As China pursues the “zero Covid” strategy that locked down Shanghai for two months, analysts quoted by the South China Morning Post say there is a big appetite for biometric cameras that detect signs of infection.
The newspaper cites a report by brokerage firm Everbright Securities which suggests that up to 2 million devices to detect infections and confirm test results and vaccination status could be placed in public places like hospitals, malls, office buildings and entertainment venues in the coming weeks.
Everbright predicts the emergence of a 50 billion yuan ($7.5 billion) market, an opportunity for facial biometrics and surveillance system vendors like SenseTime, Dahua and Hikvision to fill the void. Another player is Telpo, which makes a facial recognition terminal for multi-person temperature checks to find signs of fever, which is sometimes a symptom of Covid.
So-called digital sentry biometric devices would primarily use facial recognition to determine a person’s vaccination status, Covid test results and recent movements before granting access to public places. Everbright says the price per device would range from 2,000 yuan (about $300) to 10,000 yuan (about $1,500).
The Morning Post quotes Wang Feng, chairman of Shanghai-based financial services group Ye Lang Capital, as saying, “The market potential here cannot be matched anywhere else in the world, as these smart devices will be widely used in major cities. to meet strict viruses. control rules. Shopping center and cinema operators will purchase the machines to improve the efficiency of their verification processes. »
This could be a boon for China’s biometrics industry, which has suffered setbacks in recent months. A Caixin Global survey report in November 2021 found that four of China’s biometric unicorns struggled to meet market expectations. One was SenseTime, which disappointed investors when its potentially $2 billion initial public offering was launched at half that amount, although it saw a small uptick in post-IPO results. shortly after.
access control | biometrics | China | digital identification | facial biometrics | fever detection | health packages | temperature monitoring | video surveillance