The global market for fingerprint scanners is projected to have a considerable CAGR of around 11.2% during the forecast period. The fingerprint scanner is a cost-effective biometric device that is widely used for the authentication and authorization of a person at different places. The device scans the fingerprint and matches it with the database to provide the access to the user. The increase in fingerprint scanners in consumer devices and applications for biometric authentication, rising treads for safe and secure online transactions, increasing application of scanners in smart devices are the major factors propelling the growth of the fingerprint scanner market. The adoption of biometrics in government bodies due to growing concern regarding the security and safety of data across the globe is paving way for such devices. Additionally, various end-user industries such as defense, banking & finance, IT, healthcare are also adopting these devices on large scale for the protection of their data, which is accelerating the market growth.
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Growing government funding, and initiatives by market players bringing new smart fingerprint scanners to market also boosting the market growth. For instance, in April 2021, BIO-key International, Inc., has launched two new (Pocket 10) biometric fingerprint scanners for enhanced authentication security. On the other hand, in March 2020, Secureye had launched S-FB4k, a biometric security device, capable of both face and fingerprint biometric authentication. However, the high cost associated with biometric technologies, security concerns with biometric databases, and slow adoption and implementation of these devices in some economies are some of the restraining factors in the growth of the market. The new developments and advancements in fingerprint technologies (such as IoT-based biometric) are expected to create lucrative opportunities in the global fingerprint scanner market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Fingerprint Scanner Systems Market Report by Segment
By Sensor Type
- Optical Reader
- Capacitive Reader
- Ultrasonic Reader
- Thermal Reader
- Others (Pressure, Infrared)
By Matching Software
- Minutiae Matching
- Pattern Matching
By End-User
- Healthcare
- Defense
- Banking & Finance
- Government
- Retail
- Information and Telecommunication Technology
- Education
- Manufacturing
- Other
Global Fingerprint Scanner Systems Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fingerprint scanner market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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