"Global Smart Home Digital Assistant (Voice) Market Insights, Development, Opportunities and Forecast for 2025" is the latest addition to the industry research report collection of MarketResearchReports.Biz.
Global market of biometric sensors for smartphones: Snapshot
It is forecast that the global biometric sensor market for smartphones will experience steady growth in the near future due to the increasing trend of the adoption of portable and smart devices. In addition to smartphones, ear pads, goggles, smart bands and smart watches are equipped with modern capabilities, such as biometric identification. These devices have the ability to identify biometric features of an individual, such as blood pressure and heart rate. It is also anticipated that the increasing use of portable devices will provide valuable growth opportunities to the market.
The ready availability of 4G network connectivity and the growing use of smartphones have proven to be extremely crucial for the adoption of mobile biometrics, which is projected as one of the latest developments in the global biometric sensor market for smartphones. Nowadays, there is a growing requirement to secure the financial data of a person that could be fulfilled with the use of mobile biometrics. Factors such as the use of mobile payments could also increase the demand in the market. The move towards systems based on biometrics from systems based on smart cards adopted by various organizations is predicted to increase market growth in the foreseeable future.
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Asia Pacific could show its prominence in the global market of biometric sensors for smartphones due to the increasing use of biometric fingerprint data in countries like India. The region has been interested in maintaining infiltration across borders in the bay, which requires the use of advanced systems such as biometric fingerprinting. Similar technologies have been increasingly used to monitor the attendance of employees in the region. Therefore, it is anticipated that market growth will be favored by the increase in investments in cross-border management and projects related to security.
The global biometric sensor market for smartphones could witness the presence of well-diversified regional and international players. The affordable price of products that offer a high level of accuracy could be an important factor that local actors would want to take advantage of. On the other hand, established players are expected to compete based on service, quality and characteristics.
A biometric sensor is a transducer that converts a biometric feature of a person, that is, voice, fingerprint and face, etc. in an electrical signal. The sensor measures or reads pressure, speed, light, temperature, electrical capacity or other types of energies. Different technologies can be accustomed to common digital cameras, the sophisticated network or the combination of sensors. Manufacturers of mobile devices adopt biometric forms of authentication to improve comfort and user experience for smartphones.
According to the International Telecommunications Union (ITU), in 2015, mobile broadband networks (LTE) have gained adoption by reaching nearly 4 billion subscriptions of the nearly 7 billion mobile users. It is expected that at least 1 biometric solution will be incorporated into smartphones with Internet access by the year 2025, which commonly includes fingerprint recognition sensors.
The biometric sensor market for smartphones is expected to witness a double-digit penetration rate by 2025. This industry growth is dominated by fingerprint sensors followed by new opportunities in biometric technologies such as eye recognition. Manufacturers are aggressively adopting the various modes of recognition technologies for physical access control applications. Eye recognition technology is expected to be the safest mode for secure mobile payments and electronic consumer authentication. It is expected that banking and other financial sectors will adopt these biometric implementations in payment and mobile banking applications.
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Companies are taking advantage of biometric technologies to ensure access to systems, applications and networks. Facial recognition, fingerprinting and voice biometrics are the three common biometric technologies, but companies are working to achieve other forms of biometric recognition, such as vein and iris detection.
It is expected that the technological advances in the virtual assistant will support the market demand for biometric sensors for smartphones over the foreseen time. Voice biometrics helps provide a significant improvement in the security of passwords. Voice biometrics is expected to be the most convenient and natural mode of interaction when considered to improve the user experience. Voice biometrics when combined with the virtual assistant allows for end-to-end voice interaction, allowing the user to experience true mobile commitment as the hands-free mode of interaction becomes.
The biometric sensor market for smartphones is segmented into speech, palm, eye, vein and palm recognition technologies. Face, iris and voice recognition technologies are expected to have the greatest growth potential, and the majority of the industry is dominated by the fingerprint sensor segment. The part of the fingerprint segment is attributed to its ease of use, reasonable performance, low costs and well-developed supply chain.
Security, payments and access to data are the three main functions of the biometric sensors of smartphones. The increasing adoption of smartphone links to daily activities often requires the storage of highly confidential information. Consumers are concerned about the security protection of their passwords. Multi-factor security access through biometric recognition gives smartphone users greater comfort and security. It is expected that biometric payments for point-of-sale (PoS) technologies for financial transactions will spread rapidly across all smartphones. For example, PayPal and ApplePay are working on the implementation of payment solutions based on biometric data to eliminate the need to carry credit cards or cash.
Biometric on-screen sensors are expected to be the next emerging technologies that help increase screen sizes. Currently, smart phone screens are limited by providing a home button that usually includes an integrated fingerprint scanner and camera. Most manufacturers have removed the start button frame by placing the scanner on the back of the device. Therefore, it is important to develop a sensor that can be inserted under the glass on the phone screen. Companies have started R & D for it and are in the launch phase. For example, LG Innotek has announced its fingerprint detection module under the glass for smartphones. Apple has demonstrated its exploration to integrate its Touch ID fingerprint detection system on the iPhone screen with patent applications. Apple, 3M Cogent, NEC Corporation, Fujitsu, ImageWare Systems, BioEnable Technologies, Mobbeel, M2SYS, SIC Biometrics and Precise Biometrics are the leading providers of the biometric sensor market for smartphones.
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