Fingerprint Identification Technology: civil development and lock trend analysis

18-08-2022

  At present, in China, fingerprint identification has been developed for a long time and at a relatively fast speed, and after many years of market promotion and application, in access control, attendance, safe, identity authentication and other aspects have more mature products, and because of its lower cost than other identification technology, easier to promote and be accepted by users.

Fingerprint Identification Technology

Development of the civilian fingerprint identification market

  In the 1990s, fingerprint identification technology emerged in China. At that time, its application was limited to the field of criminal investigation. It can improve the rate of solving cases by public security organs, and save a lot of costs. However, fingerprint identification technology in criminal investigation belongs to the use of“Unknown subject”, “Comparison” needs to be processed by the mainframe, the cost of price and time are relatively large. 

  Therefore, fingerprint identification is often used only as an auxiliary means of criminal investigation, the application is not wide enough, the market share is very limited. Through the continuous promotion and application of fingerprint identification technology in the market, fingerprint identification enterprises find that the real market of fingerprint identification technology should be the civilian market. Because the civil fingerprint identification technology is“Knowable subject”, “Comparison” speed is faster, high accuracy. It is coming into our daily life with more and more electronic devices, such as PC, ATM, access control system, etc. . 

  In the future, the civilian fingerprint technology will eventually replace the security and convenience of the shortcomings of the identification code and password, used to prevent unauthorized access. Compared with criminal investigation, fingerprint identification technology is more popular in civil use and has a larger market capacity, so it has the basis of large-scale promotion. In Western countries, fingerprint identification technology has entered a large-scale civilian stage. In 1990, the 2008 East West Bank Classic – Doubles used the world's first fingerprint-recognition system for relief payments; SFNB, the world's first Virtual Bank, has also implemented a fingerprint-based security program to make transactions more secure. 

  Because of the maturity of the technology and the reduction of the cost, the fingerprint identification has begun to be used in the civil field. The domestic biometrics market will be ten billion yuan in the future, and the security industry is one of the most important application fields with a large market space.


Fingerprint lock market trend analysis

According to statistics, the number of access control in China is about 500,000 doors a year, the current application of fingerprint identification in access control is only about 1% , according to the general ratio of foreign countries, should be about 20% or more. In other words, there is a market gap of about 95,000 biometric products in the domestic security industry. 

  Another obvious situation is that there are very few enterprises specializing in the production and sale of fingerprint readers and fingerprint access control, so the overall view of this market has two obvious characteristics: the market is large, less competition. At present, the main competition of fingerprint lock is the induction card, password lock and high-end mechanical lock. These locks aimed at the high-end lock market, no matter what their function, all have their own advantages. For the fingerprint lock market, if the avantgarde concept of fingerprint lock is really instilled and imprinted on the minds of consumers, it will be much easier to sell at the terminal, but judging from the current concept promotion, there is still a long way to go, in the next one to two years, fingerprint lock will not become a popular consumer product. 

  On the level of competition to the market segmentation, we can find that the target group of fingerprint lock must be high-end young and middle-aged people, and this kind of people is just chasing the market leading-edge consumption model. The study of such groups, it is not difficult to find that word-of-mouth spread in their consumption process, the impact of a considerable proportion. In other words, for them, the price is not the dominant factor, they are concerned about the fingerprint lock claimed to be safe, convenient in its acceptable circumstances, the advantages can be translated into real enjoyment of life. 

  Considering the above factors, the future development of fingerprint lock can be explored, with good product performance, with a good after-sales mechanism is a fingerprint lock brand foothold in the market the key, it is also the foundation of the full-speed development of the entire industry.

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