Summary
India Display Fingerprint Market report comprises market size, segmentation, growth trends, future outlook, and competitive landscape. Major players include Goodix, Synaptics, Egis Technology, Qualcomm, and Fingerprint Cards. Key growth drivers are rising smartphone adoption, increasing demand for secure biometric authentication, and advancements in in-display fingerprint technology.
Market Overview
India Display Fingerprint Market Overview
The India Display Fingerprint Market, which was valued at USD 219.8 million in 2018, grew at a CAGR of 17.2% during 2018–2023. The market is further expected to reach USD 1,822.9 million by 2029, registering a projected CAGR of 24.6% during 2023–2029. The India Display Fingerprint Market is highly consolidated, with only a handful of large established players operating in the space. Some of the well-established companies in this market include Qualcomm Incorporated, Crucialtec Co., Ltd., Synaptics, Inc., NEC Corporation, Goodix Technology, and Fingerprint Cards AB, which together accounted for more than 70% of the market share in 2023.
Taxonomy
India Display Fingerprint Market Ecosystem
India Display Fingerprint Market Size (in USD Mn), 2018-2023
The India Display Fingerprint Market experienced substantial growth, registering a robust 17.2% increase during 2018–2023. The market was valued at USD 219.8 million in 2018 and, despite the challenges posed by COVID-19, rebounded strongly to reach USD 346.5 million in 2021. By 2023, it further expanded to USD 486.0 million. This growth has been driven by factors such as the rising urban population, increasing disposable incomes, and growing awareness of security solutions among consumers. In addition, government initiatives promoting digitisation and technology adoption have played a crucial role in boosting demand for display fingerprint technology across the country.
India Display Fingerprint Industry Analysis
India Display Fingerprint Market Segmentation, 2023
India Display Fingerprint Market Segmentation by Technology (in USD Mn), 2023
In the India Display Fingerprint Market, capacitive technology accounts for the majority share, representing 70% of the market, or USD 340.2 million, driven by its advanced security features and versatility across various conditions. Capacitive technology is popular due to its low cost and high consumer acceptance, and these sensors can be highly compact, making them suitable for mobile and portable devices. Emerging applications such as biometric smartcards, vehicle scanners, and smart locks are expected to create further growth opportunities for the capacitive sensor market. Optical technology holds 20% of the market and was valued at USD 97.2 million in 2023. This technology is gaining traction due to its reliability and widespread acceptance, while rising demand for optical display fingerprints is being supported by capacity expansion from leading players. For instance, Synaptics Inc. recently announced mass production of the Clear ID FS9500 family of optical in-display fingerprint sensors in partnership with top five OEMs, with the sensor designed to work under full cover glass and with wet, dry, and cold fingers. Overall, the market reflects a strong technology mix, with multiple solutions catering to diverse consumer needs and security standards in India.
India Display Fingerprint Market Segmentation by Application (in USD Mn), 2023
In 2023, the India Display Fingerprint Market was dominated by smartphones, which accounted for 87.9% of the market and generated USD 427.2 million in revenue, highlighting the critical importance of fingerprint technology and strong consumer trust in mobile security. Tablets held a 6.3% market share with USD 30.6 million in revenue, indicating a specialized yet steady demand for secure access across both professional and leisure use cases. The others category, which includes laptops, wearables, and security systems, accounted for 5.8% of the market at USD 28.2 million, reflecting the broadening application of fingerprint technology across a diverse range of digital devices and security solutions.
India Display Fingerprint Market Future Market Size
Looking ahead, the India Display Fingerprint Market is poised for substantial growth, with projections indicating a strong CAGR of 24.6% during 2023–2029. Starting from USD 486.0 million in 2023, the market is expected to reach USD 1,822.9 million by 2029. This growth is expected to be driven by the rising middle-class population with higher disposable incomes, ongoing urbanization, and increasing interest in advanced security and biometric authentication technologies. In addition, government initiatives such as the Digital India campaign and the PLI Scheme are likely to further support the market by encouraging local production and boosting demand for secure digital authentication solutions across the country.
India Display Fingerprint Market Company Profile
| Company Name | Establishment year | Description |
|---|---|---|
Goodix Technology | 2002 | Goodix Technology is Chinese developer and manufacturer of integrated circuits and software solutions. It has a total revenue of ~$0.45 billion with ~10,000 employees. Company has a strong presence in the global smartphone market, supplying their products to leading smartphone brands. |
Synaptics, Inc. | 1986 | Synaptics is a global leader in human interface solutions, offering touch, display, and biometrics products for a wide range of electronic devices. Company’s revenue during 2023 was ~$1.1 Bn and has around 8,000 employees. Company has a global presence with products found in a wide variety of consumer electronics devices including smartphone and laptop. |
Qualcomm Incorporated | 1985 | Leading provider of mobile processor chips also offers ultrasonic in-display fingerprint sensors. Company’s revenue is $35.8 billion and has approximately 44,000 employees. Company has a very strong global presence with significant presence in major markets including the USA, Europe and Asia. |
Fingerprint Cards AB | 1997 | Fingerprint Cards AB specializes in the development and manufacturing of biometric systems, offering cutting-edge fingerprint sensors and biometric solutions for a secure and convenient user authentication experience across various devices and industries. Its main focus is on smartphone and tablet. Company’s revenue is $0.12 Billion and has approximately 250 employees. |
NEC Corporation | 1899 | NEC is at the forefront of providing biometric identification technologies, such as facial recognition systems, and critical public infrastructure support, contributing to enhanced security and safety measures worldwide. Company’s revenue is $24.6 Billion and has approximately 104,000 employees. |
Crucialtec Co., Ltd. | 2001 | Specialization in innovative biometric solutions, particularly fingerprint recognition technologies that are integrated into mobile and smart devices for enhanced security and user authentication. Company earns a of ~$7 Bn and has approximately 3,000 employees. Its USP is its sophisticated optical trackpad technology, which allows for intuitive and precise control, enhancing navigation and interaction within devices, thereby improving the overall user experience. |
India Display Fingerprint Market Macro Indicators
Between 2016 to 2021, India's economy demonstrated notable resilience and adaptability, as evidenced by its Gross Domestic Product (GDP) growth trajectory from $2.3 trillion in 2016 to $3.2 trillion in 2021. During this period, despite experiencing fluctuations in the inflation rate—with a peak at 6.6% in 2020—the economy adjusted, resulting in a reduction of the inflation rate to 5.1% in 2021. This economic performance highlights the robustness and dynamic nature of India's economic landscape over these years.
India's disposable personal income fluctuated over the years, reaching INR 207 Mn in 2019. The COVID-19 pandemic caused a dip to INR 200 Mn in 2020, but a recovery ensued in 2021, reaching INR 239 Mn. These changes reflect the economic resilience and the influence of external factors on personal income trends.
The graph presents India's smartphone penetration from 2009 to 2023, with projections until 2039. Initially, in 2009, only 1.4% of the population owned smartphones. This figure has seen a steady rise, reaching 54.2% in 2023. Future estimates suggest a dramatic increase, with projected rates of 75% by 2029 and 95.5% by 2039, indicating near-universal adoption. The data underscores the exponential growth of smartphone usage in India, reflecting technological advancement and increased accessibility.
Frequently Asked Questions
Find quick answers to common questions about the India Display Fingerprint Market