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.