Biometric Identification Market for ICE, EV, & Autonomous Vehicles Worth 21.72 Billion USD by 2022

Biometric Identification Market for ICE, EV, & Autonomous Vehicles Worth 21.72
                             Billion USD by 2022

  PR Newswire

  PUNE, India, August 14, 2017

PUNE, India, August 14, 2017 /PRNewswire/ --

The report " 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 ", published by
MarketsandMarkets™, the market for automotive, by value, is projected to grow
at a CAGR of 25.61% from 2017 to 2022, to reach USD 21.72 Billion by 2022.

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Browse   105 Market Data Tables and   67 Figures spread through   200 Pages
and in-depth TOC on   "Biometric Identification Market "

http://www.marketsandmarkets.com/Market-Reports/biometric-identification-market-41718140.html

Early buyers will receive 10% customization on this report.  

Factors such as rising focus on safety, security, and comfort and increase in
sales of premium vehicles are projected to fuel the demand for advanced
biometric identification technologies. The increase in sales of hybrid,
electric, and plug-in hybrid vehicles would also influence the demand for
biometric identification system in the near future.

" 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. Owing to its multiple uses, the voice recognition system
market is estimated to account for the largest market during the forecast
period. This technology is expected to grow due to low prices (as compared
with other features) and increasing demand for infotainment and navigation
systems, which act as a differentiating feature for OEMs.

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" Fingerprint recognition to grow at the fastest pace in the Biometric
Identification Market "  

With the increase in vehicle theft and demand for keyless entry and engine
start functions, the demand for fingerprint authentication process has
increased. In comparison to the other biometric processes, the fingerprint
technique can be easily incorporated in the vehicle. Also, with economy of
scale, it will offer a cost advantage to the manufacturers. Further, the
manufacturer can also offer additional features with fingerprint
authentication such as biometric engine start functions. With the introduction
of autonomous cars, the fingerprint authentication system is expected to have
a major impact. Features such as integrated mobility solutions and goods
delivery through personalized pods/lockers can be incorporated. In-vehicle
payment and identification are also expected to be carried out by fingerprint
authentication. Hence, with technological and design modifications, the
biometric fingerprint recognition market is expected to be the fastest growing
market.

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" 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.

The major 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).

Browse related reports:  

End-point Authentication Market for Automotive by Type (Wearable, Smartphone
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Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/automotive-end-point-authentication-market-95962210.html

Automotive Gesture Recognition Systems Market by Component Type (Touch Based
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Face, Vision/iris), Application (Lighting System), and Region - Global
Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/automotive-gesture-recognition-systems-market-7994636.html

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