Fingerprint Recognition Access Control System market was valued at US$ 2239 million in 2022 and is anticipated to reach US$ 3511.2 million by 2029, witnessing a CAGR of 6.5% - Valuates Reports

The global fingerprint access control systems market is expected to grow at a CAGR of 6.5% from 2023 to 2029. The growth of the market is attributed to the increasing adoption of biometrics in security applications, the growing demand for contactless access control systems, and the rising construction activities in the global market.

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Fingerprint access control systems are biometric access control systems that use fingerprints to authenticate users. These systems are becoming increasingly popular as they offer a number of advantages over traditional access control systems. For example, fingerprint access control systems are more secure than traditional access control systems, as they are difficult to counterfeit. Additionally, fingerprint access control systems are more convenient for users, as they do not require users to remember passwords or PINs.

The increasing adoption of biometrics in security applications is one of the major factors driving the growth of the global fingerprint access control systems market. Biometrics are becoming increasingly popular as a way to authenticate users, as they are more secure than traditional methods such as passwords and PINs. Additionally, biometrics can be used to identify users even if they are wearing masks or gloves, which is important in the current COVID-19 pandemic.

The growing demand for contactless access control systems is another major factor driving the growth of the global fingerprint access control systems market. Contactless access control systems are becoming increasingly popular as they help to reduce the spread of germs and bacteria. Additionally, contactless access control systems are more convenient for users, as they do not require users to touch a physical surface to gain access.

The rising construction activities in the global market is also contributing to the growth of the global fingerprint access control systems market. The construction of new buildings and infrastructure projects is increasing the demand for security solutions, such as fingerprint access control systems.

The global fingerprint access control systems market is segmented by type, application, and region. By type, the market is segmented into capacitive fingerprint readers, optical fingerprint readers, and ultrasonic fingerprint readers. Capacitive fingerprint readers are the most popular type of fingerprint reader, as they are more accurate and reliable than other types of fingerprint readers. Optical fingerprint readers are less expensive than capacitive fingerprint readers, but they are also less accurate. Ultrasonic fingerprint readers are the most expensive type of fingerprint reader, but they are also the most accurate.

By application, the market is segmented into residential, commercial, and industrial. Residential is the largest application segment, as the demand for fingerprint access control systems in homes is increasing. Commercial is the second largest application segment, as the demand for fingerprint access control systems in offices and businesses is increasing. Industrial is the smallest application segment, as the demand for fingerprint access control systems in factories and other industrial settings is increasing.

By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is the largest market for fingerprint access control systems, as the adoption of biometrics in security applications is high in the region. Europe is the second largest market for fingerprint access control systems, as the demand for contactless access control systems is high in the region. Asia Pacific is the fastest growing market for fingerprint access control systems, as the construction activities in the region are increasing.

The major players in the global fingerprint access control systems market are IDEMIA (Safran Group), Kaba, Bosch Security, Johnson Controls, NEC Corporation, ASSA ABLOY, Allegion, HID Global, Suprema, and Morpho. These companies are investing in research and development to develop new and innovative fingerprint access control systems. Additionally, these companies are expanding their global footprint to increase their market share.

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