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Global Automotive Biometrics Market to reach USD 1478 million by 2027

Global Automotive Biometrics Market Size study, by Technology (Fingerprint Scan, Voice Recognition, Face Recognition, Others), by Vehicle Type (Passenger Cars, Commercial Vehicle) and Regional Forecasts 2020-2027

Product Code: ALATAE_59567386
Publish Date: 18-10-2020
Page: 200

Global Automotive Biometrics Market is valued at approximately USD 597 million in 2019 and is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2020-2027. The recent technological developments in automotive industry has enabled the automotive manufacturers to utilize biometric technologies that helps to improve the overall vehicle security and other accessibility advantages. Automotive biometrics is a type of electronic device utilized for the authentication and identification in vehicle for a range of applications, including vehicular access, vehicle immobilizer, ignition switch, health monitoring, and rationalization. It a user-friendly, convenient, and consistent identification and monitoring method. Also, the use of automotive biometrics in vehicles can offer better safety and protection for driver assistance and accident prevention, which eventually strengthening the adoption for automotive biometrics across the globe. Moreover, the rise in production and sales of passenger cars and commercial vehicles, growing awareness among automobile manufacturers regarding vehicle safety, and increasing development of autonomous vehicles are the few factors responsible for the CAGR of the market during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), in Asia, around 43.4 million passenger cars produced in the yar 2018, signifying a high upturn from 24.6 million units in 2008. Likewise, the OICA estimated that the commercial vehicle production in America was about 11 million units in 2017, which increased to nearly 12 million units in 2018. This, in turn, is likely to strengthen the demand for automotive biometrics, thereby contributing to the market growth around the world. However, the high installation cost and breach of personal information are the few factors limiting the market growth over the forecast period of 2020-2027.

The regional analysis of the global Automotive Biometrics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high adoption of vehicle safety devices and technologies, along with the wide presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in production of passenger vehicles and commercial vehicle, coupled with rising investment on autonomous vehicle in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the Automotive Biometrics market in the Asia-Pacific region.

Major market player included in this report are:
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
Methode Electronics, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Fingerprint Scan
Voice Recognition
Face Recognition

By Vehicle Type:
Passenger Cars
Commercial Vehicle

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Automotive Biometrics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Automotive Biometrics Market, by Region, 2018-2027 (USD Million)
1.2.2. Automotive Biometrics Market, by Technology, 2018-2027 (USD Million)
1.2.3. Automotive Biometrics Market, by Vehicle Type, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Biometrics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Biometrics Market Dynamics
3.1. Automotive Biometrics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Automotive Biometrics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Biometrics Market, by Technology
5.1. Market Snapshot
5.2. Global Automotive Biometrics Market by Technology, Performance – Potential Analysis
5.3. Global Automotive Biometrics Market Estimates & Forecasts by Technology 2017-2027 (USD Million)
5.4. Automotive Biometrics Market, Sub Segment Analysis
5.4.1. Fingerprint Scan
5.4.2. Voice Recognition
5.4.3. Face Recognition
5.4.4. Others
Chapter 6. Global Automotive Biometrics Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Automotive Biometrics Market by Vehicle Type, Performance – Potential Analysis
6.3. Global Automotive Biometrics Market Estimates & Forecasts by Vehicle Type 2017-2027 (USD Million)
6.4. Automotive Biometrics Market, Sub Segment Analysis
6.4.1. Passenger Cars
6.4.2. Commercial Vehicle
Chapter 7. Global Automotive Biometrics Market, Regional Analysis
7.1. Automotive Biometrics Market, Regional Market Snapshot
7.2. North America Automotive Biometrics Market
7.2.1. U.S. Automotive Biometrics Market Technology breakdown estimates & forecasts, 2017-2027 Vehicle Type breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Automotive Biometrics Market
7.3. Europe Automotive Biometrics Market Snapshot
7.3.1. U.K. Automotive Biometrics Market
7.3.2. Germany Automotive Biometrics Market
7.3.3. France Automotive Biometrics Market
7.3.4. Spain Automotive Biometrics Market
7.3.5. Italy Automotive Biometrics Market
7.3.6. Rest of Europe Automotive Biometrics Market
7.4. Asia-Pacific Automotive Biometrics Market Snapshot
7.4.1. China Automotive Biometrics Market
7.4.2. India Automotive Biometrics Market
7.4.3. Japan Automotive Biometrics Market
7.4.4. Australia Automotive Biometrics Market
7.4.5. South Korea Automotive Biometrics Market
7.4.6. Rest of Asia Pacific Automotive Biometrics Market
7.5. Latin America Automotive Biometrics Market Snapshot
7.5.1. Brazil Automotive Biometrics Market
7.5.2. Mexico Automotive Biometrics Market
7.6. Rest of The World Automotive Biometrics Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Hitachi, Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Fujitsu Limited
8.2.3. Nuance Communications
8.2.4. Voxx International Corporation
8.2.5. Safran S.A.
8.2.6. Synaptics Incorporated
8.2.7. ASSA ABLOY AB (HID Global Corporation)
8.2.8. BioEnable Technologies Pvt. Ltd.
8.2.9. Fingerprint Cards AB
8.2.10. Methode Electronics, Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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