TrendForce Projects Huge Market Growth for Optical Sensors Used in Iris/Facial Recognition
LEDinside, a division of TrendForce, has recently published its 2017 IR LED/IR Laser and Optical Sensor Market Report. In the report, LEDinside states that that the global market scale of IR LED and IR laser components used in iris and facial recognition solutions will grow from $145 million in 2017 to $827 million in 2025. The CAGR (compound annual growth rate) in the forecast period is estimated at 24 percent.
“The incorporation of features such as iris recognition and 3D Sensing in smartphones provides a lucrative opportunity for suppliers of IR LED, IR laser and optical sensors,” said Joanne Wu, assistant research manager of LEDinside.