Biometric technology combines computer with high-tech means such as optics, acoustics, biosensors and biostatistics, and uses the inherent physiological characteristics of human body (such as fingerprint, face image, iris, etc.) and behavioral characteristics (such as handwriting, sound, gait, etc.) to identify individuals. According to different recognition methods, common biometrics include fingerprint recognition, iris recognition, speech recognition, vein recognition and face recognition. At this stage, fingerprint identification technology has the highest market share.
Fingerprint identification technology accounts for 58% in the application field of biometrics. It is the most widely used identification technology and plays a leading role; Face recognition and iris recognition technologies are growing rapidly, accounting for 7% and 6% respectively. At this stage, fingerprint identification technology is the most mature, with low cost, wide application range and high popularity; Face recognition needs no contact and is easy to scan, which is suitable for the field of public security; Iris recognition has high security but high cost, and the market still needs to be cultivated.
The popularity of smart phone market has increased rapidly. After the application of fingerprint recognition technology, face recognition and iris recognition have also been applied in mobile phone products. The large-scale use of biometric technology in the field of smart phones has promoted the rapid growth of the market scale of biometric industry. In 2006, the global biometric market scale was US $3 billion, which has grown to US $17.2 billion by 2017, and the market scale has expanded rapidly.
According to the report on in-depth market research and investment strategy recommendations of biometric industry in 2018-2022 released by xinsijie Industrial Research Center, with the gradual maturity of biometric technology, its recognition accuracy has been greatly improved, and the application scenarios tend to be complex and diversified. China’s biometric technology is at the world’s advanced level, and the market scale maintains rapid growth. From 2002 to 2015, the compound annual growth rate of China’s biometric market scale reached 50%. In 2016, the market scale was 12 billion yuan, with great development potential in the future.
China’s biometric technology application market can be divided into consumer market and system market. The consumer market is for individuals or families. The consumer market has high requirements for the cost performance of biometric products. Mobile phones are the main application fields. The application of fingerprint identification technology is mature at this stage. Except for medium and high-end mobile phones, its application has sunk to the low-end mobile phone market, and the penetration rate is increasing. Driven by Apple mobile phone, face recognition will be the next development trend of the consumer market.
System level market includes two categories: government oriented and enterprise oriented. The system level market has high requirements for the system integration ability of biometric products, and the products in demand are mainly concentrated in medium and large-scale system fields such as national security, public security and public interest. The requirements of the government and enterprises for the functionality, convenience and security of biometric products are constantly improving. The medium and large-scale system combining a variety of biometric technologies is the development trend of the system level market.
New thinking industry analysts said that at this stage, biometric technology is relatively mature, fingerprint recognition technology is widely used, face recognition and iris recognition technology continue to make new breakthroughs, and the recognition accuracy is greatly improved. Biometric technology is gradually mature, the application scenarios tend to be complex and diverse, and the recognition requirements of different scenes are different. The future development trend of biometric technology is to use different recognition technologies for different scenes, or combine multiple recognition technologies in one field with strict service requirements.
China’s biometric technology is at the international advanced level, and its application fields are mainly concentrated in mobile terminals, public security, finance and other fields. Compared with developed regions such as Europe and the United States, the market penetration is still low, and there is still much room for improvement in the future.