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Fingerprint Biometrics Market Research Report: Information By Type (AFIS Technology and Non-AFIS Technology), By Offering (Hardware, Software, and Services), By End User (IT and Telecom, Government and Defense, Automotive, BFSI, Healthcare, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032.

ID: MRFR/ICT/20374-HCR | 128 Pages | Author: Aarti Dhapte| July 2024

Fingerprint Biometrics Market Overview

Fingerprint Biometrics Market Size was valued at USD 22.2 Billion in 2023. The Fingerprint Biometrics market industry is projected to grow from USD 25.30 Billion in 2024 to USD 63.32 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.00% during the forecast period (2024 - 2032). Increased adoption of security & access control devices and rising trends towards multi-model or hybrid biometric systems are the prime market drivers improving the market growth.

Figure 1: Fingerprint Biometrics Market Size, 2024-2032 (USD Billion)

Fingerprint Biometrics Market Overview

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Fingerprint Biometrics Market Trends

The growing use of biometric technology in consumer electronics is driving the market growth.

Market CAGR for fingerprint biometrics is being driven by the rising use of biometric technology in consumer electronics. The rising use of biometric technology, particularly fingerprint biometrics, in consumer electronics is reshaping the market landscape by enhancing security, convenience, and user experience. As consumer electronics become more integral to daily life, the demand for robust authentication methods has surged, leading to the widespread adoption of fingerprint biometrics.

One key driver of the fingerprint biometrics market is the increasing need for secure authentication in personal devices like smartphones, tablets, and laptops. Fingerprint sensors provide a convenient and reliable method for users to unlock their access and devices' sensitive information without the need for passwords or PINs. This trend is particularly pronounced in the mobile device market, where fingerprint authentication has become a standard feature in high-end smartphones and is increasingly being integrated into mid-range and budget devices as well. Moreover, the proliferation of digital payment systems and the growing emphasis on financial security have further propelled the adoption of fingerprint biometrics. Biometric authentication gives an extra layer of security for online transactions, reducing the risk of unauthorized access and identity theft. With the surging popularity of mobile payment platforms and contactless transactions, fingerprint sensors have become a critical component of secure authentication systems, driving demand in the fingerprint biometrics market.

Additionally, the rising concerns over data privacy and identity theft have prompted both consumers and manufacturers to prioritize biometric security solutions. Fingerprint biometrics offer a unique advantage in this regard, as fingerprints are inherently difficult to replicate, or steal compared to traditional authentication methods. As a result, consumers are more inclined to choose devices equipped with fingerprint sensors, driving manufacturers to integrate biometric technology into their products to meet market demand.

Furthermore, advancements in fingerprint sensor technology, such as improved accuracy, speed, and reliability, have contributed to the market growth of fingerprint biometrics. Manufacturers are investing in research and development to enhance sensor performance, reduce false acceptance rates, and increase the range of applications for fingerprint authentication. This continuous innovation has expanded the use cases for fingerprint biometrics beyond device unlocking to include secure access control, biometric payments, and identity verification in various industries. Thus, driving the Fingerprint Biometrics market revenue.

Fingerprint Biometrics Market Segment Insights

Fingerprint Biometrics Type Insights

The Fingerprint Biometrics market segmentation, based on type, includes AFIS Technology and Non-AFIS Technology. In 2023, the non-AFIS technology segment dominated the market due to its versatility and widespread application across various sectors. Unlike AFIS, which primarily focuses on law enforcement and forensic applications, non-AFIS technologies encompass a broader range of uses, such as access control, time and attendance tracking, and identity verification in mobile devices. This versatility makes non-AFIS solutions more appealing to industries beyond law enforcement, including healthcare, finance, and government, driving their widespread adoption and market dominance in fingerprint biometrics. Additionally, advancements in non-AFIS technologies, such as improved accuracy, faster processing speeds, and enhanced user experience, further contribute to their dominance in the fingerprint biometrics market.

Fingerprint Biometrics Offering Insights

The Fingerprint Biometrics market segmentation, based on offering, includes Hardware, Software, and Services. In 2023, the hardware category dominated the market due to its fundamental role in capturing and processing fingerprint data. Biometric hardware includes fingerprint scanners, sensors, and readers, which are essential components of authentication systems. These hardware devices ensure accurate and reliable identification by capturing unique fingerprint patterns and converting them into digital data for analysis. As demand for secure authentication solutions continues to grow across industries such as banking, government, and healthcare, the market for fingerprint biometric hardware remains robust and competitive. Further, the software segment is the fastest-growing in the market.

Figure 2: Fingerprint Biometrics Market, by Offering, 2023 & 2032 (USD Billion)

Fingerprint Biometrics Market, by Offering1

Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review

Fingerprint Biometrics End User Insights

The Fingerprint Biometrics market segmentation, based on end users, includes IT and Telecom, Government and Defense, Automotive, BFSI, Healthcare, and Others. In 2023, the government and defense categories dominated the market due to their stringent security requirements and large-scale deployment needs. These sectors rely on fingerprint biometrics for identity verification, access control, and criminal investigations, driving substantial demand for advanced fingerprint recognition systems. Government agencies and defense organizations often have significant budgets allocated for security technologies, enabling them to invest in cutting-edge biometric solutions and driving innovation in the field. Additionally, government mandates and regulations regarding identity authentication further propel the adoption of fingerprint biometrics in these sectors, solidifying their dominance in the market.

