Friday, August 07, 2009 8:36:27 AM
US demand to grow 10+% per year through 2009
The US market for biometric and other electronic access control products and systems will increase more than ten percent per year through 2009 to $7.2 billion. Technological innovation, relatively high crime rates, falling prices, and ongoing fears of terrorism will all remain important growth drivers, bolstered by an expanding economy and a boom in fixed investment markets such as offices and lodging places. Government efforts to bolster homeland security, ranging from research and testing to the development of open standards to direct financial support, will also spur demand.
Biometric systems to grow the fastest
Biometric systems enjoy especially strong growth prospects, with annual gains expected to approach 30 percent. Along with fingerprint and hand geometry systems, which have already achieved some commercialization, nonintrusive biometric technologies such as facial and voice recognition hold the potential to develop into fairly sizeable markets over a comparatively short time. Iris scanners, which offer extremely accurate personal identification, also hold favorable prospects. Smart card-based access control systems will log double-digit annual gains, albeit from an even smaller base than biometrics.
http://www.the-infoshop.com/report/fd33172-biometric.html
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