In-display Fingerprint Sensors Market (Sensing Technology Type - Optical In-display Fingerprint Sensor, Ultrasonic In-display Fingerprint Sensor, and Capacitive In-display Fingerprint Sensor; Device - Smartphone, Tablet, Biometric Device, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on the in-display fingerprint sensors market provides an in-depth analysis of segments and sub-segments in the global as well as regional in-display fingerprint sensors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional in-display fingerprint sensors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global in-display fingerprint sensors market. According to the report, the global in-display fingerprint sensors market is projected to grow at a CAGR of 6.5% over the forecast period of 2020-2026.

Market Insight

In recent years, fingerprint sensors are being used in several applications such as mobile devices, smart home, automotive products and, biometric devices for unlocking, identity verification, and access control. Moreover, most of the smartphones currently launched in the market incorporate in-display fingerprint sensors for better protection and faster access. The main features offered by the in-display fingerprint sensor comprise of flexibility and anti-spoofing. However, the current concerns over the spread of coronavirus are likely to lower the demand for in-display fingerprint sensors in the global market as the demand for smartphones is expected to fall considerably. In addition, supply disruptions in emerging countries such as India and China are anticipated to impact the growth of the market.

Moreover, as manufacturers procure a large number of electronic components such as sensors from China, severe supply disruptions are also likely to be witnessed in the market as the country has closed its borders for trade. However, over the latter half of 2020, most companies will resume production and fulfillment of sales thereby bridging the gap between demand and supply. Although the demand is likely to remain flat for the latter half of the year due to the loss of purchasing power among the consumers, their market is expected to gain momentum as the economy recovers gradually.

Growing population, increasing smartphone users and internet penetration are the key driving factors for the growth of In-display fingerprint sensors Market. Major smartphone manufacturers are featuring in-display fingerprint sensors in their new offerings and creating value for customers. In addition, the continuous emphasis on biometric authentication techniques will boost the demand for in-display fingerprint sensors. Furthermore, innovations in a fingerprint sensor, increasing need for user authentication along growing demand for smart wearable are some other key driving factors for the growth of this market. However, both the optical-type and ultrasonic sensors are inherently slower and have a higher error rate than the capacitive ones which may hamper the growth of the market. Nonetheless, the in-display fingerprint sensors market is expected to witness enormous growth over the forecast period owing to growing safety concerns among smartphone users and the rising number of online and mobile payment users.

Geographically, Asia Pacific held the largest share in In-display fingerprint sensors market in 2019. India and China are the key revenue generating countries in the Asia Pacific region. Factors such as the increasing number of smartphone users, rising demand for advanced biometric locking systems, and adoption of fingerprint systems in smartphones by major key players will increase demand for the In-display fingerprint sensors market in this region. However, North America will witness a rapid growth in the market owing to rapid technological advancement in the region. Moreover, major key players focusing on resource investment for the improvement of other scanning technologies are expected to escalate the demand for the in-display fingerprint sensors over the forecast period.

Segment Covered

The report on the global in-display fingerprint sensors market covers segments such as sensing technology type, and device. On the basis of sensing technology type, the sub-markets include an optical in-display fingerprint sensor, ultrasonic in-display fingerprint sensor, and capacitive in-display fingerprint sensor. On the basis of device, the sub-markets include smartphone, tablet, biometric device, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Apple Inc., Qualcomm Incorporated, Crucialtec Co., Ltd., Fingerprint Cards AB, Synaptics Inc., SecuGen Corporation, Touch Biometrix Ltd., NEC Corporation, Egis Technology Inc., and Samsung Electronics Co., Ltd.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of in-display fingerprint sensors market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.