PUBLISHER: The Business Research Company | PRODUCT CODE: 1503864
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503864
An optical fingerprint sensor functions as a biometric tool that captures fingerprint images by utilizing light-sensitive technology, typically employing an array of light-emitting diodes (LEDs) and photodiodes. This process involves illuminating the fingerprint surface and recording the reflected light patterns, which are subsequently analyzed to extract distinctive fingerprint characteristics for identification or authentication purposes.
The key components utilized in optical fingerprint sensors include photodiodes, charged coupled devices, complementary metal-oxide-semiconductor (CMOS) optical imagers, cover plates, and lenses. Photodiodes, for instance, serve as semiconductor devices converting light into electrical current, playing a crucial role in accurately capturing fingerprint images within these sensors. These technologies encompass electro-optical imaging and multi-spectral imaging, finding applications across various sectors such as consumer electronics, military and defense, banking and finance, telecommunications, government agencies, healthcare, smart homes, and commercial security.
The optical fingerprint sensor market research report is one of a series of new reports from The Business Research Company that provides optical fingerprint sensor market statistics, including optical fingerprint sensor industry global market size, regional shares, competitors with a optical fingerprint sensor market share, detailed optical fingerprint sensor market segments, market trends and opportunities, and any further data you may need to thrive in the optical fingerprint sensor industry. This optical fingerprint sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The optical fingerprint sensor market size has grown rapidly in recent years. It will grow from $1.97 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The expansion observed in the historical period can be ascribed to concerns surrounding security, integration with mobile devices, cost reduction efforts, consumer preferences for convenience, and mounting apprehensions regarding identity theft, fraud, and unauthorized access.
The optical fingerprint sensor market size is expected to see rapid growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The forecast period growth is expected to stem from technological advancements, wider acceptance of biometric authentication, government regulations and initiatives, the increasing ubiquity of smartphones, and the expanding Internet of Things (IoT) ecosystem. Noteworthy trends anticipated in the forecast period encompass heightened adoption of mobile devices, integration with smart home technologies, increased application in automotive sectors, progressions in sensor technology, and a surge in demand for wearable devices.
The optical fingerprint sensor market is poised for growth due to the increasing emphasis on cybersecurity. As digitization and interconnectedness rise, so do cybersecurity threats, providing more opportunities for malicious actors to exploit system and network vulnerabilities. Optical fingerprint sensors play a crucial role in cybersecurity by adding a biometric authentication layer, ensuring secure access to devices and systems through unique fingerprint identification, and strengthening overall security measures. For example, in April 2023, the UK's Department for Science, Innovation, and Technology reported that cybercrime affected 11% of businesses and 8% of charities. Furthermore, compared to 2022, this percentage increased to 26% for medium-sized enterprises, 37% for large companies, and 25% for high-income charities. Consequently, the growing emphasis on cybersecurity is a driving force behind the expansion of the optical fingerprint sensor market.
Leading companies in the optical fingerprint sensor market are concentrating on advancing sophisticated biometric authentication technologies such as live finger detection to enhance security and proactively combat evolving digital authentication threats. Live finger detection (LFD) technology distinguishes between live human fingers and counterfeit replicas, such as silicone or gelatin molds, used to deceive fingerprint recognition systems. For instance, in February 2021, Aratek International, based in Taiwan, launched the FBI FAP30 Aratek A700 fingerprint scanner. The A700, designed to meet the escalating demands of various applications requiring heightened reliability, is a comprehensive FAP 30 optical fingerprint scanner featuring a larger sensing area (20.32 x 25.4 mm) for efficient capture of biometric data from a single finger. It incorporates Live Finger Detection (LFD) and AES-256 encryption for additional security.
In June 2023, DERMALOG Identification Systems GmbH, headquartered in Germany, acquired Jenetric GmbH for an undisclosed sum. This acquisition combines Jenetric's optical thin-film transistor (TFT) technology, renowned for high-quality contactless fingerprint capture, with DERMALOG's expertise in liveness detection technology. Jenetric GmbH is a provider of optical fingerprint sensors based in Germany.
Major companies operating in the optical fingerprint sensor market are Qualcomm Technologies Inc., Thales Group, Microchip Technology Incorporated, Novatek Microelectronics Corporation, IDEMIA, Japan Display Inc., Synaptics Incorporated, Shenzhen Goodix Technology Co. Ltd., EGiS Technologies Inc., Fingerprint Cards AB, Anviz Global, Suprema Inc., Vkansee Technology Inc., Melfas Inc., CrucialTec, BioEnable Technologies Pvt. Ltd., Aware Inc, CMOS Sensor Inc., BIO-key International Inc., SecuGen Corporation, ID3 Technologies, FocalTech Systems Co. Ltd., Vkansee Technology Inc., NEXT Biometrics Group ASA, IDEX Biometrics ASA
North America was the largest region in the optical fingerprint sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical fingerprint sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the optical fingerprint sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The optical fingerprint sensor market consists of sales of capacitive optical sensors, thin-film transistor (TFT) optical sensors, and silicon-based optical sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Optical Fingerprint Sensor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on optical fingerprint sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for optical fingerprint sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The optical fingerprint sensor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.