You are here
Biometric Identification Market is driven by Rising Concerns for Vehicle Security.
The biometric identification market for automotive is projected to grow from USD 6.94 Billion in 2017 to USD 21.72 Billion by 2022
According to the market research report Biometric Identification Market by Authentication Type (Single-Factor and Multifactor), Functionality Type (Contact, Non-Contact, and Combined), Component (Hardware and Software), Application, and Geography — Global Forecast to 2023. The biometric identification market for automotive is projected to grow from USD 6.94 Billion in 2017 to USD 21.72 Billion by 2022, at a CAGR of 25.61% during the forecast period.
Download our free PDF Brochure
“Voice recognition system to be the largest market for biometric identification“
The voice recognition system is one of the most common features that the manufacturers are now offering in the mid to high-end passenger cars. Although voice recognition is a basic feature as compared to other biometric identification technologies and has little role to play in vehicle security, OEMs are offering it as a comfort or driver assistance feature. Along with voice authentication, the voice recognition system is also used for navigation and infotainment.
Request for free Customization:
Target Audience of Biometric Identification Market
- Biometrics technology suppliers
- Biometric system/component manufacturers
- Dealers and distributors of automotive biometrics components and systems
- Industry associations
- Raw material suppliers
Browse and in-depth TOC on Biometric Identification Market
105 — Tables
67 — Figures
200 — Pages
“Presence of a large number of manufacturers would drive the North American biometric identification market”
The North American region is projected to have the largest share of the biometric identification market during the forecast period. The market growth in the region can be attributed to the presence of a large number of manufacturers such as Synaptics Incorporated (U.S.), Nuance Communications, Inc. (U.S.), and Methode Electronics (U.S.), among others. Also, the rising concerns for vehicle security and increasing demand for luxury vehicles equipped with biometric module or system such as fingerprint recognition and iris recognition will boost the market for biometric identification in the region.
Request for sample:
The key market players are Hitachi, Ltd. (Japan), FUJITSU (Japan), Synaptics Incorporated (U.S.), Robert Bosch GmbH (Germany), Continental AG (Germany), and Valeo (France)
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1–888–600–644
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model — GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.