Global Automated Fingerprint Identification System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Automated Fingerprint Identification System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automated fingerprint identification system market report has been segmented on the basis of component, end user, and region.
Global Automated Fingerprint Identification System Market: Overview
Automated fingerprint identification system also known by its acronym, uses digital imaging technologies for obtaining, storing, and analyzing finger print data. It is a type of biometric identification system that is used for prevention of fraud and general identification. Automated fingerprint identification system is designed to read, match, and search latent prints, palm prints, fingerprint, and other data. It requires hardware such as fingerprint input modules, microcontrollers, dispalys, and software for this process.
Global Automated Fingerprint Identification System Market: Dynamics
Increasing adoption of automated fingerprint identification system in law enforcement agencies for initiations of criminals is a key factor propelling growth of the global market. Increasing investment in government sector for e-governance is another factor driving growth of the global automated fingerprint identification system market. Growing digitalization, coupled with increasing preference for online transactions among individuals are factors supporting growth of the global market. Furthermore, use of automated fingerprint identification system in security systems are factors expected to support growth of the global automated fingerprint identification system market over the forecast period.
However, concerns regarding data security and privacy intrusion are factors that may hamper growth of the global automated fingerprint identification system market. In addition, available alternatives such as face and iris scanners is another factor that could affect growth of the global market. Nevertheless, growing adoption of access control systems in government and commercial sector can create high revenue opportunities for players in the target market.
Global Automated Fingerprint Identification System Market: Segment Analysis
Among the end user segments, the government segment is expected to register high growth in terms of revenue over the forecast period. Increasing usage of automated fingerprint identification system for e-governance to provide convenience to the end user is a factor supporting growth of this segment in the target market. Banking & Finance segment is anticipated to register lucrative growth in terms of revenue in the near future.
Global Automated Fingerprint Identification System Market: Regional Analysis
Currently, market in North America dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period. Presence of prominent players and high adoption of automated fingerprint identification technology by various law enforcement agencies, especially in US are factors driving growth of the target market in this region. In addition, increasing use of AFIS for criminal investigation is supporting growth of the target market in North America.
Market in Europe is expected to account for second-highest share in terms of revenue, followed by Asia Pacific. Market in Asia Pacific is expected to register high growth in terms of revenue in the near future. Government initiatives to create unique identification cards, e-passports, or other identity cards on the basis of biometric information is a key factor fueling growth of the target market in this region.
Global Automated Fingerprint Identification System Market Segmentation:
Segmentation by Component:
- Fingerprint Input Modules
Segmentation by end user:
- Banking & Finance
- Others (Defense & Security, Consumer Electronics)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Northrop Grumman Corporation
- Textron Inc.
- Elbit Systems Ltd.
- L-3 Communications Corporation
- Thales S.A.
- Lockheed Martin Corporation
- Raytheon Company
- Leonardo S.p.a.
- Applied Research Associates, Inc. (ARA)
- Harris Corporation
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