Market Size of Europe Fingerprint Sensor Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 1.44 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Fingerprint Sensor Market Analysis
The Europe fingerprint sensor market is expected to register a CAGR of 1.44% during the forecast period (2020 - 2025). The advancements in sensor technology are expected to drive the fingerprint sensors market's development over the subsequent few years in the region. For instance, a new peculiarity of in-display finger sensors leveraged by smartphone makers is expected to encourage smartphone sales in the future years. The growing need for smartphones is anticipated to drive market growth in the coming years.
- Germany has one of the world's biggest economies, and the country is growing gradually in fingerprint sensor technology. The terrorist attacks from the last decade in the country highlighted the need for increased security and safety on Germany's streets. A significant upgrade of the security is already underway in the country, and it acts as a driving factor for the fingerprint sensors market in the region.
- Moreover, the increasing focus on consumer safety can provide opportunities for fingerprint technology. For instance, in 2019, TfL and Uber were both under pressure to guarantee rider safety after Uber drivers in the United Kingdom and the United States were accused of assaulting passengers in transit. In light of such instances, there is a possibility that Uber will be required to force drivers to scan their fingerprints or faces to continue operating in the region.
- In France, various initiatives by the government and similar institutions to augment technology efforts have funded the efforts made by the players, universities, or research groups, which is expected to boost the market throughout the forecast period. Some of the region's prominent players are entering strategic partnerships that allow them to develop the technology further, thereby fueling the demand for the technology.
- Further, various initiatives by the government and similar institutions, in order to augment its efforts in the fields of technology, have funded the efforts made by the players, universities, or research groups, which is expected to boost the market throughout the forecast period. The EU General Data Protection and Regulation (GDPR) is one such initiative by the European government that focuses on data privacy, thereby giving rise to the fingerprint module manufacturers' opportunity to tap the market by providing better and safer solutions.
- The outbreak of COVID-19 led multiple manufacturing facilities of players to shut down. The semiconductor industry is declining, leading to a lowering in the fingerprint sensors market. This also translates into a snowballing effect on the fingerprint sensor market, leading to lower research expenditure related to fingerprint sensors.
Europe Fingerprint Sensor Industry Segmentation
Fingerprint sensors enable devices to identify and authenticate the fingerprint of an individual for either granting or denying access to services, applications, devices, and physical facility. The scope is comprehensive and is limited to Europe.
Type | |
Optical | |
Capacitive | |
Thermal | |
Ultrasonic |
Application | |
Smartphones/Tablets | |
Laptops | |
Smartcards | |
IoT and Other Applications |
End-user Industry | |
Military and Defense | |
Consumer Electronics | |
BFSI | |
Government | |
Other End-user Industries |
Country | |
Germany | |
United Kingdom | |
France | |
Rest of Europe |
Europe Fingerprint Sensor Market Size Summary
The fingerprint sensor market in Europe is poised for growth, driven by advancements in sensor technology and increasing demand for smartphones. The introduction of in-display finger sensors by smartphone manufacturers is expected to boost smartphone sales, thereby propelling the market forward. Germany, with its robust economy, is witnessing a gradual expansion in fingerprint sensor technology, largely due to heightened security concerns following past terrorist attacks. This has led to significant upgrades in security measures, which in turn are fostering the growth of the fingerprint sensor market in the region. Additionally, the focus on consumer safety, as seen in the pressure on companies like Uber to enhance rider safety, presents further opportunities for the adoption of fingerprint technology.
In the United Kingdom, the banking and financial sectors are increasingly adopting fingerprint readers to enhance transaction security, which is anticipated to drive market growth. Initiatives by government and institutions in France to support technological advancements are also contributing to market expansion. The EU's General Data Protection Regulation (GDPR) is providing opportunities for fingerprint module manufacturers to offer safer solutions. Despite challenges such as the COVID-19 pandemic affecting manufacturing and the semiconductor industry's decline, the market remains moderately fragmented with both regional and global players engaging in strategic partnerships and product development. Key players like Fingerprint Cards AB and IDEX ASA are actively working on innovations to expand their portfolios, further fueling market growth.
Europe Fingerprint Sensor Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Industry
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1.5 Market Drivers
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1.5.1 Need for Secured Security and Business Applications
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1.6 Market Restraints
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1.6.1 Increase in Adoption of Substitute Technologies, Such as Face and Iris Scanning
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Optical
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2.1.2 Capacitive
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2.1.3 Thermal
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2.1.4 Ultrasonic
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2.2 Application
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2.2.1 Smartphones/Tablets
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2.2.2 Laptops
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2.2.3 Smartcards
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2.2.4 IoT and Other Applications
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2.3 End-user Industry
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2.3.1 Military and Defense
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2.3.2 Consumer Electronics
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2.3.3 BFSI
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2.3.4 Government
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2.3.5 Other End-user Industries
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2.4 Country
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 France
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2.4.4 Rest of Europe
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Europe Fingerprint Sensor Market Size FAQs
What is the current Europe Fingerprint Sensor Market size?
The Europe Fingerprint Sensor Market is projected to register a CAGR of 1.44% during the forecast period (2024-2029)
Who are the key players in Europe Fingerprint Sensor Market?
TDK Corporation , Fingerprint Cards AB , IDEX ASA , Next Biometrics Group ASA and Gemalto NV are the major companies operating in the Europe Fingerprint Sensor Market.