The global fingerprint access control systems market size was valued at USD 6.06 billion in 2020 and is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising need for strong security condition and check to access to personal assistance products, private facilities or exclusive places, and wide use of automatic and smart home appliances.
Fingerprint access control systems refer to advanced technology used to authenticate the user by using fingerprint scanner and allow permit for access for the user to personal products and exclusive private spaces. The system becomes a key component and feature of several consumer electronic devices such as smartphones. Biometric access control is the most commonly adopted system that has a wide range of applications across industries as well as government facilities including offices, storage rooms, and warehouse units. The biometric system is widely used in both private and public offices to register the attendance of their employees, which allow the supervisors to check their regular attendance and any timing lapse of employees in entry and exit of the offices. Access to control biometric system requires exact match of fingerprint of a person with the database stored in the system. This system aids in preventing the illegal intrusion of a private space or unsanctioned access of a person to certain spaces within an organization. These physical access control system are widely used to restrict access to private rooms, chemical laboratory, and administrative offices in many commercial buildings and educational campuses.
Market Trends, Drivers, Restraints, and Opportunities
- Rapid digital transformation of organizational environment and rising demand for strong security locking system to store valuable or expensive items or documents within organizations are key factors driving the market.
- Wide applications of the fingerprint control system in various industries such as healthcare and BFSI to restrict the illegal access of people to certain spaces are anticipated to boost the market in the coming years.
- Increasing adoption of security and safety gadgets to commercial and various luxurious residential buildings present another key driver of the market.
- Concerning issues of security risks such as hacking passwords and misuse of personal information or data of users act as major hurdles that can hinder the market expansion.
- Growing integration of Internet of Things (IoT) and cloud-computing technology to the system and increasing use of smart home solutions are offering several growth opportunities of the market.
Scope of the Report
The report on the global fingerprint access control systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Fingerprint Access Control Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Consumer Electronics, Government, Commercial, BFSI, Healthcare, Military & Defense, and Others) and Technology (Capacitive, Optical, Pressure, Ultrasonic, and Thermal)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M Cogent; Anviz Global; Daon Inc.; Cross Match Technologies Inc.; Lockheed Martin Corporation; NEC Corporation of America; and IDtech 360
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Market Segment Insights
Consumer electronics segment to grow at a rapid pace
Based on applications, the global fingerprint access control systems market is divided into consumer electronics, government, commercial, BFSI, healthcare, military & defense, and others. The consumer electronics segment is expected to grow at a rapid pace during the forecast period owing to rising integration for access control accentuate in various electronic products such as tablets and smartphones. However, the BFSI segment is anticipated to hold a key share of the market in the coming years owing to massive requirement of the secure system and technology offering reliable solutions for consumers. Moreover, the wide acceptance of digital payment methods and financial transactions is likely to further fuel the segment.
Increasing integration in smartphones to drive the capacitive segment
On the basis of technology, the market is segregated into capacitive, optical, pressure, ultrasonic, and thermal. The capacitive segment is projected to expand at a considerable CAGR during the forecast period owing to largely adoption of embedding capacitive fingerprint sensors in various smart electronic devices especially smartphones. On the other hand, the optical segment is anticipated to account for a major market share in the coming years owing to wide use of optical sensor scanner across industries especially in the healthcare sector.
North America to constitute a key market share
In terms of regions, the global fingerprint access control systems market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to rising need for identity recognition of individuals and secure authentication systems cross enterprises. Moreover, the presence of key global players in the region and wide acceptance of advanced security solutions by both private and public organizations further propel the regional market. However, Asia Pacific is estimated to grow considerably with a high CAGR during the forecast period due to high penetration of the Internet and rising spending on smart devices by a large number of the regional population.
Segments
The global fingerprint access control systems market has been segmented on the basis of
Applications
- Consumer Electronics
- Government
- Commercial
- BFSI
- Healthcare
- Military & Defense
- Others
Technology
- Optical
- Capacitive
- Pressure
- Ultrasonic
- Thermal
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global fingerprint access control systems market are 3M Cogent; Anviz Global; Daon Inc.; Cross Match Technologies Inc.; Lockheed Martin Corporation; NEC Corporation of America; and IDtech 360. Many players have adopted various strategic steps such as partnerships and joint ventures with consumer electronics providers to expand their product portfolio.
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