Automotive Recognition System Market 2021 Releasing Latest Development, growth, revenue, trends, penetration and forecast of Industry demand, Forecast to 2026 Covid-19 Analysis | CogniVue Corporation, EyeSight Technologies Ltd., Visteon Corporation

The Global "Automotive Recognition System Market" (2020-2026) research report is a professional and in-depth study on the current state of the global Automotive Recognition System industry. Additionally, the research report categorizes the global Automotive Recognition System market by top players/brands, region, type, and end-user. This report also studies the global Automotive Recognition System market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, and distributors. Geographically, this report segments the production, apparent consumption, import/export of Automotive Recognition System from North America, Europe, China, Japan, Southeast Asia, and India.

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International key players need to tap into the potential addressable markets in emerging economies:

CogniVue Corporation
EyeSight Technologies Ltd.
Visteon Corporation
Elliptic Laboratories AS
Microsoft Corporation
Intel Corporation
Qualcomm Inc.
Gestsure Technologies
SoftKinetic
Harman International

Product Type Segmentation Includes:

By Interface
- Touch Based System
- Touchless System
By Authentication Type
- Face Recognition
- Finger Print Recognition
- Vision Recognition
- Other

Application Segmentation Includes:

Multimedia/Infotainment/Navigation
Lighting Systems
Others

Automotive recognition system is a standard feature in almost all new vehicles on the market today. Adoption of automotive recognition in the aviation sector is expected to aid in growth of automotive recognition system market over the forecast period. For instance, in May 2021, Stellantis NV, the manufacturer of Jeep and Ram, partnered with Foxconn Technology Group, the Taiwan-based multinational electronics contract manufacturer, to create the next-generation cockpit. The partnership leverages both companies' software engineers for a more personalized user experience and infotainment offerings.

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Moreover, R&D in automotive biometric systems is also expected to aid in growth of the market. For instance, in February 2021, General Motors filed to trademark a “Modus Biometric System” for automobiles in Mexico. The new filing applies to “adaptive electronic systems for vehicles, sold as an integral part of a terrestrial motor vehicle.”

Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the automotive recognition system market. For instance, globally, as of 4:08pm CEST, 18 May 2021, there have been 163,312,429 confirmed cases of COVID-19, including 3,386,825 deaths, as reported to the World Health Organization. Moreover, use of facial recognition in COVID-19 vaccination is also expected to aid in growth of the market. For instance, in May 2021, Foton Motor Group launched a mobile vaccination vehicle in Beijing, China, to facilitate large-scale delivery of COVID-19 vaccinations. The upgrades in the vehicle include six cameras, which support functions such as facial recognition and body-temperature detection.

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However, ban on the use of facial recognition is expected to hinder growth of automotive recognition system market. For instance, in May 2021, Massachusetts, U.S., passed o state-wide restrictions of facial recognition as part of a sweeping police reform law.

Key Reasons to Automotive Recognition System Market Report:

• The report analysis by geography highlighting the consumption of the product/service within the region also as indicating the factors that are affecting the market within each region

• The report provides opportunities and threats faced by the vendors in the global Automotive Recognition System Industry

• The report indicates the region and segment that's expected to witness the fastest growth

• Competitive landscape which includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.

• The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players

• The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging also as developed regions.

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