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Automotive Biometric Market Size 2022 Top Companies Overview, Industry Share, Growth Analysis and Forecast till 2027

 The global automotive biometric market reached a value of US$ 735.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,793.10 Million by 2027, exhibiting a CAGR of 15.20% during 2022-2027.

Automotive biometric refers to an electronic device that is utilized for identification and authentication in vehicles. It is a user-friendly, reliable, and convenient identification and monitoring method. The system is based on behavioral and psychological characteristics used to verify and recognize manual access. Automotive biometric finds application in vehicular access, ignition switch, vehicle immobilizer, rationalization, and health monitoring. It is available in the form of a fingerprint scanner, facial recognition, voice recognition, iris recognition, and palm recognition. Automotive biometric also collects data from various vehicle components to monitor the stress and anxiety of the driver and ensure their comfort and safety.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.


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Automotive Biometric Market Trends and Drivers:

The global automotive biometric market is primarily driven by the significant growth of the automotive industry. The increasing concern of individuals about vehicle safety and security is also propelling the product demand. 

Nowadays, car rental agencies rely on vehicles with automotive biometric to streamline transactions, which is facilitating market growth across the globe. In addition, insurance companies are offering substantial discounts to vehicles with biometric systems, which provide safe remote start-ups, in-car payments, hands-free features, automatic present adjustments, and myriad passenger safety benefits. 

Furthermore, technological advancements, such as the integration of artificial intelligence (AI), the Internet of Things (IoT), and cloud connectivity, are anticipated to positively impact market growth in the upcoming years. 

Global Automotive Biometric Market 2022-2027 Analysis and Segmentation:


Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aware Inc., BioEnable Technologies Pvt. Ltd., Continental AG, Fingerprint Cards AB, Fujitsu Limited, Hitachi Ltd., IriTech Inc., Methode Electronics Inc., Precise Biometrics AB, Shenzhen Goodix Technology Co. Ltd., Synaptics Incorporated and VOXX International Corporation. 

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The report has segmented the market on the basis of region, technology, vehicle type, sales channel and application.


Breakup by Technology:

Fingerprint Scan

Voice Recognition

Facial Recognition

Others

 
Breakup by Vehicle Type:

Passenger Car

Commercial Vehicle

Breakup by Sales Channel:

OEMs

Aftermarket

 
Breakup by Application:

Vehicle Security System

Driver Safety System

Advanced Steering and Infotainment

Others


Breakup by Region:

North America: (United States, Canada)

Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

Market Performance (2016-2021)

Market Outlook (2022- 2027)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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