![]() ![]() Optical technology is expected to hold the second-largest share in the fingerprint market during the forecast period. Biometric smartcards, vehicle scanners, and smart locks are among a few of the emerging applications of capacitive fingerprint sensors, which would further provide growth opportunities for the capacitive sensor market. ![]() Capacitive sensors can be highly compact and used in mobile and portable devices. In terms of size, Capacitive is the leading technology in the fingerprint sensor market this is mainly because of its low cost and high consumer acceptance. Advances in sensing technology are expected to accelerate the ultrasonic fingerprint sensor market growth. Therefore, these sensors can read wet fingers and fingers with ruptured skin or damaged skin. Ultrasonic sensors read the epidermal skin layer as well as a dermal skin layer, capturing the fine details. Ultrasonic fingerprint sensors are projected to witness the highest CAGR for the forecast period Moreover, the rising use of facial recognition technology in payments, access and security, and criminal identification applications pose challenges to the fingerprint sensor market. On the contrary, the emergence of biometric smartcards in BFSI applications, the newest trend of in-display fingerprint sensors in smartphones, and the rise in the adoption of fingerprint sensors in IoT-based devices are likely to provide lucrative opportunities to the fingerprint sensor market players during 2021–2026. However, threats pertaining to the biometric database are the major restraint that hinders the growth of the fingerprint sensor market. The extensive use of fingerprint sensors in consumer devices, the effective implementation of biometric time and attendance systems for calculating employee productivity, work hours, and others, and the high adoption of biometrics by the governments worldwide for enhanced security are the key factors driving the growth of the fingerprint sensor market.
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