Fingerprint Sensors Market by Type (Swipe, Area & Touch) Application (Mobile Devices, Travel & Immigration, Government, Military & Defense, Banking & Finance) and Geography - Global Forecast to 2022

The fingerprint sensors market is expected to reach USD 8.85 Billion by 2022, at a CAGR of 18.9% between 2016 and 2022.

The factors which are driving the growth of market include government initiatives to adopt biometrics in various fields, increasing penetration of fingerprint sensors in mobile devices, growing adoption of mobile commerce, and increase in the usage of biometrics systems in criminal identification. The banking & finance industry and IoT provide ample opportunities for fingerprint sensors.

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The major players in the fingerprint sensors market include Apple Inc. (U.S.), Fingerprint Cards AB (Sweden), Synaptics Inc. (U.S.), Goodix Ltd. (China), Egis Technology Inc. (Taiwan), Silead Inc. (China), IDEX ASA (Norway), Safran Identity & Security (France), Thales SA (France), Suprema Inc. (South Korea), Dermalog Identification Systems GmbH (Germany), Crossmatch (U.S.), NEC Corp. (Japan), and 3M Cogent Inc. (U.S.).

The mobile devices/consumer application is expected to dominate the fingerprint sensors market during the forecast period. The growing security concerns and increasing mobile payment platforms such as Samsung Pay, Apple Pay, ZTE Pay, Alipay, and WeChat Pay further drive the growth of this segment. The growing penetration of fingerprint sensors in smartphones, laptops, tablets, smart watches, smart bands, and other consumer electronics fuels the growth of the fingerprint sensors market in this segment.

Capacitive & RF capacitive fingerprint sensors are expected to lead market by 2022. Most of the OEMs prefer to embed fingerprint scanners based on capacitive & RF capacitive sensing technology in their phones owing to the compactness of the sensor and greater accuracy. For example, Apple started implementing capacitive sensors in its all iPhones starting with iPhone 5s.

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“Mobile device expected to hold a major share of the fingerprint sensors market during the forecast period“

Mobile devices are expected to lead the fingerprint sensors market between 2016 and 2022. This growth is attributed to the increasing demand for more secure mobile devices, growing security concerns, rise in mobile payments and mobile payment platforms such as Samsung Pay, Apple Pay, Alipay, and WeChat Pay among others.

“Banking & finance expected to grow at the highest CAGR between 2016 and 2022”

The increased adoption of biometric products and cards in the banking & finance application is expected to spur the growth of the market in this segment. In June 2015, IDEX ASA (Norway) entered into a strategic partnership with a global payments company for the development of a worldwide biometric payment card program. Such developments are expected to drive the biometric payment cards market during the forecast period.