Automotive Biometric Market Report 2023 Opportunity, Latest Trends, Future Outlook And Key Players Analysis Till 2030 | IriTech, Gemalto, Nuance

PRESS RELEASE
Published November 8, 2023

New Jersey, United States – The Automotive Biometric Market research report offers an effective industry perspective, highlighting forthcoming trends and factors influencing market growth in terms of rate, size, trade, and insights into key industry players, coupled with projections. Moreover, it provides a brief overview of the market research methodology and the opportunities it presents. The report also identifies the competitive landscape across various sectors to provide insights into global competition. It delves into the projected growth of the global Automotive Biometric market from 2023 to 2030, considering both the static and dynamic aspects of businesses, which have been compiled for the purpose of this research report.

Major Key Players are IriTech, Gemalto, SRI International, Continental, Nuance, Safran, Gentex, Google, Samsung, Mismo, Oculus, Microsft, Pebble

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Market Overview:

The global automotive biometric market size was valued at USD 1.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.2% from 2023 to 2030 to reach USD 4.8 billion by 2030. The automotive biometric market is a specialized segment within the broader automotive technology and security industry, dedicated to the integration of biometric authentication methods in vehicles. These biometric systems utilize unique physiological or behavioral characteristics, such as fingerprint recognition, facial recognition, voice recognition, and iris scanning, to enhance vehicle security and user convenience. This market primarily serves the automotive industry, offering features like keyless entry, ignition systems, and driver identification, improving vehicle access and safety.

Global Automotive Biometric Market: Segmental Analysis

Automotive Biometric Market by Type:
Face Recognition
Voice Recognition
Fingerprint Recognition
Iris Recognition
Others

Automotive Biometric Market by Application:
ADAS
Access Control

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Recent Developments:

Recent developments in the automotive biometric market include the integration of advanced biometric technology with vehicle systems, enhancing accuracy and speed in identification processes. The introduction of multimodal biometric systems, combining multiple recognition methods, has improved security and reliability. The market has seen the development of driver monitoring systems, which utilize biometric data to monitor driver attentiveness and fatigue, contributing to improved road safety. Additionally, privacy and data protection measures have gained attention, addressing concerns related to the collection and storage of biometric data within vehicles.

Regional Analysis for Global Automotive Biometric Market:

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the remainder of Europe)
  • Asia Pacific (China, Japan, India, and the remainder of the Asia Pacific district)
  • Latin America (Brazil, Mexico, and the remainder of Latin America)
  • Center East and Africa (GCC and rest of the Center East and Africa)

Industry Analysis:-

The automotive biometric industry plays a pivotal role in enhancing vehicle security and personalization, with applications ranging from vehicle access to secure digital transactions. Market growth is influenced by factors such as the demand for vehicle security and anti-theft solutions, the need for user-friendly and efficient access systems, and the integration of biometric features with connected and autonomous vehicles. Privacy and data security regulations are critical considerations for the industry to ensure user data protection.

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Extracts from Table of Content:

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Automotive Biometric Market Size Growth Rate by Type:

1.3 Market by Application

1.3.1 Global Automotive Biometric Market Growth by Application:

2 Global Growth Trends

2.1 Global Automotive Biometric Market Perspective

2.2 Automotive Biometric Growth Trends by Region

2.2.1 Global Automotive Biometric Market Size by Region:

2.2.3 Automotive Biometric Forecasted Market Size by Region

2.3 Automotive Biometric Market Dynamics

2.3.1 Automotive Biometric Industry Trends

2.3.2 Market Drivers

2.3.3 Market Challenges

2.3.4 Market Restraints

3 Competition Landscape by Key Players

3.1 Top Players by Revenue

3.1.1 Top Players by Revenue

3.1.2 Revenue Market Share by Players

3.2 Market Share by Company Type

3.3 Players Covered: Ranking by Automotive Biometric Revenue

3.4 Market Concentration Ratio

3.4.1 Market Concentration Ratio

3.4.2 Global Top 10 and Top 5 Companies by Automotive Biometric Revenue in 2023

3.5  Key Players Head office and Area Served

3.6 Key Players Automotive Biometric Product Solution and Service

3.7 Date of Enter into Market

3.8 Mergers and Acquisitions, Expansion Plans

4 Breakdown Data by Type

4.1 Historic Market Size by Type

4.2 Forecasted Market Size by Type

5 Automotive Biometric Breakdown Data by Application

5.1 Historic Market Size by Application

5.2 Forecasted Market Size by Application

6 North America

7 Europe

8 Asia-Pacific

9 Latin America

10 Middle East and Africa

11 Key Players Profiles

12 Analyst’s Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

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