Posts Tagged: "Spielo International"

Multi-billion dollar industry developing for face and eye recognition systems

Biosensor technologies, a tech sector which involves the use of devices that can detect and measure biological functions in living things, is set to become a very valuable business in the coming decade. According to a recent report from Frost & Sullivan, the global market for biosensors generated $11.53 billion in revenues during 2014, a figure that the firm expects to rise to $28.78 billion by 2021. According to the Invention Evaluator analysis of smart vision systems the highest proportion of applications for patents relating to face or eye recognition systems originate from China, followed by the United States. Spielo International, Fuzhou Fufeng, and Mitsubishi Electric are among the most prolific applicants (see chart below taken from the report), and patent activity over the past decade shows a consistent rise in applications, indicating a technology growth phase.