Asia Pacific Fingerprint Access Control System Market is predicted to grow at a CAGR of more than 7.5% over 2016-2023, driven by criminal activities, increased security concerns, and favorable government initiatives in countries such as India and China.
High crime rates in Brazil will contribute heavily to Fingerprint Access Control System Market share over 2016-2023. Furthermore, the unexplored sector of security systems and growing business landscape will drive regional demand.
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Increase in proportion of criminal & terrorist activities across the globe has created a great need for providing enhanced security to a wide range of applications in banking & finance, healthcare, military & defense, commercial, consumer electronics, and government sectors. These additional security measures are predicted to benefit the fingerprint access control system market over the coming years. Growing demand for security features in smartphones, personal digital assistants, and laptops are forecast to boost the fingerprint access control system market revenue over the coming seven years. Moreover, the rise in technological innovations coupled with favorable government policies towards access control are expected to be the key drivers for the industry growth over the coming years. Other factors fueling the market expansion includes introduction of new communication technologies like 3G, Wi-Fi, and 4G.
The fingerprint access control system market makes use of ultrasonic scanning, pressure, capacitive, thermal scanning, and optical scanning technologies to enhance safety features and provide security updates to counter malicious entry. The capacitive system segment is forecast to record a CAGR of 7.7% over the period of 2016-2023 as the readers are reliable, compact, cost-effective, and can be easily embedded into small equipment. Furthermore, these systems find myriad applications across healthcare, banking, entertainment, internet access, and consumer electronics industries as they help in preventing the fake enrollment. The optical scanning system segment is predicted to surpass USD 1.75 billion by 2023 owing to its exceptional features such as durability and high image quality. The ultrasonic scanning system segment is projected to witness a significant surge over the coming years due to its ability to record fingerprint through a high sound frequency as a result of which it is expected to find applications in smartphones for measuring 3D fingerprint images. As per Global Market Insights Inc.,” The fingerprint access control system market is anticipated to reach USD 4.76 billion by 2023, growing at a CAGR of 7.2% over the period of 2016-2023.”
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Key participants include Lockheed Martin Corporation, Aware, Inc., 3M Cogent, NEC Corporation of America, Cross Match Technologies Inc., and SecuGen Corporation. Other contributors include Safran Group, IDtech 360, Anviz Global, ZKTeco, Merkatum Corporation, Fingerprint Cards AB, Daon Inc., and Suprema Inc.
Glimpse of Table of Content (ToC)
Chapter 3 Fingerprint Access Control Market Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 Industry Impact forces
3.4.1 Growth drivers
184.108.40.206 Growing smartphone market
220.127.116.11 Favorable regulatory landscape
18.104.22.168 Increased security concerns
3.4.2 Industry pitfalls and challenges
22.214.171.124 High technology cost
126.96.36.199 Data security and privacy issues
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Competitor landscape, 2015
3.7.1 Competitive strategy landscape
3.8 PESTEL analysis
Chapter 4 Fingerprint Access Control Technology Insights
4.1 Fingerprint access control market share by technology, 2015 & 2023
4.2.1 Market estimates and forecast by region, 2012 – 2023
4.3.1 Market estimates and forecast by region, 2012 – 2023
4.4.1 Market estimates and forecast by region, 2012 – 2023
4.5.1 Market estimates and forecast by region, 2012 – 2023
4.6.1 Market estimates and forecast by region, 2012 – 2023
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