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(IT-NEWSWIRE.COM, August 14, 2019 ) "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", The biometric identification market for automotive is projected to grow from USD 6.94 Billion in 2017 to USD 21.72 Billion by 2022, at a CAGR of 25.61% during the forecast period.
The key factors driving the global market are increasing demand for vehicle security, safety, and comfort. The future growth of biometric identification systems would be fueled by the development of autonomous cars and integrated mobility solutions, which have personalized access and payment systems.
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).
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China and India together contribute 35% of the global vehicle production and 34% of the global passenger car production. Also, the demand for luxury vehicles has increased in these countries. Due to this, Asia-Oceania is estimated to be the fastest-growing market for biometric identification during the forecast period.
The North American region is projected to have the largest market. With the increase in demand for luxury vehicles and an increase in vehicle thefts in the region, there are rising concerns for driver authentication. The market growth in this region is also supported by the presence of a large number of biometric system and component manufacturers.
The study segments the global market by the identification process (fingerprint, voice, iris, facial, gesture, and multimodal recognition system). The fingerprint recognition market is estimated to grow at the highest rate during the forecast period owing to its reliability for authentication or identification and ease of installation. The market for voice recognition is estimated to have the largest market share owing to its use for multiple applications such as navigation and infotainment among others.
The study segments the global market, by application, into biometric vehicle access system, engine start-stop system, driver fatigue & drowsiness monitoring system, memory steering, memory seats, and infotainment system. With the increase in demand for in-vehicle health monitoring and comfort applications, the demand for memory seats is expected to rise. The memory seat market is thus projected to grow at the highest rate during the forecast period. The market for biometric vehicle access is estimated to have the largest market share due to rising concerns for vehicle security.
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The market is also segmented by electric vehicle type into battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). Based on characteristics, components, and sensor type, namely CMOS sensors, optical sensors, retinal recognition sensors, and processing components, the biometric component market is calculated.
The market for biometric wearables such as watches, eyeglasses, and headsets has increased owing to their increased demand and in-vehicle applications. Due to the increase in government mandates for installing biometric devices, electronic logging devices, and driver monitoring system are considered under the fleet management services. In the case of autonomous and semi-autonomous vehicles, biometric in-vehicle features and features used for vehicle access are mapped.
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)
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MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
newsletter@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
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