Biometrics market research: law enforcement, hospitality, fingerprint sensors and China
A handful of analyst firms have recently published reports exploring various areas of the biometrics industry, including the global biometrics market in the hospitality sector, China’s biometrics monitoring systems, biometrics in law enforcement, and capacitive fingerprint sensors.
TechNavio published the report, “Global Biometrics Market in Hospitality Sector 2016-2020”, which explores the global biometrics market in the hospitality sector by technology (fingerprint, facial, and vein).
The report outlines the market shares for key regions including APAC, Europe, Latin America, MEA, and North America.
The key vendors analyzed in this report are Crossmatch, Fujitsu, 3M Cogent, M2SYS, and NEC, as well as other prominent vendors like ACTAtek, Allegion, ePortID, Herta Security, Iris ID, IriTech, SecurAX Tech, SekureID, TENBIO, Trac-Tech, Tyco, and WatchGuard.
The report forecasts the global biometrics market in the hospitality sector to grow at a CAGR of around 27% from 2016 to 2020. The rise in adoption is driven by a need to safeguard the growing frequency of security breaches such as terrorist attacks and bombings in the past two to three years in the hospitality sector.
According to the report, biometrics in the hospitality sector is seen as the most accurate and reliable system because it eliminates manual inputs, identity card exchange, and time theft.
Based on the report’s findings, fingerprint identification accounted for the largest market share in the biometrics market in hospitality sector during 2015. However, this biometric method will eventually decline in its shares by the end of 2020 as fingerprints can be recreated easily.
QYResearch’s report, “China Biometrics Monitoring Systems Industry 2015 Market Research Report”, analyzes the current state of the biometrics monitoring systems industry.
The market analysis of China’s biometrics monitoring system industry includes development trends, competitive landscape analysis, and key regions development status.
Other key areas that are discussed in the report include development policies and plans as well as a full analysis of manufacturing processes and bill of materials cost structures. This includes import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
The report also highlights China’s leading industry players, development trends and marketing channels.
Frost & Sullivan released a report entitled “Enforcing the Law Using Biometrics”, which finds that the market earned revenues of $838 million in 2014 and estimates that the market will reach $1,129 million in 2021.
The report covers key biometric technologies in law enforcement including LiveScan, Mobile ID and AFIS.
Frost & Sullivan states that the key concern for vendors is the limited budget allotted for new biometric technologies, while unfavourable global economic conditions will only further cause governments to defer expenditure on new biometric technologies and reforms.
Meanwhile, the many opportunities for middleware and software vendors are driving efforts to improve biometric algorithms for higher accuracy in the law enforcement process.
As a result, those vendors that can successfully achieve this will be afforded greater opportunities in the law enforcement space.
“While the need for system maintenance will strengthen the biometrics market across mature economies, new product adoption will be the key factor fuelling growth in less mature geographies,” said Ram Ravi, a manufacturing 4.0 industry analyst at Frost & Sullivan. “Biometrics vendors will have to demonstrate their capabilities and establish a strong brand reputation to win tenders in these markets.”
Finally, System Consulting released a report entitled “Capacitive Fingerprint Sensors – Technology and Patent Infringement Risk Analysis”, which forecasts that the fingerprint sensor vendor Idex will see a 360% rise in the number of fingerprint sensor units in mobile devices between 2014 and 2017.
In addition to fingerprint sensor integration in smartphones, the market growth for fingerprint sensors is also supported by a new phase of IP development as seen by a substantial increase in the number of new patents related to capacitive fingerprint sensors since 2012, the report said.
The report highlights three major players in the capacitive fingerprint sensor market, including AuthenTec, Apple, Fingerprints Card (FPC) and Validity & Synaptics.
In addition, the report highlights the three major smartphone vendors that integrate these fingerprint sensors, including: TMDR92 (AuthenTec, Apple iPhone 5S), FPC1020 (Fingerprint Cards, Huawei Ascend Mate 7), VAL004A8-T (Synaptics-Validity, Samsung Galaxy S5) and B1202A0-01 (Synaptics-Validity, Samsung Galaxy S6).
Article Topics
APAC | biometrics | capacitive fingerprint sensor | China | Europe | hospitality | Latin America | law enforcement | TechNavio
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