Industry Overview
Global fingerprint access control systems market size is expected to
reach USD 4.4 billion by 2022, growing at a CAGR of over 7% from 2015 to
2022. Escalating safety and security threats is anticipated to drive
industry growth. Fingerprint authentication offers a reliable solution
to enhance access control thus, assists to mitigate security breaches as
well as transaction frauds.
The global smartphone industry was valued at USD 2.5 billion in 2013.
It is expected to reach USD 4.4 billion by 2022, growing at a CAGR of
7% over the coming years. Emergence of multi-functional and
cost-effective smartphones is expected to fuel growth. Huge demand from
Asia Pacific is estimated to drive fingerprint access control systems
market demand.
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Highly competitive business environment is likely to boost
confidentiality needs for organizational data and information. Biometric
systems market is anticipated to witness significant growth owing to
incapability of password and security PINs to safeguard the data. This
safety equipment is increasingly implemented for home fortification.
Government around the globe is now taking stringent initiatives for
biometric enrolment of their citizens. Advent of projects such as
national identification programs, e-passports and border control are
expected to drive industry growth. This measure can be attributed to
secure borders, prosecute criminals, verify immigration or employment
and combat identity fraud or terrorism.
Implementation of this system requires huge capital investment. Apart
from installation cost, it also involves allied expenses such as
enrolling users, administering the system and training expenditures.
However, theft or misuse of data is likely to pose a serious risk to the
individual’s security. Fingerprint access control system market is
expanding its roots into commercial, government as well as healthcare
sectors. Its high penetration rate is projected to pose potential
opportunities to the industry demand.
Product Overview
Capacitive products accounted for over 27% of the overall industry
share in 2014. It is anticipated to exceed over USD 1.3 billion by 2022
owing to its low cost as well as compact size. Optical products were
valued over USD 900 million in 2014. It is estimated to grow at a CAGR
of over 7% from 2015 to 2022. The growth can be attributed to high image
quality robust long life of the system.
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Application Overview
Commercial application was the leading segment, valued over USD 850
million in 2014. It is expected to exceed USD 1.4 billion by 2022,
growing at a CAGR of 6.5% over the forecast period. The surge can be
addressed to rising safety as well as security demands in various
organizations. Consumer electronics accounted for over 4.5% of the
overall market share. The growth can be accredited to rapid growing need
for access control features in tablets & smartphones.
Regional Overview
North America fingerprint access control systems market was sized
over USD 850 million in 2014. It is projected to accumulate more than
30% of the overall industry share by 2022. Regional growth can be
attributed to flourishing biometric application in healthcare as well as
consumer electronics industries.
Asia Pacific fingerprint access control systems market is expected to
witness considerable growth owing to increasing government initiatives
in the region. It is likely to grow at a CAGR of over 7.5% from 2015 to
2022.
Competitive Market Share
The global fingerprint access control systems market share is highly
consolidated by top three companies. 3M Cogent, Safran Group and NEC
Corporation are estimated to account for more than 70% of the overall
industry share in U.S. Other key players in U.S industry include
Suprema, HID Global (Assa Abloy), Cross Match, Fingerprint Cards (FPC),
Aware Inc, SecuGen, Daon Inc and Anviz Global among others.
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