How Are Government Organizations Driving Fingerprint Sensors Market Growth?

In recent years, companies in the fingerprint sensors market have been launching new products to gain a wider customer base across varied industries. For instance, in June 2019, Integrated Biometric LLC introduced the Danno line of low-power light-emitting sensor (LES)-based fingerprint scanners for biometric fingerprint identification applications.

Similarly, in February 2020, Fingerprint Cards AB expanded its portfolio of fingerprint authentication touch sensors by adding capacitive-touch sensors under the FPC1020 and FPC1024 series. Categories under the vertical segment of the fingerprint sensors market include government, consumer electronics, commercial offices/buildings, hospitality and healthcare, banking, financial services, and insurance (BFSI), and others.

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The consumer electronics category is further classified into smartphone, wearable device, and laptop/notebook/personal computer (PC). Under this segment, the BFSI category will demonstrate the fastest growth in the forecast years due to the mounting focus of banks on preventing cybercrimes, unauthorized access, and burglaries.

Geographically, the Asia-Pacific (APAC) region will account for the largest share in the fingerprint sensors market during the forecast period. This will be due to the burgeoning demand for fingerprint-sensor-enabled devices from the government agencies of India and China for official verification purposes. Moreover, the increasing penetration of smartphones, owing to the mounting disposable income of the booming population, will supplement the market growth in the region in the coming years.

Thus, the escalating need for fingerprint sensors in the government sector and rising use of in-display fingerprint sensors in consumer electronics will support the market growth.

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