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Automotive Biometric Market: Current Analysis and Forecast (2021-2027)

Published: | UnivDatos Market Insights Pvt Ltd | 263 Pages | Delivery time: 1-2 business days

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Automotive Biometric Market: Current Analysis and Forecast (2021-2027)
Published: December 1, 2021
UnivDatos Market Insights Pvt Ltd
Content info: 263 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Automotive Biometric is expected to witness CAGR growth of more than 34% during the forecast period 2021-2027. Ever changing automotive industry is propelling the major automakers to equipped vehicles with innovative technology to offer high personalized vehicle experience. Rising demand for electric and driverless cars paired with growing adoption of sensor-based technology in the vehicles are enhancing the demand for Biometric technology in automotive sector. Furthermore, rising usage of text to speech and Natural language processing-based technology along with biometrics is expected to drive the market in near future. Moreover, with upcoming IRIS recognition and facial recognition technology which is expected to boost the authentication system in the vehicles would provide ample growth opportunities for the Automotive Biometrics suppliers operating in the market. Furthermore, growth in the number of vehicle theft is further expected to increase the demand with biometric system for vehicle security. In 2018, New Zealand had the highest car theft rate worldwide, with 1,172 occurrences per 100,000 inhabitants. Other countries with the highest car theft rate were Uruguay, Italy, and the United States.

Insights Presented in the Report

"Amongst Type, Software segment would witness significant growth"

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. As per the Credit Suisse, global shipment of fingerprint sensing systems increased by 200 million units in the last 3 years and is expected to reach more than 1.1 billion units in 2020.

"Amongst Technology, Fingerprint recognition segment dominates the market in 2020"

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 with more than 80% share and is expected to maintain its dominance throughout the forecast period. However, Voice recognition, Iris recognition segments are expected to witness increased adoption during the forecast period.

"Amongst Sensor Type, CMOS Fingerprint Sensors dominates the 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.

"Amongst Vehicle Type, Passenger Cars segment dominates the market"

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. However, increasing safety and security concern would propel the Commercial Vehicle owners to deploy advanced biometric solutions in their fleet.

"Amongst Sales Channel, OEMs segment dominates the market"

Based on Sales channel, the Automotive Biometric Market is bifurcated into OEMs and Aftermarket. OEMs segment dominated the market in 2020. However, Aftermarket segment is expected to witness significant growth during the forecast period. Growing concern related to safety and security of vehicle and drivers are propelling the automotive OEMs to deploy advanced biometric technology in their vehicle.

"Asia-Pacific is expected to witness significant growth during the forecast period"

For a better understanding of the demand of Automotive Biometric, the market is analyzed for major 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 is expected to witness significant growth during the forecast period. Countries such as China, India, Thailand are expected to be major market for vehicle products, which is expected to drive for demand for technological advanced products in the automotive sector. 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.

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 Automotive Biometric Market 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.

Product Code: UMAU21569

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Automotive Biometric Market
  • 2.2. Research Methodology of the Automotive Biometric Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Automotive Biometric Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AUTOMOTIVE BIOMETRIC MARKET COVID-19 IMPACT

6 AUTOMOTIVE BIOMETRIC MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY COMPONENT

  • 7.1. Hardware
  • 7.2. Software

8 MARKET INSIGHTS BY TECHNOLOGY

  • 8.1. Fingerprint recognition
  • 8.2. Voice recognition
  • 8.3. Iris recognition
  • 8.4. Facial recognition

9 MARKET INSIGHTS BY SENSOR TYPE

  • 9.1. Optical Sensor
  • 9.2. Retinal Sensor
  • 9.3. CMOS Fingerprint Sensors

10 MARKET INSIGHTS BY VEHICLE TYPE

  • 10.1. Passenger Cars
  • 10.2. Commercial Vehicles

11 MARKET INSIGHTS BY SALES CHANNEL

  • 11.1. OEMs
  • 11.2. Aftermarket

12 MARKET INSIGHTS BY REGION

  • 12.1. North America
    • 12.1.1. US
    • 12.1.2. Canada
    • 12.1.3. Rest of North America
  • 12.2. Europe
    • 12.2.1. Germany
    • 12.2.2. UK
    • 12.2.3. France
    • 12.2.4. Italy
    • 12.2.5. Rest of Europe
  • 12.3. Asia-Pacific
    • 12.3.1. China
    • 12.3.2. Japan
    • 12.3.3. India
    • 12.3.4. Australia
    • 12.3.5. Rest of Asia-Pacific
  • 12.4. Rest of World

13 AUTOMOTIVE BIOMETRIC MARKET DYNAMICS

  • 13.1. Market Drivers
  • 13.2. Market Challenges
  • 13.3. Impact Analysis

14 AUTOMOTIVE BIOMETRIC MARKET OPPORTUNITIES

15 AUTOMOTIVE BIOMETRIC MARKET TRENDS

16 LEGAL & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

  • 17.1. Demand Side Analysis
  • 17.2. Supply Side Analysis
    • 17.2.1. Top Product Launches
    • 17.2.2. Top Business Partnerships
    • 17.2.3. Top Business Expansions
    • 17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

  • 19.1. Competitive Landscape
    • 19.1.1. Company Shares, By Revenue

20 COMPANY PROFILED

  • 20.1. Robert Bosch
  • 20.2. Continental AG
  • 20.3. Synaptics Incorporated
  • 20.4. OSRAM Licht AG
  • 20.5. Nuance Communications, Inc.
  • 20.6. Fingerprints Cards AB
  • 20.7. Hitachi, Ltd.
  • 20.8. Safran S.A
  • 20.9. Fujitsu Limited
  • 20.10. IDEX Biometrics

21 DISCLAIMER