Fingerprint Biometrics Market Summary
As per Market Research Future Analysis, the Fingerprint Biometrics Market was valued at USD 22.2 Billion in 2023 and is projected to grow to USD 63.32 Billion by 2032, with a CAGR of 14.00% from 2024 to 2032. The market is driven by the increasing adoption of security and access control devices, along with the rising demand for multi-modal biometric systems. The growing integration of biometric technology in consumer electronics, particularly in smartphones and digital payment systems, is reshaping the market landscape, enhancing security and user experience. Non-AFIS technology dominates the market due to its versatility across various sectors, while hardware remains the leading offering segment. Government and defense sectors are the primary end users, driven by stringent security requirements.
Key Market Trends & Highlights
Key trends driving the Fingerprint Biometrics Market include technological advancements and increasing security concerns.
- Fingerprint Biometrics Market Size in 2023: USD 22.2 Billion.
- Projected Market Size by 2032: USD 63.32 Billion.
- CAGR from 2024 to 2032: 14.00%.
- Non-AFIS technology segment dominated the market in 2023.
Market Size & Forecast
2023 Market Size | USD 22.2 Billion |
2024 Market Size | USD 25.30 Billion |
2032 Market Size | USD 63.32 Billion |
CAGR (2024-2032) | 14.00% |
Major Players
Key players include NEC Corporation, Safran S.A., Thales Group, Idemia, Cognitec Systems GmbH, Aware, Inc., BIO-key International, Inc., Crossmatch, Fujitsu Limited, and Gemalto.