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Automotive Biometric Market by Technology (Fingerprint Scan, Voice Recognition, Face Recognition, and Others) and Vehicle Type (Passenger Car and Commercial Vehicle) - Global Opportunity Analysis and Industry Forecast, 2018-2024

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AU_182430
Pages: 175
May 2018 | 2269 Views
 
Author's : Seapee Bajaj
Tables: 74
Charts: 37
 

Automotive Biometric Market Overview:

Automotive Biometrics is an electronic device utilized for identification and authentication in vehicles for number of applications mainly, vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring. Biometric systems could be in any form such as fingerprint scanner, facial recognition, voice recognition, and others.

The global automotive biometric market is segmented based on technology, vehicle type, and region. By technology, the market is divided into fingerprint scan, voice recognition, facial recognition, and others. Based on vehicle type, it is bifurcated as passenger cars and commercial vehicle. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), Methode Electronics, Inc. are some of the key players operating in the industry.

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Top Impacting Factors

Increase in need for safety and developments in emerging markets impact the growth of the market. However, high installation cost of the biometric systems affects the growth adversely.

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Increase in Need for Safety

A major factor that drives the growth of the automotive biometric vehicle access system market is the high rate of accuracy as it asks for biological evidences such as fingerprint scan, face & others, hence, increasing the level of safety. Biometric access system does not ask for passwords, which makes it difficult to be hacked or stolen. Moreover, hackers cannot easily track down the passwords as the access is given on the owner’s recognition. In addition, biometric vehicle systems are easier and faster with respect to the operating pace. Some of the car manufacturers such as Ford, BMW, Mercedes-Benz, and Volkswagen plan to incorporate the biometric system in the cars for the safety and convenience of the customers.  

Developments in the Emerging Markets

The need for better security management impacts both the developed and the developing economies to protect themselves from unknown entities such as theft or other disturbing activities. Major players in the biometric technology try to establish themselves in the emerging markets.

High Installation Cost

The different technologies used in the automotive biometric access systems are fingerprint scanner, facial recognition, voice recognition, and others. However, as the installation cost of biometric devices are high, there is a possibility that only certain car manufacturers can afford this technology in the cars. This acts as a restraint for the growth of the automotive biometric systems market.

Key Benefits

  • This study comprises analytical depiction of the global automotive biometric market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2024 to benchmark the financial competency.
  • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

Automotive Biometric Market Key Segments:

By Technology

  • Fingerprint Scan
  • Voice Recognition
  • Face Recognition
  • Others

By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled

  • Hitachi, Ltd.
  • Fujitsu Limited
  • Nuance Communications
  • Voxx International Corporation
  • Safran S.A.
  • Synaptics Incorporated
  • ASSA ABLOY AB (HID Global Corporation)
  • BioEnable Technologies Pvt. Ltd.
  • Fingerprint Cards AB (publ)
  • Methode Electronics, Inc.
 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate-to-high intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. MARKET SHARE ANALYSIS, 2017
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increasing need for safety
3.5.1.2. Developments in emerging markets

3.5.2. Restraints

3.5.2.1. High installation cost
3.5.2.2. Breach of personal information

3.5.3. Opportunities

3.5.3.1. Rise in advancements of security features
3.5.3.1. Growth in demand for luxury vehicles

Chapter: 4: AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY

4.1. OVERVIEW
4.2. FINGERPRINT SCAN

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. VOICE RECOGNITION

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. FACIAL RECOGNITION

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. OTHERS

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

Chapter: 5: AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE

5.1. OVERVIEW
5.2. PASSENGER CAR

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. COMMERCIAL VEHICLE

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

Chapter: 6: AUTOMOTIVE BIOMETRIC MARKET, BY REGION

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by technology
6.2.3. Market size and forecast, by vehicle type
6.2.4. Market size and forecast, by country
6.2.5. U.S.

6.2.5.1. Market size and forecast, by technology
6.2.5.2. Market size and forecast, by vehicle type

6.2.6. Canada

6.2.6.1. Market size and forecast, by technology
6.2.6.2. Market size and forecast, by vehicle type

6.2.7. Mexico

6.2.7.1. Market size and forecast, by technology
6.2.7.2. Market size and forecast, by vehicle type

6.3. EUROPE

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by technology
6.3.3. Market size and forecast, by vehicle type
6.3.4. Market size and forecast, by country
6.3.5. U.K.

