Consumer Fingerprint Shipments Surpass 1 Billion Shipments but End-Users Ready to Adopt Multimodality
OYSTER BAY, New York, May 30, 2018 /PRNewswire/ -- The battle for the future of biometric modalities in consumer electronics is expected to become fiercer with each passing year as face and iris recognition are continuously gaining strength, threating to soon cannibalize on fingerprint technologies. ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies, posits that as ASPs for iris modules drop, and the once timid face recognition is continuously honed with more sophisticated machine learning algorithms, they will both slowly start to eat away at fingerprint implementations.
Apple's choice to forego fingerprints and focus on face recognition for the iPhone X and Samsung's choice to focus on iris recognition for the Galaxy S8 and S9 have fast-tracked this realization. However, fingerprint technologies won't go down without a fight as multiple innovative vendors including FPC, Qualcomm, Synaptics and Goodix introduce more robust, spoof-resistant sensors and a brand new "poster-boy" for fingerprints: the invisible, under-display sensor.
"Even though fingerprint sensor ASPs have taken a significant hit over the last couple of years, total fingerprint sensor shipments for the entire consumer market is still estimated to reach 1.2 billion worldwide for 2018, thus ensuring its market dominance," comments Dimitrios Pavlakis, Industry Analyst for ABI Research. "However, from established markets such as banking and payments to emerging ones like automotive and future-looking ones including robotics, we expect to see an increase in multi-modal applications and a scenario where biometrics is a critical component of a user's digital ID in the emerging IoT ecosystem." With the rise of card-less biometric ATMs developed by Diebold Nixdorf and Samsung, automotive investments by major car OEMs like GM, Nissan, BMW and Volvo, and governmental mandates in APAC seeking to expand biometrics further into banking, consumer, and telecoms, the single-modality pattern will shift radically.
"Multimodal user authentication in the Internet of Things will not be another gimmicky option – it will be the security norm," concludes Pavlakis. Established vendors are advised to plan accordingly and expand their biometric portfolio depending on the choice of market vertical.
About ABI Research ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI's own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture. For more information about ABI Research's forecasting, consulting and teardown services, visionaries can contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.