Automated Fingerprint Identification System Market

Market outlook: 

Automated Fingerprint Identification System Market is estimated to reach a valuation of USD 68.1 Billion by 2032 over the forecast subjugating around USD 13.8 Billion valued in 2023, at a CAGR of 19% from 2024 to 2032. Automated Fingerprint Identification System (AFIS) is a biometric technology that digitally captures, stores and compares fingerprints for identification and authentication. Criminal investigations benefit from AFIS, which compares fingerprints to databases to help law enforcement organizations identify suspects and solve crimes. 

AFIS ensures secure and fast identity checks for travelers at the border and during immigration procedures. The increased use of biometric technology to improve security and identity verification in various industries such as administration, banking and healthcare is driving the market for automatic fingerprint recognition systems.

Automated Fingerprint Identification System Market

Size, by Product, - (USD Billion)

Hardware

Software

Services

Other Products

The Market will Grow

At the CAGR of:

19%

The Forecast Market

Size for in USD:

$68.1 billion

Key players:

1. NEC Corporation

2. IDEMIA

3. 3M Cogent

4. Morpho (Safran Identity & Security)

5. Gemalto (Thales Group)

6. Suprema Inc.

7. Aware, Inc.

8. Crossmatch (part of HID Global)

9. Dermalog Identification Systems GmbH

10. HID Global Corporation

11. M2SYS Technology

12. Bio-key International Inc.

13. Integrated Biometrics

14. Papillon Systems

15. Afix Technologies Inc.

16. East Shore Technologies

17. Sonda Technologies

18. SecuGen Corporation

19. ZKTeco Inc.

20. Bayometric

Recent Developments:

Tokyo, June 17, 2024 - NEC Corporation has successfully developed and demonstrated a radio-over-fiber system with a 1-bit fiber transmission method making it possible to affordably build stable millimeter-wave communication networks for Beyond 5G/6G. By utilizing this method, high-frequency analog signals can be transmitted using an inexpensive electrical-to-optical converter for general-purpose digital communications, thereby enabling the realization of a compact distributed antenna unit at low cost.

Reston, Virginia. June 11, 2024 – IDEMIA Public Security North America, the world leading secure identity solutions provider, in partnership with the New York State Department of Motor Vehicles has launched the next-generation of mobile ID. New York residents can now assert their identity securely and easily from their mobile phone by downloading the free app from either the Apple App Store or Google Play. 

Regional Analysis:

North America stands out as the most dominant region in the Automatic Fingerprint Identification System (AFIS) market. Known for its advanced technological infrastructure and significant investment in security solutions, the region is a leader in the adoption of AFIS technologies. Government initiatives aimed at strengthening law enforcement capabilities continue to fuel market growth. Europe and the Asia-Pacific region follow closely behind, both experiencing strong growth driven by growing security concerns and advances in biometric technologies. These regions will benefit from expanding applications in sectors such as government, banking and healthcare, which will contribute to the expansion of the AFIS market worldwide.

Automated Fingerprint Identification System Market

Share, by end user, (USD Billion)

13.8 billion%

Government Agencies

Commercial Enterprises

Healthcare Providers

Transportation Sectors

Other End-Users

68.1 billion

Total Market Size

USD (Billion),

19%

CAGR

-

Market segmentation:

By Type:

• Hardware: This includes physical components like fingerprint scanners and sensors that capture biometric data.

• Software: Includes applications such as matching algorithms that compare fingerprint data, and database management systems that store and retrieve biometric records.

• Services: Encompasses integration services for implementing AFIS solutions into existing systems, as well as ongoing maintenance and support.

By Application:

• Criminal Identification: AFIS systems are extensively used by law enforcement agencies to identify and match fingerprints from crime scenes with databases of known offenders.

• Civil Identification: Used for non-criminal purposes such as issuing passports, visas, and other identity documents where biometric verification is required.

• Access Control: Applied in various sectors including government facilities, banking institutions, healthcare settings, and transportation hubs to control access based on biometric authentication.

By End User:

• Government Agencies: Mainly law enforcement agencies for criminal investigations and border control, and government bodies for civil identification purposes.

• Commercial Enterprises: Primarily in banking and financial services for secure customer authentication, and in healthcare for patient identity management.

• Healthcare Providers: Utilized for patient identification to ensure accurate medical records and prevent fraud.

• Transportation Sectors: Applied for secure access to airports, train stations, and other transport facilities.

