BRIEF: The Fingerprint Sensor Market is Still Rising

Fingerprint sensors are now a standard feature on contemporary smartphones. Yet while they’re more popular than ever, a number of fingerprint sensor specialists have had to contend with serious market pressures in recent months, with costs in the mobile market dropping and a growing number of competitors.

That doesn’t mean the fingerprint sensor market has stalled, however.

According to a recent report from MarketsandMarkets, the fingerprint market is going to see a growth rate of over 15 percent over the next few years, rising from a value of $4.25 billion to $8.8 billion by 2023. Despite the challenges of the last year, the projection suggests, the overall fingerprint sensor market is going to see strong, solid growth going forward.

Here’s why:

Biometric cards are offering new opportunities:

IDEX Sensors Used in Biometric Cards Project in Middle East

NEXT Biometrics Starts Sampling Biometric Cards

Precise Biometrics Software Is In ManeulLab’s ‘The Card’

Fingerprint scanning is coming to ATMs and POS systems too:

OCBC to Enable Naked Payments with Merchant Partners

MoneyOnMobile ATMs Replace Card Access With Aadhaar Biometrics

Meanwhile, security keys are going biometric:

Fingerprint Biometrics Featured on New FIDO2-Compliant USB Key

Mobile Cryptocurrency Wallet Requires Biometric Card for Access

And while the mobile market may offer shrinking margins, the demand isn’t going anywhere, with new in-display technologies fostering a new phase: