Screen Fingerprint Sensor Market REPORT OVERVIEW
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The global screen fingerprint sensor market size was USD 2784.9 million in 2021. As per our research, the market is expected to reach USD 10435.77 million by 2027, exhibiting a CAGR of 24.63% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with screen fingerprint sensor experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s demand returning to pre-pandemic levels.
A screen fingerprint sensor, also known as an in-display fingerprint sensor, is an advanced biometric authentication technology integrated beneath the display of smartphones and other devices. This innovation allows users to unlock their devices, authorize secure transactions, and access protected data by simply placing their registered finger on a designated area of the screen. Unlike traditional fingerprint sensors, screen fingerprint sensors eliminate the need for external buttons or sensors, providing a seamless and secure means of user identification.
These sensors use optical or ultrasonic technology to capture and compare fingerprint data, offering enhanced security, user convenience, and a sleek device design. While screen fingerprint sensors have become increasingly popular due to their convenience and aesthetics, the technology's performance can vary among devices. Advancements in this technology have improved reliability, durability, and security, making it an integral part of modern smartphones and other electronic devices.
COVID-19 IMPACT: Increased Demand for Smartphones and Devices to Boost Demand Significantly
COVID-19 had a life changing impact globally. The screen fingerprint sensor market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for screen fingerprint sensor experienced an increased demand.
Economic uncertainties during the pandemic affected consumer spending patterns. Some consumers may have delayed upgrading their devices or purchasing new ones, impacting the adoption of screen fingerprint sensor technology. Increased demand for touchless biometric authentication led to intensified competition among biometric technologies, including face recognition and iris scanning. This competition could impact the market and adoption of screen fingerprint sensors.
The pandemic accelerated the adoption of remote work, online learning, and telehealth, leading to an increased demand for smartphones, tablets, and other devices. Many of these devices incorporated screen fingerprint sensors as a secure and convenient method for user authentication. With more people relying on e-commerce, mobile banking, and online services during lockdowns, the need for secure user authentication methods became crucial. Screen fingerprint sensors played a role in ensuring secure access to digital services and facilitating secure transactions from the comfort of one's home. The market is anticipated to boost the screen fingerprint sensor market growth following the pandemic.
LATEST TRENDS
"Under-Display Ultrasonic Sensors to Broaden Market Prospects"
Ultrasonic fingerprint sensors were becoming more prevalent in premium smartphones. These sensors use ultrasonic waves to create a detailed 3D map of the user's fingerprint, making them more secure and accurate, even in challenging conditions such as wet or dirty fingers. Manufacturers were expanding the recognition area of screen fingerprint sensors to cover a larger portion of the screen, providing users with more flexibility and convenience when placing their finger for authentication.
Manufacturers were implementing advanced security features, including anti-spoofing mechanisms and liveness detection, to protect against fraudulent attempts to use fake fingerprints or photos for authentication. Some devices were allowing users to register multiple fingerprints, increasing convenience for users who prefer to use different fingers for different situations. Screen fingerprint sensors were being integrated with other sensors, such as heart rate monitors, to enable additional features and biometric measurements in a single device.
Screen Fingerprint Sensor Market SEGMENTATION
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- By Type
Based on type, the market is divided into Swipe Sensors and Area Sensors.
Swipe Sensors holds a major segment by type of the global market.
- By Application
Based on application, the market is bifurcated into Notebooks, Physical Access Control, and Wireless Devices.
Notebooks as application holds a major segment by application of the global market.
DRIVING FACTORS
"Enhanced Security to Boost Market Demand"
Screen fingerprint sensors offer a high level of security for user authentication. The ability to create a detailed 3D map of a user's fingerprint, especially with ultrasonic sensors, makes it difficult for unauthorized individuals to bypass the security. Screen fingerprint sensors provide a convenient and quick way for users to unlock their devices or authenticate themselves without the need for PINs, passwords, or external hardware sensors. Integrating the fingerprint sensor beneath the screen allows for a more seamless and aesthetically pleasing device design. It eliminates the need for physical buttons or sensors on the device's exterior.
"User Experience to Boost Market Flux"
These sensors offer a seamless and intuitive user experience. Users can place their finger on the screen naturally without needing to locate a specific sensor or button. Screen fingerprint sensors can be used for various applications, including device unlocking, secure app access, mobile payments, and more, making them versatile for a wide range of user needs. Consumer preferences for biometric authentication methods have driven device manufacturers to adopt screen fingerprint sensor technology, responding to the demand for secure and convenient user authentication. These factors are anticipated to drive the screen fingerprint sensor market share.
RESTRAINING FACTORS
"Performance Variability to Hamper Market Necessity"
The performance of screen fingerprint sensors can vary among devices and manufacturers. Some sensors may be less accurate or slower than others. Screen fingerprint sensors, particularly optical sensors, can be susceptible to wear and tear over time. Scratches, cracks, or damage to the screen may affect sensor performance. The rapid pace of technological advancements means that newer and more advanced biometric authentication methods, such as facial recognition or iris scanning, are competing with screen fingerprint sensors.
Screen Fingerprint Sensor Market REGIONAL INSIGHTS
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"Asia Pacific Dominates the Market Owing to Technological Innovation"
Asia Pacific is the major shareholder for the screen fingerprint sensor market share. Asia-Pacific is a major hub for electronic device manufacturing. Many of the world's leading smartphone and consumer electronics manufacturers are based in this region or have their production facilities there. This proximity to manufacturing facilities enables easy integration of screen fingerprint sensors into devices. Asian companies have been at the forefront of technological innovation in the mobile and consumer electronics industry. They have invested heavily in research and development, leading to the development of advanced screen fingerprint sensor technology.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Synaptics Incorporated [U.S.]
- IDEX ASA [Norway]
- FUJITSU [Japan]
- NEXT Biometrics Group [Norway]
- Microchip Technology [U.S.]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2784.9 Million in 2021 |
Market Size Value By |
US$ 10435.77 Million by 2027 |
Growth Rate |
CAGR of 24.63% from 2021 to 2027 |
Forecast Period |
2021-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the screen fingerprint sensor market expected to touch by 2027?
The global screen fingerprint sensor market is expected to reach USD 10435.77 million by 2027.
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What CAGR is the screen fingerprint sensor market expected to exhibit by 2027?
The screen fingerprint sensor market is expected to exhibit a CAGR of 24.63% by 2027.
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Which are the driving factors of the Screen Fingerprint Sensor market?
Enhanced Security and User Experience are drivers of this market.
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Which are the top companies operating in the Screen Fingerprint Sensor market?
Synaptics Incorporated, IDEX ASA, FUJITSU, NEXT Biometrics Group, Microchip Technology are key companies operating in the Screen Fingerprint Sensor market.