At 25+% CAGR Biometric Identification Market for ICE, EV & Autonomous Vehicles Potentially Worth $21.72 Billion by 2022 Led by Voice Recognition System
PUNE, India, Aug. 22, 2017 /PRNewswire-iReach/ -- Asia-Oceania and North America are estimated to dominate the global biometric identification market for automotive. While Asia-Oceania is estimated to be the fastest growing market, North America is estimated to be the largest market during the forecast period. In Asia-Oceania, the growth of automotive biometric solutions has been observed owing to rapid technological changes and increasing demand for luxury vehicles, which have boosted the application of biometric and the overall biometric identification market. On the other hand, the market growth in North America can be attributed to advanced state-of-the-art technology and increasing demand for premium cars, which ultimately increases the application of biometric in the automotive industry. Browse 105 Market Data Tables and 67 Figures spread through 200 Pages and in-depth TOC on "Biometric Identification Market for ICE, EV, & Autonomous Vehicles - Forecast to 2022" http://www.reportsnreports.com/reports/1157437-biometric-identification-market-for-ice-ev-autonomous-vehicles-by-authentication-process-fingerprint-voice-iris-facial-gesture-multimodal-sensor-cmos-optical-retinal-processing-component-applicati-st-to-2022.html .
The optical sensors are estimated to showcase the fastest growth and are expected to dominate the biometric identification market by components. The market for optical sensors is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. The optical sensors are lightweight and consume less power. As these components are used in the authentication system/modules such as fingerprint recognition, signature/keystroke recognition, and iris recognition, the increase in demand for biometric systems would directly influence the demand for components.
The increase in demand for vehicle safety, security, and comfort to upsurge the demand for biometric identification systems in the automotive industry. Increasing demand for vehicle security and comfort is projected to fuel the demand for advanced technologies such as iris or facial recognition system. On the other hand, the major factors hindering the growth of the biometric identification market in vehicles are the high cost of system or module and the possibility of potential failure of electronic components used for biometric systems.
The biometric vehicle access system is projected to be the largest segment of the biometric identification market for automotive, by application. The growth of this segment can be attributed to increasing focus on comfort, safety, and vehicle security in premium cars in North America and Europe. The manufacturers are now offering advanced features such as fingerprint authentication in high-end vehicles. With the increase in demand for luxury vehicles in Asia-Oceania, the market for biometric identification is expected to grow in the region in the near future.
The key companies profiled in the study are Hitachi, Ltd. (Japan), FUJITSU (Japan), Safran (France), Synaptics Incorporated (U.S.), Nuance Communications, Inc. (U.S), Methode Electronics (U.S), HID Global Corporation/ASSA ABLOY AB (U.S.), VOXX International Corp. (U.S.), Fingerprint Cards AB (Sweden), Voicebox Technologies Corporation (U.S.), Robert Bosch GmbH (Germany), Continental AG (Germany), and Valeo (France). Download PDF Brochure "Biometric Identification Market for ICE, EV, & Autonomous Vehicles, by Authentication Process (Fingerprint, Voice, Iris, Facial, Gesture, Multimodal), Sensor (CMOS, Optical, Retinal), Processing Component, Application, Wearable, and Region - Forecast to 2022" research report at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1157437 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and OEM (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (75%) and Manager Level (25%) from various key organizations operating in the biometric identification market for automotive. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), Asia-Oceania (40%), and RoW (30%).
Research Coverage: The global biometric identification market for automotive is segmented by the identification process (fingerprint, voice, iris, facial, gesture, and multimodal recognition system), application (biometric vehicle access system, engine start-stop system, driver fatigue & drowsiness monitoring system, memory steering, memory seats, and infotainment system), and electric vehicle type (BEV, HEV, and PHEV).The market is also segmented by characteristics, components and sensor type, namely, metal oxide semiconductor (CMOS)/image sensors, optical/fingerprint & palm sensors, iris/retinal recognition sensors, microphone/voice sensors, signature/keystrokes sensors, Processing units, embedded microcomputers, micro chipsets, optical flexible electronic (vein detection). The biometric market for automotive is also segmented by biometric wearables (watches, eyeglasses, and headsets), fleet management services (electronic logging devices and driver monitoring system) and autonomous & semi-autonomous vehicle (vehicle access and in-vehicle features).
Another research titled Automotive Gesture Recognition Systems Market Global Forecast to 2021 says, the automotive GRS market is projected to grow at a CAGR of 30.5%, to reach $3144.8 million by 2021. The hand/ fingerprint authentication type is the largest market segment, in terms of value, in the automotive GRS market. Touchless systems are expected to grow at a high CAGR among component type segment. Europe is the largest region in the automotive GRS market. Companies such as Continental AG (Germany), HARMAN International Industries (U.S.), SoftKinetic (Belgium), Synaptics Incorporated (U.S), Visteon Corporation (U.S.), NXP Semiconductors (Netherlands), Omek Interactive Ltd. (Israel), Qualcomm Inc. (U.S.), eyeSight Technologies Ltd. (Israel), Cognitec Systems GmbH (Germany) have been profiled in this 130 pages research report available at http://www.reportsnreports.com/contacts/requestsample.aspx?name=927449 .
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