Automotive Biometric Market is projected to be worth USD 2.17 Billion by 2028, registering a CAGR of 17.38% during the forecast period (2021 - 2028)., The market was valued at USD 221.85 million in 2020.
The global report dealing with the changes in the Automotive Biometric Market is set to cross a valuation worth USD 1,128 million by 2025 while moving forward with a 12% CAGR for the forecast period of 2019 to 2025. Market Research Future (MRFR) includes details and discusses possibilities of the market by analyzing factors like the impact of stringent safety protocols, growing inclusion of methods to lessen the contact, development of the automotive infrastructure in emerging countries, growing consumption capacity, and others. Increasing investment to back research and development and collaboration between brands are expected to provide thrust to the global market as well.
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Synaptics Incorporated (US), Fujitsu Ltd (Japan), VOXX International (US), Methode Electronics (US), Hitachi Ltd (Japan), Voicebox Technologies (US), Nuance Communications (US), Safran S.A (France), Fingerprint Cards AB (Sweden), Hid-Global (US), and others are companies that have been included for a comprehensive study of the Global Automotive Biometric Industry.
MRFR analysts have segmented the global Automotive Biometric Market Size on the basis of application, vehicle type, and technology to get data that would help in forming insights. Such insights can assist in developing tactical moves and spurring the profit margin.
By technology, the global study of the automotive biometric market includes a study of face recognition, fingerprint scan, voice recognition, and others. The fingerprint scan segment had the largest market share in 2018.
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By vehicle type, the report on the Automotive Biometric Market has been segmented into passenger cars and commercial vehicles. The passenger car segment reported the largest market share in 2018 and it would continue its dominance during the forecast period.
By application, the global discussion on the Automotive Biometric Market Share includes segments like driver safety system, vehicle security system, and advanced steering and infotainment. The vehicle security system segment had the largest market share and it will retain its position over the review period.
In 2018, North America led the global market and it is expected to continue its influence over the market during the review period. High investment capacity and the inclusion of advanced technologies are expected to boost the regional market.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 12
1.1 MARKET ATTRACTIVENESS ANALYSIS 14
1.1.1 GLOBAL AUTOMOTIVE BIOMETRIC MARKET, BY TYPE 14
1.1.2 GLOBAL AUTOMOTIVE BIOMETRIC MARKET, BY VEHICLE TYPE 15
1.1.3 GLOBAL AUTOMOTIVE BIOMETRIC MARKET, BY APPLICATION 16
1.1.4 GLOBAL AUTOMOTIVE BIOMETRIC MARKET, BY REGION 17
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 MARKET STRUCTURE 18
2.4 KEY BUYING CRITERIA 19
3 RESEARCH METHODOLOGY 20
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 23
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 23
3.6 FORECAST MODEL 24
3.7 LIST OF ASSUMPTIONS 25
4 MARKET DYNAMICS 26
4.1 INTRODUCTION 26
4.2 DRIVERS 27
4.2.1 INCREASE IN SALE OF EV AND LUXURY VEHICLES 27
4.2.2 RISING CONCERNS REGARDING SAFETY AND SECURITY 28
4.2.3 DRIVERS IMPACT ANALYSIS 29
4.3 RESTRAINT 29
4.3.1 HIGH COST OF THE SYSTEM 29
4.3.2 RESTRAINT IMPACT ANALYSIS 30
4.4 OPPORTUNITY 30
4.4.1 RISING ADOPTION IN DEVELOPED COUNTRIES 30
4.4.2 ADOPTION OF CONNECTED, AUTOMATED, AND ELECTRIFIED MOBILITY 31
4.5 COVID-19 IMPACT ANALYSIS 32
4.5.1 ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY 32
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 32
188.8.131.52 FORD 33
184.108.40.206 AMERICAN HONDA 33
220.127.116.11 FCA 33
18.104.22.168 KIA 33
22.214.171.124 VOLKSWAGEN 33
4.5.3 IMPACT ON AUTOMOTIVE BIOMETRIC MARKET 34
126.96.36.199 IMPACT ON SUPPLY CHAIN 34
188.8.131.52 IMPACT ON RAW MATERIALS 34
184.108.40.206 CASH FLOW CONSTRAINTS 34
4.5.4 IMPACT ON WORLD TRADE 34
5 MARKET FACTOR ANALYSIS 35
5.1 PORTER’S FIVE FORCES MODEL 35
5.1.1 THREAT OF NEW ENTRANTS 35
5.1.2 BARGAINING POWER OF SUPPLIERS 36
5.1.3 THREAT OF SUBSTITUTES 36
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