More Chinese smartphone vendors are investing in equipping their devices with fingerprint sensors with such phones expected to hit one billion shipment by 2020, marking a 17 percent CAGR, according to ABI Research.

Biometrics on smartphone devices have moved past the simple authentication option and are headed towards establishing a more robust mobile payment solution.

However, other biometric modalities such as face, voice and eye-based recognition are currently moving out of the fledgling phase and are to be integrated as highly-secure – albeit more expensive – biometric capabilities in smartphone devices with a five-year CAGR revenue growth of 144 percent.