Favourable government initiatives and standards worldwide are expected to contribute to the industry growth over the forecast period. The governments across several countries have formed regulations governing the usage, gathering and disposal of biometric information by entities, however the affluence of these laws varies extensively over regions. For instance, in the U.S. state of Illinois with its Illinois Biometric Information Privacy Act, 740 ILCS 14/1, et seq. and Texas with its Bus. & Com. Code Ann. § 503.001 strictly regulate the use, revelation, and the final destruction of biometric data by a private entity. The state of Illinois, for example, according to the researchers, compels such entities to develop written policies describing their biometric data collection methods.

Popular in multi-modal systems

The use of fingerprint access control in government and commercial sector has contributed immensely to industry growth. Need for security is one of the key factors driving market demand. Multimodal biometrics based products have enticed popularity specifically in passport and e-IDs verification systems.

Some of the main findings in the fingerprint access control systems market report include the following interesting figures:

• Optical accounted for the largest market revenue share of 37.2% in 2023 mainly due to the rising need for enhanced security systems in sectors such as banking, government and healthcare.

• The electronics segment dominated the market with 23.5% in 2023. Significant growth is being witnessed in the commercial electronics sector, driven by the rising need for advanced security systems across different industries.

• Geographically speaking, the North American market for fingerprint access control systems dominated the global market with a 36.1% share in 2023, as in this region there is a growing appetite for high-tech security systems in both business and home environments.

Main players

Some of the key players in the fingerprint access control market and covered by Grand View Research in the report, include:  3M Cogent, Inc, Idemia, Bosch, Johnson Controls, NEC Corp., HID Global, Hitachi, Suprema, Unioncommunity Co., Matrix Systems and Lockheed Martin Corporation.