Global Automotive Biometric Identification Market Forecast Till 2024
Posted by Kavita on July 6th, 2019
harat Book Bureau Provides the Trending Market Research Report on “Global Automotive Biometric Identification Market By Technology (Facial Recognition, Fingerprint Recognition, etc.), By Sensor Type (CMOS, Optical & Retina), By Vehicle Type (Passenger Car & Commercial Vehicle), By Region, Competition, Forecast & Opportunities, 2024” under Automotive category. The report provides information on industry overview,market size, latest developments, industry trends, Key Manufacturers, global presence, device to communicate and their future prospects.
Global Automotive Biometric Identification market was valued at $ 138 million in 2019 and is projected to grow at a CAGR of over 17%, to reach $ 303 million by 2024. The growth in the market is led by rising demand for vehicle safety and security across the globe. Moreover, rising adoption of advanced technologies, such as artificial intelligence and cloud connectivity in vehicles is further anticipated to positively influence the market. Based on technology, the global automotive biometric identification market segmented into fingerprint recognition, facial recognition, iris recognition, voice recognition and multimodal recognition. Of all, facial recognition technology dominates the market owing to rising luxury car sales, increasing vehicle thefts, and technological advancements in automotive security systems.
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Years considered for this report:
Estimated Year: 2019
Objective of the Study:
Some of the major players operating in automotive biometric identification are Continental AG, Robert Bosch GmbH, Fujitsu Limited, OSRAM Licht AG, Synaptics Incorporated, Precise Biometrics AB, Nuance Communications, Inc., Fingerprints Cards A, etc.
To perform the study, conducted primary as well as exhaustive secondary research. Initially, prepared an exhaustive list of automotive biometric identification manufacturers and dealers operating globally. Subsequently,conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, could include manufacturers which could not be identified due to the limitations of secondary research. analyzed product offerings, distribution channels, and regional presence of all major automotive biometric identification suppliers across the globe.
calculated the market size for global automotive biometric identification using a bottom-up technique, wherein manufacturers’ value sales data for different applications, were recorded as well as forecast for the future years. sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive biometric identifications manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
• Market, by Vehicle Type:
• Market, by Technology:
• Market, by Sensors:
• Market, by Region:
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About the AuthorKavita
Joined: June 10th, 2019
Articles Posted: 320
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