A comprehensive overview of the Automotive Biometric Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Automotive Biometric Market. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the Automotive Biometric Market at the regional levels. The Automotive Biometric Markets is expected to witness CAGR growth of around 34% by 2027.

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Market Overview

Growth in the number of vehicle theft is expected to increase the demand with biometric system for vehicle security. In 2018, New Zealand had the highest car theft rate worldwide, with 1,172 occurrences per 100,000 inhabitants. Other countries with the highest car theft rate were Uruguay, Italy, and the United States. As per FBI, in US, in 2020, 810,400 vehicles were stolen, the highest annual number of vehicles stolen since 2008 (959,059 vehicles were stolen). In 2020, the number of vehicles stolen increased by 11.8% compared to 724,872 in 2019. Further rising demand for luxury vehicle is further expected to propel demand for vehicle security system. China was the largest motor vehicle producer in 2020, the country produced more than 25.2 million passenger cars and commercial vehicles in the year.

Automotive Biometric Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Component, the market is primarily bifurcated into:

·         Hardware

·         Software

Based on component, software segment is expected to witness significant growth during the forecast period. As per the Credit Suisse, global shipment of fingerprint sensing systems increased by 200 million units in the last 3 years and is expected to reach more than 1.1 billion units in 2020.

By Technology, the market is primarily studied into:

·         Fingerprint recognition

·         Voice recognition

·         Iris recognition

·         Facial recognition

Based on Technology, Fingerprint recognition segment dominated the market and is expected to maintain its dominance throughout the analysis period. Fingerprint recognition technology have evolved in the past few years, owing to the increased adoption of smartphones and increased adoption of biometric technology for safety and security purpose.

ssBy Sensor Type, the market is primarily studied into:

·         Optical Sensor

·         Retinal Sensor

·         CMOS Fingerprint Sensors

Based on sensor type, CMOS Fingerprint Sensors dominates the market. The growing need for improved security and personalized vehicles is further acting as the market driver. Automotive OEMs are looking at methods to differentiate their vehicles from competitors. Biometric system is acting as a game changing for the OEMs.

By Vehicle Type, the market is primarily studied into:

·         Passenger Cars

·         Commercial Vehicles

Based on Vehicle Type, Passenger Cars segment dominates the market. Growing demand for luxury vehicles represents a possible growth opportunity for the market players.

By Sales Channel, the market is primarily studied into:

·         OEMs

·         Aftermarket

Based on Sales Channel, OEMs segment dominated the market in 2020. Major automotive OEMs including Ford, Mercedes, Volkswagen, and BMW among others are deploying vehicle biometrics systems in their high-end vehicles.

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sAutomotive Biometric Market Region Segmentation Includes:

·         North America

·         Europe

·         Asia-Pacific

·         Rest of World

Based on the estimation, Europe dominates the market. However, Asia-Pacific is expected to witness significant growth during the analysed period. Increasing demand for vehicles equipped with advanced technologies in countries such as China, India, Thailand, Singapore etc. is boosting the growth of the Automotive Biometric in the Asia-Pacific region.

The major players targeting the market includes:

·         Robert Bosch

·         Continental AG

·         Synaptics Incorporated

·         OSRAM Licht AG

·         Nuance Communications, Inc.

·         Fingerprints Cards AB

·         Hitachi, Ltd.

·         Safran S.A

·         Fujitsu Limited

·         IDEX Biometrics

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automotive Biometric Market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

·         What are the latest trends, new patterns, and advancements in the Automotive Biometric Market?

·         Which factors are influencing the Automotive Biometric Market over the forecast period?

·         What are the challenges, threats, and risks in the Automotive Biometric Market?

·         Which factors are propelling and restraining the Automotive Biometric Market?

·         What are the demanding regions of the Automotive Biometric globally?

·         What will be the market size in the upcoming years?

·         What are the crucial market acquisition strategies and policies applied by the companies?

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