Automotive Biometrics Market Size 2022 Key Companies Overview, Industry Share, Growth Analysis and Forecast to 2027

0

The global automotive biometrics market reached a value of US$735.6 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$1,793.10 million by 2027presenting a 15.20% CAGR during the period 2022-2027.

Automotive biometrics refers to an electronic device used for identification and authentication in vehicles. It is a user-friendly, reliable and practical method of identification and monitoring. The system is based on behavioral and psychological characteristics used to verify and recognize manual access. Automotive biometrics finds application in vehicle access, ignition switch, vehicle immobilizer, streamlining and health monitoring. It is available as a fingerprint scanner, face recognition, voice recognition, iris recognition, and palm recognition. Automotive biometrics also collect data from various vehicle components to monitor driver stress and anxiety and ensure driver comfort and safety.

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.


Request a free sample PDF for more detailed market information: https://www.imarcgroup.com/automotive-biometric-market/requestsample

Automotive Biometrics Market Trends and Drivers:

The global automotive biometrics market is mainly driven by the significant growth in the automotive industry. The increasing concern of individuals regarding the safety and security of vehicles is also propelling the demand for the products.

Nowadays, car rental agencies rely on vehicles with automotive biometrics to streamline transactions, which facilitates market growth across the globe. Additionally, insurance companies are offering substantial discounts to vehicles equipped with biometric systems, which provide secure remote starts, in-car payments, hands-free features, automatic present adjustments, and a myriad of benefits for the passenger safety.

Furthermore, technological advancements, such as the integration of Artificial Intelligence (AI), Internet of Things (IoT), and cloud connectivity are expected to have a positive impact on the growth of the market in the coming years.

Analysis and segmentation of the global automotive biometrics market 2022-2027:


Competitive Landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.

Aware Inc., BioEnable Technologies Pvt. Ltd., Continental AG, Fingerprint Cards AB, Fujitsu Limited, Hitachi Ltd., IriTech Inc., Methode Electronics Inc., Precise Biometrics AB, Shenzhen Goodix Technology Co. Ltd., Synaptics Incorporated and VOXX International Corporation.

Find out before you buy: https://www.imarcgroup.com/request?type=report&id=5309&flag=F

The report has segmented the market based on region, technology, vehicle type, sales channel and application.


Breakdown by technology:

Fingerprint scanning

Speech Recognition

facial recognition

Others

Breakdown by type of vehicle:

Passenger car

commercial vehicle

Breakdown by sales channel:

OEM

Secondary market

Breakdown by application:

vehicle security system

Driver safety system

Advanced steering and infotainment

Others


Breakdown by region:

North America: (United States, Canada)

Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

Main highlights of the report:

Market Performance (2016-2021)

Market Outlook (2022-2027)

Porter’s Five Forces Analysis

Market drivers and success factors

SWOT analysis

Value chain

Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

Contact us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, Wyoming 82801 USA – Wyoming

E-mail: [email protected]

Such. :(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Share.

Comments are closed.