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Burgeoning threats sees Asia Pacific market growth

Thursday, March 11, 2010

Frost & Sullivan has released a new report projecting the Asia Pacific region to see major growth in the biometrics industry due to an increasing number of security threats seen recently. The 2009 revenues in the biometrics market for the Asia Pacific region were over $165 million, but Frost & Sullivan project that number to hit $700.7 million by 2015.

The report specifies countries such as India where biometrics appears to be well on its way as a standard technology being used for security purposes in government buildings, military installations, laboratories and hospitals thanks to government backing.


Other aspects they attribute to the growing revenues in the region they attribute to public awareness and acceptance of the benefits of biometrics systems and high research and development activity in biometric system development. Despite this, however, the report also touches on aspects that will continue to hinder biometric progress in the region citing things such as high cost of adoption during an economic downturn and the requirements in manpower to get new systems integrated.

A separate and more regionally unique reason why the biometrics market could meet some push back in the Asia Pacific region is due to cultural issues. For instance, in countries such as Japan, Taiwan and South Korea it is considered unhealthy to use a fingerprint scanner that has been used by other strangers.

Despite this, Frost and Sullivan expect to see simple solutions to these issues with biometrics developers creating workarounds utilizing other common technologies such as mobile phones and PDAs as well as a push for other biometric modes such as voice authentication. [end] 

Norwegian-based IDEX announced that it’s entered into a partnership with Future Electronics to develop, sell and market a fingerprint biometric authentication module.

Under the terms of the agreement, the two companies will work jointly to create a fingerprint-based biometric authentication product using IDEX’s SmartFinger Film fingerprint sensor and biometric algorithms. The resulting product will be aimed toward the access control market.

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SmartMetric announced it has leased a manufacturing plant in Buenos Aires, Argentina where it plans to manufacture fingerprint activated smart cards. These cards are being developed with industries such as banking, medical insurance and government or other high-security identification industries in mind.

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A new report on the market for biometric technology in India forecasted a 42.4% compound annual growth rate for the industry in the four year span. TechNavio, a market intelligence reporting company, reviews and forecasts the period of 2010 through 2014 from

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In an effort to streamline passenger security, Jakarta, Indonesia’s Soekarno-Hatta Airport has opened the country’s first biometric immigration gate.

Fingerprint biometric identification provider BIO-key International, Inc. and Oakwell Engineering Limited partnered to create the new gate, designed for use by passengers with electronic passports. Passengers submit their e-passports and authenticate with a fingerprint.

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Safety science company UL has acquired Melbourne, Australia-based Witham Laboratories, a global provider of payment software and hardware security reviews.

The acquisition expands UL’s reach into the payment card security assessment field and will enable it to provide security reviews of payment terminal, software and infrastructure.

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The Asia Pacific region is one of the largest users of smart cards, so much that it now leads the world in using the cards to pay for travel, reports iTWire.

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