion as compared to CNY 58.8 trillion in 2016.
- The emergence of this technology has also attracted some of the governments in the region to adopt and get the benefits of the fingerprint sensors. One of the recent projects of biometric was the Indian Aadhar, national ID project which was registered with fingerprint and iris recognition. Bangladesh rolled out their biometric smart ID program recently using 10 fingerprint scan.

Competitive Landscape
The key players in the fingerprint sensors market are focusing on product development & enhancement as well as merger & acquisitions, collaborations, partnerships and joint ventures to gain significant share in the market. These companies are increasing participation through partnerships and new product launches in order to expand their operations and offerings to better target potential customers.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client’s requirements
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Passwordless Authentication Market by Offering, Motility, Authentication Type, End-Use Industry and Region - Global Forecast to 2027

  • $ 4950
  • November 2022
  • 306 pages

The global passwordless authentication market size is estimated to be USD 6.6 billion in 2022 and is projected to reach USD 21.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 26.2% during ...

  • World
  • APAC
  • Biometrics
  • Financial Services
  • Industry analysis
  • Mobile Phone Penetration
  • Biometrics Adoption


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on