Biometric identification is a technology that realizes identity authentication based on human physiological features (face, fingerprint, iris, etc.) and behavioral features (posture, movement, emotion, etc.). Commonly used biometric technologies mainly include face recognition, fingerprint recognition, iris recognition, behavioral recognition, and gait recognition. With the development of biometrics, artificial intelligence, and other technologies, the biometrics market size has been growing steadily, and the global biometrics market size in 2019 will be approximately USD 20 billion. Fingerprint identification has the highest market share due to its comprehensive advantages, accounting for 58%. the outbreak of new coronary pneumonia in 2020 has prompted an increasing demand for contactless biometrics market, and in the future, contactless identification will be used in a large number of applications.

Market size continues to grow

Biometric identification is a technology that realizes identity authentication based on human physiological features (face, fingerprints, iris, etc.) and behavioral features (posture, movement, emotion, etc.). In human identity authentication, it is mainly through the computer and optical, acoustic, biosensors and biostatistical principles and other high-tech means of close integration, the use of the body's inherent physiological characteristics and behavioral characteristics to carry out the identification of personal identity. At present, the commonly used biometrics technology mainly includes face recognition, fingerprint recognition, iris recognition, behavioral recognition and gait recognition.

With the development of biometrics, artificial intelligence and other technologies, the size of the biometrics market is growing steadily, and the global biometrics market in 2019 will be about $20 billion, according to data from ICT.

Fingerprint recognition has the highest market share due to its comprehensive advantages

Divided by product, fingerprint recognition is the main identification method in the market structure of biometrics, accounting for 58% of the market, ranking first, with face recognition accounting for 18% of the market, followed by emerging iris recognition accounting for 7% of the market, and in addition to palmprint recognition and voice recognition The palm print recognition and voice recognition accounted for 7% and 5% respectively.

Contrasting different biometric technologies, fingerprint recognition as the global biometrics in the most used technology, its convenience, security, recognition costs relative to other biometrics technology has a comprehensive advantage, fingerprint recognition has a high degree of technical ease of use and convenience, in terms of security can also meet the daily use of the equipment cost is moderate, and therefore is widely used; face recognition of the The security of face recognition has been highly recognized by the market in the early stage, but in recent years, face recognition has frequently hit the lightning, which also triggered people's concern about the security of face recognition. Iris recognition and vein recognition, although with a high level of security, but the equipment to achieve the high cost and large volume, not easy to daily use, only used in some of the security level is very high scene, such as vaults, laboratories, archives, and so on.

Sub-regionally, in the biometrics industry, North America accounted for the highest share of 33.5%, followed by the Asia-Pacific region, 23.8%. The U.S. is the world's major biometrics market, China's biometrics market in the world, accounting for a relatively low, but China, as one of the world's fastest-growing economies, the future size of the biometrics market will maintain rapid growth.

Non-contact identification will be able to be applied in large quantities

In recent years, the biometric identification industry has developed rapidly, the industrial chain is basically formed, and the market size is growing rapidly. 2020 the outbreak of the new Crown Pneumonia, which has contributed to the non-contact biometrics market demand continues to increase. With the biometrics market new technologies continue to emerge landing, biometrics scene tends to diversify, product services tend to customize the development of multi-modal biometrics will be able to be applied in large quantities, the system security enhancement; 5G, artificial intelligence, big data, cloud computing and other technologies and biometrics combined to lead the industrial upgrading, and further digitalization, intelligent development.

-- For more data and analysis, please refer to the China Biometrics Industry Market Research and Investment Forecast Analysis Report by Prospect Industry Research Institute.