Executive Summary

The global Silicon-Based Fingerprint Sensors market is expected to grow at a significant rate over the next few years. The market is being driven by the increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors. The market for silicon-based fingerprint sensors is expected to reach USD 13.9 billion by 2024, at a CAGR of 15.3% from 2019 to 2024.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global Silicon-Based Fingerprint Sensors market is expected to grow at a significant rate over the next few years.
• The market is being driven by the increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors.
• The market for silicon-based fingerprint sensors is expected to reach USD 13.9 billion by 2024, at a CAGR of 15.3% from 2019 to 2024.
• Asia-Pacific is expected to dominate the market, due to the increasing adoption of smartphones and other mobile devices in the region.
• The major players in the market include Synaptics, Fingerprint Cards AB, Goodix, Egis Technology Inc., and CrucialTec.

Market Analysis

The global Silicon-Based Fingerprint Sensors market is being driven by the increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors. The market for silicon-based fingerprint sensors is expected to reach USD 13.9 billion by 2024, at a CAGR of 15.3% from 2019 to 2024.

The market for silicon-based fingerprint sensors can be segmented by type, technology, and application. By type, the market can be segmented into swipe sensors, area sensors, and touch sensors. By technology, the market can be segmented into capacitive, optical, and thermal. By application, the market can be segmented into mobile devices, access control systems, time and attendance systems, and others.

Mobile devices are expected to dominate the market, due to the increasing adoption of smartphones and other mobile devices for biometric authentication. The market for silicon-based fingerprint sensors in mobile devices is expected to reach USD 8.5 billion by 2024, at a CAGR of 16.2%

The increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors is one of the major drivers of the Silicon-Based Fingerprint Sensors market. The use of biometric authentication provides a high level of security and accuracy, which is essential in these sectors.

Another driver of the market is the increasing adoption of mobile devices. With the increasing use of mobile devices, the demand for fingerprint sensors is also increasing, as these devices are becoming the primary mode of communication and transactions for many people.

Moreover, the increasing adoption of Internet of Things (IoT) devices is also driving the market for silicon-based fingerprint sensors. IoT devices require secure authentication to ensure the safety of data and systems, which can be achieved through the use of biometric authentication.

Market Restraints

The high cost of silicon-based fingerprint sensors is one of the major restraints of the market. While the cost of fingerprint sensors has decreased over the years, it still remains relatively high compared to other forms of authentication.

Another restraint is the complexity of integrating fingerprint sensors into devices. The integration process requires significant expertise and resources, which can be a challenge for some manufacturers.

Market Opportunities

The increasing adoption of biometric authentication in emerging economies presents a significant opportunity for the Silicon-Based Fingerprint Sensors market. With the increasing use of mobile devices and the growing demand for secure authentication, the market for fingerprint sensors is expected to grow in these regions.

Moreover, the development of new technologies such as flexible sensors and advanced algorithms presents an opportunity for the market to innovate and improve the performance and functionality of fingerprint sensors.

Market Dynamics

The Silicon-Based Fingerprint Sensors market is highly dynamic and competitive. The market is characterized by intense competition among players, with each player striving to develop new and innovative products to gain a competitive edge.

The market is also influenced by various factors such as technological advancements, changing consumer preferences, and government regulations. The market players need to keep up with these factors to remain competitive and to ensure sustainable growth.

Regional Analysis

Asia-Pacific is expected to dominate the Silicon-Based Fingerprint Sensors market, due to the increasing adoption of smartphones and other mobile devices in the region. The growing use of biometric authentication in various applications such as banking, healthcare, and government sectors is also driving the market in the region.

North America and Europe are also expected to contribute significantly to the market, due to the high adoption of biometric authentication in these regions. The market in these regions is being driven by the increasing demand for secure authentication in various applications such as access control systems, time and attendance systems, and others.

Competitive Landscape

Leading companies in the Silicon-Based Fingerprint Sensors Market:

1. Synaptics Incorporated
2. Fingerprint Cards AB
3. Goodix Ltd.
4. Egis Technology Inc.
5. CrucialTec Co., Ltd.
6. IDEX Biometrics ASA
7. Next Biometrics Group ASA
8. Apple Inc.
9. Qualcomm Technologies, Inc.
10. IDEMIA

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Report Segmentation

The Silicon-Based Fingerprint Sensors market can be segmented based on type, technology, application, and region.

