Automated Fingerprint Identification System Market Assessment, By Component [Software, Hardware], By Application [Image Acquisition, Image Enhancement, Indexing & Retrieval, Fraud Detection, Others], By End-user [BFSI, Transport & Logistics, Defense & Security, Consumer Electronics, Healthcare, Residential, Others], By Region, Opportunities and Forecast, 2016-2030F

The global automated fingerprint identification system market size was valued at USD 7.9 billion in 2022, which is expected to grow to USD 26.5 billion in 2030, with a CAGR of 16.3% for the forecast period between 2023 and 2030.

Home>Industry Reports>Global Automated Fingerprint Identification System Market Assessment, Opportunities and Forecast, 2016-2030F

Global automated fingerprint identification system market size was valued at USD 7.9 billion in 2022, expected to reach USD 26.5 billion in 2030, with a CAGR of 16.3% for the forecasted period between 2023 and 2030.

Automated Fingerprint Identification Systems (AFIS) offer numerous advantages, including enhanced security through accurate identification, faster criminal investigations, fraud reduction, and streamlined authentication processes. Factors driving the AFIS growth include rising security concerns, increased adoption in law enforcement and border control, advancements in biometric technology, and the expanding use of fingerprint recognition in various industries. Additionally, the government mandates biometric identification in passports and IDs and the need for efficient data management, contributing to the growing demand for AFS solutions.

The AFIS's accuracy relies heavily on the quality of the fingerprints received. Nonetheless, it is generally very precise, with fewer errors than the other identification systems. Moreover, the accuracy of the fingerprints exclusively depends on the number of fingerprint sets submitted. As per Thales Group, there are almost 16 million sets of fingerprints of military personnel and more than 173 million sets from individuals worldwide as of April 2023 in the NGI database.

Utilization of AFIS For Fraud Reduction is Driving Market Growth

The application of automated fingerprint identification systems plays a pivotal role in reducing fraud thereby propelling the market growth. AFIS enhances security by verifying individual identities through their unique fingerprints, making it difficult for impostors to gain unauthorized access or engage in fraudulent activities. This technology is extensively used in financial institutions, border control, and government agencies to authenticate individuals, preventing identity theft and fraudulent transactions.

For example, FIFRAUD, a fingerprint-based fraud detection engine strengthens ID verification systems by using biometric data to verify identities. It compares the scanned fingerprint with stored records to ensure a person’s identification. If an unauthorized attempt is detected, it triggers alerts of identity theft and fraudulent access. This robust verification method enhances security in various sectors like banking, border control, and healthcare, thereby enhancing fraud prevention efforts.

Digital Imaging Technology is Significantly Enhancing the Market Growth

Digital imaging technology is regarded as one of the most crucial drivers of the market. It allows high-resolution fingerprint scans, and efficient data storage and retrieval. AFIS strongly relies on this technology to accurately match fingerprints and enhance identification. With advancements in digital imaging, AFIS systems are becoming more reliable and accessible, fueling their adoption in law enforcement, border security, etc., thus propelling the overall market growth.

For example, capacitive fingerprint scanners and sensor devices create a digital image of the fingerprint ridges and valleys by capturing the electrical differences between these features on the skin's surface, which makes them an ideal choice for many businesses and industries. Moreover, their remarkable accuracy, speed, and secure authentication process are some of their benefits.

Image Acquisition for Biometric is Catering to Extensive Opportunities

Image acquisition for biometric applications fosters market opportunities by enabling more accurate and versatile identification methods. Advancements in image capture technology, including higher resolution sensors and multi-modal biometric systems, enhance the reliability and scope of biometric recognition. It has led to increased adoption in various sectors like finance, healthcare, and security, creating opportunities for market expansion. Additionally, the growing demand for contactless authentication further accelerates developing and deploying biometric image acquisition solutions.

For example, signal processing is the key to any biometric system, assessing image quality, conducting feature extraction, and performing pattern matching. Pattern matching assumes a vital role, involving the comparison of stored data templates with provided input samples. The pattern matcher evaluates these matches and forwards the results to the decision module for the final call.

North America Dominate the Automated Fingerprint Identification System Market

North America dominates the automated fingerprint identification system market due to advanced technological infrastructure, substantial government investments in law enforcement and security, and a robust demand for biometric solutions. The presence of major AFIS providers and research institutions, coupled with high awareness and adoption, contributes to North America's market leadership. Additionally, stringent border control measures and an emphasis on public safety have driven the integration of AFIS in various sectors, consolidating its regional dominance.

For example, in May 2022, Apple Inc. revealed in-display fingerprint sensors in iPhones, as the US Patent and Trademark Office has officially awarded the Cupertino company a patent related to utilizing optical fibers behind the screen. The innovation aimed to enhance biometric data capture faster and more efficiently.

Government Initiatives Accelerate the Market

Government initiatives are substantially influencing the automated fingerprint identification system market. Many governments worldwide mandate biometric identification for passports, national IDs, and immigration control. These initiatives drive the adoption of AFIS in public sector applications. Law enforcement agencies increasingly use AFIS to solve crimes and enhance security. Overall, government support and regulatory requirements propel the expansion of the AFIS market in various sectors.

For example, The Union Anti-Fraud Programme (UAFP) is committed to preventing and countering fraud, corruption, and illegal activities that harm the European Union's financial interests. It can be achieved through three distinct components, each aligned with specific objectives. These elements provide Member States and beneficiaries financial aid, facilitate mutual administrative support, and promote collaboration in customs and agricultural affairs.

