Industry News

NEXT Biometrics Partnered with Innolux to Manufacture Flexible Fingerprint Sensors

Norway: NEXT Biometrics Group ASA, a Norwegian fingerprint hardware manufacturing company has signed an agreement with Innolux Corporation, a Taiwan-based TFT LCD panels manufacturing company, for mass-production of flexible fingerprint sensors. Under this agreement, both companies would jointly manufacture new fingerprint sensors with initial production target of 2 million flexible fingerprint sensors per month in 2017, followed by production up to 10 million sensors per month by 2018

The fingerprint sensor produced by both the companies is based on Next’s active thermal sensing technology, and can be used for various applications, such as smart home devices, tablets, smartphones, wearable devices, smart cards, flash drives, and so on.

TechSci Research depicts that the rising demand for biometrics technology in sensors for authenticity in various applications, such as smart cards, credit cards, stored-value cards, smart homes coupled with growth in the market for smart homes, fingerprint-based credit card, etc. globally would drive the market for fingerprint sensors. Further, with growth in demand for biometric technology as an alternative way of passwords for credit cards, access control, etc., is posed to witness an upsurge in coming years.

According to the recent report published by TechSci Research, “Global Biometrics Market By Type (Fingerprint Recognition, Facial Recognition, Hand/Palm Recognition, Iris Scanner, Voice Recognition, Vein Scanner & Others), By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 – 2021” the global biometrics market is projected to cross US $ 24.8 billion by 2021. Fingerprint recognition biometric systems are the most preferred type of biometric systems used across the globe, owing to their ease of use, low cost, high speed, and accurate results. However, in terms of growth, vein scanner biometrics systems segment is anticipated to outpace fingerprint recognition biometrics systems over the next five years. In 2015, North America dominated the global biometrics market, and the region is anticipated to maintain its dominance over the next five years as well.

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