According to IDC, the proportion of smartphone shipments equipped with biometric solutions in the Chinese market has increased from 85.08% in 2017 to 94.18% in 2020. In 2020, the Chinese market equipped with 3D face recognition smartphones accounted for 12.12% of the shipments, an increase of 2.80pct YoY. In 2020, the Chinese market equipped with fingerprint recognition (excluding models with 3D+ fingerprints) accounted for the shipment of smartphones 82.06% (of which front fingerprint accounted for 0.75%, rear fingerprint recognition for 20.06%, side fingerprint accounted for 26.47%, and under-screen fingerprint accounted for 34.78%), an increase of 3.88pct YoY. (Huatai Securities report)
