Market Segments' Analysis
Automotive Biometric Market Share: By Type
Based on the type, the market is segmented as fingerprint scan, voice recognition, face recognition, and others. Among these, the fingerprint scan segment held the largest market share in 2021 and is expected to maintain its dominance during the forecast period. The automotive industry is pioneering the use of fingerprint recognition technology to improve vehicle safety, which has fueled the growth of this segment.
Automotive Biometric Market Share: By Vehicle Type
Based on the vehicle type, the market is segmented as passenger cars and commercial vehicles. Commercial vehicles are expected to grow rapidly in the market due to factors such as increasing demand for comfort, safety, and automatic features. Furthermore, growing demand for commercial vehicles in the tourism, logistics, manufacturing, and processing sectors is expected to drive the demand for automotive biometric systems in commercial vehicles.
Automotive Biometric Market Share: By Application Type
Based on the application type, the market is segmented as vehicle security system, driver safety system, advanced steering and infotainment, and others. The growing number of vehicle and fuel theft cases necessitates the installation of vehicle security systems. The increasing technological advancements in vehicle safety features such as biometrics, GPS, fingerprint sensors, cameras, and RFID are expected to drive the demand for vehicle security systems during the forecast period.
Automotive Biometric Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The region offers significant growth potential for the automotive biometric market due to the high demand for vehicles in countries such as China, Japan, India, and South Korea. As automotive biometric systems are used to identify and authenticate vehicles in order to improve vehicle safety and comfort, the automotive biometric market is expanding in tandem with the region's increasing vehicle sales.
Market Scope & Segmentation
A biometric system is an essential system that is used in automobiles for biometric identification and authentication. Its purpose is to provide vehicle safety and is used in a variety of applications such as vehicle immobilizers, health monitoring, and biometric car access. Due to the increasing number of vehicle thefts, biometric automotive security has become a critical concept in the automotive industry.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Automotive Biometric Market Research Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The automotive biometric market is segmented into the following categories
Automotive Biometric Market Size, Share, & Forecast, by Type:
- Fingerprint Scan (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Voice Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Face Recognition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Biometric Market Size, Share, & Forecast, by Vehicle Type:
- Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Biometric Market Size, Share, & Forecast, by Application Type:
- Vehicle Security System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Driver Safety System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Advanced Steering and Infotainment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Biometric Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation by any one of the types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
