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Fingerprint Access Control System Market Trends

Report ID: GMI382
Published Date: Aug 2024
Report Format: PDF

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Fingerprint Access Control System Market Trends

The fingerprint access control system industry is experiencing a notable shift towards integrating biometric systems with smart technologies, AI and the Internet of Things (IoT). Fingerprint access systems are now commonly found in various smart devices, such as smartphones, laptops, and home security systems. This integration not only streamlines authentication but also boosts user convenience. Moreover, the incorporation of fingerprint recognition in IoT devices bolsters access management and data security in interconnected settings.

For instance, in May 2024, IDEMIA Public Security led the NIST Evaluation of Latent Fingerprint Technologies (ELFT) for the fourth consecutive time, showcasing the most accurate and fastest algorithms. Their advanced fingerprint access control systems, supported by AI, also excel in palmprint identification, enhancing law enforcement efficiency.

An emerging trend in the market revolves around the enhancements in fingerprint recognition technology, with a clear focus on boosting biometric accuracy and user convenience. Noteworthy recent strides involve the integration of sophisticated algorithms and high-definition sensors. These upgrades significantly elevate the precision of fingerprint recognition, even under challenging conditions like wet or dry fingers. For instance, in November 2023, Apple Inc. introduced its latest iPhone model featuring an advanced 3D fingerprint scanning technology, which has set a new benchmark in the industry.

Moreover, the introduction of innovations such as multimodal biometric systems aims to further slash false acceptance and rejection rates. These technological leaps not only fortify security measures but also enhance user experience, providing swifter and more reliable access. With technology's relentless progression, these enhancements are poised to propel the widespread adoption of fingerprint access control systems across diverse sectors.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of fingerprint access control system reached USD 2.62 billion in 2023 and is set to register over 8% CAGR from 2024 to 2032, owing to the rising instances of unauthorized access and security breaches, fueling the need for sophisticated access control systems worldwide.

Fingerprint access control system industry from the capacitive fingerprint recognition segment is expected to reach over USD 1.5 billion by 2032, due to their high resolution and accuracy, making them suitable for various applications.

North America market held over 33% share in 2023, attributed to increasing demand for advanced security solutions across various sectors, including commercial, government, and healthcare in the region.

Fingerprint Access Control System Inc., Festo AG, Ekso Bionics Holdings, Inc., and ReWalk Robotics, are some of the major fingerprint access control system companies worldwide.