Embedded Fingerprint Module Market Size, Share, Growth, and Industry Analysis by Type (Capacitive Fingerprint Module, Optical Fingerprint Module. And Ultrasonic Fingerprint Module) By Application (Mobile Phone & Table Fingerprint Locks, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Embedded Fingerprint Module Market Report Overview

• 
• Request a Free sample to learn more about this report

The global embedded fingerprint module market size is predicted to value at USD 4248.6 million in 2022 and is projected to touch USD 5690.53 million by 2031, exhibiting a Compound annual growth rate (CAGR) of 3.3% during the forecast period.

In terms of personal identification, fingerprints are one of the most reliable and widely used methods. It is, however, tedious, inaccurate, time-consuming, and costly to authenticate fingerprints manually, so it does not meet the performance needs of today. There is a great need for an automatic fingerprint authentication system since criminal identification, access control, and ATM card verification, among other applications, rely heavily on it.

Biometric recognition techniques have rapidly developed, making fingerprint recognition a significant topic. Based on the physiological characteristics of the finger, fingerprint recognition identifies a person. Currently, most recognition systems are PC-based, which consumes a lot of power and has limited mobility. The newly developed civil application market, however, demands more portability and convenience from the system. As a result, miniaturization and embedding of systems for automatic fingerprint identification have become increasingly prominent. High mobility, low power consumption, high speed, and high accuracy are the characteristics of the embedded recognition system.

A fingerprint reader embedded in your product or application includes all the hardware, software, functionality, and communication ports required for seamless integration.

In addition to employee time and attendance systems, self-service kiosks, ATMs, card readers, safes, weapons, mobile phones, and more, embedded fingerprint modules allow fingerprint recognition to be incorporated into a wide range of applications.

COVID-19 Impact: Halt on Semiconductors & Electronics to Hamper Market

As a result of the COVID-19 pandemic, the society and overall economy are being affected across the globe. The impact of this outbreak is growing day by day, and the supply chain is also being affected. As a result, the stock market is unsure, business confidence is falling, the supply chain is severely slowed, and customers are panicking. There is a significant decline in the embedded fingerprint module market growth rate across various countries worldwide as a result of partial or complete lockdowns. As industries were temporarily shut down, maintenance requirements were reduced. The lockdown had caused major smartphone companies such as Samsung, Oppo, Vivo, and Xiaomi to halt their production. Various lockdown restrictions in APAC have eased recently, which will benefit the embedded fingerprint module market in the near term. The consumer electronics industry has evolved into a necessity instead of a luxury, which includes products such as smartphones and smart homes. A global supply chain disruption, including in China, which is the major hub of OEMs in this segment, impacted the production of wearables, laptops, desktops, and other appliances. Consumers, however, are adopting smartphones and other gadgets at higher rates, which is driving the embedded fingerprint module market growth.

Latest Trends

"Increase in the Demand for Capacitive Fingerprint Module to Drive the Market Growth "

The low cost and high consumer acceptance of capacitive sensors make them the leading technology in the embedded fingerprint module market. Mobile and portable devices can use capacitive sensors because they are compact. A few of the emerging applications of capacitive fingerprint sensors are biometric smartcards, vehicle scanners, and smart locks, which would further stimulate the market for capacitive sensors.

Embedded Fingerprint Module Market Segmentations

• 
• Request a Free sample to learn more about this report

• By Type

The market is classified into capacitive fingerprint module, optical fingerprint module, and ultrasonic fingerprint module based on type. The capacitive fingerprint module segment will lead the embedded fingerprint module market share throughout the forecast period.

• By Application

The market is classified into mobile phone & tablet, fingerprint locks, and others on the basis of application. The mobile phone & tablet segment will lead the embedded fingerprint module market share throughout the forecast period.

Driving Factors

"Use of Fingerprint Sensors in Consumer Electronic Devices for Biometric Authentication to Drive the Market Growth"

In addition to maintaining employee attendance and overcoming online and offline scam challenges, biometric recognition has become an essential part of security measures. Biometric authentication has thus become a necessity; therefore, smartphones, tablets, PCs, notebooks, wearable devices, and so on, all rely on this technology. Secure transactions are ensured with biometric authentication techniques like fingerprint sensing, facial recognition, and iris scanning. Mobile devices, such as smartphones and tablets, are rapidly adopting fingerprint sensing technology because of its popularity and unique features, such as the ability to capture individual characteristics such as ridges, valleys, and minutiae.

"Effective Implementation of Biometric Facilities in Offices to Drive the Market Growth"

As biometric systems become more prevalent in enterprises, fingerprint sensors have become more in demand, thereby increase in the demand for embedded fingerprint module market as well. Time and attendance registering systems based on biometric technology have made it easier to track employees' time and attendance. The installation and use of fingerprint-based systems is simple. Data about employees can be tracked and analyzed with the help of these systems. In addition to their ability to prevent employees from logging in for one another, these systems have many other advantages. Previously, time clocks, sign-in sheets, and ID card swipes were used to capture attendance, which were vulnerable to fraud, but fingerprint sensors have substantially reduced fraud. Apart from capturing data, fingerprint systems can also be integrated into payroll software and other programs to calculate employee productivity, work hours, and salary based on attendance. The attendance of many companies, including private and government ones, has been tracked using fingerprint sensors. Using fingerprint sensors at work can help track employee attendance, as well as enhance workplace security. The fingerprint system prevents people who are not registered with the organization from entering the office premises.

Restraining Factors

"Rise in the Cost of Biometric Technologies to Drive the Market Growth"

A major restraint for the market growth is the high development costs of different biometric sensors. Consumers are having difficulty affording sensors due to the cost generated in the overall production process. As a result of the increase in raw material costs, consumers are unable to take advantage of such features. In addition, manufacturers have few options for containing prices due to high R&D expenses.

Embedded Fingerprint Module Market Regional Insights

• 
• Request a Free sample to learn more about this report

"Asia Pacific to Lead in the Market Share Owing to the Rise in Technologies"

The Asia Pacific market is expected to continue to grow at the fastest rate during 2022-2031. Asia's realistic approach to new technology has increased the popularity of latest technologies. Supportive government initiatives will further augment the market growth. India, for example has the largest number of digitally verified identities today with, 1.2 billion Aadhaar users. Fingerprint biometrics will continue to be in demand in Asia Pacific as digital payments gain popularity. These factors will lead to the dominance of Asia Pacific in the global market share.

Key Industry Players

"Leading Players Adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the embedded fingerprint module market.

List of Market Players Profiled

• Ofilm (China)
• Qiutai Technology (China)
• Truly (U.S.)
• HOLITECH (China)
• Primax (Taiwan)
• GIS (U.S.)
• Huizhou Speed (China)
• IDEMIA (Europe)
• HID Global (U.S.)
• Fingerprint Cards (Europe)
• Suprema (South Korea)
• BioEnable (India)
• NEXT Biometrics (Europe)
• Guangdong Ziwenxing (China)
• SecuGen Corporation (U.S.)

REPORT COVERAGE

In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.