Smartphone Biometric Sensors Market 2023 : Poised To Garner Maximum Revenues By 2024

The global smartphone biometric sensors market is predicted to witness a steady growth in the near future because of the high-growing trend of the adoption of wearable and smart devices. Besides smartphones, ear pods, eyeglasses, smart bands, and smartwatches are equipped with modern capabilities such as biometric identification. Such devices possess the ability to identify biometric traits of an individual, such as blood pressure and heart rate. The swelling usage of portable devices is also anticipated to provide valuable growth opportunities to the market.

The easy availability of 4G network connectivity and rising usage of smartphones have proven to be extremely crucial for the adoption of mobile biometrics, which is prognosticated to be one of the latest developments of the global smartphone biometric sensors market. Today, there is a growing requirement of securing the financial data of an individual which could be fulfilled with the use of mobile biometrics. Factors such as the use of mobile payments could also augment the demand in the market. The move toward biometric-based systems from smartcard-based systems adopted by several organizations is foretold to increase market growth in the foreseeable future.

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Asia Pacific could showcase its prominence in the global smartphone biometric sensors market due to the swelling usage of fingerprint biometrics in countries such as India. The region has been keen on keeping infiltration across borders at bay, which calls for the use of advanced systems such as fingerprint biometrics. Similar technologies have been increasingly used for supervising employee attendance in the region. Thus, the growth of the market is projected to be helped with increasing investments in cross-border management and security-related projects.

The global smartphone biometric sensors market could witness the presence of well-diversified regional and international players. Affordable pricing of products offering a high accuracy level could be a leading factor that local players would want to cash in on. Established players, on the other hand, are expected to compete on the basis of service, quality, and features.

A biometric sensor is a transducer which converts a biometric trait of a person i.e. voice, fingerprint, and face, etc. into an electric 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 or sophisticated network or combination of sensors. The biometric forms of authentication is adopted by the mobile manufacturers to enhance the user convenience and experience for the smartphones.

According to the International Telecommunication Union (ITU), in 2015, the mobile broadband networks (LTE) has gained adoption by reaching about 4 billion subscriptions out of almost 7 billion mobile users. At least 1 biometric solution is expected to be incorporate into internet enabled-smartphones by 2025 which commonly include fingerprint recognition sensors.

The smartphone biometric sensors market is expected to witness double digit penetration rate by 2025. This industry growth is dominated by the fingerprint sensors followed by new opportunities in biometric technologies such as eye recognition. The manufacturers are aggressively adopting the various modes of recognition technologies for physical access control applications. Eye recognition technology is expected to be the most secure modalities for secure mobile payments and consumer electronics authentication. Banking and other financial sectors are expected to adopt these biometric deployments in payment apps and mobile banking.

The enterprises are leveraging the biometric technologies to secure the access to the systems, apps and the networks. Facial recognition, fingerprint and voice biometrics are the three common biometric technologies but the firms are working on bringing other forms of biometric recognition such as vein and iris detection.

The technological advancements in the virtual assistant is expected to support the demand for smartphone biometric sensors market over the forecast timeline. Voice biometrics helps in providing significant improvement in security over the passwords. Voice biometrics are expected to be the most convenient and natural interaction modes when considered for enhancing the user experience. Voice biometrics when combined with virtual assistant enable end-to-end speech interaction allowing user to experience true mobile engagement as the mode of interaction becomes hands-free.

The smartphone biometric sensors market is segmented into palm, eye, face, vein, and voice recognition technologies. Face, iris and voice recognition technologies are expected to have the highest growth potential with majority of the industry dominated by the fingerprint sensors segment. The fingerprint segment share is attributed to their easy usability, reasonable performance, low costs and well-developed supply chain.

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Security, payments and data access are the three major functions of the smartphone biometric sensors. Rising adoption of smartphone linkages to the daily activities often requires storing highly sensitive information. Consumers are concerned about the security protection of their passwords. A multi-factor security access using biometric recognition provides smartphone users higher convenience and security. Biometric payments for Point of Sale (PoS) technologies for financial transactions is expected to spread rapidly across all smartphones. For instance, PayPal and ApplePay are working on implementing biometric based payment solutions to eliminate the need for carrying credit cards or cash.

In-display biometric sensors are expected to be the next emerging technologies which would help in increasing the display sizes. Currently the smartphones screens are limited by providing home button which generally features an embedded fingerprint scanner and a camera. Most of the manufacturers have eliminated the home button bezel by placing the scanner on the device’s backside. Therefore, it is important to develop a sensor which can be embedded under the glass into phone’s display. The companies have started R&D for the same and are into the launching phase. For instance, LG Innotek has announced its under-glass fingerprint sensing module for the smartphones. Apple has demonstrated its exploration into embedding its Touch ID fingerprint sensing system into the iPhone’s display with patent filings. Apple, 3M Cogent, NEC Corporation, Fujitsu, ImageWare Systems, BioEnable Technologies, Mobbeel, M2SYS, SIC Biometrics, and Precise Biometrics are the prominent vendors of the smartphones biometric sensors market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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