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Biometric in the Automotive Sector Market Size, Share, Trends, Analysis and Forecasts To 2021

Tuesday, February 14, 2017 3:53
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(Before It's News)

Market Research analysts forecast the global biometric market in the automotive sector to grow at a CAGR of 19.37% during the period 2017-2021.

The following companies as the key players in the global biometric market in the automotive sector: BioEnable, Miaxis, Sonavation, Synaptics, and Techshino.

Other Prominent Vendors in the market are: BIODIT, DENSO, EyeLock, Fingerprint Cards, Fujitsu, HID Global, IriTech, KeyLemon, NEC, Nuance, Olea Sensor Networks, Safran, and VOXX International.

Download Sample Report @ https://marketreportscenter.com/request-sample/507611

Commenting on the report, an analyst from Reports team said: “One trend in market is need or user-friendly features in rapidly expanding car infotainment system. It is seen that in-car electronics generated more problems for users of cars from Cadillac, Ford, and Honda. The majority of the respondents reported frustrations while using car infotainment systems. We estimate that the use of biometric voice systems can be a solution to ameliorate problems associated with operating car infotainment systems such as car audio, communications, or navigation functions. This should offer better convenience to users. Biometric voice systems are built within the in-vehicle infotainment system and help the user to interact with the system.

According to the report, one driver in market is emerging markets driving the automotive sector. Over the past few years, the demand for automobiles from developed countries has been largely volatile due to the economic slowdown. However, the emerging markets depict a robust growth in the automobile sales due to strong economic growth, ideal demographics, and elevated purchasing power of consumers. The growth in emerging markets with ongoing industrialization and global trade activity, especially in the BRIC countries (Brazil, Russia, India, and China), have been vigorous. Over the past few years, China has maintained its position as the world’s largest automotive market. The automotive market in India is dynamic in nature and rapidly growing. Many auto OEMs are entering the market to tap its huge potential. The economic growth in the BRIC nations has propelled the growth rate for the automotive industry in present times.

Further, the report states that one challenge in market is low awareness level among consumers. The fact that the system is fail-safe is yet to penetrate the customers’ mindset, and thus, biometrics remains confined to luxury and mid-level cars. Therefore, the technology should be marketed aggressively so that the end-users are convinced of its robustness and security. Further, sources indicate that the system is quite capable of deleting a person’s data in error, and may deny vehicular access to any person if the vehicle’s owner refuse to do so. Such a situation may arise when a new (hired) driver takes to the wheel, or when the car changes ownership. The fear that an unwanted intruder (in the form of a former driver or former owner) may create a security threat is creating confusions and OEMs must tackle such issues before they gain consumer confidence. 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. 

About Biometric

Biometrics involves the authentication and identification of an individual by one or more unique biological traits such as fingerprint, facial, iris, voice, and vein recognition. Biometric technologies are considered to be more reliable when compared to authentication via numeric codes and physical devices. With advances in signal and image processing technologies, pattern recognition, and sensors and readers; a number of biometric technologies, such as a keystroke, ear, electroencephalogram or electrocardiogram (ECG), gait, and palm print recognition have been developed to enable foolproof identification of individuals. 

Complete Report Details @ https://marketreportscenter.com/reports/507611/global-biometric-market-in-the-automotive-sector-2017-2021

Covered in this report 

The report covers the present scenario and the growth prospects of the global biometric market in the automotive sector for 2017-2021. To calculate the market size, the report provides an exhaustive list of all global vendors that provide biometrics in the automotive sector.

The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Global Biometric Market in the Automotive Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
BioEnable
Miaxis
Sonavation
Synaptics
Techshino

Other prominent vendors 
BIODIT
DENSO
EyeLock
Fingerprint Cards
Fujitsu
HID Global 
IriTech
KeyLemon
NEC
Nuance
Olea Sensor Networks
Safran 
VOXX International

Market driver 
Emerging markets driving the automotive sector.
For a full, detailed list, view our report 

Market challenge 
Low awareness level among consumers.
For a full, detailed list, view our report 

Market trend 
Popularity of voice recognition biometrics in the automotive sector.
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

..…..Continued

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For more information, please visit https://marketreportscenter.com

For more information content with us;

Sam Collins

 

Market Reports Center 1-646-883-3044 (US)

info@marketreportscenter.com

https://marketreportscenter.com

 

Source: https://marketreportscenter.com/reports/507611/global-biometric-market-in-the-automotive-sector-2017-2021

 

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