Biometric Market in Automotive Sector by End User (Commercial Vehicles and Consumer Vehicles) and Technology (Voice Recognition, Iris Recognition, Fingerprint Biometrics, Facial Recognition, and Others)
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Biometric system is a technology that uniquely identifies biological traits such as fingerprints, hand geometry, voice waves, DNA, signatures, earlobe geometry, and retina & iris patterns. Increase in application of biometric technology for better security purpose in airports, automobiles, offices, personal gadget, and others has led to significant market growth.
The biometric market in automotive sector is driven by surge in investment on R&D activities by biometric vendors to commercialize the use of biometric systems in automobiles and increase in adoption of keyless entry systems, owing to reduced vehicle thefts.
However, lack of awareness among consumers is expected to hinder the market growth.
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Moreover, growth in demand for automobiles in emerging market due to strong economic growth, ideal demographics, and high standard of living is expected to offer numerous opportunities for market growth.
The biometric market in automotive sector is divided based on end user, technology, and geography. On the basis of end user, it is bifurcated into commercial and consumer vehicles.
Based on technology, it is divided into voice recognition, iris recognition, fingerprint biometrics, facial recognition, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the biometric market in automotive sector are Suprema Inc., NEC Corporation, Safran, Infineon Technologies, CrossMatch Technologies, Fulcrum Biometrics, Synaptics, Techshino, BioEnable, and Miaxis.
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