"The
Report Global Biometric Market in the Automotive Sector 2017-2021
provides information on pricing, market analysis, shares, forecast,
and company profiles for key industry participants. -
MarketResearchReports.biz"
A
recent market research report added to the comprehensive portfolio of
MarketResearchReports.biz presents a detailed analysis of the
biometric market in the automotive sector. The report, titled “Global
Biometric Market in the Automotive Sector
2017-2021,” states that the rising concerns regarding the
vulnerability of keyless entry systems in advanced vehicles will be
the key factor driving the demand for biometric recognition features
in the automotive sector. The market is expected to exhibit a
promising 19% CAGR over the period between 2017 and 2021.
The
report states that from a geographical perspective, the market for
biometrics in the automotive sector will be dominated by the EMEA
(Europe, Middle East, and Africa) regional market in the next few
years. Owing to the presence of some of the world’s most prominent
automotive manufacturers, including Audi, BMW, Mercedes-Benz, and
Volkswagen in Europe and the high demand for premium vehicles from
several developed countries in the Middle East, the EMEA region will
emerge as the leading contributor of revenue to the global market.
On
the basis of technology, the biometric market in the automotive
sector has been segmented into fingerprint biometrics, facial
recognition, voice recognition, and iris recognition. Of these, the
segment of fingerprint biometrics accounted for the dominant share in
the market, chiefly owing to the low cost of finger print scanners.
Mercedes-Benz, one of the leading manufacturers of premium vehicles,
has recently introduced the fingerprint biometric technology in its
S-Class models. The technology allows the owner to start the car with
the help of fingerprint recognition.
On
the basis of end use, the biometric market in the automotive sector
is segmented into consumer vehicles and commercial vehicles. Of
these, the segment of consumer vehicles is estimated to be the
leading sector, accounting for the dominant share in the global
market in 2016. The rising demand from the high-net-worth population
for highly sophisticated vehicles with advanced technologies is
encouraging automotive companies to manufacture premium vehicles that
offer increasingly advanced safety features such as biometric
systems. Owing to this trend, the segment of consumer vehicles will
continue to be the dominant end-user of biometric systems in the next
few years as well.
The
vendor landscape of the global biometric market for the automotive
industry features the presence of a large number of biometric system
manufacturers and is highly competitive. Moreover, automotive OEMs
are also focusing on the development of advanced technologies such as
biometrics to introduce products capable of serving the rapidly
evolving needs of the industry.
View
Press Release @
In
order to acquire advanced technologies and expand their reach in new
areas of application, several biometric companies have started
following the course of mergers and acquisition strategies. A recent
instance is the acquisition of multispectral fingerprint technology
company Lumidigm by HID Global.
Some
of the leading companies operating in the global biometric market in
the automotive sector are BioEnable, Synaptics, Miaxis, Sonavation,
Techshino, EyeLock, Olea Sensor Networks, BIODIT, Fingerprint Cards,
VOXX International, Fujitsu, IriTech, HID Global, NEC, KeyLemon,
Safran, and Nuance.
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