Automated Fingerprint Identification System Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

19%

The Forecast Market

Size for in USD:

$68.1 billion

Value Chain Analysis:

Value chain analysis identifies key stages and participants in the production and distribution of goods and services. Here are the key components in the Automated Fingerprint Identification System Market value chain:

• Raw Material Suppliers

• Component Manufacturers (e.g., hardware and software providers)

• AFIS System Integrators

• AFIS Solution Providers

• Government Agencies (End Users)

• Commercial Enterprises (End Users)

• Healthcare Providers (End Users)

• Transportation Sectors (End Users)

• Maintenance and Support Services

Porter’s Analysis:

1. Threat of new entrants: moderate. Large initial investments in technology and regulatory barriers present a challenge to market entry. Incumbent players benefit from economies of scale and strong brand recognition.

2. Bargaining power of suppliers: low. There are many suppliers of biometric hardware and software, which reduces their individual bargaining power. However, quality and technical compatibility are crucial.

3. Bargaining Power of Buyers: Moderate. Government agencies and large companies have moderate bargaining power due to the high transition costs associated with AFIS solutions. Price and quality of service are critical considerations.

4. Threat of substitute: Low. AFIS technology remains an integral part of security and identification systems, and few viable substitutes offer comparable accuracy and reliability.

5. Industry Competition: High. There is intense competition between big players like NEC, IDEMIA and 3M Cogent. Innovation, service differentiation and regulatory compliance drive competitive dynamics in this rapidly evolving market.

Key Benefits to Stakeholders:

• Automated Fingerprint Identification System Market analysis includes in-depth information on major industry players.

• Porter's five forces analysis helps to analyze the potential of buyers and suppliers and the competitive situation of the industry in strategy formulation.

• The report includes an in-depth analysis of the Automated Fingerprint Identification System Market forecast from 2024 to 2032.

• The report highlights the current global chlorine dioxide trends and the future scenario of the Automated Fingerprint Identification System Market from 2024 to 2032 to understand prevailing opportunities and potential investment pockets.

• Key drivers, restraints, and opportunities along with their detailed impact analysis are explained in the Automated Fingerprint Identification System Market study.

Key Market Drivers:

• Growing Security Challenges: The increasing global focus on improving security measures, especially in the areas of law enforcement and border control, is increasing the demand for AFIS solutions.

• Technological Advances: Continued innovations in biometric technology, such as the accuracy and speed of fingerprint identification, increase the attractiveness and effectiveness of AFIS systems.

• Regulatory compliance: Stringent regulations mandating biometric identification in various applications such as travel and financial services are driving the market growth.

• Growing Adoption in Civilian Applications: Extending beyond traditional law enforcement into civilian applications such as healthcare and banking is increasing market share.

• Integration with Internet of Things and Artificial Intelligence: AFIS integration with Internet of Things (IoT) and Artificial Intelligence (AI) technologies expands functionality and application versatility.

Key Opportunities:

• Emerging Economies: Untapped markets in developing regions offer significant growth opportunities as infrastructure development and security investments increase.

• The expansion of health care: the spread of biometric systems for patient identification and access control in health services.

• Smart City Initiatives: Integration of AFIS into smart city projects improves public safety and efficient management.

• Mobile Biometrics: The growth and integration of mobile biometric applications on smartphones and tablets.

• Cloud-based solutions: Demand for scalable, cost-effective cloud-based AFIS solutions for both government and commercial sectors.

Automated Fingerprint Identification System Market TO (USD BN)

CAGR OF

19%

Automated Fingerprint Identification System Market

68.1 billion%

Key Restraints:

• High upfront costs: Implementation of AFIS systems requires significant upfront investment, which can be a barrier to adoption, especially in smaller organizations or developing regions.

• Data Protection Issues: Overview and concerns about data privacy and data security risks related to the collection and storage of biometric data.

• Technical challenges: Integrating AFIS into existing IT infrastructures and ensuring compatibility with different hardware and software platforms.

• Regulatory Challenges: The evolving regulatory environment and compliance requirements in various regions and industries may impede market entry and expansion.

• Limited Public Awareness: Lack of awareness among potential end-users and stakeholders about the benefits and features of AFIS, which affects adoption rates.

Conclusion:

In conclusion, the Automatic Fingerprint Identification System (AFIS) market is poised for significant growth and is projected to reach $68.1 billion by 2032 at a CAGR of 19%. AFIS technology plays a key role in improving security in various sectors, from law enforcement and border control to civilian applications in healthcare and banking. North America is a dominant region supported by advanced infrastructure and strong IT security investments. Technological advances and regulatory initiatives are key factors, while challenges such as high start-up costs and regulatory complexity remain unresolved. Opportunities abound in emerging economies, expanding healthcare, smart city initiatives, mobile biometrics and cloud-based solutions that show promising opportunities for market expansion.