The fingerprint sensor market share in Europe is expected to increase by 436.52 million units from 2021 to 2026, at a CAGR of 15.78%.
This fingerprint sensor market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the fingerprint sensor market in Europe segmentation by application (mobile, PC, and access) and geography (Germany, UK, France, and the Rest of Europe). The fingerprint sensor market in Europe report also offers information on several market vendors, including CMOS Sensor Inc., Egis Technology Inc., Fingerprint Cards AB, id3 Technologies, NEXT Biometrics Group ASA, Qualcomm Inc., Shanghai Oxi Technology Co. Ltd, Shenzhen Goodix Technology Co. Ltd., Synaptics Inc., and VKANSEE among others.
What will the Fingerprint Sensor Market Size in Europe be During the Forecast Period?
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Fingerprint Sensor Market in Europe: Key Drivers, Trends, and Challenges
The rising number of data security breach incidents is notably driving the fingerprint sensor market growth in Europe, although factors such as security of fingerprint data within the system may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fingerprint sensor industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Fingerprint Sensor Market Driver in Europe
One of the key factors driving the fingerprint sensors market growth in Europe is the rising number of data security breach incidents. For instance, ransomware took advantage of a known vulnerability in the Microsoft Windows operating system. Microsoft, however, had already released a patch to fix this vulnerability; however, the IT departments of most of the organizations did not take it seriously and did not install the patch. This ignorance resulted in a malware attack and encrypted the data of many systems and devices, and it demanded a ransom to provide the decryption key. This ransomware was also able to infect other Windows devices on the same network, which multiplied the severity of the incident. These incidents do not honor any country's political or jurisdictional boundaries and can be carried out sitting anywhere in the world. Thus, the rising number of data security breach incidents is expected to propel the adoption of fingerprint sensors in Europe during the forecast period.
Key Fingerprint Sensor Market Trend in Europe
Another key factor driving the fingerprint sensors market growth in Europe is the evolution of 3D fingerprint authentication. The ultrasonic-based technology is engineered to capture 3D acoustic details within the outer layers of the skin, enabling superior image quality for more accurate capture and the recognition of unique and subtle fingerprint characteristics. Capacitive touch-based sensors use electrical current to create the image of the user’s fingerprint. Owing to the limitations of capacitive sensors, only a surface-level impression of the fingerprint is captured. Using high-frequency sound waves, a highly detailed 3D image of the unique and subtle features of a user’s fingerprint can be created (by penetrating the outer layers of the skin). Such technological innovations are expected to support the growth of the market in focus in the coming years.
Key Fingerprint Sensor Market Challenge in Europe
One of the key challenges to the fingerprint sensors market growth in Europe is the security of fingerprint data within the system. A fingerprint system is basically a digital system made up of components such as capture devices, communication channels, and databases, which are vulnerable to a wide range of attacks. An effective countermeasure to this vulnerability is to provide secure communications through encryptions. However, encryptions alone do not guarantee protection against replay attacks; hence, they must be coupled with other validation methods such as timestamps or challenge-response interactions. In addition, fingerprint information is unique for every person, it cannot be reset or reproduced if compromised, unlike smart cards or passwords. Such factors are expected to hinder the growth of the fingerprint sensors market in Europe during the forecast period.
This fingerprint sensor market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the fingerprint sensors market in Europe as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fingerprint sensor market in Europe during the forecast period.
Who are the Major Fingerprint Sensor Market Vendors in Europe?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- CMOS Sensor Inc.
- Egis Technology Inc.
- Fingerprint Cards AB
- id3 Techologies
- NEXT Biometrics Group ASA
- Qualcomm Inc.
- Shanghai OXi Technology Co. Ltd
- Shenzhen Goodix Technology Co. Ltd.
- Synaptics Inc.
- VKANSEE
This statistical study of the fingerprint sensor market in Europe encompasses successful business strategies deployed by the key vendors. The fingerprint sensor market in Europe is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
Product Insights and News
- CMOS Sensor Inc. - The company offers fingerprint sensor that includes contact image sensor technology, industrial proximity linear technology, space technology, optical fingerprint sensing technology, linear image sensor module technology.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The fingerprint sensor market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Fingerprint Sensor Market in Europe Value Chain Analysis
Our report provides extensive information on the value chain analysis for the fingerprint sensor market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global electronic equipment and instruments market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- After-sales service
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Fingerprint Sensor Market in Europe?
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36% of the market’s growth will originate from Germany during the forecast period. France and UK are the other key markets for fingerprint sensors in Europe. Market growth in Germany will be faster than the growth of the market in the Rest of Europe.
The significant increase in the investment in telecommunication technologies, such as 4G/5G, is expected to accelerate the adoption of smartphones, which will facilitate the fingerprint sensor market growth in Germany over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively affected the market in Germany. Many end-user industries using fingerprint sensors were compelled to shut down their production units due to COVID-19-induced lockdowns. Lockdown norms and social distancing norms had an adverse impact on the supply of smartphones and smartphone sensors. However, the resumption of smartphone manufacturing plants following the initiation of mass COVID-19 vaccination programs from Q1 2021 helped the market recover in 2021. This trend is expected to continue during the forecast period.
What are the Revenue-generating Application Segments in the Fingerprint Sensor Market in Europe?
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The fingerprint sensor market share growth in Europe by the mobile segment will be significant during the forecast period. The growth is attributed to the increase in the adoption of mobile devices in Europe, owing to the growth of the e-commerce industry in the region and the rising awareness of the convenience of online transactions.
This report provides an accurate prediction of the contribution of all the segments to the growth of the fingerprint sensor market size in Europe and actionable market insights on post COVID-19 impact on each segment.
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Fingerprint Sensor Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 15.78% |
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Market growth 2022-2026 |
436.52 mn units |
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Market structure |
Fragmented |
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YoY growth (%) |
21.61 |
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Regional analysis |
Europe |
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Performing market contribution |
Germany at 36% |
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Key consumer countries |
Germany, UK, France, and Rest of Europe |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CMOS Sensor Inc., Egis Technology Inc., Fingerprint Cards AB, id3 Techologies, NEXT Biometrics Group ASA, Qualcomm Inc., Shanghai OXi Technology Co. Ltd, Shenzhen Goodix Technology Co. Ltd., Synaptics Inc., and VKANSEE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Fingerprint Sensor Market in Europe Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive fingerprint sensor market growth in Europe during the next five years
- Precise estimation of the fingerprint sensor market size in Europe and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the fingerprint sensor industry in Europe
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of fingerprint sensor market vendors in Europe
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