NEWSMar 30, 2018

Biological Recognition is Mature Enough for Further Expanded Apply

With development of social intelligence, the artificial intelligence, Internet of things, block chain and other emerging technologies has turned up. Biometric technology has also ushered in huge market potential and broad application prospects.

Biological recognition not only has a wide range of applications as well as huge demand in the field of public safety, with the continuous improvement of technology, biometric identification technologies such as fingerprint recognition, face recognition, iris recognition, voice recognition, vein recognition and rapid DNA profiling & DNA matching have been widely used in various intelligent electronic products and living facilities, achieving large-scale commercial use. A US consulting firm, Transparency Market Research, predicts that the global biometric technology market will have a compound annual growth rate of 15.7%, and will reach US$23.3 billion in 2020. Fingerprint recognition, face recognition and iris recognition are the three most widely used biometric technique.

Fingerprint Recognition

Fingerprint recognition is a kind of biometric technology that is relatively high in maturity and stability, and has the longest applied at present. In addition to traditional applications in encryption such as phone fingerprint unlocking, fingerprint identification access control system and fingerprint safes, the technique of using fingerprints for personal identification has long been used in various criminal investigation scenes.

Due to rapid rise of new-generation biometric technologies such as face recognition and iris recognition, some media believe that the market of fingerprint recognition will decline. However, throughout the smartphone market, although the iphone X has launched Face ID, the Andriod system has not yet developed any other biometric technology that can completely replace the fingerprint biometric technology, coupled with the rise of the fingerprint identification technology under screen, experts predict that most mobile phone brands including Nokia, Samsung, Vivo, Oppo, Miui and Huawei will continue to contribute on the fingerprint recognition chip market.

Face Recognition

Compared to other types of biometrics, the application of face recognition does not require user object to intentionally cooperate with the acquisition device. It can achieve facial acquisition in an unconscious state and is not easily perceived. Besides, face recognition technology can realize multi-face sorting and identification with more than 99% accuracy, which provides a lot of technical supports for intelligent security system.

Nowadays, face recognition technology is mature enough for further expanded apply. In addition to the national security field, its market applications in business, smart home, mobile phone manufacturers and etc., also tend to be improved. Alipay facial payment, face recognition access control system, bank counter face recognition, electronic product facial unlock and other application scenarios are rushed to come out. Experts expect that the face recognition market will continuously grow at about 20% over the next period, and the global face recognition market will reach US$7.595 billion by 2022.

Iris Recognition

The intricate details of iris and its stable life structure make iris recognition becomes the most accurate and difficult to duplicate biometric technology. Although the cost of iris recognition is relatively higher than other biometric technologies, with the features of high efficiency, convenient and precision, the application of iris recognition in the fields of finance, medical care, public security and smart life is in the ascendant.

According to relevant report, Singapore’s parliament recently announced that “all inland and port checkpoints in the country will be fully enabled to use iris biometrics through the checkpoint within two years”, fully promoting the efficiency of the Singapore Immigration and Checkpoints Authority (ICA). Furthermore, Google proclaimed that it will be committed to implementing the native support of Android 9.0 system for iris recognition, with allowance of direct calls from third parties as well. According to industry forecasts, the market share of iris recognition technology will increase from 7% in 2015 to 16% in 2020, with compound annual growth rate of more than 36%.

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