Impact of COVID-19

The global automated fingerprint identification system market experienced distinct phases due to the advent of COVID-19 pandemic. Pre-COVID, the market was steadily growing, driven by increasing security needs, governmental mandates for biometric identification, and expanding applications in various sectors. However, the onset of the pandemic disrupted supply chains, delayed project implementations, and led to budget constraints, causing a temporary slowdown in AFIS adoption. Post-COVID, there has been a notable resurgence of interest in AFIS technology. The pandemic accelerated the demand for contactless and secure authentication methods, with biometrics gaining prominence as a hygienic alternative to traditional touch-based systems. The renewed focus on safety and security has revitalized the AFIS market, leading to its expanded adoption in healthcare, finance, travel, and other industries, shaping a dynamic present landscape for technology.

Global Automated Fingerprint Identification System Market: Report Scope

“Automated Fingerprint Identification System Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of global automated fingerprint identification system market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 16.3% between 2023 and 2030

Revenue Forecast in 2030

USD 26.5 billion

Units

Revenue in USD billion

Segments Covered

Component, Application, End-user

Regions Covered

North America, Europe, South America, Asia-Pacific, Middle East, and Africa

Key Companies Profile

Thales Group, Samsung Electronics Co. Ltd. (Samsung), Microsoft Corporation, Fujitsu Limited., HID Global Corporation, Sonda Technologies Ltd., Suprema Co., Ltd., East Shore Technologies, AFIX Technologies, Inc.., Dermalog Identification Systems GmbH, etc.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

In this report, the global automated fingerprint identification system market has been bifurcated into the following categories and segments: 

 1.       By Component

1.1.    Software

1.2.    Hardware

2.       By Application

2.1.    Image Acquisition

2.2.    Image Enhancement

2.3.    Indexing & Retrieval

2.4.    Fraud Detection

2.5.    Others

3.       By End-user

3.1.    BFSI

3.2.    Transport & Logistics

3.3.    Defense & Security

3.4.    Consumer Electronics

3.5.    Healthcare

3.6.    Residential

3.7.    Others

4.       By Region 

4.1.    North America

4.2.    Asia-Pacific

4.3.    Europe

4.4.    South America  

4.5.    Middle East and Africa

Key Players Landscape and Outlook

The automated fingerprint identification system market is witnessing notable progress, with major firms dedicated to developing fresh AFIS solutions to boost their market value and revenue. Substantial investments have been channeled into creating advanced wearable devices, while prominent collaborations, acquisitions, and partnerships are reshaping the industry as these companies pursue their objectives.

In November 2022, NEC Corporation announced an extensive campaign to promote its innovative multimodal biometric authentication solution, a flagship product within its "Bio-IDiom" brand. The innovative offering marks the world's first integration of NEC's top-ranked face recognition and iris recognition technologies, both acknowledged as No. 1 by the US National Institute of Standards and Technology (NIST). The solution is available for purchase in Japan, with a global market release in 2023.

Key Players Operating in the Global Automated Fingerprint Identification System (AFIS) Market are:

·         Thales Group

·         NEC Corporation

·         Microsoft Corporation

·         Fujitsu Limited

·         HID Global Corporation

·         Sonda Technologies Ltd.

·         Suprema Co., Ltd.

·         East Shore Technologies

·         AFIX Technologies, Inc.

·         Dermalog Identification Systems GmbH

Markets and Data reports answer the following questions:

·         What is the current and future market size of the product/service in question globally or specific to different countries?

·         How are the markets divided into different product/service segments and the market size and growth of each segment?

·         What is the market potential of different product segments and their investment case?

·         How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

·         What is the business environment and regulatory landscape specific to the product/service?

If you can't find what you're searching for or have any custom requirements for the global automated fingerprint identification system market, you may approach our team at info@marketsandata.com

Frequently Asked Questions

What are the major drivers influencing the growth of the automated fingerprint identification system market?

arrowup
Heart

Global Fraud Detection and Prevention Market Assessment, Opportunities, and Forecast, 2017-2031F

The global fraud detection and prevention market is experiencing robust growth as a result of the growing number of cyber-attacks and data breaches.....Read More

Published on

September 2024

4,500

Heart

Global Event Management Software Market Assessment, Opportunities and Forecast, 2017-2031F

The global event management software market is rapidly expanding due to the increasing demand for virtual and hybrid events, advanced data analytics, and enhanced attendee engagement, reflecting robust growth and innovation opportunities.....Read More

Published on

September 2024

4,500

Heart

Vietnam Semiconductor Market Assessment, Opportunities and Forecast, 2017-2031F

Vietnam semiconductor market is expected to experience growth due to continuous need of data protection, launches of training programs of semiconductors, and growing demand from other Asian countries.....Read More

Published on

September 2024

3,300

Heart

Japan Semiconductor Market Assessment, Opportunities and Forecast, FY2018-FY2032F

Japan semiconductor market is exponentially driven by the rising number of semiconductor plants, increased investments in semiconductor fabrication coupled with the global supply chain integration.....Read More

Published on

September 2024

3,300

Purchase Options

USD ($)

arrowdown

i

2,760

3,000

8%

i

4,050

4,500

10%

i

5,016

5,700

12%

i

6,970

8,200

15%

Tired of Searching?

Looking for Customization?

Some other doubt?

Need insights from a cohort?

REACH US

    icon_Five
    17, Okhla Industrial Estate Phase 3 Rd, Okhla Phase III, Okhla Industrial Estate, New Delhi, Delhi 110020
    call_Two
    +91 11 42343567
    icon_Six
    info@marketsandata.com
icon_Seven
5741 Cleveland street, Suite 120, VA beach, VA, USA 23462
call_Three
+1 (757) 343-3258
icon_Eight
190 Middle Road, # 14-10 Fortune Centre, Singapore -188979