Fingerprint Module Market Size, Share, Industry Trends and Forecast to 2030

1. What is the Market Size & CAGR of Fingerprint Module market in 2021?

The global fingerprint module market size in 2021 was valued at USD 3.5 billion. The Compound Annual Growth Rate (CAGR) of the fingerprint module market in 2021 was 12.5%. The market experienced significant growth due to the increasing adoption of biometric authentication solutions across various industries.

2. COVID-19 Impact on the Fingerprint Module Market

The COVID-19 pandemic had a mixed impact on the fingerprint module market. On one hand, the increased focus on contactless technologies led to a surge in demand for fingerprint modules for touchless authentication solutions. However, the pandemic also resulted in supply chain disruptions, leading to delays in manufacturing and distribution of fingerprint modules.

3. Fingerprint Module Dynamics

The fingerprint module market is driven by factors such as the growing need for secure authentication solutions, increasing adoption of biometric technology in smartphones and other devices, and rising concerns about data security. Technological advancements such as the integration of fingerprint sensors with other biometric modalities are also contributing to the growth of the market.

4. Segments and Related Analysis

The fingerprint module market can be segmented based on technology, application, and end-user. By technology, the market is divided into capacitive, optical, and ultrasonic fingerprint modules. In terms of application, the market is categorized into smartphones, laptops, tablets, and others. End-users of fingerprint modules include government organizations, healthcare institutions, BFSI sector, and others.

5. By Region Analysis

The fingerprint module market is analyzed regionally, with key regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share in 2021, followed by Asia Pacific. The market in Asia Pacific is expected to witness significant growth due to the increasing adoption of biometric authentication solutions in countries like China and India.

6. Key Market Players and Competitive Landscape

Key players in the fingerprint module market include companies such as Synaptics, Fingerprint Cards AB, Goodix Technology Inc., Egis Technology Inc., and IDEMIA. These companies are focusing on product innovation, partnerships, and acquisitions to strengthen their market position. The market is highly competitive, with players investing in research and development to introduce advanced fingerprint authentication solutions.

7. Recent Happenings in the Fingerprint Module Market

In recent developments, Synaptics announced the launch of a new range of fingerprint modules with enhanced security features. Fingerprint Cards AB entered into a partnership with a leading smartphone manufacturer to integrate its fingerprint sensor technology into the latest smartphones. Goodix Technology Inc. introduced a compact fingerprint module for laptops and tablets, catering to the growing demand for secure authentication solutions in these devices.