International. Concerns induced by high rates of insecurity, such as terrorist attacks, mass shootings, and other criminal activities, are a determining factor in the growth of the fingerprint biometrics market. This is revealed by a report by Global Industry Analysts Inc. (GIA) entitled "Fingerprint Biometrics: A Global Business Strategy Report".
GIA projects that this market will reach US$10 billion globally in 2018, with physical access control applications primarily driving that growth.
Investments by governments to increase security infrastructure will foster the AFIS (Automated Fingerprint Identification System) fingerprint biometrics market, and the continued growth of mobile commerce should drive the non-AFIS fingerprint biometric market.
The report argues that silicone-based fingerprint sensors will make a profit in the non-AFIS fingerprint biometrics sector. Recent advances include miniaturizing sensors and extending their applications to other devices. Slip contact sensors are also gaining relevance in mobile phones and notebooks.
Regionally, the United States is the largest market in terms of global sales, but Asia-Pacific is growing rapidly with a 20% COMPOUND annual growth rate.
The report covers market trends, momentum factors, refers to the major participants, reviews the consolidation within the industry. It also contains trade estimates and projections for the US, Canada, Europe, Asia-Pacific, the Middle East and Latin America.
To access the full report see the website http://www.strategyr.com/
