Automotive Biometric Identification Systems Market to Grow at 17% CAGR until 2024
Increasing demand for
vehicle security and safety, technological advancements and advancements in
future mobility solutions, to drive global automotive biometric identification
market through 2024
According
to TechSci Research report, “Global Automotive
Biometric Identification Market By Technology, By Sensor Type, By Vehicle
Type, By Region, Competition, Forecast & Opportunities, 2024”, the global automotive biometric identification systems
market is expected to register a CAGR of over 17% during 2019 - 2024, owing to increasing
demand for biometric identification for safety and security in vehicles,
especially in passenger cars. Moreover, growing demand for premium / luxury
cars, backed by increasing focus on security and safety, is propelling growth
of global automotive biometric identification systems market. Emerging trends,
such as advanced vehicle biometrics, self-driving cars, electrification and
automotive cyber security are compelling component manufacturers to develop biometric
identification products in a bid to remain competitive in the fast changing automotive
industry.
Browse 11 market data Tables and 120 Figures spread
through 221 Pages and an in-depth TOC on "Global Automotive Biometric Identification
Systems Market"
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Global automotive biometric identification systems market can be
segmented based on vehicle type, sensor type and technology. Facial recognition
is the dominant segment in the automotive biometric identification systems
market, owing to their high penetration in various in-vehicle biometric
identification systems. In terms of sensor type, the market can be segmented
into Optical, Retina and CMOS. Though the cost of some of these sensors is high, but
their deployment is increasing in order to fulfil growing security needs across
the world. In terms of vehicle type, passenger car segment acquired
the major share in the global automotive biometric identification systems
market in 2019, and the segment is expected to maintain its dominating market
position in the coming years as well.
Continental AG, Robert Bosch GmbH,
Fujitsu Limited, OSRAM Licht AG, Synaptics Incorporated, Precise Biometrics AB, Nuance
Communications, Inc., Fingerprints Cards AB, etc., are the leading players
operating in the global automotive biometric identification systems market. Companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their market penetration. With rising
awareness regarding
enhanced access management and superior user experience of biometric authentication
systems over the last few years, the automotive biometric identification systems manufacturers
are focusing on equipping more cars with advanced and accurate biometric
identification systems.
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“With growing demand
for connected and self-driving vehicles, globally, a rising number of auto
players are now integrating biometric systems in the vehicles to provide
features like biometric locking/unlocking of vehicle, driver identification,
easy access to vehicle infotainment system and to offer an additional level of security
with advanced biometrics for driver safety. Moreover, rising customer acceptance for
advanced safety and security features is expected to make the vehicle biometric
identification systems available in all segments of cars in the coming years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Automotive Biometric Identification Market
By Technology, By Sensor Type, By Vehicle Type, By Region, Competition,
Forecast & Opportunities, 2024” has evaluated the future growth potential of automotive
biometric identification systems market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in
global automotive biometric identification systems market.
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