The surging need for verification and identification in government organizations and burgeoning demand for consumer electronic devices will drive the fingerprint sensors market at a CAGR of 13.6% during the forecast period (2020–2030). The market generated revenue of $3.8 billion in 2019. In recent years, the growing adoption of in-display fingerprint sensors has become a prominent market trend.

Furthermore, the increasing use of biometric cards in banks and financial institutions will create ample growth opportunities for the market players in the coming years. The mounting need for fingerprint sensors in the government sector is one of the most-important driving forces for the market.

Government organizations, military headquarters, and courts across the world are rapidly installing advanced sensors on their premises to amplify their security levels. Additionally, the deployment of such instruments in government bodies helps in authenticating the identity and preventing the duplication of public records during the provision of public benefits and government services.

In recent years, the escalating adoption of in-display fingerprint sensors has become a key trend in the fingerprint sensors market due to the rising use of online payments and surging uptake of smartphones worldwide. Moreover, the mounting focus of smartphone manufacturers on reducing the bezels and developing sleeker handsets will fuel the integration of fingerprint sensors in these consumer electronics in the foreseeable future.

For example, Vivo Communication Technology Co. Ltd. launched the X series of smartphones with in-display sensors in 2018. 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.

This market research report provides a comprehensive overview of the market

• The Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings