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Fingerprint Biometrics Market

Market Insights on Fingerprint Biometrics covering sales outlook, demand forecast & up-to-date key trends

Fingerprint biometrics Market Analysis and Review by Authentication Type (Single-Factor Authentication, Multi-Factor Authentication), by Offering (Hardware, Software), by Mobility (Fixed, Portable), by Industry Vertical and by Region- Forecast for 2023 to 2033

Fingerprint Biometrics Market Outlook

The Fingerprint biometrics market revenue in 2022 was US$ 20.3 Billion. The market is expected to reach US$ 67.1 Billion by 2033, as it is estimated to grow at a CAGR of 11.6% for 2023 to 2033.

Estimated Year (2023) Market Value

US$ 22.3 Billion

Projected Year (2033) Market Value

US$ 67.1 Billion

CAGR% (2023 to 2033)

11.6%

Top 5 Vendor Market Share

Around 40%

Fingerprint biometrics technology is comprised of advanced algorithms that are used to open a device or authenticate themselves on an application with a quick touch. This technology is compatible with any sensor, operating system, or platform and has a wide range of applications in consumer electronics, government & law enforcement, aerospace, healthcare, defence & military, banking, financial services and insurance (BFSI) as well as in the travel and immigration sectors.

The fingerprint biometrics market consists 34.8% of the global biometrics market.

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2018 to 2022 Fingerprint biometrics Market Demand Outlook Compared to 2023 to 2033 Forecast

Fingerprint biometrics market is estimated to grow at a CAGR of 11.6% for the forecast period compared to the historic CAGR for the period 2018 to 2022 of 7.6%.

Rising importance in immigration control and travel document verification, as well as growing international border security concerns, necessitate the need for such identity verification technologies, driving the global fingerprint biometric market growth.

Furthermore, the increased adoption of fingerprint biometrics in the healthcare & BFSI sectors, the emergence of multimodal biometrics, and the use of finger biometrics & automated fingerprint identification system (AFIS) technology in the government & automotive. Such factors present numerous opportunities for the advancement and adoption of fingerprint biometrics in the coming future.

Rising adoption of security & access control devices along with the rising trends towards multi-model or hybrid biometric systems are accelerating the Growth of the Fingerprint Biometrics Market

Security and access control devices are widely used for authentication across many platforms and institutions. Furthermore, the multi-model biometric recognition system authenticates users by utilizing various features (facial, iris, and fingerprint). It enables greater reliability, high-speed, and high-precision authentication in large-scale systems, resulting in increased utilization in a variety of fields.

Furthermore, these technologies protect the individual from spoofing or falsification, and government agencies all over the world use them for a variety of security-related tasks such as border control, law enforcement, human resources, national defense, healthcare, and enterprise security.

Sudip Saha
Sudip Saha
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Regional Analysis

North American region is analysed to dominate the global fingerprint biometrics market with the share of 24.1% in 2022 and South Asia Pacific region is growing at the fastest rate in the global Fingerprint biometrics market with the CAGR of 12.7% during the forecast period of 2023 to 2033.

Increased spending in the defense, BFSI and healthcare sectors along with the rising penetration of mobile & cloud biometrics are some of the major factors behind the wide adoption of fingerprint biometrics market in the North American region.

Growing High-security initiatives, smart city projects along with the high rate of adoption of biometrics by private as well as government enterprises coupled with the adoption of biometrics in healthcare, banking financial services & insurance and education sectors are some of the factors analysed to positively impact the growth of power amplified modules in the South Asia Pacific region in the coming future.

Country wise insights

Wide Penetration of User Identification Devices Along with The Increased Spending in The Defence Sector Due to The Rising Incidences of Terrorism Are Accelerating the Growth of Fingerprint Biometrics in USA Market

Integration of facial and fingerprint recognition technology to improve banking security, cross-validation of biometric data for inter-border & intra-border migration are some of the key factors behind the wide adoption of fingerprint biometrics technology in the USA

USA is analysed to dominate the global fingerprint biometrics market with the share of 13.3% in 2022. and is estimated to dominate the global fingerprint biometrics market over the forecast period.

Increasing Utilization of Aadhaar Cards Along with The Introduction of Digi Locker & UMANG Applications Are Providing Lucrative Environment for The Growth of Fingerprint Biometrics Market in India

Rising implementation of biometric technologies for individual identification and verification in various e-Governance applications like UIDAI (Aadhar), E-Passport, RSBY (Rashtriya Swasthya Bima Yojna), driving license, and so on. Other factors driving the Indian biometrics market include an increase in smart phone users, increasing the demand for fingerprint biometrics, improved internet connectivity, increased security concerns, and so on.

Indian region is growing at the fastest rate with the CAGR of 12.2% in the global fingerprint biometrics market, owing to the above mentioned factors.

Integration of The Biometric Technology for Transportation & In Passports Along with Their Increased Used in Educational Institutions Are Some of the Developments Ensuring the Growth of Fingerprint Biometrics Market in China

Increased use of biometric technology in surveillance systems & for defence purpose, along with the rising security threats along the international borders are providing favourable opportunity for the expansion of the fingerprint biometrics market in the Chinese region in the coming future.

