Biometric fingerprint equipment market to reach $6.3 billion by 2012

Dublin-based research firm Research and Markets has just published “Biometric Fingerprint Equipment Market Opportunities, Market Forecasts, and Market Strategies, 2006-2012.” Access control is central to biometric market development. The driving market forces for commercial biometric fingerprint systems relate to demand for more granular intelligent security systems which provide more access control.

The law enforcement markets are anticipated to continue to grow at a rapid pace, joined soon by commercial and healthcare markets. The availability of sensors at a cost below $5 is the most significant market driver. The higher price sensors are for door and other applications for which people prefer a larger aspect presentation. Low cost and wide applicability of the technology will drive use in every industry. Forcasts indicate that biometric government identification programs, law enforcement, and commercial fingerprint equipment will grow from $427.4 million in 2004 to $6.3 billion by 2012.

-read more about the report at R&M Web site