The global biometric in automotive market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Biometric in automotive is defined as a system that works on various biometric scanners, authenticators and enables personalized technology that is integrated into automobiles to operate the system of the vehicle and elevates the efficiency and safety of driver with the vehicle. In automotive, the biometric system includes multimedia, contacts, playlists, and preferred apps access over a sensor-based navigation technology that is implemented in a vehicle to access their function on the basis of biometric solutions.
The increasing regulations and awareness for safety concerns regarding drivers and passengers in the vehicle are expected to flourish the growth of the market. Rising government initiatives and investments in the automotive sector with advancements in technologies are further anticipated to boost the global biometric in automotive market. Additionally, the gradually increasing adoption of autonomous vehicles and electric vehicle is projected to drive the growth of the market during the forecast period.
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Besides, among others are some major key players in the global biometric in automotive market that adopted various strategies including- product launches, market expansion, research & developments, mergers & acquisitions, and others to witness exponential growth for the market. In September 2020, Cerence announced a collaboration with BJEV. The acquisition is to deploy a personalized and intelligent voice assistant experience in the vehicle with a speech-enabled application. These applications were installed in BJEV ARCFOX electric SUV and the infotainment experience is powered by Cerence that is anticipated to drive their product portfolio.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
· By Type
· By Scanner Type
· Competitive Landscape- Synaptics Inc., Fujitsu Ltd., Continental AG, Assa Abloy AB, and others.
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominates the market in base year?
· Which segment and region will project fastest growth in the market?
· How COVID-19 impacted the market?
· Recovery Timeline
· Deviation from pre-COVID forecast
· Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Global Biometric in Automotive Market is Available at: https://www.omrglobal.com/industry-reports/biometric-in-automotive-market
Global Biometric in Automotive Market Report Segment
By Type
· Hardware
· Software
By Scanner Type
· Fingerprint Recognition
· Iris Recognition
· Palm Recognition
· Facial Recognition
· Voice Recognition
· Others Scanner Types
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
