Global biometric adoption rises as smartphone prices decline
Acuity Market Intelligence published “The Global Biometrics and Mobility Report“, which reveals that the quarterly average price of a biometric smartphone decreased from $849 in Q1 2013 to $276 in Q4 2016.
The report states that there are now 120 sub-$150 models on the market at an average price of $116, a significant increase from the 28 biometric models available a year ago at an average price of $127.
There are currently 87 handset vendors offering biometric smartphones, with ZTE leading the market with a 7% model share.
Huawei has the second largest market share at 6.2%, followed by Lenovo, Xiaomi and Coolpad, which each have about 4% share of the market, the report states.
Samsung biometric smartphone models have a 3.4% market share, while another 22 vendors each offer at least 1% of the total number of models.
The remaining 59 vendors are collectively offering 35% of the current market’s biometric smartphone models, according to Acuity’s research.
“India’s government recently called for domestic handset manufactures to develop $30 smartphones,” said Maxine Most, principal at Acuity Market Intelligence. “Integrating biometrics into smartphones at this price point would not only transform the Indian market of one billion, but would pave the way for mass replacement of traditional handsets across Asia, Africa, and the rest of the developing economies creating a globally available, universal biometric authentication platform.”
Despite Android being the principal operating system powering 97% of all biometric smartphone models, Apple’s handful of iPhone models lead the market with a 45%-unit share of the nearly one billion biometric smartphones in use today, the report states.
With 87 vendors in 22 countries offering 500 biometric smartphone models at rapidly declining price points, the report forecasts that the global accessibility of biometric smartphones will ultimately reshape the market landscape.
Acuity’s “Biometric Smartphone Update” report details the range of biometrics smartphone available on the market including brand, model, biometric mode, sensor, OS, price, availability, and links to detailed specifications and reviews.
In addition, the report provides unit and revenue forecasts for biometric smartphones, tablets, and wearables, and biometric apps and payment.
Earlier this month, Acuity Market Intelligence published its latest ‘Biometric Smartphone Update’, which revealed that the number of smartphones incorporating fingerprint or eye-based biometrics doubled since January 2016.