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Automated Fingerprint Identification System Market | 2031
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Automated Fingerprint Identification System Market | 2031

Segments - Automated Fingerprint Identification System (AFIS) Market by Search Type (Tenprint Search, Latent Print Search, and Others), Component (Hardware, Software, Services, and Others), End-use (Government, BFSI, Defense, Healthcare, Consumer Electronics, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-5644 | 4.9 Rating | 58 Reviews | 201 Pages | Format : PDF Excel PPT

Report Description


The global automated fingerprint identification system (AFIS) market size was USD 12.5 billion in 2022 and is likely to reach USD 64 billion by 2031, expanding at a CAGR of 20% during 2023–2031. The market growth is attributed to the rising use of advanced identification systems across different industries globally.

Rising demand for digital imaging technology is driving the automated fingerprint identification system (AFIS) market. The technology helps to obtain, store, and maintain fingerprint information. It works as a personal identification and uses fingerprint scan technology. Moreover, it is rapidly being adopted in applications including smartphones, ATMs, and the industrial & commercial sector for access identification and security purposes. For instance,

  • As per a report published on May 3, 2022, Norway aims to replace its digital identification and authentication platform BankID and implement new apps with user log-in & access banking services online using fingerprint or face biometrics. Such updates help in the growth of the market.

Automated Fingerprint Identification System Market Outlook

The market report states that the COVID-19 pandemic negatively affected the growth of the global automated fingerprint identification system (AFIS) market, owing to the shutdown of several AFIS manufacturing units across different countries. This further led to a shortage of skilled personnel in the market, which in turn impeded the market growth during the pandemic.

Impact of Artificial Intelligence on Automated Fingerprint Identification System (AFIS) Market

Integration of artificial intelligence (AI) in the AFIS technology includes the application of machine learning techniques including artificial neural networks (ANN), genetic algorithms (GA), support vector machine (SVM), and deep neural networks (DNN). In addition, deep learning facilitates pattern recognition and computer vision, further it learning structures & patterns in a smaller number of trainings. Thus, by these developments, the implementation of AI propels the global market.

Automated Fingerprint Identification System (AFIS) Market Dynamics

Automated Fingerprint Identification System Market Dynamics

Major Drivers

Rising demand for investment safety among numerous banks, governments, and financial organizations is boosting the market. These organizations require safe money transactions, with high-speed, private, and automated AFIS, which in turn propels the market. Additionally, increasing the integration of fingerprints into criminal investigation and fraud prevention is further boosting the market, as it helps to increase crime-solving efficiency. Moreover, the rising application of fingerprint technology in different sectors for attendance and identification purposes is further driving the market.

Existing Restraints

Compromised algorithmic performance and interoperability of the data are likely to restrain the market. In addition, there are high tariffs charged on export activities of the fingerprint & monitoring devices which leads to impeding the market growth. Moreover, the high costs associated with the fingerprint sensor models and their installations are further anticipated to restrain the market.

Emerging Opportunities

Surging adoption of online transaction facilities across the world is likely to create lucrative opportunities for the market players. Additionally, the rising application of AFIS in border management for accessibility and identification is further projected to create lucrative opportunities for the market in the assessment period. For instance,

  • On March 11, 2022, M2SYS Technology introduced Secured PASS immigration identification and border control software, which aims to reduce the number of cross-checks in checkpoints of airports and border security services. Such novel product introductions create lucrative growth opportunities for the key players in the market, which in turn propels the market.

Scope of Automated Fingerprint Identification System (AFIS) Market Report

The report includes an assessment of trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automated Fingerprint Identification System (AFIS) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Search Type (Tenprint Search, Latent PrintSearch, and Others), Component (Hardware, Software, Services, and Others), and End-use (Government, BFSI, Defense, Healthcare, Consumer Electronics, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Suprema Inc.; M2SYS Technology; Fingerprint Cards AB; NEC Corporation India Private Limited; Thales; Precise Biometrics AB; BIO-key International; Fulcrum Biometrics; secunet Security Networks AG; and Dun & Bradstreet, Inc.

