Fingerprint Biometrics

Fingerprint Biometrics

Global Fingerprint Biometrics Market to Reach US$18.1 Billion by 2030

The global market for Fingerprint Biometrics estimated at US$9.5 Billion in the year 2023, is expected to reach US$18.1 Billion by 2030, growing at a CAGR of 9.7% over the analysis period 2023-2030. Non-AFIS Technology, one of the segments analyzed in the report, is expected to record a 10.6% CAGR and reach US$11.7 Billion by the end of the analysis period. Growth in the AFIS Technology segment is estimated at 8.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 9.0% CAGR

The Fingerprint Biometrics market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 9.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.0% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

Global Fingerprint Biometrics Market - Key Trends and Drivers Summarized

Fingerprint biometrics technology has significantly shaped security and identity verification across various sectors, fundamentally transforming traditional methods like passwords and PINs. This technology utilizes unique patterns found in each person`s fingerprints, making it one of the most widely adopted forms of biometric identification. It offers seamless integration into numerous daily applications, from unlocking smartphones to enhancing airport security, making it an essential component of modern security systems. Its historical roots trace back to ancient civilizations using fingerprint impressions on clay tablets for business transactions, with systematic studies beginning in the late 19th century for forensic purposes. Today, advancements in this field include not only enhanced fingerprint recognition accuracy but also broader applications across law enforcement, healthcare, financial services, and consumer electronics, ensuring secure transactions and identity verification processes.

The proliferation of fingerprint biometrics is driven by several key factors. Technological advancements have improved the sensitivity and accuracy of fingerprint scanners, which now feature enhanced sensors and faster processing capabilities, making the technology more reliable and effective. The convenience and user-friendliness of fingerprint biometrics have led to its widespread adoption in consumer electronics like smartphones and laptops, further popularized by its integration into daily technology use. Additionally, the affordability of scanning technology has lowered significantly, making it an accessible option for a wide range of applications, from corporate security to personal devices. Regulatory compliance across various industries has also necessitated the adoption of reliable and verifiable methods of identity management, with fingerprint biometrics providing a secure solution that meets these requirements.

Moreover, the market`s expansion is fueled by the integration of fingerprint biometrics into broader security and operational frameworks. With rising public acceptance and trust in the technology, largely due to its integration into commonly used devices, there is a significant cultural shift towards embracing biometric security solutions. The growing importance of robust identity verification in digital transactions within sectors like banking and e-commerce has elevated the demand for fingerprint biometrics to prevent fraud and ensure transaction security. In healthcare, the technology is increasingly used for patient identification and access management, enhancing both efficiency and patient security. Finally, the push towards multi-factor authentication, incorporating fingerprint biometrics as a key security layer, and the expansion of mobile technology with built-in biometric capabilities, illustrate the dynamic and evolving nature of fingerprint biometrics as a cornerstone of modern security solutions.

Select Competitors (Total 148 Featured) -

• Anviz Global
• Fingerprint Cards AB
• Fujitsu Ltd.
• Fulcrum Biometrics LLC
• Gemalto NV
• IDEX ASA
• NEC Corporation
• Samsung Electronics Co., Ltd.
• Synaptics, Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.