Increasing security concerns, such as terrorist attacks, mass shootings and other criminal activity will be a factor in the growth of the fingerprint biometrics market, says Global Industry Analysts Inc. (GIA) in a new report entitled “Fingerprint Biometrics: A Global Strategic Business Report.”
GIA projects this market to reach $10 billion globally by 2018, with physical access control applications driving the growth. Investment by governments to increase security infrastructure will drive the AFIS fingerprint biometrics market, and continued growth in m-commerce should bolster the Non-AFIS fingerprint biometrics market.
The report states that silicon-based fingerprint sensors will see gains in the Non-AFIS fingerprint biometrics sector. Recent advancements include miniaturization of sensors and extending their applications in other devices. Swipe sensors are also becoming more prominent in mobile phones and notebooks.
Regionally, the U.S. is the largest market in terms of global sales, but Asia-Pacific is growing quickly, with a 20 percent CAGR, says GIA.
The report covers market trends, issues and drivers. It profiles the main players and reviews consolidation within the industry. It also contains market estimates and projections for the U.S., Canada, Europe, Asia-Pacific, Middle East and Latin America.