Market Size of North America Fingerprint Sensor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.56 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Fingerprint Sensor Market Analysis
The North America fingerprint sensor market is expected to register a CAGR of 1.56% during the forecast period (2020 - 2025). Online transactions in the region are prominent, owing to the higher internet penetration in the United States and Canada, coupled with the increasing e-commerce sales, which is further augmenting these transactions. These developments are likely to result in the deployment of biometrics technologies.
- The smartphone market and government-led investments are driving the fingerprint market in the region. Airports are also witnessing the increasing adoption of fingerprint scanners in the region, due to the government's focus on border control. For instance, in May 2019, the US Customs and Border Protection (CBP) announced to replace the traditional glass-prism based fingerprint scanner at all the airports, with a new FAP-60 ten-finger scanner from Integrated Biometrics LLC.
- In March 2019, Vancouver International Airport (YVR) became one of Canada's first airports to deploy fingerprint scanning kiosk stations and comply with the Federal Government's enhanced biometric border screening requirements. For this, the airport installed a BorderXpress kiosk from Innovative Travel Solutions (ITS). Such deployments are expected to continue over the forecast period, creating the country's demand for fingerprint devices and sensor modules.
- Integrating the automatic payment system in the vehicle is also one of the significant trends in the market. For instance, in November 2019, Synaptics Incorporated introduced its first fingerprint biometric for cars to be added into the car dashboard, enhancing the dashboard's capabilities to eliminate app-based solutions.
- Players in the region are focused on product innovation. For instance, in May 2019, a US-based biometric hardware manufacturer introduced its latest mobile Live-scan FAP 50 device based on Five-0 FBI certified fingerprint sensor from Integrated Biometrics. In January 2020, Integrated Biometrics announced its 50% Y-o-Y growth in 2019 compared to 2018, mainly driven by the government contracts across the world, including the contract mentioned above from CBS.
- However, with the recent outbreak of COVID 19, the fingerprint sensor market is witnessing a decline in growth due to various organizations and government authorities restricting the usage of biometric systems in their respective premises. This decline is expected to remain for the short term as people use biometric smartcards to make contactless payments amid the COVID-19 pandemic. This is expected to drive the growth of the market in the region.
