Global Fingerprint Scanner Market Overview
According to Global Market Monitor, the global fingerprint scanner market size will be $2516.09 million in 2024 with a CAGR of 8.72% from 2024 to 2029.
A fingerprint scanner is a device that identifies a person by scanning a fingerprint to grant or deny the user access to information or to approve transactions. Fingerprint scanners are widely used in identity authentication occasions such as banking, public safety, military, healthcare, computer systems, and networks.
Governments and businesses are increasingly adopting biometric authentication.
Governments use biometrics in many different areas, including managing borders, defense, screening employees, healthcare, and security. In the past, immigration and crime database checks were performed on passengers' biometric information at the airport. With increasing fraud in government jobs and employee attendance, many governments have made biometric authentication a requirement for many services and activities, such as changing from printed IDs to electronic IDs. As the field of entrance and exit management and control is gradually developing towards self-service and unmanned, border control biometric technology and air travel biometric technology are becoming more and more popular. Mobile phones with biometric functions are participating in a wide range of services through applications, providing a device foundation for the rapid development of future e-government applications.
The increasing adoption of fingerprint sensors in industrial and office space to track employee entry and exit time is also driving the growth of the fingerprint scanner market revenue. The attendance machine is an important product for scientific human resource management in office scenarios. Traditional attendance methods include manual attendance, plug-in card attendance machines, barcode attendance machines, and magnetic card-type attendance machines. The use of new technologies includes biometric attendance machines, cloud attendance solutions, etc. With the further improvement of enterprises' administrative management requirements, the improvement of enterprises' intelligent office level, and the further penetration and integration of biometric technology and Internet of Things technology in the field of attendance, the fingerprint scanner market is expected to further expand.
Market Competition
Fingerprint scanners are by far the most widely used biometric technology. The popularity and demand for fingerprint scanners have also attracted more and more companies to develop similar devices. Mass production and economies of scale help manufacturers reduce costs because they can profit by selling more of their product instead of keeping it expensive. Intense competition drives fingerprint scanner manufacturers to offer more affordable devices, attracting customers and continuing the virtuous cycle. With successful applications in access control, citizen identification, border defense, and law enforcement, fingerprint scanner technology is developing rapidly and has a bright future.
The major players operating in the Fingerprint Scanner market include IDEMIA, Thales Group, NEC, HID, Anviz Global, etc. Among these, IDEMIA ranked top in sales and revenue in 2024 with a share of 18.71%.
Company Name |
IDEMIA |
Website |
www.idemia.com |
Established Time |
2017 |
Plants Distribution |
France |
Sales Region |
Worldwide |
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