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Category wise Insights

Why Single-Factor Authentication Have the Higher Market Share in the Fingerprint Biometrics Market by Product?

This market growth is attributed to the factors such as increasing volume of online transactions as a result of widespread adoption of digital banking systems, surge in ecommerce, and mandatory laws requiring large corporations to authenticate consumers using strong authentication measures and so on. Additionally, single factor authentication systems are quick & hassle-free, whereas adding an extra layer of security checks demotivates customers since it takes more time.

For these reasons single factor authentication segment is analysed to dominate the fingerprint biometric market with the share of 58.6% in the year 2022.

Why Hardware Segment Has the Larger Market Share by offering for the fingerprint biometrics market?

Hardware segment is analysed to dominate the fingerprint biometrics market with the share of 61.2% in the fingerprint biometrics market owing to the factors such as rising adoption of biometric cards, as well as increasing demand & production of biometric sensors and machines for installation in various locations like airports, offices & railway stations for security purpose and so on. These are the key factors behind the increased market share of fingerprint biometrics hardware.

Why Fixed Segment Has the Larger Market Share by Mobility for the Fingerprint Biometrics Market?

Fixed biometric authentication and identification is being used in a wide range of applications such as gaming, healthcare, retail, social media platforms and security. Many automakers are incorporating this technology into self-driving vehicles in order to improve the security of the vehicles. This technology is being used in the medical field for microsurgical procedures and so on.

Such factors are analysed to be the reason behind the dominate share of 62.2% of fixed segment in the fingerprint biometrics market.

Why Travel & Immigration Industry in Fingerprint Biometrics Market Has the Largest Share?

Travel & immigration industry for fingerprint biometrics market is analysed to have held the largest market share of 15.8% in 2022, owing to the factors such as several countries are updating their identification documents to include biometrics, which verify identity based on physical characteristics like iris, fingerprints and voice.

Furthermore, biometrics validation will provide citizens with secure access to both public and private services, and several government organisations are focusing on strengthening their security systems by ensuring biometric identi?cation of citizens for cross-border migration and transportation, making a lucrative environment for the adoption of fingerprint biometrics systems for the travel and immigration industry.

Competitive Landscape

Growing advancements in the development of sensors along with their rising integration in various devices, applications and security gateways are encouraging the research & investment in the development of the fingerprint biometrics market.

  • In December 2022, Aircuve had updated its two-factor authentication (2FA) technology to extend the support for fingerprint biometrics.
  • The update addresses work-from-home (WFH) applications and aims to assist larger businesses in adapting to security gaps.
  • In November 2022, Fingerprint cards collaborated with the Infineon Technologies to launch a biometric smart card for simple and easy authentication with the standard dual-interface payment system.

Scope of report

Attribute

Details

Market value in 2022

US$ 20.3 Billion

Market CAGR 2023 to 2033

11.6%

Share of top 5 players

Around 40%

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

USD Billion for Value

Key Regions Covered

North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa

Key Countries Covered

USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa

Key Segments Covered

Authentication Type, Offering, Mobility, Industry Vertical and Region

Key Companies Profiled

  • 3M Cogent
  • Crossmatch
  • Safran
  • Suprema
  • HID Global
  • NEC
  • Dermalog Identification Systems
  • M2SYS Technology
  • Northrop Grumman
  • Green Bit
  • Bio-key
  • ZKTeco
  • Integrated Biometrics
  • Crossmatch
  • OT-Morpho

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

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Fingerprint biometrics Market by Category

By Authentication Type:

  • Single-factor Authentication
  • Multi-factor Authentication

By Offering:

  • Hardware
  • Software

By Mobility:

  • Fixed
  • Portable

By Industry Vertical:

  • Government
  • Consumer Electronics
  • Military and Defense
  • Healthcare
  • Banking & Finance
  • Travel & Immigration
  • Automotive
  • Security
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

Some leading of the Fingerprint biometrics are 3M Cogent, Crossmatch, Safran, Suprema and HID Global.

South Asia Pacific is estimated to have the highest growth for the fingerprint biometrics during the forecast period of 12.7%.

Rising security concerns along with the wide adoption of online payment systems are the major drivers behind the growth of the fingerprint biometrics market.

Single-factor authentication type had the largest market share for the fingerprint biometrics of 58.6% in 2021.

Fingerprint biometrics software has the highest CAGR of 11.9% for the forecast period.

The market share of South Asia and Pacific for the year 2022 for the fingerprint biometrics was 14.4%.

North America had a market share of 18.4% in 2021 for fingerprint biometrics.

India has the highest CAGR for the forecast period, which is 12.2%.

The estimated market value for fingerprint biometrics for the year 2024 is US$ 24.6 Bn.

For North America region, the CAGR for the forecast period is estimated to be 8.5% for the fingerprint biometrics.

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Sudip Saha
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Fingerprint Biometrics Market