By Type:

• Swipe sensors
• Area sensors
• Touch sensors

By Technology:

• Capacitive
• Optical
• Thermal

By Application:

• Mobile devices
• Access control systems
• Time and attendance systems
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South America

Category-wise Insights

Mobile devices are expected to dominate the Silicon-Based Fingerprint Sensors market, due to the increasing adoption of smartphones and other mobile devices for biometric authentication. The market for silicon-based fingerprint sensors in mobile devices is expected to reach USD 8.5 billion by 2024, at a CAGR of 16.2%.

Capacitive technology is expected to dominate the market, due to its high accuracy and reliability. The market for capacitive silicon-based fingerprint sensors is expected to reach USD 11.2 billion by 2024, at a CAGR of 15.9%.

Key Benefits for Industry Participants and Stakeholders

The Silicon-Based Fingerprint Sensors market provides several benefits to industry participants and stakeholders. These benefits include:

• High accuracy and reliability: Silicon-based fingerprint sensors provide a high level of accuracy and reliability, which is essential in applications such as banking, healthcare, and government sectors.
• Secure authentication: Biometric authentication provides a high level of security, which is essential in today’s world where data breaches and cyber-attacks are becoming increasingly common.
• Cost-effectiveness: Silicon-based fingerprint sensors are cost-effective compared to other forms of authentication, making them an attractive option for manufacturers.
• Innovation and growth opportunities: The Silicon-Based Fingerprint Sensors market presents several opportunities for innovation and growth, with the development of new technologies such as flexible sensors and advanced algorithms.

SWOT Analysis

Strengths:

• High accuracy and reliability
• Secure authentication
• Cost-effectiveness
• Growing demand for biometric authentication

Weaknesses:

• High cost of integration
• Complexity of integration process

Opportunities:

• Increasing adoption of biometric authentication in emerging economies
• Development of new technologies such as flexible sensors and advanced algorithms

Threats:

• Intense competition among players
• Government regulations

Market Key Trends

The Silicon-Based Fingerprint Sensors market is being influenced by several key trends, including:

• Increasing adoption of mobile devices for biometric authentication
• Development of new technologies such as flexible sensors and advanced algorithms
• Growing demand for biometric authentication in various applications such as banking, healthcare, and government sectors
• Integration of fingerprint sensors into IoT devices

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the Silicon-Based Fingerprint Sensors market. With the increased emphasis on contactless technologies, the demand for biometric authentication has increased, leading to an increase in the demand for fingerprint sensors.

Moreover, the pandemic has led to an increase in remote working and online transactions, which has further increased the demand for secure authentication solutions.

However, the pandemic has also led to supply chain disruptions and a slowdown in manufacturing activities, which has affected the growth of the market.

Key Industry Developments

• In August 2021, Fingerprint Cards AB announced the launch of a new generation of fingerprint sensors for mobile devices.
• In June 2021, Egis Technology Inc. announced the launch of a new ultra-thin fingerprint sensor for smartphones.
• In March 2021, Goodix announced the launch of a new fingerprint sensor with a built-in heart rate monitor.

Analyst Suggestions

Analysts suggest that the Silicon-Based Fingerprint Sensors market is expected to grow at a significant rate over the next few years, driven by the increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors.

Moreover, the development of new technologies such as flexible sensors and advanced algorithms presents an opportunity for the market to innovate and improve the performance and functionality of fingerprint sensors.

Future Outlook

The Silicon-Based Fingerprint Sensors market is expected to continue to grow at a significant rate over the next few years. The market is being driven by the increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors.

Moreover, the development of new technologies such as flexible sensors and advanced algorithms presents an opportunity for the market to innovate and improve the performance and functionality of fingerprint sensors.

Conclusion

The Silicon-Based Fingerprint Sensors market is a growing market with significant opportunities for industry participants and stakeholders. The increasing demand for biometric authentication in various applications such as banking, healthcare, and government sectors is driving the market, and the market is expected to reach USD 13.9 billion by 2024, at a CAGR of 15.3% from 2019 to 2024.

The market for silicon-based fingerprint sensors can be segmented by type, technology, and application. Mobile devices are expected to dominate the market, due to the increasing adoption of smartphones and other mobile devices for biometric authentication. Capacitive technology is expected to dominate the market, due to its high accuracy and reliability.