Press release
Biometric Wearables to Disrupt the Automotive Industry
Tremendous growth opportunities arise as automakers partner with technology providers, finds Frost & Sullivan’s Intelligent Mobility teamLondon – November 16, 2016 – Advancements in biometrics will radically transform the driving experience, health wellness and wellbeing (HWW), and security of vehicles by 2025. As one in three new passenger vehicles begin to feature fingerprint recognition, iris recognition, voice recognition, gesture recognition, heart beat monitoring, brain wave monitoring, stress detection, fatigue monitoring, eyelid monitoring, facial monitoring, and pulse detection. These will be driven by built-in, brought-in and cloud enabled technologies, the automotive biometrics ecosystem will surge ahead. Major automotive original equipment manufacturers (OEMs) and Tier 1 suppliers must stay abreast of technologies, business models, and regulations shaping this dynamic space.
“Partnerships between automotive OEMs and wearable companies will result in faster penetration of biometrics within the automotive industry , allowing OEM’s to save on biometrics related R&D expenditure, while creating growth avenues for wearables companies” said Frost & Sullivan Intelligent Mobility Industry Analyst Joe Praveen Vijayakumar. “New business models such as device as a service and health as a service will also emerge.”
The Biometrics in the Global Automotive Industry, 2016–2025 analysis, a part of Frost & Sullivan’s Automotive & Transportation Growth Partnership Service program, finds that OEMs and suppliers are investing in advanced biometrics based on human machine interaction (HMI) concepts such as natural language and gesture recognition. They are also vertically integrating and funding relevant start-ups to build a stronger portfolio.
Click here (http://frost.ly/132) for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.
“Urbanisation will continue to fuel emphasis on biometrics-driven advanced driver assistance system (ADAS) features to navigate heavy traffic while ensuring, safety and comfort” noted Praveen. “However, customer concerns surrounding the safety of the sensitive data collected through biometrics will compel suppliers to also invest in cybersecurity measures to build credibility and increase growth.”
Some emerging innovators in the automotive biometrics space currently include:
• Empatica – for its watch to monitor the vitals of drivers with history of epilepsy and predict an attack before it happens
• Gestigon – for a software system to interpret a multitude of driver movements and draw actionable insights
• Optalert – for eye glasses which use infra red rays to monitor the eyes of the driver to detect the onset of drowsiness
• Sober Steering – for sensors which can be embedded in the steering wheel to check if the driver is drunk and whether the alcohol level is within permissible limits.
• Vigo – for smart headsets which can monitors head movements to monitor driver distraction, slouching posture and drowsiness
Biometrics in the Global Automotive Industry, 2016–2025
K11A-18
Contact:
Jana Schöneborn
Corporate Communications – Europe
P: +49 (0)69 77033 43
E: jana.schoeneborn@frost.com
Twitter: @Frost_Sullivan or @FS_Automotive
Facebook: FrostandSullivan
Linkedin: Future of Mobility – A Frost & Sullivan Forum
http://ww2.frost.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Clemensstr. 9
60487 Frankfurt am Main
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biometric Wearables to Disrupt the Automotive Industry here
News-ID: 383389 • Views: …
More Releases from Frost & Sullivan
As a Third Generation of Technology Emerges, Where is the Robotic Assisted Surge …
Funding and investment create tremendous growth opportunities for robotic assisted technology, finds Frost & Sullivan’s Transformational Health Team
SANTA CLARA, CA. – November 21, 2016 – Today, only 5 percent of U.S. surgery procedures are performed with a robotic assisted surgical device (RASD). New market entrants are expanding the genre of surgical procedures currently available. Further, bundled payments could make robot-assisted surgical procedures more cost effective than conventional surgical techniques. Success,…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
