Market Research Future published a Half Cooked Research Report on the global automotive biometric market, which contains information from 2017 to 2025. The global automotive biometric market is expected to grow with a ~12% CAGR from 2019 to 2025.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Biometric Market Information from 2017 to 2025"
An automotive biometric uses computer processor that is incorporated with an ultrasonic system, camera, and electromagnetic system, which play a crucial role to unlock the vehicle when the identification of the vehicle driver matched with the biometric system. To enhance vehicle safety, and security the automotive biometric system solution provider and automotive OEMs work together to enhance the driving experience and reduce the vehicle theft, worldwide.
The global automotive biometric market is expected to grow with a CAGR of ~12% over the forecast period 2019-2025, and the global automotive biometric market size is expected to reach USD 1,128 million by 2025.
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The technological advancements in automotive biometric, rapid development of connected cars and autonomous vehicles, and improving economy in developing regions, such as Brazil, the UAE, Africa, Argentina, and India, are providing an opportunity for the growth of this market.
The key factors that drive the growth of the market are increase in production and sales of vehicles, increase in need for safety features in vehicles, and stringent government regulations regarding biometric system in vehicles. However, high price of automotive biometric system and failure of electronic components used in automotive biometric and connectivity infrastructure is a key factor restraining the growth of the overall market.
Segmentation:
Global automotive biometric market is divided on the basis of technology, vehicle type, application, and region. By technology, the global market has been segmented as fingerprint scan, voice recognition, face recognition, and others. By vehicle type, the global market has been divided into passenger car and commercial vehicle. By application, the global market has been divided into vehicle security system, driver safety system, and advanced steering and infotainment.
On the basis of technology, the voice recognition segment is projected to witness significant growth until the end of 2025. This growth is due to the rise in adoption of passenger car. Whereas, the fingerprint scan accounted the largest market share, in 2018 and expected to witness a highest growth during forecast period. The growing demand for fingureprint scan in passenger car and commercial vehicles has propelled the market growth.
By vehicle type, the segment fir passenger cars is poised to hold a larger share of the automotive biometric market during forecast period. This growth is attributed due to growing adopting of biometric system in passenger cars and growing sales passenger car across the globe. The commercial vehicle segment is poised to witness the faster growth in the market due to growing demand for electronic components in commercial vehicles and growing applications of biometric systems such as vehicle security system, driver safety system, and advanced steering and infotainment in commercial vehicles.
By application, the global market has been segmented into vehicle security system, driver safety system, and advanced steering and infotainment. The vehicle security system segment registered the largest market share in 2018. The increasing demand for passenger car is driving the demand for automotive biometric system. The driver safety system segment is estimated to witness the fastest growth in the market due to stringent government regulations regarding driver safety and increase in adoption of driver safety features in vehicles.
The global automotive biometric market is geographically segmented as North America, Europe, Asia-Pacific, and the Rest of the World. North America, with the stringent government regulations and awareness towards vehicle safety to attribute to dominant market share in 2018. Furthermore, Europe is estimated to register significant growth during the forecast period due to the growing passenger car market in Germany, the UK and France.
The players considered in the study of global automotive biometric include Voicebox Technologies (US), Hitachi Ltd (Japan), Safran S.A (France), Nuance Communications (US), Hid-Global (US), Fingerprint Cards AB (Sweden), Fujitsu Ltd (Japan), Synaptics Incorporated (US), Methode Electronics (US), VOXX International (US).
The players operating in the global automotive biometric market are focusing on various strategies such as new product development, mergers and acquisitions, collaborations, and partnerships to strengthen their market position in this highly competitive market.
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List Of Tables
Table 1 Global Automotive Biometric Market, By Region, 2017–2025
Table 2 North America: Automotive Biometric Market, By Country, 2017–2025
Table 3 Europe: Automotive Biometric Market, By Country, 2017–2025
Table 4 Asia-Pacific: Automotive Biometric Market, By Country, 2017–2025
Table 5 RoW: Automotive Biometric Market, By Region, 2017–2025
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List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
Continued…….
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