In the next five years, the biometrics market will grow by 14% due to multiple factors.

As biometric technology finds a new niche in smartphones and expands to a wider range of mobile or business applications, coupled with users' increasing requirements for information security within devices, it has stimulated the industry to introduce multi-factor biometric authentication, further driving the booming biometric market...

The biometric market is expected to grow at a rate of 14% in the next five years, and the global market size will reach US$25 billion in 2020.

Biometrics mainly combines human characteristics with technology through sensors, and identifies people based on their different biological characteristics. Before the AI ​​market became popular, common biometric technologies were mainly divided into fingerprints and palm prints, and pedometers were also considered one of them. In recent years, AI has become popular, and a new generation of biometrics will also be popularized, with face recognition being the most representative technology.

Looking at the biometrics market in 2020, fingerprint recognition has a market size of 13 billion, accounting for most of the entire market. This is due to the popularization of fingerprint recognition technology in the past few years. The most common application is fingerprint punching, unlocking and other scenarios. However, biometrics technology is still in its early stages.

It is worth noting that the market share occupied by other parts in the chart. When the technical equipment becomes more mature and popular in the future, the scale of this market will gradually expand. The most representative technologies are veins, thoughts (brain waves) and other human vital signs.

This will also become a global trend after the AI ​​trend. One of the current visions of AI technology integration is to apply it to the prevention and treatment of major diseases, indirectly achieving the goal of extending human life. The focus of this stage is prevention. After all, the effect of early treatment of some diseases is much higher than that of late treatment. The treatment methods used are mostly physical, chemical, and radioactive. In the future, biotechnology will be a key technology to break through the current disease treatment methods.

The reason why this is still a small market share in 2020 is that biotechnology is much later than other technologies. The premise for the arrival of these future technologies is to lay a good market at the basic level, and then it will be promoted jointly by mature technologies, companies that occupy a major market share, and even countries.