Global Automated Fingerprint Identification System Market (2021-2026) by Component, Type, Application and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

The Global Automated Fingerprint Identification System Market is estimated to be worth USD 7.2 Billion in 2021 and is expected to reach USD 16.8 Billion by 2026, growing at a CAGR of 18.5%.

Market Dynamics

The major factor rising the automated fingerprint identification system is increasing crime rates and unsolved cases, which enable law force in the identification of criminals. In addition, the increasing need for security and tracking of personnel in the corporate, Government, and private sector have given rise to biometric fingerprint system. In some countries, the Government has introduced fingerprinting mandatory for identification proof. Furthermore, the adoption of the AFIS system as the lock of mobile to home doors has escalated the market growth. However, alternative identification systems such as facial or iris recognition are hindering market growth.

Recent technological advancement in the expansion of the Application of AFIS in various sectors is anticipated to create new opportunities during the forecast period.

Market Segmentation

The Global Automated Fingerprint Identification System Market is segmented based on Component, Type, Application, and Geography.

• By Component, the market is classified as software, services, and hardware. Amongst all, the hardware segment is estimated to hold the highest market share during the forecast period.
• By Type, the market is classified as Latent Searches and Ten-print Searches. Amongst the two, the Latent searches segment is estimated to hold the highest market share during the forecast period.
• By Application, the market is classified as Healthcare, BFSI, Government, Transportation, Electronics, Security and defense, and Others. Amongst all, the security and defense segment is estimated to hold the highest market share during the forecast period.
• By Geography, North America is projected to lead the market.

Recent Developments

1. IDEMIA and INTERPOL renew their partnership to Supply Brand New Multi-Biometric System. - 15th April 2021.
2. Qualcomm launched 3D Sonic Sensor Gen 2, in-display fingerprint scanning that is fast and reliable - it can identify prints even with wet fingers. - 11th January 2021.

Company Profiles

Some of the companies covered in this report are 3M Cogent Inc., Morpho SA, NEC Corporation, Fujitsu Limited, Suprema Incorporation, Crossmatch Technologies Inc., HID Global Corporation, Sonda Technologies Ltd. etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Automated Fingerprint Identification System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market