Fingerprint Access Control System Global Market Report 2024

The fingerprint access control system market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed in the historic period for fingerprint access control systems can be primarily attributed to several factors such as enhanced workforce management capabilities, increased operational efficiency, reductions in the cost of biometric technologies, heightened security concerns, and growing public awareness and acceptance of biometric systems.

The fingerprint access control system market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The projected growth in the forecast period for fingerprint access control systems is expected to be driven by an increasing demand for contactless solutions, wider adoption of biometric identification in mobile devices, the expansion of smart cities and urban development, along with further cost reductions and scalability of these technologies.

The escalation in robbery incidents is anticipated to drive the expansion of the fingerprint access control system market. Robberies, characterized by the forcible seizure of property through intimidation or violence, are increasingly prevalent due to factors such as economic instability, social disparities, and insufficient policing. Fingerprint access control systems enhance security by employing unique fingerprint characteristics for authentication, thereby mitigating the risk of unauthorized entry. In October 2023, data from the Office for National Statistics in the UK indicated an 11% increase in recorded robberies, totaling 77,337 cases, up from 69,432 in the previous year. This trend underscores the growing demand for advanced security solutions such as fingerprint access control systems.

Leading enterprises in the fingerprint access control system sector are concentrating on the development of sophisticated products, including outdoor biometric access control systems, to capitalize on market opportunities. These systems utilize biometric technologies, such as fingerprint, iris, and facial recognition, to authenticate identities and control access to secure outdoor locations. In October 2022, ZKTeco, a biometric technology company based in China, introduced its ProMA Series designed for outdoor environments. The series includes durable terminals with options for face, fingerprint, and RFID authentication, adhering to IP66 water and dustproof standards and IK07 vandal-proof specifications. The ProMA Series can accommodate up to 10,000 fingerprints, 30,000 faces, 5,000 palms, and 50,000 RFID tags, providing robust security solutions for a variety of outdoor settings.

In September 2023, Assa Abloy AB, a global leader in door opening solutions from Sweden, completed the acquisition of Control iD, a Brazil-based company specializing in fingerprint access control systems. This acquisition is part of Assa Abloy's strategy to bolster its portfolio in access control and biometric solutions, enhancing its position in emerging markets and opening up new avenues for growth. Control iD's product range complements Assa Abloy's existing offerings, reinforcing its market dominance in the sector.

Major companies operating in the fingerprint access control system market are Lockheed Martin Corporation, Honeywell International Inc, Johnson Controls International plc, NEC Corporation, Hikvision Digital Technology Co. Ltd., IDEMIA, HID Global Corporation, ZKTeco Co. Ltd., Matrix Comsec Pvt. Ltd., Telos Corporation, Anviz Global Inc., Fingerprint Cards AB (FPC), Cross Match Technologies Inc., Daon Inc., 3M Cogent Inc., Accu-Time Systems Inc., BioEnable Technologies Pvt. Ltd., Aware Inc., Suprema Inc., BioLink Solutions, Merkatum Corporation, Hitachi Omron Terminal Solutions, SecuGen Corporation, Realtime Biometrics.

North America was the largest region in the fingerprint access control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fingerprint access control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the fingerprint access control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A fingerprint access control system employs biometric authentication technology to verify identities through unique fingerprint patterns. This system is primarily used to restrict entry to authorized personnel only and is prevalent in workplaces, government buildings, and areas requiring high security. It operates by scanning a person's fingerprint, matching it with a pre-stored database of authorized fingerprints, and subsequently granting or denying access based on the comparison.

Fingerprint access control systems are categorized into several types including optical, capacitive, pressure, ultrasonic, and thermal systems. The optical type uses light-based technology to capture and authenticate fingerprints, effectively controlling access. These systems comprise both hardware and software components, and find applications across various sectors such as consumer electronics, government, commercial enterprises, banking and financial services, insurance, healthcare, military, and defense, among others.

The fingerprint access control systems market research report is one of a series of new reports that provides fingerprint access control systems market statistics, including fingerprint access control systems industry global market size, regional shares, competitors with a fingerprint access control systems market share, detailed fingerprint access control systems market segments, market trends and opportunities, and any further data you may need to thrive in the fingerprint access control systems industry. This fingerprint access control systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fingerprint access control system market consists of revenues earned by entities by providing services such as visitor management, time and attendance tracking, user authentication, access control management, and biometric enrollment. The market value includes the value of related goods sold by the service provider or included within the service offering. The fingerprint access control system market also includes sales of biometric turnstiles, fingerprint safes, and vaults, fingerprint time attendance systems, biometric access control panels, and fingerprint door locks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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