Automotive Biometric Identification System Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Automotive Biometric Identification System Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Automotive Biometric Identification System market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Automotive Biometric Identification System Reports Highlights
What is the size of the Automotive Biometric Identification System Market?
The Global Automotive Biometric Identification System Market is projected to grow at a CAGR of around 22% during the forecast period, i.e., 2023-28. Most of the market would be driven by the mounting demand for autonomous & connected vehicles, the ever-increasing inclusion of smartphone-enabled features in cars, and the burgeoning demand for data-driven services in vehicles. Worldwide, the massive surge in the sales of passenger cars in the last decade, and consequently, active efforts of automakers to enhance vehicle safety & security are further projected to drive the market.
What do the growth prospects and trends look like in the Automotive Biometric Identification System Industry?
The ever-increased penetration of connected cars and the demand for self-driving autonomous cars to provide enhanced comfort & convenience to drivers are spurring the usage of advanced technologies like the IoT (Internet of Things), AI (Artificial Intelligence), & ML (Machine Learning), among others, and, consequently, augmenting the demand for biometric systems like facial, voice, fingerprint recognition, etc., for improved vehicle privacy & safety. Currently, the rising installation of these technologies as access control systems to start the vehicle through different biometric scanners is providing users with a more personalized experience and, in turn, driving the Global Automotive Biometric Identification System Market.
What Components are encompassed within Automotive Biometric Identification System Market segmentation?
The report has divided the market into the following segments:
By Vehicle Type
-Embedded Micro Computers
By Behavioral Characteristics and Sensor Types
By Physiological Characteristics & Sensor Types
-Metal oxide Semiconductor/ Image Sensors
-Optical/Fingerprint and Palm Sensors
-Iris/Retinal Recognition Sensors
-Middle East & Africa
View Full Report with TOC & List of Figure: – https://www.marknteladvisors.com/research-library/global-automotive-biometric-identification-system-market.html
Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Nissan Motors Co., Ltd
-Honda Motor Co.
-Fiat Chrysler Automobiles N.V.
-Voxx International Corporation
-Assa Abloy AB
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