Over the course of the forecast period, growth opportunities in the global biometric card market are anticipated as Biometric Card Market participants place a greater emphasis on lowering sensor costs and manufacturing complexity. The price of biometric cards has a big impact on the market. Thus, cost cutting and simplifying the manufacturing process are becoming more and more important to market players. For example, according to IDEX Biometrics, the biometric payment card ASP cost more than $20, which is more than the US$1-2 cost of a traditional EMV-enabled payment.
IDEX Biometrics introduced the TrustedBio solution in February 2020 with the goal of lowering the price of biometric smartcards. This innovative solution should work with both current and upcoming EMV chips.
Read More:
https://knackersblogger.blogspot.com/2023/02/biometric-card-market-witnessing-strong.html
