SOURCE RESEARCH
Biometric Payment Card Developments, Projects and Market Opportunities
Report | 4Q 2024 | AN-5584
Get The ReportABI Research created two forecast scenarios, based on a set of market parameters as depicted in the above chart. In the instance of the conservative scenario 1 forecast, the biometric payment card market will grow from 0.14 million in 2021 to 40.8 million in 2026. In terms of the aggressive scenario 2 forecast, the market will grow from 0.14 million in 2021 to 254.2 million in 2026. The main factor contributing to the difference in forecasts is how soon the Average Selling Point (ASP) of biometric payment cards can hit the sub-US$10 mark. The quicker the price point can get to sub-US$10, the quicker issuers can target lower-tier customers and close the gap between the ASP of biometric payment cards and contactless payment cards.
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