Technological Innovations

Forecast and analysis of the current market status and development trend of the global biometrics industry in 2021

Release Time: 2021-05-21

The global biometrics market has risen from US$12.6 billion in 2016 to US$24 billion in 2020 and is expected to be 2021. The annual market size of the biometrics industry can reach US$28.6 billion.

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Biometrics technology refers to the use of fingerprints, human faces, iris, veins and voiceprints and other inherent physical and behavioral characteristics of the human body, collecting data through biosensors, and using computer, optical and acoustic analysis and other technological means to identify individuals’ identities . The promotion of biometrics technology in finance, telecommunications, information security, e-government and other fields is accelerating. In particular, governments of various countries have gradually popularized the application of biometric technology in border security, electronic passports, and criminal investigations. In addition, cloud computing and e-commerce have also brought huge demand, and businesses such as mobile payment and online transfer have promoted the expansion of the biometric technology market.


Forecast and analysis of the current market status and development trend of the global biometrics industry in 2021



Market size

Forecast and analysis of the current market status and development trend of the global biometrics industry in 2021



In recent years, biometrics technology has become increasingly mature, application scenarios have continued to expand, and market scale has continued to expand. According to the Frost&Sullivan report, under the dual impetus of market demand and technological development, biometrics technology has achieved rapid development worldwide. The global biometrics market has risen from US$12.6 billion in 2016 to US$24 billion in 2020 and is expected to be 2021. The annual market size of the biometrics industry can reach US$28.6 billion.



Market share

Forecast and analysis of the current market status and development trend of the global biometrics industry in 2021



From the perspective of global market regional distribution, according to the Frost&Sullivan report, the market size of biometric technology in Asia Pacific, North America, Europe and other regions in 2019 was US$8 billion, US$6.4 billion, US$4.6 billion, and US$1.9 billion, respectively. 38.3%, 30.6%, 22.0% and 9.1%, the Asia-Pacific region occupies the world's largest biometric market.


Biometric technology


According to the Frost&Sullivan report, fingerprint recognition and face recognition are currently the most widely used biometric technologies on the market. These two technologies have higher ease of use and lower equipment cost advantages. The market share in 2019 is about approximately They are 56.0% and 21.1%. The iris recognition, vein recognition, and voiceprint recognition have a strong growth potential with the further maturity of related technologies.



Forecast and analysis of the current market status and development trend of the global biometrics industry in 2021

Multi-modal hybrid biometrics



In recent years, the global multi-modal hybrid biometric technology has developed rapidly. According to the Frost&Sullivan report, the global multi-modal hybrid biometric market has increased from USD 3.3 billion in 2016 to USD 6.1 billion in 2019. In 2019, multi-modal hybrid biometric technology accounted for 29.2% of the global biometric market. With its higher reliability and security, the multi-modal hybrid biometric technology will accelerate its penetration in major application scenarios in the future, and the market size will reach 9.2 billion US dollars in 2021.



Forecast and analysis of the current market status and development trend of the global biometrics industry in 2021

Future trends



❶ The accelerated development of multi-modal hybrid biometric technology


Multi-modal hybrid recognition technology has better recognition performance than single biometric recognition technology, increases the difficulty of forging human biometrics, and greatly improves product safety. Multi-modal hybrid biometric technology is not a simple superposition of biometrics, but new algorithms are developed based on the characteristics of different biometrics to improve calculation efficiency and accuracy. This requires companies to have an in-depth understanding of different biometric technologies and be able to optimize and innovate products through algorithms. In the post-epidemic era, multi-modal hybrid biometrics using multiple biometric technologies for fusion applications will become more flexible. You can choose appropriate fusion methods and weighting decisions based on different application requirements and scene changes to become the biometrics market. Development trend.


❷ The rise of non-contact biometric technology applications


Non-contact biometric technology mainly includes face recognition, palm vein recognition and iris recognition. With the development of technologies such as big data and artificial intelligence, face recognition has gradually matured in recognition accuracy. It is used in many scenarios such as access control and attendance recognition, real-name verification in banks, telecommunications, public security, and customs. Palm vein and finger vein recognition technology is currently mainly concentrated in the application of medium and small scenes such as ATM machines. With the development of wide dynamic image acquisition technology, palm vein recognition technology has also entered a growth stage, and its non-contact and concealment The characteristics of this can avoid the risk of information leakage. Iris technology has the characteristics of high accuracy and high difficulty in information collection, and is generally used in occasions with high security requirements. Due to its high accuracy rate, it is also suitable for unified and standardized identity authentication and identification at the national level.

 

Tag: Biometrics, face recognition

Brief Introduction: Founded in 2013, ShenZhen Jieyi Technology Co., Ltd. mainly focuses on Face Recognition Entrance Access software and hardware for years. We are a leading solution provider and manufacturer which integrates R&D, production and sales, we independently make the closed-loop of "AI algorithm + embedded software + hardware manufacturing", and provide high-performance products to the famous domestic and overseas Brands with OEM/ODM service.

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