January 07, 2021
According a recent research report titled ‘Global Automotive Biometric Identification System Market Analysis, 2020’, available with Market Study Report LLC, global automotive biometric identification system market is projected to exhibit a healthy growth rate of 22% over 2020-2025.
Global automotive biometric identification system market is largely driven by escalating demand for better car safety and security solutions in view of rising criminal activities and vehicle thefts. Moreover, increasing sales of luxury sales, and growing electrification of vehicles are adding momentum to the industry growth. Besides, growing number of connected cars and rising penetration of Internet of Things in the automotive industry are enhancing the industry outlook.
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Notably, car OEMs are increasingly focusing on integrating special features such as automatic locking and unlocking, ignition switch, and health monitoring solutions to gain competitive edge. In this regard, luxury automakers are introducing advanced biometric solutions in their vehicles. In fact, Jaguar Land Rover and Chrysler are planning to deploy facial recognition in cars by 2022.
Moreover, incorporation of wearable technology is expected to augment global automotive biometric identification system market growth in the coming years. This can be ascribed to rising inclination among automakers toward alliances with wearable manufacturing companies for innovations in products such as watches, eye wears, and headsets to access biometric system via Bluetooth or Wi-Fi.
Further, technological advancements will continue to push the boundaries of growth for global automotive biometric identification system market. For instance, SC1 Vision concept car by Karma Automotive features speech recognition as well as biometric authentication for both driver and passenger.
On the geographical front, Asia Pacific will contribute significantly to the overall automotive biometric identification system market remuneration during the forecast years, attributable to rising income levels which is boosting luxury car sales and accelerating technology adoption. Furthermore, high concentration of OEMs in China and India is proving beneficial for the industry expansion in the region.
Some of the renowned companies in global automotive biometric identification system market are Synaptics Inc., Assa Abloy AB, Fujitsu Ltd., Voxx International Corp., Methode Electronics, Inc., Fiat Chrysler Automobiles N.V., Tesla, Inc., Honda Motor Co., Ltd., and Nissan Motor Co., Ltd.