Press release
Biometric In The Automotive Market to Grow at 21.03 CAGR, as Demand for Electric Vehicle Surges
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The global biometric in the automotive market reached a promising valuation of over USD210 million in 2020. The market is expected to rise at robust CAGR of 21.03% during the 2021-2028 period to reach over USD750 million in valuation by end of 2028 period. The rising demand for adoption of digital technology in automotive, and resounding success of carmakers like Tesla, and promise of complete electrification of all vehicles by 2030, promises a tremendous growth in the market. The biometric devices will be essential for security of digital technology in vehicles, as it offers more security from fallibility of digitalization. It has been documented in recent times that electric vehicles are more prone to risks of hacking, and thefts due to their digital nature. Furthermore, the additional security measures like biometrics also add a premium feature, which are highly in demand among consumers, and increase the ‘oomph’ factor associated with next-gen vehicles. The growing demand for electric vehicles, rising demand for biometric-based safety, and growing introduction of premium electric vehicle brands will drive tremendous growth for the biometric in automotive market during the 2021-2028 period.
Market Segmented are as Follows:
Key players in the global Biometric In The Automotive market covered in Chapter 13:
⦿ Sensory Inc.
⦿ B-Secur Ltd.
⦿ Synaptics Incorporated
⦿ EyeLock Inc.
⦿ Fingerprint Cards AB
⦿ VOXX International Corp.
⦿ Continental AG
⦿ Nuance Communications Inc.
⦿ HID Global Corporation
⦿ Shenzhen Goodix Technology Co. Ltd.
In Chapter 6, on the basis of types, the Biometric In The Automotive market from 2015 to 2025 is primarily split into:
⦿ Hardware
⦿ Software
In Chapter 7, on the basis of applications, the Biometric In The Automotive market from 2015 to 2025 covers:
⦿ Fingerprint Recognition
⦿ Iris Recognition
⦿ Palm Recognition
⦿ Facial Recognition
⦿ Voice Recognition
⦿ Others Sconner Type
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Impact of COVID-19 on Biometric In The Automotive Industry: The covid-19 impact like most markets has resulted in sharp slowdown in sales of automotive vehicles. According to the European Automobile Manufacturers Association, the production halts during the pandemic resulted in losses of 2,446,344 vehicles in the European region. However, the slowdown has not remained similar across the board. For example, key targets of biometric technology, the electric vehicle witnessed sharp increase in demand despite slowdown across the board. Furthermore, agencies like International Energy Agency estimated that many consumers are waiting for the best and the latest model of electric vehicle as competition intensifies, which will boost growth as global economy comes back to normal levels. The growth of the automotive industry, and rising demand for premium electric vehicles will remain a promising driver of growth for players in the biometric in the automotive market in the near future.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
⇨ Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
⇨ Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
⇨ North America (the United States, Mexico, and Canada.)
⇨ South America (Brazil etc.)
⇨ The Middle East and Africa (GCC Countries and Egypt.)
Table of Contents
Global Biometric In The Automotive Market 2015-2026, With Breakdown Data of Capacity, Sales, Production, Export, Import, Revenue, Price, Cost and Gross Margin
Chapter 1: Biometric In The Automotive Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
Chapter 2: Biometric In The Automotive Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
Chapter 3: Biometric In The Automotive Market Forces
3.1 Global Biometric In The Automotive Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
Chapter 4: Biometric In The Automotive Market - By Geography
Chapter 5: Biometric In The Automotive Market - By Trade Statistics
Chapter 6: Biometric In The Automotive Market - By Type
Chapter 7: Biometric In The Automotive Market - By Application
Chapter 8: North America Biometric In The Automotive Market
Chapter 9: Europe Biometric In The Automotive Market Analysis
Chapter 10: Asia-Pacific Biometric In The Automotive Market Analysis
Chapter 11: Middle East and Africa Biometric In The Automotive Market Analysis
Chapter 12: South America Biometric In The Automotive Market Analysis
Chapter 13: Company Profiles
Chapter 14: Market Forecast - By Regions
Chapter 15: Market Forecast - By Type and Applications
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The Biometric In The Automotive Research/Analysis Report addresses the following questions:
➊ Which Manufacturing Technologies are prevalent in the production of Biometric In The Automotive? What are the Recent Developments relating to that technology? Which Trends are responsible for these developments?
➋ Who are the leading vendors in the global Biometric In The Automotive market? What are their individual market standing and contact information?
➌ What is the current industrial scenario of the global Biometric In The Automotive market? What were the Value, Volume, Production Capacity, Cost, and Profit Margin of the overall market?
➍ What is the outcome of the competitive analysis on the market, both in terms of companies and regions? What is the market assessment for the Biometric In The Automotive as per the market segmented into types and applications?
➎ What are the predictions for the global Biometric In The Automotive in terms of capacity, production, and production value? What is the estimated cost and profit that the market will garner in the forecast period? What are the speculated market share and rates of production and consumption? What is the import/export status of the market?
➏ What is the outcome of the value chain analysis of the Biometric In The Automotive in terms of upstream and downstream industries?
➐ Which economic factors are expected to impact the future of the Biometric In The Automotive? What are the existing micro- and macro-economic elements influencing the industry? What are the development trends visible in the current economic setting?
➑ What is the Market Dynamics of the Biometric In The Automotive? What are the emerging threats and prospects in the market?
➒ What are the optimum strategies that companies should implement? What are the most lucrative countermeasures that will allow readers to capitalize on the economic conditions and distribution channels?
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