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Fingerprint Access Control System Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033
Fingerprint Access Control System Market
As per the report, 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 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%.
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Robbery Surge Boosts Demand For Fingerprint Access Control Systems
The increase in robbery cases is expected to propel the growth of the fingerprint access control system market going forward. Robbery is a criminal act involving the unlawful taking of property or assets from a person or place through force, threat, or intimidation. Increased robbery rates can be attributed to various factors, including economic hardships, social inequality, and a lack of effective law enforcement measures. Fingerprint access control systems utilize the unique physiological characteristics of an individual's fingerprint for authentication, which significantly reduces the risk of unauthorized access by intruders or robbers attempting to gain entry. For instance, in October 2023, according to the Office for National Statistics, a UK-based non-ministerial department, police recorded robberies rose by 11%, reaching 77,337 incidents, compared to the period ending June 2022, which had 69,432 incidents. Therefore, the increase in robbery cases is driving the growth of the fingerprint access control system market.
Advanced Outdoor Biometric Access Control Systems Gain Traction In The Market
Major companies operating in the fingerprint access control system market are focused on developing advanced products, such as outdoor biometric access control systems, to boost their revenue in the market. Outdoor biometric access control systems are security solutions that use biometric technology such as fingerprint, iris, or facial recognition to verify individuals' identities before granting access to outdoor areas, buildings, or facilities. For instance, in October 2022, ZKTeco, a China-based biometrics company, launched the ProMA Series outdoor biometric access control systems. These high-end standalone terminals are designed specifically for outdoor use and feature ultra-robust aluminum alloy casings. They meet water and dustproof standards (IP66) as well as vandal-proof standards (IK07) and include three models with different authentication combinations ProMA (Face+Fingerprint+RFID), ProMA-QR (Face+QR code+RFID), and ProMA-RF (Face+RFID). These terminals have an impressive authentication template capacity, supporting up to 10,000 fingerprints, 30,000 faces, 5,000 palms, and 50,000 RFID credentials.
The fingerprint access control system market covered in this report is segmented -
1) By Product: Optical, Capacitive, Pressure, Ultrasonic, Thermal
2) By Components: Hardware, Software
3) By Applications: Consumer Electronics, Government, Commercial, Banking, Financial Services, And Insurance, Healthcare, Military And Defense, Other Applications
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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
Contents of the report:
1. Executive Summary
2. Fingerprint Access Control System Market Report Structure
3. Fingerprint Access Control System Market Trends And Strategies
4. Fingerprint Access Control System Market - Macro Economic Scenario
5. Fingerprint Access Control System Market Size And Growth
…..
27. Fingerprint Access Control System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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