Report Overview
This report provides in depth study of “Automotive Biometrics Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive Biometrics Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Automotive biometrics is a radical approach which has transformed driving experience, vehicle safety, and comfort features. Automotive Biometrics has already paved its way in the industry more than a decade. There has been significant increase in the sales of passenger cars in the last decade with developing countries generating significant demand of automotive biometrics installed in the vehicles. As cars have become an indispensable part of society, there has been a greater need to enhance the safety and security of cars. Automotive Biometrics are being used in various purpose notably the driver identification systems. For instance, through sensors, the biometric driver identification system detects various parts such as butt size and fingerprints, amongst others, to verify whether the person is allowed to start the car or not. Automotive OEMs and technology providers are together gearing up to power the automotive industry with innovative technologies. Automotive biometrics is an effective solution to personalize a vehicle according to one’s specific requirements. With the use of automotive biometrics, the system/vehicle can be configured to provide better safety and protection for driver assistance and accident prevention.
To remain ‘ahead’ of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/24715
Automotive Biometrics Market: Dynamics
Automotive Biometrics Market Drivers
The growing focus on the development of autonomous vehicles is expected to drive the demand for advanced automotive biometrics. Due to the high accuracy of biometric systems, they are being widely adopted in automotive security systems. As biometric systems are based on biological confirmations such as fingerprints, voice recognition, and iris scan, amongst others, there is the least probability of breach of security.
The password and other systems used previously can be hacked to gain unauthorized access. Automotive biometrics is relatively faster with respect to processing requests, and the tracking of unauthorized access is also relatively easier. Vehicle access control devices are being implemented with biometrics such as auto-alarming, anti-theft protection.
With the growing demand for aesthetics and comfort features in cars, there has been a wider adoption of automotive biometrics. For instance, automotive biometrics enables the user to personalize the car. The automotive biometrics system is connected with an interior camera that can recognize the driver’s face, and can automatically adjust the seat, mirror position, temperature, navigation, and other parameters as per the information stored in the database.
Another major factor promoting the growth of automotive biometrics is the significant amount reduction offered by insurance companies for vehicles that have installed a biometrics system. Insurance companies can keep a track record and monitor the drivers in real time. Automotive biometrics has gained enormous popularity, and a number of OEMs and insurance companies are filing patents.
Automotive Biometrics Market Restraints
One of the major challenges faced by the global automotive biometrics market is the high costs associated with the installation of this system, which confines its usage to only the premium/luxury category of vehicles. Another major challenge for automotive biometrics is that, the system being highly secure, makes it impossible for family or friends to take over the driving in case of an emergency.
Automotive Biometrics Market Trends
A number of automakers have shown keen interest in the adoption of automotive biometrics to enhance the safety and security of vehicles. Automotive OEMs are collaborating into strategic partnerships with wearable companies. These wearable device can be connected via Bluetooth to get the biometrics data.
Automotive Biometrics Market: Segmentation
| basis of technology |
|
| basis of sales channel |
|
| basis of vehicle type |
|
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/24715
Automotive Biometrics Market: Regional Outlook
In terms of regional perspective, North America is anticipated to hold a relatively larger share in the global automotive biometrics system market. This is attributed to the increasing disposable income in the region, and increasing adaptability amongst consumers for such highly technologically advanced products, which is projected to drive the demand for automotive biometrics.
Europe, predominantly Western Europe, is also projected to hold a significant share in the global automotive biometrics market. Regions such as the developing countries of Asia Pacific are anticipated to witness relatively higher growth percentages, with major growth in the latter half of the forecast period in the automotive biometrics market.
China and India are projected to represent significant shares in the Asia Pacific automotive biometrics market. Other regions such as Latin America, predominantly Mexico, and the Middle East and Africa, with significant investments in the automotive sector, are projected to witness significant growth rates over the forecast period in the automotive biometrics market.
Automotive Biometrics Market: Key Players
Some of the market participants identified across the value chain of the global automotive biometrics market are:
- IriTech, Inc.
- ZKTECO CO., LTD
- SecuGen Corporation
- Continental AG
- Biomatiques Identification Solution Pvt. Ltd.
- Next Biometrics
- CMITech Company, Ltd.
- Crossmatch Technologies
- Green Bit Biometric Systems S.p.A.
- Hitachi Ltd
- Fujitsu Ltd
- Fingerprint Cards Ab
- IDEX Biometrics
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/24715
Related Reports:
The India automotive wiper market was valued at US$ 132.1 Mn in 2020, and is slated to surge at a CAGR of 7.3% to reach a valuation of US$ 284.9 Mn by 2031.
About us: – Persistence market research
Contact Us:
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com