Fingerprint sensor market growth set to continue

January 19, 2017 // By Peter Clarke
The fingerprint sensor market by volume is set to grow with a compound annual growth rate of 19 percent between 2016 and 2022, according to market analysis firm Yole Developpement.

The fingerprint sensor market will then be worth US$4.7 billion in 2022, Yole predicts. However, reducing average selling prices will see the market value grow more slowly and the smartphone sector will grow from US$2.8 billion in 2016 to US$3.4 billion in 2022.

The market became significant in 2013 after Apple had bought Authentec and introduced the iPhone 5s. It went from 23 million units in 2013 to 689 million fingerprint sensors for smartphones in 2016; a CAGR of 210 percent between 2013 and 2016.

Marketshares in 2016 consumer fingerprint sensor market. Source: Yole.

Apple which makes its own sensors is the market leader followed closely by Fingerprint Cards AB (Gothenburg, Sweden).

The fingerprint market is today pushed by OEMs requiring all-glass design and waterproofing and this will lead to the emergence of technologies such as CMOS TFT and ultrasonic detection as new ways to detect fingerprint with a high level of integration, according to Yole analyst Guillaume Girardin .

The average cost of a fingerprint sensor has decreased from around US$5 in 2013 to US$3 in 2016, and even less for low-end technologies. New technologies therefore need to be able to offer equivalent or better specifications and lower cost to gain traction in the market and this is the case for ultrasonic detection.

Related links and articles:

www.yole.fr

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