Display Fingerprint Technology Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Display Fingerprint Technology market in 2021?

The global market size of Display Fingerprint Technology in 2021 was valued at USD 2.5 billion. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period from 2021 to 2028. This growth can be attributed to the increasing demand for secure authentication solutions in smartphones, tablets, laptops, and other electronic devices.

COVID-19 Impact on the Display Fingerprint Technology Market

The COVID-19 pandemic had a mixed impact on the Display Fingerprint Technology market. While there was a slowdown in manufacturing and supply chain disruptions due to lockdowns and restrictions, there was also an increased awareness of the importance of touchless authentication solutions, which positively impacted the market. Overall, the market witnessed a moderate growth rate during the pandemic period.

Display Fingerprint Technology Dynamics

The Display Fingerprint Technology market is driven by factors such as increasing concerns about data security, the growing popularity of smartphones with in-display fingerprint sensors, and the rising adoption of biometric authentication solutions. Additionally, advancements in fingerprint recognition technology, such as ultrasonic sensors and optical sensors, are contributing to the market growth.

Segments and Related Analysis

The Display Fingerprint Technology market can be segmented based on technology type, application, and end-user industry. In terms of technology type, the market is divided into optical sensors, ultrasonic sensors, and capacitive sensors. By application, the market includes smartphones, tablets, laptops, and other electronic devices. The end-user industries for Display Fingerprint Technology include consumer electronics, healthcare, banking, and finance.

By Region Analysis

Geographically, the Display Fingerprint Technology market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America leads the market due to high adoption rates of advanced technologies, while the Asia Pacific region is expected to witness significant growth during the forecast period, fueled by increasing smartphone penetration and technological advancements.

Key Market Players and Competitive Landscape

Some of the key players in the Display Fingerprint Technology market include Synaptics, Goodix Technology, Qualcomm, Fingerprint Cards, Egis Technology, and more. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to maintain their competitive edge in the market. The competitive landscape is characterized by intense competition and rapid technological advancements.

Recent Happenings in the Display Fingerprint Technology Market

In recent developments, Synaptics launched a new generation of optical in-display fingerprint sensors with improved security features. Goodix Technology announced a strategic partnership with a leading smartphone manufacturer to integrate their fingerprint sensing technology into the latest flagship devices. These developments highlight the ongoing innovation and collaboration in the Display Fingerprint Technology market.