Foreign investment in the fingerprint recognition market may shrink by 15% in 2019
The U.S. Department of Foreign Investment recently released a research report highlighting that fingerprint recognition continues to be valued for its balance between security and convenience, making it a key feature in smartphones. However, the growth of this technology has slowed down in recent years. According to the report, the fingerprint penetration rate for non-tablet mobile phones in 2019 was only 63%, which fell short of the previously projected 75%. In emerging markets outside mainland China, consumers are no longer viewing fingerprint scanning as an essential feature.
Additionally, the U.S. Department noted that the average price of fingerprint identification chips may drop more than expected this year, driven by the introduction of cost-effective solutions and increased market competition. Currently, the industry's leading fingerprint sensor chips are priced around $1, while new vendors are offering similar products at approximately $0.80. This is significantly lower than the $2 to $2.5 range seen just a year ago.
Topo Industrial Research Institute also pointed out that the Android ecosystem has yet to develop a biometric technology that can fully replace fingerprint recognition. As a result, fingerprint scanning is still the preferred choice for most smartphone models. Moreover, advancements in under-screen fingerprint technology are expected to gain traction, with major brands like Samsung, LG, OPPO, vivo, Xiaomi, and Huawei likely to adopt this innovation. This development is anticipated to push the global smartphone fingerprint penetration rate to 60% in 2018.
Since Apple introduced fingerprint technology in 2013 with the acquisition of Authentic, the Android camp has gradually integrated it into devices for unlocking and mobile payments. However, the full-screen trend that gained momentum in 2017 led to changes in biometric approaches. While Apple shifted to FaceID to replace TouchID, the Android community also began exploring alternative biometric solutions.
Although under-screen fingerprint solutions can increase the average selling price and gross margin, they align with the growing demand for full-screen designs. A recent investigation by the U.S. Department of Foreign Investment revealed that at least five companies in the U.S. and mainland China are investing heavily in this technology, aiming to capture market share. Leading smartphone brands may soon place orders that could intensify competition in the sector.
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