Global Mobile Biometrics Market Inclined to Deliver Positive Growth Results until 2022

The Mobile Biometrics Market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The industrial consensus on developing intelligence in mobile devices drives the use of biometric technology. In the last few years, most of the smart phone companies have launched biometrics-enabled phones. While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.

Mobile biometrics is a technology used for security and authentication. The mobile biometrics market has witnessed enormous developments in the past few years. In the current scenario, consumer electronics industry holds the largest share of the market. Consumer electronics companies have shown extensive growth and hold a major share of the global mobile biometrics market. The mobile biometrics market is mainly driven by the strategic contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and other developments carried out by the players in market.

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Apple Inc. (U.S.), a world leader in consumer electronics, was ranked first in the mobile biometrics market in 2015. In 2015, fingerprint recognition was the most prominent authentication technology and Apple used fingerprint sensors in its offerings to provide more value to its customers. In 2012, Apple acquired Authentec, Inc., one of the leading providers of mobile and network security. The acquisition enabled Apple to incorporate Authentec proprietary technology in its offering.  Apple offers its own operating systems, namely, iOS and OS X; various application software services including iWork and iLife; and Apple TV. Apple was the first company to launch fingerprint recognition technology in smartphones and the trend is now being followed by other major consumer electronics vendors such as Samsung, HTC, and Motorola.

Safran SA (France) ranked second in the mobile biometrics market in 2015. Morpho Safran, a subsidiary of Safran SA, provides identification and detection systems. It is a major provider of biometrics technologies such as fingerprint, iris, and face recognition. The continuous development of advanced biometrics technologies and keyDNA technology identification has helped develop solutions which can be used in laboratories, police stations, or directly at the crime scene. There are very few companies providing DNA recognition technology in the market. Safran SA has launched some key products such as MorphoTablet secure, a multifunction biometrics tablet which is expected to give the company a competitive advantage. Safran had key contracts with some agencies such as FBI, to whom it provided palm print recognition technology.