Global Fingerprint Access Control Systems Market by Product (Capacitive, Optical, Ultrasonic, Pressure, Thermal), by Application (Military & Defense, BFSI, Healthcare, Consumer Electronics, Government, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

To increase fingerprint access control market, strict government regulations and mandates are required

Global fingerprint access control market was valued at USD 2.84 Billion in 2015. The industry's growth is expected to be driven by the growing need for security measures due to increasing terrorist attacks. To improve national security, several government regulations require the use of identification technology for citizens, employees, as well as foreign nationals. In response to the increased threat of terrorist attacks on public safety, governments around the globe are working to increase security. The national governments have ordered large security spending, with a strong emphasis on technology to address security concerns. These initiatives will likely favor market growth during the forecast period.

U.S. Fingerprint Access Control Systems Market By Product, 2014- 2024 (USD Million)

Cloud computing technology is a new trend in digital economy. This technology has many benefits, including an on-demand environment and network-centric agility. It also offers data sovereignty. It does have security risks, such as hacking passwords and data intrusion that could lead to the loss of personal information. These issues can be solved by using biometric technology, such as fingerprint address. Smart spaces, mobile apps and access control applications can all be provided.

The industry is expected to grow due to increased demand in the BFSI, healthcare and consumer electronics industries. Traditional security methods like passwords and credential have been exposed to security flaws such as being easy to forge and stolen. However, governments and enterprises in Asia Pacific are more inclined to use biometric identification systems because of their convenience and high level security.

Capacitive fingerprint access control is a promising market segment

In 2015, optical fingerprint access control was the dominant industry. However, capacitive products are expected to grow at a significant rate during the forecast period. This is due to both the increasing demand for security and the development of smartphones. Smartphone companies like Apple and Samsung have begun to embed capacitive fingerprint sensors in their smartphones. These products are also more economically viable than the alternatives.

BFSI and consumer electronics will capture a significant share of the industry

The fastest growing segment in consumer electronics is expected to grow at a CAGR exceeding 18% between 2016 and 2024. This is due to increasing demand for access control features on smartphones and tablets. The technology is already available in mobile payment options like Alipay, Apple Pay, PayPal and Apple Pay. Manufacturers offer the technology to mobile app developers through Samsung's SDK Pass or Apple's iOS 8.

BFSI is growing rapidly with a CAGR of almost 20% by 2024. The technology is being used to control access in order to provide additional security for the sector. This technology provides a reliable, secure and efficient system to access restricted areas without the use of security cards or tokens. It allows for greater flexibility while maintaining the highest levels of security necessary to the industry.

Demand expected to rise in Asia Pacific Fingerprint Access Control Industry

North America was the dominant market with a significant share of the market at 34% in 2015. Asia Pacific, however, is expected to see a significant growth rate of more than 21% between 2016 and 2024. This will allow it to capture 28% of the global market by 2024. Technological advancement, backed by the increasing demand for secure authentication and recognition across diverse end-use industries, are some of the factors that will drive regional growth. Global demand has increased due to falling prices for fingerprint access control sensors and systems.

The Middle East and Africa are expected to experience significant growth. This can be attributed in part to instability in areas such as Syria and Iran. It also highlights the need to have high levels of homeland security, surveillance, and obtaining military intelligence. The region has seen a rise in adoption of fingerprint access control devices to protect and defend the military.

NEC Corporation and 3M Cogent are key shareholders

Cross Match Technologies Inc., Anviz Global, Daon Inc., NEC Corporation of America, Lockheed Martin Corporation, IDtech 360, SecuGen Corportaion, Safran Group, Merkatum Corporation, Suprema Inc., Fingerprint Cards AB, Fingerprint Cards AB, Aware, Inc., ZKTeco are the key players in this fingerprint access control market. Due to increased completion of the industry, manufacturers are investing enormously in advanced fingerprint technologies. Fingerprint Cards (FPC), for example, spent over USD 55.2 millions in R&D to develop advanced biometric solutions.

In order to increase their market share, industry participants are increasingly looking at joint ventures and strategic partnerships. To expand and enhance their product offerings and gain market share, suppliers, manufacturers, and distributors collaborate. Synaptics Inc., a prominent developer of human interface technology, announced in 2016 that it would be collaborating with TCL Communication to provide fingerprint sensor technology solutions to Alcatel smartphone users in the U.S.A and around the world.

Market Report Scope Fingerprint Access Control System Market

These are the most frequently asked questions about this report

b. Market growth is driven by the growing need for security due to increasing terrorist attacks.

b. Global fingerprint access control system market was valued at USD 5.2 Billion in 2019, and is forecast to grow to USD 6.1 Billion by 2020.

b. Global fingerprint access control system market is expected grow at a compound annual rate of 17.5% between 2016 and 2024, reaching USD 11.8 billion in 2024.

b. With a 32.6% share in 2019, North America was the dominant market for fingerprint access control system. This can be attributed to technological proliferation, which is backed up by the increasing need for secure authentication of individuals across different end-use industries.

b. Cross Match Technologies Inc. and 3M Cogent are some of the key players in the fingerprint access controllers market.

Up Market Research published a new report titled “Fingerprint Access Control Systems Market research report which is segmented by Product (Capacitive, Optical, Ultrasonic, Pressure, Thermal), by Application (Military & Defense, BFSI, Healthcare, Consumer Electronics, Government, Commercial), By Players/Companies Safran Group, Lockheed Martin Corporation, IDtech 360, Merkatum Corporation, Fingerprint Cards AB (FPC), Anviz Global, Suprema Inc, Cross Match Technologies Inc, Inc, NEC Corporation of America, Daon Inc, Fingerprint Cards (FPC) invested over USD 552 million in R&D in 2014 to develop advanced biometric solutions, ZKTeco Manufacturers are investing immensely to develop advanced fingerprint technologies owing to the intensified completion among players in the industry For instance, Aware, SecuGen Corportaion, 3M Cogent”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Fingerprint Access Control Systems Market Report Segments:

The market is segmented by Product (Capacitive, Optical, Ultrasonic, Pressure, Thermal), by Application (Military & Defense, BFSI, Healthcare, Consumer Electronics, Government, Commercial).

Fingerprint Access Control Systems Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fingerprint Access Control Systems Market

Overview of the regional outlook of the Fingerprint Access Control Systems Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Fingerprint Access Control Systems Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Fingerprint Access Control Systems Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Capacitive

                2. Optical

                3. Ultrasonic

                4. Pressure

                5. Thermal

                1. Military & Defense

                2. BFSI

                3. Healthcare

                4. Consumer Electronics

                5. Government

                6. Commercial

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fingerprint Access Control Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Fingerprint Access Control Systems Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.