SecurityWorldMarket

30/05/2024

Fingerprint sensor market driven by ID threat risk

Northbrook, Il (USA)

The fingerprint sensor market is projected to grow from USD 4.2 billion in 2024 and is expected to reach USD 5.9 billion by 2029, growing at a CAGR of 7.0% from 2024 to 2029. This latest information comes from the analysts at Marketsandmarkets, who suggest that a rise in the number of identity threats is one of the key factors leading to the stronger emergence of fingerprint technologies. Identity theft refers to the illegal acquisition of an individual's personal or financial details to perpetrate fraud, including unauthorised transactions. It occurs through various methods and inflicts harm on victims' credit, finances, and reputation.

Area & touch sensors is the segment expected to witness a higher CAGR during the forecast period in the fingerprint sensor market. These sensors activate upon physical contact with an object or individual and are more sensitive compared to traditional buttons or manual controls. They provide users with a seamless and responsive experience, making them ideal for modern electronic devices where sleek design and user convenience are paramount.

The 2D technology is more popular for OEMs due to affordability

2D sensor technology captures a person's fingerprint pattern, including ridges and valleys, in two dimensions using a single plane of lasers to measure the X and Y dimensions. This technology is primarily utilised for detection and ranging tasks. Due to its affordability, 2D sensor technology remains popular among OEMs, especially in mobile devices requiring compact sensors to meet the preferences of end users. Key players such as Synaptics Incorporated (US), Fingerprints (Sweden), and Shenzhen Goodix Technology Co., Ltd. (China) offer 2D sensors for various consumer electronics and applications.

Ultrasonic sensors expected to witness most growth

Ultrasonic fingerprint sensors utilise sound waves to penetrate the outer layers of the skin, enabling the capture of three-dimensional (3D) details and distinct fingerprint characteristics like ridges and sweat pores. Unlike current capacitive touch-based fingerprint technologies, ultrasonic sensors can read both the epidermal and dermal layers of the skin, allowing for the capture of fine details. Consequently, these sensors can accurately read wet fingers or those with ruptured or damaged skin. The continuous advancements in sensing technology are expected anticipated to propel the growth of the ultrasonic fingerprint sensor market. In January 2022, Vivo (China) announced the 1000 9 Pro smartphone with Qualcomm's 3D Sonic Max ultrasonic fingerprint sensor. The new smartphone is based on Snapdragon 8 Gen 1 processor. The Qualcomm 3D Sonic Max in the IQ00 9 Pro enables a super-fast one-tap fingerprint registration process.

US Homeland Security department actively promoting use of biometrics 

North America is driven by the increasing adoption of biometric authentication across various sectors, particularly consumer electronics, government, and commercial domains. The US Department of Homeland Security (DHS) has been actively promoting the use of biometric technologies, including fingerprint sensors, for enhancing border security and immigration processes. The DHS's Biometric Entry-Exit Program has facilitated the deployment of fingerprint scanners at various ports of entry, contributing to the market's growth in the region. Marketsandmarkets found that according to November 2023 statistics by US Department of Homeland Security (DHS), 1,018,349 persons obtained lawful permanent resident status in year 2022 compared to 740,002 persons in 2021, which is 37.6% y-o-y increase.

Key players

Leading players in this market and mentioned in the new report include, Shenzhen Goodix Technology Co., Ltd,  Fingerprints, Synaptics Incorporated, Apple Inc, Egis Technology Inc, Crucialtec, Next Biometrics, Novatek Microelectronics Corp, Qualcomm Technologies, Q Technology, Vicharak, Invixium, M2sys Technology, Parallax Inc, Mantra Softech India Pvt Ltd, CMOS Sensor Inc, Elan Microelectronics Corp, Focaltech Systems Co Ltd, ID3 Technologies, Idex Biometrics, Japan Display Inc, Qxi Technology, Sonavation Inc, Touch Biometrics, and Vkansee amongst a few others. 


Tags


Product Suppliers
Back to top