Automated Fingerprint Identification System (AFIS) Market Segment Insights

Search Type Segment Analysis

Based on search type, the automated fingerprint identification system (AFIS) market is divided into tenprint search, latent search, and others. The tenprint search segment is expected to expand at a significant growth rate during the projection period, due to its increasing popularity among banking and financial organizations. This search permits customers to register their fingerprint identification with all fingers and allows them to authenticate access with convenience. Moreover, the rising number of developments, tests, and research in the tenprint search is expected to drive the segment.

The latent print search segment is anticipated to account for a considerable market share during the forecast period, owing to the rising crime scenes across the world. Latent print search helps to identify an unknown person’s fingerprint, which helps in authenticity verification and forensic analysis, for solving crime cases effectively. Thus, these factors propel the segment.

Automated Fingerprint Identification System Market Search Type

Component Segment Analysis

On the basis of component, the global market is segregated into hardware, software, services, and others. The software segment is projected to register a considerable CAGR during the forecast period, attributed to the rising integration of the Internet of Things (IoT) and artificial intelligence in the software. Additionally, the major market players are focusing on developing systems with standard and high-performance capabilities, that help the customers to get customized software for their business. These factors are expected to propel the segment in the coming years.

End-use Segment Analysis

On the basis of end-use, the automated fingerprint identification system (AFIS) market is segmented into government, BFSI (banking financial services & insurance), defense, healthcare, consumer electronics, and others. The government segment is expected to register a robust growth rate during the projection period, owing to the surging adoption of AFIS in ensuring unique identity and eliminating threat issues of false identity and theft. This helps the government to maintain safe records and analyze data accurately, which in turn is likely to boost the segment.

The BFSI segment is expected to hold a significant share of the market, due to the rising demand for safe transactions among banks and consumers. In addition, the increasing adoption of AFIS in financial organizations and banks for secured access and privacy purposes is in turn fueling the segment during the forecast period.

Automated Fingerprint Identification System Market End Use

Regional Outlook

In terms of region, the global automated fingerprint identification system (AFIS) market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the presence of major key players in the region. These market players are quick to adopt updated technology and implement it in the final products, which results in regional market growth. Moreover, the expanding banking, financial services, and insurance (BFSI) security, education, and retail sectors are further likely to drive the regional demand for AFIS technology.

The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to the increasing demand for AFIS systems for border control and airports in the region. In addition, the rising construction of personal tax IDs, e-passports, and unique identity numbers by government organizations is likely to propel the market during the projection period. For instance,

  • As per a report published in May 2019, by the Centre for Development of Advanced Computing (C-DAC), the BharatiyaAFIS (Bhartiya Automated Fingerprint Identification) Suite is expected to offer highly accurate and advanced fingerprint identification for Indian government agencies. Such ongoing developments in the country boost the regional market.

Automated Fingerprint Identification System Market Region

Segments

The automated fingerprint identification system (AFIS) market has been segmented on the basis of

Search Type

  • Tenprint Search
  • Latent Print Search
  • Others

Component

  • Hardware
  • Software
  • Services
  • Others

End-use

  • Government
  • Banking, Financial Services, & Insurance
  • Defense
  • Healthcare
  • Consumer Electronics
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Suprema Inc.
  • M2SYS Technology
  • Fingerprint Cards AB
  • NEC Corporation India Private Limited
  • Thales
  • Precise Biometrics AB
  • BIO-key International
  • Fulcrum Biometrics
  • secunet Security Networks AG
  • Dun & Bradstreet, Inc.

Competitive Landscape

Key players operating in the global automated fingerprint identification system (AFIS) market include Suprema Inc.; M2SYS Technology; Fingerprint Cards AB; NEC Corporation India Private Limited; Thales; Precise Biometrics AB; BIO-key International; Fulcrum Biometrics; secunet Security Networks AG; and Dun & Bradstreet, Inc.

