The biometric identification market for automotive is projected to grow from USD 6.94 Billion in 2017 to USD 21.72 Billion by 2022, - PowerPoint PPT Presentation

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The biometric identification market for automotive is projected to grow from USD 6.94 Billion in 2017 to USD 21.72 Billion by 2022,

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The biometric identification market for automotive is projected to grow at a CAGR of 25.61% from 2017 to 2022 and is estimated to reach USD 21.72 billion by 2022. – PowerPoint PPT presentation

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Title: The biometric identification market for automotive is projected to grow from USD 6.94 Billion in 2017 to USD 21.72 Billion by 2022,


1
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. 
www.MarketsandMarkets.com
2
The growth of the biometric identification market
can be observed with the increase in demand for
premium vehicles. These vehicles are equipped
with comfort applications and safety features,
resulting in increased demand for biometric
system/components. The biometric identification
market is projected to have significant growth in
the North American region, which can be
attributed to the presence of a large number of
players with their manufacturing base in the U.S.
and increasing demand for luxury vehicles
equipped with the biometric features.  The
biometric identification market for automotive is
projected to grow at a CAGR of 25.61 from 2017
to 2022 and is estimated to reach USD 21.72
billion by 2022. Download our free PDF Brochure
and gain crucial industry insights that will help
your business grow https//www.marketsandmarkets.
com/pdfdownloadNew.asp?id41718140

3
With the increase in the application of biometric
systems, especially in passenger cars, the demand
for an efficient authentication system is
expected to rise. The multimodal authentication
system, which requires two levels of
authentication, is expected to have significant
demand in the near future. In the case of
commercial vehicles fleet management services,
the Federal Motor Carrier Safety Administration
(FMCSA) has made a mandate to use the Electronic
Logging Device (ELD) by 2019, which will
eventually drive the biometric identification
market for commercial vehicles. Request for free
Customization https//www.marketsandmarkets.com/r
equestCustomizationNew.asp?id41718140
4
Browse gtgt 93 market data
tables 49 figures
186 pages and in-depth TOC on
Biometric Identification Market - Global
Forecast to 2023 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
5
The increase in demand for luxury features is
expected to boost the demand for in-vehicle
health monitoring. The applications such as
memory seats and steering are expected to grow at
a fast rate during the forecast period. With the
adoption of new high-end technology in cars, the
North American region is estimated to be the
largest market for biometric systems and
components. The biometric solutions include
features such as vehicle access and in-vehicle
features, which are available in premium vehicles
as well as a few mid-level cars. With the
increase in demand, car manufacturers are
expected to offer these features in the mid-level
car segment along with additional features, which
will directly influence the biometric
identification market. Hence, the biometric
system/component manufacturers can focus on
formulating strategies to meet the increasing
demand for in-vehicle biometric
solutions. Request for sample https//www.market
sandmarkets.com/requestsampleNew.asp?id41718140
https//www.marketsandmarkets.com/requestsampleNew
.asp?id233573128
6
  • Target audience
  •  
  • Biometrics technology suppliers
  • Biometric system/component manufacturers
  • Dealers and distributors of automotive biometrics
    components and systems
  • Industry associations
  • Raw material suppliers
  • Automobile organizations/associations
  • Traders and distributors of biometric vehicle
    access systems
  • Automotive original equipment manufacturers (OEM)
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas
    e_reportNew.asp?id41718140

7
Key players - Automotive biometric system
manufacturers have adopted the strategies of new
product development and geographical expansion to
gain traction in the automotive biometric
identification market. The key market players are
Hitachi, Ltd. (Japan), FUJITSU (Japan), Synaptics
Incorporated (U.S.), Robert Bosch GmbH (Germany),
Continental AG (Germany), and Valeo (France).
8
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com
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