Market Share of Consumer Biometrics Industry
The providers of consumer biometrics market are adopting an aggressive pricing strategy to gain a competitive edge in the market. Many companies are increasing their market presence by introducing new products or solutions or by entering into strategic mergers and acquisitions. For Instance, in June 2019, Assa Abloy signed acquired the international identity solutions business of De La Rue, a leading passport manufacturer based in the United Kingdom. De La Rues International Identity Solutions business is a strategic technological addition to the company.
- February 2020 - Goodix has developed some innovative fingerprint solutions, which will power up advanced 5G flagship experiences with dual commercialization, which are Huawei Mate Xs, and Realme X50 Pro 5G. These innovations will result in better positioning of the company.
- January 2020 -Next Biometrics Group SA received an order for UIDAI and STQC certified fingerprint biometric readers in India, with a value of USD 750,000. The customer provided a 20% upfront payment, and the first readers are in transit. The purchase order reflects the increased demand for biometric solutions, primarily those related to the Indian Government's Aadhaar program, which continues to provide NEXT with opportunities to expand its share in the growing Indian market.
- November 2019 - Synaptics Inc. announced its expansion into the automotive segment, with the launch of its fingerprint biometrics for the automotive industry. The company is expected to roll out these solutions to the global market in the first half of 2020.
Consumer Biometrics Market Leaders
Apple Inc.
IDEX Biometrics ASA
Assa Abloy AB
Idemia France SAS
Synaptics Inc.
*Disclaimer: Major Players sorted in no particular order