Several companies are implementing market expansion & growth strategies such as divestitures, partnerships, acquisitions, R&D investments, mergers, collaboration, and product launches to boost their market share. For instance,

  • On September 8, 2023- Fingerprint Cards AB announced the collaboration with CionLabs Inc., an innovative engineering solution provider for the IoT market. CionLabs announced the design, development, and integration of Fingerprint’s biometric systems and sensors, algorithms, and software into its IoT and smart door lock product portfolio in Asia Pacific-based countries including India.

Automated Fingerprint Identification System Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automated Fingerprint Identification System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automated Fingerprint Identification System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automated Fingerprint Identification System Market - Supply Chain
  4.5. Global Automated Fingerprint Identification System Market Forecast
     4.5.1. Automated Fingerprint Identification System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automated Fingerprint Identification System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automated Fingerprint Identification System Market Absolute $ Opportunity
5. Global Automated Fingerprint Identification System Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Automated Fingerprint Identification System Market Size and Volume Forecast by End Users
     5.3.1. Government
     5.3.2. Banking, Financial Services, & Insurance
     5.3.3. Defense
     5.3.4. Healthcare
     5.3.5. Consumer Electronics
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Automated Fingerprint Identification System Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automated Fingerprint Identification System Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automated Fingerprint Identification System Demand Share Forecast, 2019-2026
7. North America Automated Fingerprint Identification System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automated Fingerprint Identification System Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automated Fingerprint Identification System Market Size and Volume Forecast by End Users
     7.4.1. Government
     7.4.2. Banking, Financial Services, & Insurance
     7.4.3. Defense
     7.4.4. Healthcare
     7.4.5. Consumer Electronics
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automated Fingerprint Identification System Demand Share Forecast, 2019-2026
8. Latin America Automated Fingerprint Identification System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automated Fingerprint Identification System Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automated Fingerprint Identification System Market Size and Volume Forecast by End Users
     8.4.1. Government
     8.4.2. Banking, Financial Services, & Insurance
     8.4.3. Defense
     8.4.4. Healthcare
     8.4.5. Consumer Electronics
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automated Fingerprint Identification System Demand Share Forecast, 2019-2026
9. Europe Automated Fingerprint Identification System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automated Fingerprint Identification System Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automated Fingerprint Identification System Market Size and Volume Forecast by End Users
     9.4.1. Government
     9.4.2. Banking, Financial Services, & Insurance
     9.4.3. Defense
     9.4.4. Healthcare
     9.4.5. Consumer Electronics
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automated Fingerprint Identification System Demand Share Forecast, 2019-2026
10. Asia Pacific Automated Fingerprint Identification System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automated Fingerprint Identification System Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automated Fingerprint Identification System Market Size and Volume Forecast by End Users
     10.4.1. Government
     10.4.2. Banking, Financial Services, & Insurance
     10.4.3. Defense
     10.4.4. Healthcare
     10.4.5. Consumer Electronics
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automated Fingerprint Identification System Demand Share Forecast, 2019-2026
11. Middle East & Africa Automated Fingerprint Identification System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automated Fingerprint Identification System Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automated Fingerprint Identification System Market Size and Volume Forecast by End Users
     11.4.1. Government
     11.4.2. Banking, Financial Services, & Insurance
     11.4.3. Defense
     11.4.4. Healthcare
     11.4.5. Consumer Electronics
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automated Fingerprint Identification System Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automated Fingerprint Identification System Market: Market Share Analysis
  12.2. Automated Fingerprint Identification System Distributors and Customers
  12.3. Automated Fingerprint Identification System Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Suprema Inc.
     12.4.2. M2SYS Technology
     12.4.3. Fingerprint Cards AB
     12.4.4. NEC Corporation India Private Limited
     12.4.5. Thales
     12.4.6. Precise Biometrics AB
     12.4.7. BIO-key International
     12.4.8. Fulcrum Biometrics
     12.4.9. secunet Security Networks AG
     12.4.10. Dun & Bradstreet, Inc.

Methodology

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