6.3.5.1. Market size and forecast, by technology
6.3.5.2. Market size and forecast, by vehicle type

6.3.6. Germany

6.3.6.1. Market size and forecast, by technology
6.3.6.2. Market size and forecast, by vehicle type

6.3.7. France

6.3.7.1. Market size and forecast, by technology
6.3.7.2. Market size and forecast, by vehicle type

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast, by technology
6.3.8.2. Market size and forecast, by vehicle type

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by technology
6.4.3. Market size and forecast, by vehicle type
6.4.4. Market size and forecast, by country
6.4.5. China

6.4.5.1. Market size and forecast, by technology
6.4.5.2. Market size and forecast, by vehicle type

6.4.6. India

6.4.6.1. Market size and forecast, by technology
6.4.6.2. Market size and forecast, by vehicle type

6.4.7. Japan

6.4.7.1. Market size and forecast, by technology
6.4.7.2. Market size and forecast, by vehicle type

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast, by technology
6.4.8.2. Market size and forecast, by vehicle type

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by technology
6.5.3. Market size and forecast, by vehicle type
6.5.4. Market size and forecast, by country
6.5.5. Latin America

6.5.5.1. Market size and forecast, by technology
6.5.5.2. Market size and forecast, by vehicle type

6.5.6. Middle East

6.5.6.1. Market size and forecast, by technology
6.5.6.2. Market size and forecast, by vehicle type

6.5.7. Africa

6.5.7.1. Market size and forecast, by technology
6.5.7.2. Market size and forecast, by vehicle type

Chapter: 7: COMPANY PROFILES

7.1. HITACHI, LTD.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance

7.2. FUJITSU LIMITED

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance

7.3. NUANCE COMMUNICATIONS

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments

7.4. VOXX INTERNATIONAL CORPORATION

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments

7.5. SAFRAN S.A

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. SYNAPTICS INCORPORATED

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. ASSA ABLOY AB (HID GLOBAL CORPORATION)

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance

7.8. BIOENABLE TECHNOLOGIES PVT. LTD

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio

7.9. FINGERPRINT CARDS AB (PUBL)

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio
7.9.4. Business performance
7.9.5. Key strategic moves and developments

