Fingerprint Access Control System Market size forecast to be valued at USD 4.76 billion by 2023 - PowerPoint PPT Presentation

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Fingerprint Access Control System Market size forecast to be valued at USD 4.76 billion by 2023

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Fingerprint access control system market size is forecast to witness growth at 7.2% from 2016 to 2023 to be valued at USD 4.76 billion by 2023; as per a new research report by Global Market Insights, Inc. Multimodal biometrics based products have attracted popularity especially in e-IDs and passport verification systems. Integration of biometrics with consumer electronics particularly in smartphones has made the technology easily accessible for the public. – PowerPoint PPT presentation

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Title: Fingerprint Access Control System Market size forecast to be valued at USD 4.76 billion by 2023


1
Fingerprint access control system market size
forecast to witness growth at 7.2 from 2016 to
2023 to be valued at USD 4.76 billion by 2023
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Fingerprint Access Control
System Market
  • Capacitive systems are forecast to grow at a CAGR
    of 7.7 from 2016 to 2023. This technique makes
    the reader reliable as it is more difficult to
    fake enrolment.
  • Optical fingerprint scanners market is likely to
    exceed USD 1.75 billion by 2023. These products
    are expensive however, this is offset by factors
    such as high image quality, longer life, and
    robustness.
  • Ultrasonic scanning technique records fingerprint
    by very high frequency sound and is expected to
    be used in smartphones to measure 3D fingerprint
    images. Thermal scanning measures temperature
    differences over time as the finger is moved
    across a narrow array of sensors.

3
Continued
  • Government and commercial sectors dominated
    fingerprint access control system market share in
    2015. Consumer electronics applications had a
    small revenue base, but are forecast to grow at
    over 10 CAGR over the forecast timeframe.
    Growing personal electronics industry that
    includes smartphones, tablets, and PCs is
    responsible for high estimated growth.
  • Europe fingerprint access control system market
    size is projected to reach USD 1.12 billion by
    2023. Growing biometrics incorporation in
    healthcare and consumer electronics is estimated
    to propel the U.S. and Asia Pacific industry.
    Other drivers include untapped private security
    sector, rising business formation activities, and
    high crime rates. Mandates for security
    enhancement in government and law enforcement
    agencies will continue to encourage spending on
    biometric technologies.
  • Notable participants comprise NEC Corporation, 3M
    Cogent, HID Global, Safran Group, Suprema, etc.
    Service providers have expanded product portfolio
    beyond security solutions to ensure applicability
    in the consumer sector.

4
Japan fingerprint access control system market
size, by technology, 2012 - 2023 (USD Million)

5

Browse Full Market Research Report On
Fingerprint Access Control System Market _at_
http//goo.gl/rjGCdM Request for a Sample of
this Research Report _at_ https//www.gminsights.com/
request-sample/detail/382
6
360 Analysis
  • Application Analysis
  • Consumer electronics is projected to be the most
    attractive application area, with growth
    prospects of over 10 over the forecast period.
    Increasing trend for more than one device per
    subscriber and enhanced functionality in mobile
    devices is expected to contribute to segment
    growth.
  • Regional Analysis
  • U.S. fingerprint access control system market
    share is predicted to surpass USD 1.3 billion by
    2023. Growth in foreign investment, untapped
    private security sector, rising business
    formation activities, and high crime rates are
    expected to contribute to Latin America and Asia
    Pacific industry growth.
  • Competitive Market Share
  • Players in the industry practice high degree of
    innovation and customization to provide unique
    solutions to existing and potential customers.
    Service providers have not restricted themselves
    to security solutions but are exploiting
    implementation of the technology in day-to-day
    consumer applications.


7
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