The global automotive biometric driver identification system market is projected to grow at a CAGR of 24% during 2019 to 2024. The growth of automotive biometric driver identification system market is driven by growing demand for connected and autonomous cars, increasing use of smartphone enabled functions, and increasing demand for data-driven services within the vehicles.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the automotive
biometric driver identification system market by identification techniques
(fingerprint recognition, iris recognition, and face recognition), application
(engine start-stop system, biometric vehicle access system, memory steering,
memory seats, and infotainment system), end use (passenger car [small car, compact
car, mid-size car, large car, SUVS & crossovers], light commercial
vehicles, and electric vehicles), and region (North America, Europe, Asia
Pacific, Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the automotive biometric driver identification
system market?
Q.4 What are some
changing demands of customers in the automotive biometric driver identification
system market?
Q.5 What are the new
developments in the automotive biometric driver identification system market?
Which companies are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this automotive biometric driver
identification system area and how big of a threat do they pose for loss of
market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this automotive biometric driver
identification system market?
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Market Segmentation:
Based on end use, the
automotive biometric driver identification system market is segmented into
passenger car [small car, compact car, mid-size car, large car, SUVS &
crossovers], light commercial vehicles, and electric vehicles). The luxury car
segment accounted for the largest share of the market in 2020 and is expected
to register the highest CAGR during the forecast period.
North America will
remain the largest region over the forecast period due to the stringent
government regulations, rapid adoption of radar-based safety features, and high
demand for premium cars.
Key Players in the
automotive biometric driver identification system market are Bayometric, Ams,
BIODIT, Bio enable Technologies, Continental, Denso Corporation, Fujitsu,
Fingerprint Cards, Gentex Corporation, HID Corporation/ASSA ABLOY, Hitachi,
IRITECH, Methode Electronics, Mitsubishi Electric, Nuance Communications,
Robert Bosch, Safran, Sensory, Sonavation, Synaptic.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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