7.10. METHODE ELECTRONICS, INC.

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance

LIST OF TABLES

TABLE 01. FINGERPRINT SCAN MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 02. VOICE RECOGNITION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 03. FACIAL RECOGNITION MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 04. OTHERS MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 05. GLOBAL AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 06. AUTOMOTIVE BIOMETRIC MARKET REVENUE FOR PASSENGER CAR, BY REGION, 2017-2024 ($MILLION)
TABLE 07. AUTOMOTIVE BIOMETRIC MARKET REVENUE FOR COMMERCIAL VEHICLE, BY REGION, 2017-2024 ($MILLION)
TABLE 08. AUTOMOTIVE BIOMETRIC MARKET, BY REGION, 2017-2024 ($MILLION)
TABLE 09. NORTH AMERICAN AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 10. NORTH AMERICAN AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 11. U.S. AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 12. U.S. AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 13. CANADA AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 14. CANADA AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 15. MEXICO AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 16. MEXICO AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 17. EUROPE AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 18. EUROPE AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 19. EUROPE AUTOMOTIVE BIOMETRIC MARKET, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 20. U.K. AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 21. U.K. AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 22. GERMANY AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 23. GERMANY AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 24. FRANCE AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 25. FRANCE AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 26. REST OF EUROPE AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 27. REST OF EUROPE AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 28. ASIA-PACIFIC AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 29. ASIA-PACIFIC AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 30. ASIA-PACIFIC AUTOMOTIVE BIOMETRIC MARKET, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 31. CHINA AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 32. CHINA AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 33. INDIA AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 34. INDIA AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 35. JAPAN AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 36. JAPAN AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 37. REST OF ASIA-PACIFIC AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 38. REST OF ASIA-PACIFIC AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 39. LAMEA AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 40. LAMEA AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 41. LAMEA AUTOMOTIVE BIOMETRIC MARKET, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 42. LATIN AMERICA AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 43. LATIN AMERICA AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 44. MIDDLE EAST AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 45. MIDDLE EAST AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 46. AFRICA AUTOMOTIVE BIOMETRIC MARKET, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 47. AFRICA AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE, 2017-2024 ($MILLION)
TABLE 48. HITACHI: COMPANY SNAPSHOT
TABLE 49. HITACHI: OPERATING SEGMENTS
TABLE 50. HITACHI: PRODUCT PORTFOLIO
TABLE 51. FUJITSU: COMPANY SNAPSHOT
TABLE 52. FUJITSU: OPERATING SEGMENTS
TABLE 53. FUJITSU: PRODUCT PORTFOLIO
TABLE 54. NUANCE COMMUNICATIONS: COMPANY SNAPSHOT
TABLE 55. NUANCE COMMUNICATIONS: OPERATING SEGMENTS
TABLE 56. NUANCE COMMUNICATIONS: PRODUCT PORTFOLIO
TABLE 57. VOXX: COMPANY SNAPSHOT
TABLE 58. VOXX: OPERATING SEGMENTS
TABLE 59. VOXX: PRODUCT PORTFOLIO
TABLE 60. BOSTON: COMPANY SNAPSHOT
TABLE 61. SAFRAN: OPERATING SEGMENTS
TABLE 62. SAFRAN: PRODUCT PORTFOLIO
TABLE 63. SYNAPTICS: COMPANY SNAPSHOT
TABLE 64. SYNAPTICS: PRODUCT PORTFOLIO
TABLE 65. ASSA ABLOY: COMPANY SNAPSHOT
TABLE 66. ASSA ABLOY: OPERATING SEGMENTS
TABLE 67. ASSA ABLOY: PRODUCT PORTFOLIO
TABLE 68. BIOENABLE: COMPANY SNAPSHOT
TABLE 69. BIOENABLE: PRODUCT PORTFOLIO
TABLE 70. FINGERPRINTS: COMPANY SNAPSHOT
TABLE 71. FINGERPRINTS: PRODUCT PORTFOLIO
TABLE 72. METHODE: COMPANY SNAPSHOT
TABLE 73. METHODE: OPERATING SEGMENTS
TABLE 74. METHODE: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP IMPACTING FACTORS
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. MARKET SHARE ANALYSIS, 2017
FIGURE 06. COMPARATIVE SHARE ANALYSIS OF FINGER SCAN MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 07. COMPARATIVE SHARE ANALYSIS OF VOICE RECOGNITION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 08. COMPARATIVE SHARE ANALYSIS OF FACIAL RECOGNITION MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF OTHERS MARKET, BY COUNTRY, 2017 & 2024 (%)
FIGURE 10. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE BIOMETRIC MARKET FOR PASSENGER CAR, BY COUNTRY, 2017 & 2024 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE BIOMETRIC MARKET FOR COMMERCIAL VEHICLES, BY COUNTRY, 2017 & 2024 (%)
FIGURE 12. HITACHI: NET SALES, 2015-2017 ($MILLION)
FIGURE 13. HITACHI: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 14. HITACHI: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 15. FUJITSU: NET SALES, 2015-2017 ($MILLION)
FIGURE 16. FUJITSU: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 17. FUJITSU: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 18. NUANCE COMMUNICATIONS: NET SALES, 2015-2017 ($MILLION)
FIGURE 19. NUANCE COMMUNICATIONS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 20. NUANCE COMMUNICATIONS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 21. VOXX: NET SALES, 2015-2017 ($MILLION)
FIGURE 22. VOXX: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 23. VOXX: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 24. SAFRAN: NET SALES, 2015-2017 ($MILLION)
FIGURE 25. SAFRAN: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 26. SAFRAN: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 27. SYNAPTICS: NET SALES, 2015-2017 ($MILLION)
FIGURE 28. SYNAPTICS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 29. ASSA ABLOY: NET SALES, 2015-2017 ($MILLION)
FIGURE 30. ASSA ABLOY: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 31. ASSA ABLOY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 32. FINGERPRINTS: NET SALES, 2015-2017 ($MILLION)
FIGURE 33. FINGERPRINTS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 34. FINGERPRINTS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 35. METHODE: NET SALES, 2015-2017 ($MILLION)
FIGURE 36. METHODE: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 37. METHODE: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

 

Vulnerabilities in the existing systems of keyless entry boost the adoption of biometrics in the automotive industry. Thus, the increase in need for safety propels the growth of the market. Some of the car manufacturers such as Ford, BMW, Mercedes-Benz, and Volkswagen plan to incorporate biometric system in the cars for the safety and convenience of the customers. Faraday Future, incorporated an external camera in their prototype SUV FF91 to recognize the car owner to provide access to the vehicle. The launch of technologies such as driver identification, biometric seats & steering wheel, and automated engine starters are anticipated in the near future.

Among the analyzed geographical regions, Europe accounted for the highest revenue in the global market in 2017 followed by North America, Asia-Pacific, and LAMEA. The robust automotive industry in the Europe and the increase in demand for advanced features and security drive the market growth in the region. However, Asia-Pacific is expected to grow at a higher growth rate, predicting a lucrative market growth. Increase in demand for luxury vehicle segments in Asia-Pacific boosts the demand for biometric systems. Further, technologically advanced products are increasing rapidly in the regions of China and India. This makes way for different lucrative market growth opportunities.

Hitachi, Ltd., Fujitsu Limited, Nuance Communications, Voxx International Corporation, Safran S.A, Synaptics Incorporated, ASSA ABLOY AB (HID Global Corporation), BioEnable Technologies Pvt. Ltd, Fingerprint Cards AB (publ), Methode Electronics, Inc. are the key market players that occupy a significant revenue share in the automotive biometric market.

 

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