Innovations in Biometrics for Consumer Electronics

LONDON, March 10, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Innovations in Biometrics for Consumer Electronics

This research service covers key biometric technologies and applications in the consumer electronics sector. Applications enabled by biometric technologies that are expected to have high impact in the near-term and medium-term are captured in the research service. It also covers various dimensions that shape biometrics for consumer electronics market such as year of impact and market opportunities; technology adoption status; and market impact of key innovations. The research service also covers the breadth of applications benefited by biometric technologies. Funding trends, megatrend impact and potential points of convergence are also covered to provide a complete view of the biometric technologies and their impact on the intended market.

Research Outline

Biometric identification is one of the most secure ways for user identity authentication and while integrated into consumer electronics devices, it can act as a person's digital identification. The Technical Insights division of Frost & Sullivan evaluated key technology trends in the biometrics for consumer electronics domain from nine strategic perspectives.

The research service offers insights primarily on nine dimensions of biometrics for consumer electronics market.

The 9 dimensions of the reports can be listed as:
•Year of impact
•Market Potential
•Global Footprint
•IP Intensity
•Funding
•Breadth of Industries
•Megatrend Impact
•Potential Points of convergence
•Size of Innovation Ecosystem

Research Scope

This research service covers key biometric technologies and applications in the consumer electronics sector. Applications enabled by biometric technologies that are expected to have high impact in the near-term and medium-term are captured in the research service. It also covers various dimensions that shape biometrics for consumer electronics market such as year of impact and market opportunities; technology adoption status; and market impact of key innovations. The research service also covers the breadth of applications benefited by biometric technologies. Funding trends, megatrend impact and potential points of convergence are analyzed alongside to provide a complete view of the biometric technologies and their impact on the intended market.

Key Findings

Year of impact
Wide scale adoption expected by 2015
Biometrics is all set to emerge as a new source of revenue within the industry by 2013. By 2015 wide scale adoption is expected.

Market Potential
High-growth expected – Mobile phone Will Lead the market
Mobile phone industry is the key growth area of the future and is expected to have the largest share in the biometrics for consumer electronics market by 2015-17.

Global Footprint
Faster Adoption in Asia and USA
USA is a rapidly growing market though its rate of penetration in the biometrics for consumer electronics market is currently lower than Asia .Major consumer electronics market participants such as Apple, Microsoft, Google are integrating biometrics faster. The Asian market is also progressing with wide user adoption and major mobile phone manufacturers such as Samsung, LG, Sony, HTC and so on. All the major mobile phone manufacturers are racing against each other to introduce biometric-enabled phones.

IP Intensity
Fingerprint Technology Leading – All major players Involved
Patents in the Biometrics for Consumer Electronics industry are largely owned by USA, Japan, Korea while Europe is not too far behind. Fingerprint technology dominates the patent landscape.

Funding
North America Leading
Venture Capitalists are playing important role in funding. Current funding activities are mostly concentrated in North America region.

Breadth of Industries
Mobile Phone Industry holds the key to success
Biometric capabilities will influence diverse consumer industries such as mobile phones, computers/laptops/notebooks/tablets, gaming and television. Biometric authentication us gaining more traction as corporations focus more on identity verification, and device security amid the growing trend toward enterprise mobility. Mobile phones industry is being considered as the most potential industry.

Megatrend Impact
New Business Models of tomorrow
Biometrics in consumer electronics products is enabling new business models such as pay as u go, mobile commerce, NFC-enabled transactions. Biometrics for consumer electronics is also perceived to have a strong impact on social trends, connectivity and convergence, bricks and clicks, health, wellness and well-being.

Potential Points of convergence
Mobile Commerce Enabled By NFC and Biometrics
For mass adoption of mobile commerce, consumers must be assured that security measures protecting their devices are strong effective. Mobile payments is going to experience explosive growth in near future and security is of paramount concern here. Combined capabilities of NFC and Biometrics will ensure the high adoption of mobile commerce.

Size of Innovation Ecosystem
Active stakeholders promoting growth
Integration of biometrics in consumer electronics is an emerging trend. As biometrics is an established technology and in use for other applications for quite a long time, the number of biometrics stakeholders is high. Now these stakeholders are rapidly identifying the opportunities in consumer electronics and using their know-how to offer solutions dedicated to consumer electronics market.

Technology Snapshot

Overview
"Biometrics" allow identification or authentication of a person based on a physiological or behavioral characteristic. Features such as fingerprint, voice, face, iris, hand geometry, vein are measured. Biometric technologies have quickly become the foundation of highly secure personal verification and identification solutions, namely in unauthorized immigration, visa frauds, border intrusion and so on.

Significance
Apart from its use in government security applications, biometric technologies are finding increasing opportunities in consumer electronics market over the past few years.
As people are increasingly cramming sensitive information into their computers and smartphones, they are becoming more concerned about identity theft and financial fraud. Thus the need for highly secure identification and personal verification technologies is becoming apparent in consumer electronics market.

Key Strengths
Unique: Instead of basing identity authentication on what someone possesses or what someone knows, biometric identification is based on what one is, or how one behaves.
Convenient: Biometric sensors eliminate the need for the user to write down passwords, greatly reduce calls to help desks and ensure that only a pre-enrolled and authorized user gains access to a PC or cell phone, the data stored on the device, and the network to which it connects.
Secure: Biometric technology is a measurement of human characteristics that are unique to an individual. It is this uniqueness that provides unique identification to each individual and enhances security by eliminating the chances of identity theft.

Table of Contents

Executive Summary 3
Technology Overview 10
Year of Impact 29
Market Potential 33
Global Footprint 37
IP Intensity—Patent Analysis 41
Funding 45
Breadth of Industries 50
Megatrend Impact 56
Potential points of Convergence 61
Size of the Innovation Ecosystem 64
Key Conclusions 71
The Frost & Sullivan Story 73

Read the full report:
Innovations in Biometrics for Consumer Electronics
http://www.reportbuyer.com/countries/north_america/usa/innovations_biometrics_consumer_electronics.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Security_Systems

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