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Fingerprint Sensors Market Technological Advancements, Evolving Industry Trends and Insights

Presently, the biggest fingerprint sensors market trend is in-display sensors, which are being increasingly used in smartphones. Consumer electronics companies are taking such measures to reduce the bezel size and make the screens bigger, which also gives the devices a modern and sleek look. Thus, with the burgeoning sales of smartphones around the world, especially in developing countries, the competition in this industry is increasing. Thus, to gain an edge over their competitors and distinguish their products from others’, companies are integrating in-display sensors and other unique features.

The key factors responsible for the growth of the fingerprint sensors market are the increasing installation rate of such instruments in consumer electronic devices and their rising demand in the government sector. Due to these reasons, the market revenue, which was $3.8 billion in 2019, is predicted to witness a 13.6% CAGR during 2020–2030 (forecast period). Since every person has a unique set of fingerprints, a fact known since at least the 6th century BC, they are an effective tool to establish and confirm someone’s identity.



A key opportunity for the market players is electronic payment cards integrated with chips containing people’s biometric information. The BFSI sector deals with one of the highest incidences of frauds, which, more often than not, end up costing millions. Thus, to protect people’s money from identity thieves, credit and debit cards are being equipped with fingerprint sensors and a chip that carries the digital form of the fingerprint. When the card is inserted into the swipe machine, the user must scan their finger on the card sensor to confirm their identity.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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