Press release
Biometric In The Automotive Market 2025 Precise Outlook - Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation
Global Biometric In The Automotive Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this burgeoning sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.Biometric in the automotive market is expected to register a healthy CAGR of over 15.30% during the forecast period (2020 - 2025).
MarketInsightsReports has announced the addition of the "Global Biometric In The Automotive Market Research Report 2020" The report focuses on global major leading players with information such as company profiles, product picture and specification.
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Market Overview
As cars evolve into smartphones on wheels, the automotive industry is facing stiff competition from new entrants with disruptive ideas such as Tesla, where identity is a key battleground for the market. With the growth of the security sector, biometrics is fast becoming the easiest way for people to prove their identity across a wide range of end-points including the connected car.
Key Players:
Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), Methode Electronics, Inc, request free sample for complete list of companies.
Key Market Trends
Fingerprint Recognition is Expected to Grow at a Significant Rate
- Fingerprint identification is the most widely adopted biometric identification as the probability of finding two same fingerprints is one in 64 billion, even with twins, hence increasing its credibility. The automotive manufacturers are highly adopting the system around the world, and a surge in demand from the automobile sectors has been witnessed from last few years.
- Further, the technological advancement in smartphones has helped in bringing down the cost of fingerprint-based biometric devices. These developments have had a huge impact on making these technology adoptions an enabler in the automotive industry.
- It has replaced the manual stamping system and helps in electronically registering the name, and identity through fingerprint in the biometrics system.
North America is Expected to be the Largest Market
- Automotive manufacturing companies such as BMW, Mercedes-Benz, Volkswagen, and Ford have introduced the biometric technology across North America region, however, in the earlier phase, the installation of such systems is limited to the luxury car segment. The accuracy with high-end protection, quick processing & easy tracking along with the recent boom in the automotive sector is expected to drive the market during the forecast period.
- Automobile companies across the region are dealing with automotive biometrics thereby focusing on various segments that include vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring.
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Competitive Landscape
The biometric in automotive market is moderately competitive and consists of a few major players. In terms of market share, some of the prominent players currently dominate the market. However, with the advancement in the security platform services, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.
- May 2019 - Nuance Communications, Inc. announced that its automotive platform provides AI-powered voice recognition for select car models from Geely, Chinas fastest-growing automotive manufacturer, in its GKUI smart ecosystem powered by ECARX, a technology company under Geely Group. GKUI is Geelys innovative digital cockpit system, integrating infotainment, connectivity, and vehicle management into one smart in-car system.
- April 2019 - Fingerprint Cards and FutureCard Industries L.L.C. have partnered to bring contactless biometric payment cards to bank customers in the Middle East region. The card will feature Fingerprints' recently announced software platform for payments, FPC-BEP, and the T-Shape module which is part of the 1300-series from Fingerprints. It has ultra-low power consumption and is tailored to be integrated into smartcards using standard processes.
Frequently Asked Questions about global market:
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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