Automotive Biometric Seat Technology Market Current Analysis and Forecast (2022-2028)
Emphasis on Technology Type (Infrared Technology, Implanted Sensor, Others); Application Passenger Vehicle, and Commercial Vehicle); Component Type (Sensor, Display, Camera, and Others)); and Region/Country
Global Automotive Biometric Seat Technology Market is expected to grow at a significant rate of around 5% during the forecast period 2022-2028. The desire for sophisticated automotive biometrics seats is expected to rise as the development of automated cars comes under more and more attention. Because of their great accuracy, biometric technologies have been widely accepted in the vehicle security sector. There is a chance that personal information may be hacked since biometric systems rely on biometric methods like fingerprints, voice recognition, and iris scanning, among others. Additionally, the application of automotive biometrics has increased as a result of the rising desire for aesthetic and comfort features in cars. A car’s biometric system is linked to an in-car camera that can recognize the driver’s face and adjust parameters such as seat, mirror position, temperature and navigation according to knowledge stored in a database. For example, Genesis announced in September 2021 that it will begin rolling out its proprietary “Face Connect” technology that will allow cars to recognize a person’s face and open and close doors without using a smart key. Did. Hence, this technological advancement will amplify the demand for the biometric vehicle market during the forecast period.
ZF Friedrichshafen AG, Robert Bosch GmbH, Denso Corporation, Continental AG, Hitachi Ltd, FUJITSU, Ford Motor Company, Panasonic Corporation, Aptiv, and Mitsubishi Electric Corporationare some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst technology type, implanted sensor vehicles category to witness higher CAGR during the forecast period”
Based on technology type, implanted sensor vehicles category is to witness higher CAGR during the forecast period. Implantable sensors enable self-monitoring systems in which the driver acts as a part of the sensing system to detect changes, consciously or unconsciously, in health conditions. Owing to these benefits, this segment has become popular in the automotive industry. Additionally, increase in disposable income and health awareness, individuals are paying extra money for these features will is fueling the growth of the segment.
Automotive Biometric Seat Technology Market Report Coverage
“Amongst application, the commercial vehicle witness higher CAGR during the forecast period”
On the basis of the application, the commercial vehicle segment is to witness a higher CAGR during the forecast period. Demand for green energy vehicles has increased in logistics and transportation due to increasing pollution and government initiatives. Additionally, the growth of the instant delivery and E-commerce market has increased the demand for commercial vehicles. Due to government regulations and increased safety concerns, advanced biometric seats are being installed in commercial vehicles. Hence, the demand for commercial vehicles is complimenting the growth of the automotive biometric seat technology market.
“North America to hold a significant share in the market.”
North America is anticipated to dominate the automotive biometric seat market throughout the course of the forecast period as a result of customers’ growing willingness to adopt cutting-edge technology. Additionally, the region’s automakers rely on more recent technology, including biometrics, to offer value and distinguish their products from the competition. To target the market, the corporations are deliberately positioning and segmenting their biometric solutions. For instance, in November 2019, Nuance Communications, one of the top US-based providers of biometrics for the automobile industry, announced plans to spin off its automotive biometric division and establish Cerence Inc. as a distinct public company to serve the automotive biometrics market. According to the business, this strategy will help it get the first-mover advantage in developing biometrics specifically for the automobile sector.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Automotive Biometric Seat Technologymarket can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
1. Market Introduction
- Market Definitions
- Main Objective
- Stakeholders
- Limitation
2. Research Methodology Or Assumption
- Research Process of the Automotive Biometric Seat Technology Market
- Research Methodology of the Automotive Biometric Seat Technology Market
- Respondent Profile
3. Market Synopsis
- Market Synopsis
4. Executive Summary
- Executive Summary
5. Impact Of Covid-19 On The Automotive Biometric Seat Technology Market
- Impact Of Covid-19 On The Automotive Biometric Seat Technology Market
6. Automotive Biometric Seat Technology Market Revenue (usd Bn), 2020-2028f
- Automotive Biometric Seat Technology Market Revenue (usd Bn), 2020-2028f
7. Market Insights By Technology Type
- Infrared Technology
- Implanted Sensor
- Others
8. Market Insights By Component Type
- Sensor
- Display
- Camera
- Others
9. Market Insights By Application
- Passenger Vehicle
- Commercial Vehicle
10. Market Insights By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of World
- North America
11. Automotive Biometric Seat Technology Market Dynamics
- Market Drivers
- Market Challenges
- Impact Analysis
12. Automotive Biometric Seat Technology Market Opportunities
- Automotive Biometric Seat Technology Market Opportunities
13. Automotive Biometric Seat Technology Market Trends
- Automotive Biometric Seat Technology Market Trends
14. Demand And Supply-side Analysis
- Demand Side Analysis
- Supply Side Analysis
15. Value Chain Analysis
- Value Chain Analysis
16. Competitive Scenario
- Competitive Landscape
- Porters Fiver Forces Analysis
- Competitive Landscape
17. Company Profiled
- ZF Friedrichshafen AG
- Robert Bosch GmbH
- Denso Corporation
- Continental AG
- Hitachi Ltd
- FUJITSU
- Ford Motor Company
- Panasonic Corporation
- Aptiv
- Mitsubishi Corporation
18. Disclaimer
- Disclaimer
Research Methodology for the Automotive Biometric Seat Technology Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive biometric seat technology market were the three major steps undertaken to create and analyze the adoption of automotive biometric seat technology vehicles in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive biometric seat Technology market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive biometric seat technology market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive biometric seat technology market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology type, component type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive biometric seat technology market. Further, we conducted factor analysis using dependent and independent variables such as various technology type, component type, and applications of automotive biometric seat technology vehicles. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive biometric seat technology market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive biometric seat technology market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive biometric seat technology market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global automotive biometric seat technology market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive biometric seat technology market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of technology type, component type, and application in the global automotive biometric seat technology market.
The main objective of the Global Automotive Biometric Seat Technology Market Study
The current & future market trends of the global automotive biometric seat technology market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automotive biometric seat technology market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of technology type, component type and application.
- Define and analysis of the regulatory framework for the automotive biometric seat technology
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automotive biometric seat technology market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Automotive Biometric Seat Technologymarket and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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