The global report dealing with the changes in the Automotive Biometric Market is set to cross a valuation worth USD 1,128 million by 2025 while moving forward with a 12% CAGR for the forecast period of 2019 to 2025. Market Research Future (MRFR) includes details and discusses possibilities of the market by analyzing factors like the impact of stringent safety protocols, growing inclusion of methods to lessen the contact, development of the automotive infrastructure in emerging countries, growing consumption capacity, and others. Increasing investment to back research and development and collaboration between brands are expected to provide thrust to the global Automotive Biometric Market Size as well.
MRFR analysts have segmented the global automotive biometric market on the basis of application, vehicle type, and technology to get data that would help in forming insights. Such insights can assist in developing tactical moves and spurring the profit margin.
By technology, the global study of the automotive biometric market includes a study of face recognition, fingerprint scan, voice recognition, and others. The fingerprint scan segment had the largest market share in 2018.
By vehicle type, the report on the Automotive Biometric Market has been segmented into passenger cars and commercial vehicles. The passenger car segment reported the largest market share in 2018 and it would continue its dominance during the forecast period.
By application, the global discussion on the automotive biometric market includes segments like driver safety system, vehicle security system, and advanced steering and infotainment. The vehicle security system segment had the largest market share and it will retain its position over the review period.
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In 2018, North America led the global market and it is expected to continue its influence over the market during the review period. High investment capacity and the inclusion of advanced technologies are expected to boost the regional market.
Synaptics Incorporated (US), Fujitsu Ltd (Japan), VOXX International (US), Methode Electronics (US), Hitachi Ltd (Japan), Voicebox Technologies (US), Nuance Communications (US), Safran S.A (France), Fingerprint Cards AB (Sweden), Hid-Global (US), and others are companies that have been included for a comprehensive study of the Automotive Biometric Market.
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