Market Size of Display Fingerprint Technology Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 21.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Display Fingerprint Technology Market Analysis
The display fingerprint technology market is expected to register a CAGR of 21% during the forecast period of 2021 - 2026. According to Credit Suisse Group AG, there was 67% penetration of smartphones with the fingerprint sensors globally in 2018. This was due to the convenience and intuitive use from the users.
- With the decreasing prices, the in-display fingerprint sensor has become part of the standard equipment for android phones at a cheaper rate. With the increasing demand for fingerprint sensors from smartphone vendors like Vivo, who manufacturers low budget smartphones on, it is expected that it will have a positive impact on the global display fingerprint technology market.
- Further, according to the American Ceramic Society, the mobile phone user checks the device 47 times per day; once every 20 minutes while they are awake. Therefore, increasing demand for convenience is expected to be another significant factor in driving the adoption of in-display fingerprint technology in smartphones.
- For instance, in February 2019, Footprint Cards AB announced the launch of optical in-display fingerprint sensor that expected to deliver superior image quality which leads to higher biometric performance.
- However, currently, the in-display fingerprint sensors are comparatively slow compared to conventional fingerprint sensor which might restrain the market for a few years. But, the technological advancements in this field is expected to generate new opportunities during the studied period.
