ABI: Fingerprint Sensors to Rise at 10.3% CAGR, Facial Recognition Dominant
Global shipments of fingerprint sensors for smartphones are expected to reach 1.26 billion units this year and increase at a 10.3 percent compound annual growth rate through 2023, despite competition from facial recognition, which will gain wider adoption, said ABI…
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Research Thursday. Top smartphone brands like Apple, Huawei, LG, Samsung and Xiaomi are driving market acceptance of facial recognition, and those apps will rise at a 26.9 percent five-year CAGR, it said. “End-users certainly have a lot of biometric upgrades to look forward to in the coming years.”