Fingerprint Payment Device Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 10 Billion by 2030, growing at a CAGR of 19.0% from 2024 to 2030.
From 2018 to 2022, the fingerprint payment device market witnessed technological evolution, particularly in terms of sensor performance and accuracy. The integration of fingerprint recognition systems into smartphones, payment terminals, and point-of-sale systems significantly improved user experience, resulting in widespread adoption. Moreover, government and regulatory bodies across various countries promoted digital payment security, further accelerating market growth. The adoption of cloud-based solutions, paired with AI and machine learning technologies, made fingerprint payment devices even more efficient, driving their popularity in everyday transactions.
The demand from 2023 to 2033 is expected to increase at an even faster rate, propelled by the expansion of the Internet of Things (IoT) and the increasing preference for contactless and secure payments. The rise of mobile payments, paired with an increased focus on cybersecurity, will further amplify the need for advanced fingerprint payment technologies. Consumers are becoming more security-conscious, prompting banks and financial institutions to adopt biometric authentication as a standard feature in mobile apps and payment solutions. As a result, the demand for fingerprint payment devices is poised to expand in new regions, including emerging markets where mobile payment penetration is rising rapidly.
The next decade promises exciting developments for the fingerprint payment device market, with technological advances enabling more affordable and accessible solutions. Additionally, the integration of multi-factor authentication combining fingerprint scans with other biometrics such as facial recognition or voice recognition will drive further growth in both consumer and business markets.
Get an In-Depth Research Analysis of the Global Fingerprint Payment Device Market Size And Forecast [2025-2032]
The fingerprint payment device market has seen significant growth between 2018 and 2022, driven by the increasing demand for biometric authentication technologies in the financial sector. With the global rise in online transactions and digital payments, the need for secure and reliable payment methods became a top priority. Fingerprint payment devices, offering a seamless blend of security and user convenience, gained traction across a range of industries including retail, banking, and e-commerce. In this period, various innovations and advancements in biometric sensors, hardware capabilities, and software integration propelled the market forward.
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NEXT Biometrics
IDEX Biometrics
Thales Group
Precise Biometrics
NEC Corporation
Fingerprint Cards AB
Synaptics Incorporated
Apple Inc
Anviz Global Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fingerprint Payment Device Market
Consumer Electronics
BFSI
Others
Based on Types the Market is categorized into Below types that held the largest Fingerprint Payment Device market share In 2023.
Optical Fingerprint Scanner
Capacitive-based Fingerprint Reader
Multispectral Imaging Sensor
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fingerprint Payment Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fingerprint Payment Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fingerprint Payment Device Market, By Type
6. Global Fingerprint Payment Device Market, By Application
7. Global Fingerprint Payment Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fingerprint Payment Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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