Increasing demand for vehicle security and comfort is projected to fuel the demand for advanced technologies such as iris or facial recognition system.
- Agency -.
The biometric identification market for automotive is projected to grow at a CAGR of 25.61% from 2017 to 2022, to reach USD 21.72 billion by 2022.
On the other hand, the major factors hindering the growth of the biometric identification market in vehicles are the high cost of system or module and the possibility of potential failure of electronic components used for biometric systems.
The market for optical sensors is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. The optical sensors are lightweight and consume less power.
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The biometric vehicle access system is projected to be the largest segment of the biometric identification market for automotive, by application. The growth of this segment can be attributed to increasing focus on comfort, safety, and vehicle security in premium cars in North America and Europe.
The manufacturers are now offering advanced features such as fingerprint authentication in high-end vehicles. With the increase in demand for luxury vehicles in Asia-Oceania, the market for biometric identification is expected to grow in the region in the near future.
The break-up of the primaries is as follows:
- By Company Type– Tier-1 - 55%, Tier 2 - 20%, and OEM - 25%
- By Designation— C level - 75%, Manager level - 25%
- By Region— Europe - 20%, Asia-Oceania–40%, North America - 10%, and RoW – 30%
Key Points From Table Of Content:
14 Company Profiles
(Overview, Product Offering, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
14.1 Hitachi, Ltd.
14.4 Synaptics Incorporated
14.5 Nuance Communications, Inc.
14.6 Methode Electronics
14.7 HID Global Corporation/Assa ABLOY AB
14.8 VOXX International Corp.
14.9 Fingerprint Cards AB
14.10 Voicebox Technologies Corporation
14.11 Robert Bosch GmbH
14.12 Continental AG
The global biometric identification market for automotive is segmented by the identification process (fingerprint, voice, iris, facial, gesture, and multimodal recognition system), application (biometric vehicle access system, engine start-stop system, driver fatigue & drowsiness monitoring system, memory steering, memory seats, and infotainment system), and electric vehicle type (BEV, HEV, and PHEV).The market is also segmented by characteristics, components and sensor type, namely, metal oxide semiconductor (CMOS)/image sensors, optical/fingerprint & palm sensors, iris/retinal recognition sensors, microphone/voice sensors, signature/keystrokes sensors, Processing units, embedded microcomputers, micro chipsets, optical flexible electronic (vein detection).
The biometric market for automotive is also segmented by biometric wearables (watches, eyeglasses, and headsets), fleet management services (electronic logging devices and driver monitoring system) and autonomous & semi-autonomous vehicle (vehicle access and in-vehicle features).
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