Press release
Biometric in the Automotive Market Insights and Global Outlook During 2021 to 2025 |CAGR: 15.30%
The Biometric in the Automotive Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Biometric in the Automotive market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Biometric in the Automotive market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Biometric in the Automotive market.Biometric in the automotive market is expected to register a healthy CAGR of over 15.30% during the forecast period (2020 - 2025).
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Top Leading Companies of Biometric in the Automotive Market are - Synaptics Incorporated, Fingerprint Cards AB, Nuance Communications Inc., Continental AG, Sensory Inc., Shenzhen Goodix Technology Co. Ltd., B-Secur Ltd., VOXX International Corp., EyeLock Inc., HID Global Corporation and others.
Industry News and Updates:
- May 2019 - Nuance Communications, Inc. announced that its automotive platform provides AI-powered voice recognition for select car models from Geely, China’s fastest-growing automotive manufacturer, in its GKUI smart ecosystem powered by ECARX, a technology company under Geely Group. GKUI is Geely’s 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.
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. Moreover, the accuracy and speed, with which the modern automated fingerprint identification system (AFIS) can work are helping to be deployed with the efficiency of the highest possible degree. This is further expected to expand the scope of the studied segment over the forecast period.
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. These segments are largely aimed to function with biometric solutions thereby showing a lot of interest towards incorporating biometrics in their auto products.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Biometric in the Automotive Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Biometric in the Automotive Market (%),2016 - 2026
- Biometric in the Automotive Market Share, By Brand
- Biometric in the Automotive Market Share, By Company
- Biometric in the Automotive Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Biometric in the Automotive Market Value Analysis & Forecast
- Promising Biometric in the Automotive Development by Major Companies
- Detailed Biometric in the Automotive Portfolio of the Major Companies
- Major Deals in the Biometric in the Automotive Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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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 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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