Fingerprint Sensor Market Anticipated to Garner $9.41 Billion, at 14.5% CAGR, By 2027, Globally: Allied Market Research


The growth of the global fingerprint sensor market is driven by surge in use of fingerprint sensors for biometric authentication in consumer electronics and emergence of touch less fingerprint technologies.

Wilmington, Delaware, Nov. 02, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Fingerprint Sensor Market By Type and End Use: Global Opportunity Analysis and Industry Forecast, 20202027“. According to the report, the global fingerprint sensor industry garnered $2.93 billion in 2019, and is expected to reach $9.41 billion by 2027, growing at a CAGR of 14.5% from 2020 to 2027. 

Download Research Report Sample & TOC:  

(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis) 

  • 99 – Tables 
  • 66 – Charts 
  • 212 – Pages 

Drivers, Restraints, and Opportunities 

Increase in use of fingerprint sensors for biometric authentication in consumer electronics, surge in the number of identity threats, rise in adoption of biometric authentication in government buildings, and emergence of touch less fingerprint technologies boost the growth of the global fingerprint sensor market.  

However, the high cost associated with biometric technologies and security threats pertaining to biometric databases restrict the growth to some extent. On the other hand, emerging trends toward IoT based biometric technology along with mounting adoption of in-display fingerprint sensors in smartphones are likely to offer lucrative opportunities in the industry. 

The FAP 10 segment to dominate by 2027 

On the basis of type, the FAP 10 segment contributed to nearly two-fifths of the global fingerprint sensor industry share in 2019, and is projected to lead the trail by 2027, due to high usage of FAP 10 in digital payments. Simultaneously, the FAP 30 segment is projected to grow at the fastest CAGR of 18.5% throughout the forecast period. This is due to its ability to scan multiple fingers. 

The Government and Law Enforcement segment to maintain the dominant share 

On the basis of end use, the government and law enforcement segment accounted for nearly one-third of the global fingerprint sensor market revenue in 2019, and is anticipated to dominate by 2027, attributed to increase in safety concerns in government offices. On the other hand, the banking and finance segment would grow at the fastest CAGR of 16.7% throughout the forecast period. This is due to rise in trends toward digital payments. 

Asia-Pacific, followed by North America, garnered the major share in 2019 

Region-wise, Asia-Pacific registered the largest share in 2019, holding nearly half of the global fingerprint sensor market. The same region is expected to grow at the fastest CAGR of 16.2% from 2020 to 2027, owing to high demand for consumer electronics in the region. 

Inquiry Before Buying:  

Key Players in the Industry: 

  • Precise Biometrics 
  • Apple Inc. 
  • SecuGen Corporation 
  • Thales Group 
  • 3M Congent Inc. 
  • Crossmatch 
  • Egis Technology Inc. 
  • HID Global Corporation 
  • Synaptics Incorporated 

Key Benefits For Stakeholders: 

  • This study includes the analytical depiction of the fingerprint sensor market forecast along with the current trends and future estimations to determine the imminent investment pockets. 
  • The report presents information regarding the key drivers, restraints, and opportunities in the fingerprint sensor market analysis.
  • The fingerprint sensor market share is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry. 
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. 

Procure Complete Report (212 Pages PDF with Insights, Charts, Tables, and Figures) @  

Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario): 

Artificial Intelligence Sensor Market is Projected to Reach $103.4 Billion by 2032, growing at a CAGR of 41.8% from 2023 to 2032 

Image Sensor Market is Anticipated to Grow $87.5 Billion by 2032, growing at a CAGR of 12.9% from 2023 to 2032 

Electric Vehicle Sensor Market is Estimated to Attain $37.4 Billion by 2031, growing at a CAGR of 15.1% from 2022 to 2031 

Sensor Market is Expected to Reach $345.77 Billion by 2028, to register a CAGR of 8.9% from 2021 to 2028 

Force Sensor Market is Projected to Hit $3.30 Billion by 2027, registering a CAGR of 5.30% from 2020 to 2027 

Torque Sensor Market is Anticipated to Garner $16.82 Billion by 2026, registering a CAGR of 7.7% from 2019 to 2026 

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 


David Correa 

1209 Orange Street, 
Corporation Trust Center, 
Wilmington, New Castle, 
Delaware 19801 USA. 

Int’l: +1-503-894-6022 
Toll Free: +1-800-792-5285 

UK: +44-845-528-1300 

India (Pune): +91-20-66346060 
Fax: +1-800-792-5285 
[email protected]  

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. takes no editorial responsibility for the same.