Technavio, a tech-focused market research organization, has published a new report on the global biometric market in the automotive sector, which is expected to grow at a CAGR of more than 19% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global biometric market in the automotive sector into the following key regions: the Americas, APAC, and EMEA.
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Global biometric market in the automotive sector in EMEA: The increasing demand for semi-autonomous vehicles will fuel the growth of the EMEA market. The vendors in the market are investing in the research of biometric vehicle access systems that meet the stringent safety standards implemented by the government in the region. As a result, OEMs in the market are focusing on developing enhanced entry systems that deal with lock-break equipment, such as lock picks, keyless entry bypass systems, electronic decoders, and readers.
According to Amrita Choudhury, a lead analyst at Technavio, specializing in research on IT security, “The introduction of remote and passive keyless entry systems that reduce the risk of theft will revolutionize the market in this region. Furthermore, it is estimated that recent product research and development to improve the reliability and functionality of an access control system will increase the demand for these products in the market.”
Global biometric market in the automotive sector in the Americas: The increasing adoption of enhanced security systems, such as remote and passive keyless entry systems, anti-theft alarm systems, and powerful vehicle tracking systems will boost the demand for intelligent automotive devices in the American market. The OEMs in the American market are focusing on introducing biometric security features in the entry- and mid-level segments to expand their consumer base and increase their profitability.
Global biometric market in the automotive sector in APAC: Increasing investments in technology and production by leading luxury car manufacturers will help in the development of the market in APAC. The economic development and increase in purchasing power will drive the demand for advanced biometric access systems in this region. China, India, Japan, and South Korea will emerge as the key revenue contributors in the APAC market.
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The top vendors operating in the global biometric market in the automotive sector are:
- BioEnable
- Miaxis
- Sonavation
- Synaptics
- Techshino
Other prominent vendors in the market include BIODIT, DENSO, EyeLock, Fingerprint Cards, Fujitsu, HID Global, IriTech, KeyLemon, NEC, Nuance, Olea Sensor Networks, Safran, and VOXX International.
A comprehensive study is available in the Technavio report titled, ‘Global Biometric Market in the Automotive Sector 2017-2021’. Technavio also customizes reports by additional regions and specific segments upon request.
Other related reports:
- Global Voice Recognition Biometrics Market 2017-2021
- Global Biometric Sensors Market 2016-2020
- Global Automotive Immobilizer Market 2016-2020
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