According to a market report by Lucintel, the future of the automotive biometric market looks promising with opportunities in the passenger car, light commercial vehicles, and electric vehicle markets. The automotive biometric market is expected to grow with a CAGR of 25% from 2019 to 2024. The major drivers for this market are growing concerns for vehicular security, increased use of multifactor authentication, increased demand for luxury vehicles equipped with biometric identification, and increasing government regulations regarding biometric identification systems.
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Within the biometric market, biometric vehicle access system, engine start-stop system, driver fatigue and drowsiness monitoring system, eye tracking/blink monitoring, facial expressions/head movements, heart rate monitoring, memory steering, memory seats, and infotainment system are the major end use applications. Biometric vehicle access system is the largest end use application for automotive biometric market.
Fingerprint, voice, iris, facial, gesture, and multimodal are the major technology segment of the automotive biometric market.
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North America will remain the largest region over the forecast period due to increasing demand for luxury vehicles and rising concerns on vehicles theft.
Hitachi, FUJITSU, Safran, Synaptics, Nuance Communications, Methode Electronics, HID Global Corporation/Assa ABLOY, VOXX International, Fingerprint Cards, Voicebox, Technologies, Robert Bosch, Continental, and Valeo are the major suppliers of the automotive biometric.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive biometric market by technology, by sensor, processing component, by application, by wearables, by end use, and by region. Lucintel has prepared a comprehensive research report titled “Automotive Biometric Identification Market 2019-2024: Trends, Forecast, and Opportunity Analysis“. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive biometric market by technology, by sensor, processing component, by application, by wearables, by end use, and by region as follows:
By Technology [$M shipment analysis for 2013 – 2024]
- Fingerprint
- Voice
- Iris
- Facial
- Gesture
- Multimodal
By Sensor [$M shipment analysis for 2013 – 2024]
- CMOS
- Optical
- Retinal
By Processing Component [$M shipment analysis for 2013 – 2024]
- Processing units
- Embedded micro-computers
- Micro-chipsets
By Application [$M shipment analysis for 2013 – 2024]
- Biometric vehicle access system
- Engine start-stop system
- Driver fatigue & drowsiness monitoring system
- Eye tracking/Blink monitoring
- Facial expressions/Head movements
- Heart rate monitoring
- Memory steering
- Memory seats
- Infotainment system
By Wearable [$M shipment analysis for 2013 – 2024]
- Watches
- Eyeglasses
- Headsets
By End Use [$M shipment analysis for 2013 – 2024]
- Passenger Car
- Small cars
- Compact cars
- Mid-Sized cars
- Luxury cars
- SUVs & Crossovers
- Light Commercial Vehicle
- Electric Vehicle
By Region [$M shipment analysis for 2013 – 2024]
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- France
- United Kingdom
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- The Rest of the World
- Brazil
- Turkey
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-biometric-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global automotive biometric market by application (biometric vehicle access system, engine start-stop system, driver fatigue & drowsiness monitoring system, eye tracking/blink monitoring, facial expressions/head movements, heart rate monitoring, memory steering, memory seats, and infotainment system, by wearable (watches, eyeglasses, and headsets), by end use (small car, compact car, mid-size car, large car, suvs & crossovers, light commercial vehicles, and electric vehicles), and by region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics?
Q.5 What are the business risks and threats to the automotive biometric market?
Q.6 What are emerging trends in this automotive biometric market and the reasons behind them?
Q.7 What are some changing demands of customers in the automotive biometric market?
Q.8 What are the new developments in the automotive biometric market? Which companies are leading these developments?
Q.9 Who are the major players in this automotive biometric market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this automotive biometric area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this automotive biometric market?
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