Fingerprint recognition is also termed as fingerprint identification sensors or fingerprint authentication. It is an automated method which verifies a match between two human fingerprints. It is a process which captures exact biological features of the finger prints in a live scan and compares an unidentified fingerprint against recognized existing fingerprints biometric template stored in the database. These sensors are used primarily to render authorization and authentication to the individual, and are often used as biometric authentication system for commercial securities. The fingerprint recognition systems are associated with formal attendance access control systems except for the fact that they provide real time fingerprint identification. Fingerprint recognition systems are also used by law enforcement agencies for criminal identification, authentication, and background check. These sensor systems have been unique and consistent over time and with enhanced technological advancements they have gained immense popularity worldwide. These automated systems are used in several applications such as voter registration, latent print matching, border control, national identity cards, e-passports, and public safety. These systems provide swift, reliable and ease of access to personal contact details, mails, payment information, location data, and various other form of encrypted data to an authorized person. Fingerprint sensors are day-by-day becoming more popular in consumer electronics such as tablets, smartphones, and laptops and are predicted to drive the future market.
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The global fingerprint recognition consumption market is expected to garner maximum profit during the forecast period, growing at a lucrative CAGR. Several government organizations worldwide are taking measures to better the security in response to escalated concerns from the threat of terror attacks over the safety of public. The national governments have delegated extensive expenditure on security measures, positioning emphasis on the technology to focus budding security issues. It is due to such proactive initiatives the fingerprint recognition market will witness considerable growth over the forecast period. With more and more smartphones possessing a fingerprint scanner, the mobile device is predicted to account for a major share of the fingerprint recognition systems market over the forecast period. This industry’s market is anticipated to experience substantial growth rate in the future owing to fast implantation of fingerprinting based authentication system in various application segments specifically by government. Other factors which fuel this industry’s market are – the requirement of simplified and secure user access to data and services and increased adoption of biometrics in banking and finance sector. However, factors like complex use of smartphone with fingerprint sensors, and lack of awareness pertaining to the security essentials and constraints are predicted to be the market hurdles of this industry.
Geographically, this market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Out of these, the European and North American market of fingerprint recognition systems have experienced huge adoption of such technology. In the United States, these systems are broadly used and managed by Federal Bureau of Investigation (FBI) for criminal identification purpose. Due to the increased demand for identification systems in automation, the Asia Pacific, and Middle East and Africa will probably witness a lucrative growth in this industry’s market. A few of the key market players of this industry are Suprema, Inc., Fujitsu Limited, Papillon Systems, NEC Corporation, 3M Cogent, Inc., M2SYS Technology, 4G Identity Solutions Pvt. Ltd., Sonda Technologies, and Biometrics4All, Inc., amongst others.
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