Growth in vehicle theft rate is expected to drive the demand for biometric system in automotive sector. Europe dominates the market!
- Himanshu Patni
- December 18, 2021
- AUTOMOTIVE, NEWS
- Automotive Biometric Market, Automotive Biometric Market growth, Automotive Biometric Market share, Automotive Biometric Market size, Automotive Biometric Market trends
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Automotive Biometric Market is expected to witness CAGR growth of more than 34% during the forecast period 2021-2027. Collaboration between information technology and telecom sector has created a whole new generation of solutions in the automotive sector. Automotive Biometric has emerged as one of the technological advancements in the automotive industry, used for security purpose. Growing demand of connected vehicles, equipped with advanced information technology such as human machine interface and passenger window touchscreens are expected to further accelerate the growth of the biometric technology market in the automotive sector.
Adoption of fingerprint and facial recognition technology is expected to offer low-cost authentication system allowing the drivers to unlock and start vehicles without any difficulty. Biometric technology is majorly based on customized setting of an individual driver or owners which reduces the risk of vehicle theft. Growing demand for connected vehicles have fueled the market for advanced technologies including IoT, AI and machine learning, among others. Moreover, growing adoption of self-driving autonomous vehicles to provide comfort and convenience to the driver is further boosting the growth of connected technology. Furthermore, deployment of Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) technology would further propel the growth of Automotive Biometrics market.
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Based on Component, the Automotive Biometric Market is segmented into Hardware, Software. Currently, hardware segment is expected to dominate the market, however the software segment is expected to witness significant growth during the analysis period. Average selling price of fingerprint sensors declined from US$ 5.5 in 2014 to US$ 2.0 in 2020. Hence, the decreasing trend of the price of fingerprint sensors have enabled automakers to deploy it in their future vehicles, without significantly impacting the price of the automobile. Based on Technology, the Automotive Biometric Market is bifurcated into Fingerprint recognition, Voice recognition, Iris recognition, Facial recognition. In 2020, Fingerprint recognition segment dominated the market. Rising adoption rate of fingerprint sensors systems across consumer industries is expected to create significant growth opportunities for its adoption in the automotive industry during the forecast period.
For a detailed analysis of the market segments browse through – https://univdatos.com/report/automotive-biometric-market/
Based on Sensor type, the Automotive Biometric Market is bifurcated into Optical Sensor, Retinal Sensor, CMOS Fingerprint Sensors. CMOS Fingerprint Sensors dominates the market. With the ongoing advancement of technology, the automotive sector is leading the integrate fingerprint recognition technology for improving vehicle safety, this is expected to drive the market for the segment. Based on Vehicle type, the market is segmented into Passenger Cars, Commercial Vehicle. Currently, biometric system is majorly deployed in passenger cars, owing to its increased adoption in luxury vehicle segment. Based on Sales channel, the Automotive Biometric Market is bifurcated into OEMs and Aftermarket. OEMs segment dominated the market in 2020. Growing concern related to safety and security of vehicle and drivers are propelling the automotive OEMs to deploy advanced biometric technology in their vehicle.
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For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and Rest of World. Europe dominates the market in 2020. However, Asia-Pacific with increasing vehicle production, paired with rising sales of luxury vehicle in the region is expected to drive the market. Some of the major players operating in the market include Robert Bosch, Continental AG, Synaptics Incorporated, OSRAM Licht AG, Nuance Communications, Inc., Fingerprints Cards AB, Hitachi, Ltd., Safran S.A, Fujitsu Limited, IDEX Biometrics etc.
Automotive Biometric Market Segmentation
Market Insight, by Component
- Hardware
- Software
Market Insight, by Technology
- Fingerprint recognition
- Voice recognition
- Iris recognition
- Facial recognition
Market Insight, by Sensor Type
- Optical Sensor
- Retinal Sensor
- CMOS Fingerprint Sensors
Market Insight, by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market Insight, by Sales Channel
- OEMs
- Aftermarket
Market Insight, by Region
- North America Automotive Biometric Market
- US
- Canada
- Rest of North America
- Europe Automotive Biometric Market
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific Automotive Biometric Market
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Rest of World Automotive Biometric Market
Top Company Profiles
- Robert Bosch
- Continental AG
- Synaptics Incorporated
- OSRAM Licht AG
- Nuance Communications, Inc.
- Fingerprints Cards AB
- Hitachi, Ltd.
- Safran S.A
- Fujitsu Limited
- IDEX Biometrics
