Fingerprint Access Control Systems Market Size, Share & Trends Analysis Report By Technology (Optical, Capacitive, Pressure, Ultrasonic, Thermal), By Application, By Region, And Segment Forecasts, 2024 - 2030

Fingerprint Access Control Systems Market Size, Share & Trends Analysis Report By Technology (Optical, Capacitive, Pressure, Ultrasonic, Thermal), By Application, By Region, And Segment Forecasts, 2024 - 2030

Fingerprint Access Control Systems Market Growth & Trends

The global fingerprint access control systems market size is expected to reach USD 9.80 billion by 2030 and grow at a CAGR of 12.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technological proliferation backed by increasing need for secure authentication and recognition of individuals across distinct end-use industries are the factors expected to impel fingerprint access control market growth over the forecast period. Moreover, declining prices of fingerprint technology has led to an overall increase in its global demand.

Favorable government initiatives and standards worldwide is expected to contribute to the industry growth over the forecast period. The governments across several countries have formed regulations governing the usage, gathering and disposal of biometric information by entities, however the affluence of these laws varies extensively over regions. For instance, in the U.S. state of Illinois with its Illinois Biometric Information Privacy Act, 740 ILCS 14/1, et seq. and Texas with its Bus. & Com. Code Ann. § 503.001 strictly regulate the use, revelation, and the final destruction of biometric data by a private entity. The state of Illinois compels such entities to develop written policies describing their biometric data collection methods.

Use of fingerprint access control in government and commercial sector has contributed immensely to industry growth. Need for security is one of the key factors driving market demand. Multimodal biometrics based products have enticed popularity specifically in passport and e-IDs verification systems.

Fingerprint Access Control Systems Market Report Highlights

• Optical accounted for the largest market revenue share of 37.2% in 2023 owing to the rising need for enhanced security systems in sectors such as banking, government and healthcare.
• The electronics segment dominated the market with 23.5% in 2023. Significant growth is being witnessed in the commercial electronics sector, driven by the rising need for advanced security systems across different industries.
• North America fingerprint access control systems market dominated the global market with 36.1% share in 2023 due to the growing need for high-tech security systems in both business and home environments.

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