Fingerprint sensors are gaining traction globally, with the smartphone and tablet industry being the key drivers for growth. As sales of smartphone sales witness a surge, especially in China and India, the global fingerprint sensor industry has received a much-needed impetus.
In the western markets, smartphone sales have plateaued a bit; however, whenever devices with new features have been launched, consumers have shown a renewed interest to upgrade. Along with larger screens, higher resolution cameras, and ever-expanding internal memory, incorporation of fingerprint sensors is another key factor that’s making consumer consider the idea of buying a new phone.
Today, smartphones have become such an integral part of our daily lives. Their use is not only limited to making calls or staying connected with our loved ones on social media but also to order food, hail a cab, and money transfer. Considering the fact that our smartphones possess confidential information that shouldn’t be easily accessible to anyone, the need for fingerprint sensors has witnessed renewed interest in the recent past.
Although fingerprint sensors are currently limited to high-end devices, analysts are of the opinion that online security concerns will lead to more manufacturers adoption the technology in their forthcoming offerings.
Cloud Storage and Mobile Wallet Payments Boost the Case for Fingerprint Sensors
Two emerging technological trends are expected to further boost the adoption of fingerprint sensors in smartphones. These technologies are cloud storage and mobile wallet payments. As more and more consumer shun USBs and optical discs in favour of cloud, emphasis on maintaining privacy and confidentiality will increase. Further, mobile wallet payment apps are fast gaining traction in developing regions, giving e-commerce websites an alternative to charge payments in lieu of credit cards.
Apple started the fingerprint sensor revolution when it released its iPhone 5S in 2013. In the succeeding years, other smartphone manufacturers have followed suit, including Huawei Mate 7 and Samsung S6. It is estimated that nearly half of the smartphones shipped in 2016 will come equipped with fingerprint sensors.
In addition to their use in smartphones, fingerprint sensors are also expected to gain traction in the smartcard or biometric card industry. With the incorporation of a touch sensor and NFC in the smartcard, fingerprint sensors are being pegged as a holistic solution for the payment cards industry.
Although fingerprint sensors are being touted to replace existing methods of identification, including pins and passwords, the use of multi-level authentication cannot be ruled out. Instead of only relying on one method of identification, manufacturers can include a combination of fingerprint sensors and recognition through face/voice/password/pin/face/gyro sensors.
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