Fingerprint Biometrics Regional Insights

By region, the issue market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Fingerprint Biometrics market area will dominate this market because of the surging demand for enhanced security solutions across various sectors, including government, finance, and healthcare.

Further, the primary countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, Australia, India, and South Korea.

Figure 3: Fingerprint Biometrics Market Share By Region 2023 (USD Billion)

Fingerprint Biometrics Market Share By Region

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe's Fingerprint Biometrics market accounts for the second-largest market share due to Regulatory compliance, security concerns, and technological advancements. Further, the German Fingerprint Biometrics market held the largest market share, and the UK Fingerprint Biometrics market was the fastest-growing market in European region.

The Asia-Pacific Fingerprint Biometrics Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to government mandates, security concerns, and technological advancements. Moreover, China’s Fingerprint Biometrics market held the largest market share, and the Indian Fingerprint Biometrics market was the fastest-growing market in Asia-Pacific region.

Fingerprint Biometrics Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Fingerprint Biometrics market grow even more. Market participants are also undertaking several strategic activities to spread their footprint, with important market developments including contractual agreements, new product launches, mergers and acquisitions, higher investments, and collaboration with other organizations. To spread and sustain in a more competitive and rising market climate, the Fingerprint Biometrics industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the prime business tactics used by the manufacturers in the Fingerprint Biometrics industry to benefit the clients and grow the market sector. In recent years, the Fingerprint Biometrics industry has offered some of the most significant advantages to several industries. Major players in the Fingerprint Biometrics market, including NEC Corporation, Safran S.A., Thales Group, Idemia, Cognitec Systems GmbH, Aware, Inc., BIO-key International, Inc., Crossmatch (acquired by HID Global), Fujitsu Limited, Gemalto (acquired by Thales Group), and others, are trying to raise market demand by investing in the research and development operations.

BIO-Key International Inc. is a leading provider of biometric authentication solutions. Specializing in fingerprint recognition technology, the company offers secure and convenient authentication solutions for enterprises, government agencies, and consumers. With a focus on enhancing cybersecurity and user experience, BIO-Key's solutions cater to diverse industries, including healthcare, finance, and law enforcement. The company's innovative approach to biometric authentication has positioned it as a key player in the evolving landscape of digital security. In March 2023, BIO-Key International Inc. partnered with Ethnos IT Solutions in order to bring innovative IAM solutions to customers across Africa who are looking to improve their cybersecurity with enhanced access security and seamless user experiences.

Thales Group is a multinational company specializing in aerospace, defense, and technology solutions. With a rich history dating back to 1893, Thales has established itself as a leading provider of innovative technologies and services across various industries, including transportation, security, and digital identity management. The company's offerings range from cybersecurity and communication systems to advanced avionics and satellite technology, serving both government and commercial clients worldwide. Thales is known for its commitment to research and development, driving advancements in critical areas such as data analytics, artificial intelligence, and digital transformation. In October 2023, Thales launched a new biometrics smart card for enterprise access control. The SafeNet IDPrime FIDO Bio Smart Card features an embedded fingerprint sensor and NFC capabilities and is focused on security access to both IT assets and physical venues.

Key Companies in the Fingerprint Biometrics market include

Fingerprint Biometrics Industry Developments

November 2023: Idemia partnered with Home Team Science and Technology Agency, the technology department of the Ministry of Home Affairs of Singapore, to develop biometrics and forensic products to be utilized for homeland security.

December 2022: Aircuve updated its 2FA technology in order to extend the support for fingerprint biometrics. The update addresses WFH apps and focuses on helping large businesses adapt to security gaps.

November 2022: Fingerprint cards collaborated with Infineon Technologies to launch a biometric smart card for simple and easy authentication with the standard dual-interface payment system.

Report Attribute/Metric Details
Market Size 2023 USD 22.2 Billion
Market Size 2024 USD 25.30 Billion
Market Size 2032 USD 63.32 Billion
Compound Annual Growth Rate (CAGR) 14.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Offering, End User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, Australia, India, South Korea
Key Companies Profiled NEC Corporation, Safran S.A., Thales Group, Idemia, Cognitec Systems GmbH, Aware, Inc., BIO-key International, Inc., Crossmatch (acquired by HID ), Fujitsu Limited, Gemalto (acquired by Thales Group)
Key Market Opportunities Increasing integration of biometric authentication in mobile devices.
Key Market Dynamics Increasing need for robust and secure identity verification solutions across various industries.

Frequently Asked Questions (FAQ) :

The Fingerprint Biometrics market size was valued at USD 22.2 Billion in 2023.

The market is foreseen to rise at a CAGR of 14.00% during the forecast period, 2024-2032.

North America had the biggest share of the market.

The prime players in the market are NEC Corporation, Safran S.A., Thales Group, Idemia, Cognitec Systems GmbH, Aware, Inc., BIO-key International, Inc., Crossmatch (acquired by HID ), Fujitsu Limited, Gemalto (acquired by Thales Group), and others.

The hardware category dominated the market in 2023.

Non-AFIS technology had the largest share of the market.

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