Biometrics are in high demand in the retail and e-commerce industries, as businesses seek a deeper understanding of in-store consumer behaviour.

 Biometrics in Automotive  Market Report Overview:

Biometrics in Automotive Market size was valued at US$ 2.90 Billion in 2023 and the total Biometrics in Automotive Market revenue is expected to grow at 22.5% through 2024 to 2030. reaching nearly US$ 11.93 Billion.

Forecasts of sales and revenue for the blockchain in the logistics sector have been made available; they are categorized by kind, application, and geography. The market research on 3D printing for cars covers a thorough examination of the top suppliers, distributors, market share, changing pricing trends, and the raw material supply chain.

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Biometrics in Automotive  Market Scope and Research Methodology

The need for biometric solutions has increased as the necessity for precise access control systems has grown throughout business organizations. Fingerprint recognition is the most common biometrics technology, and it is regarded perfect for ensuring precise employee identification and automatically tracking attendance.

Meanwhile, facial recognition is gaining acceptance, particularly in government agencies for tracking criminals. These organizations employ facial recognition technology to compare the attributes of a person’s face in real time to a database of people who have been banned.

 Biometrics in Automotive Market Segmentation:

Because of the rising popularity of mobile devices and biometric systems, fingerprint recognition technology has advanced quickly in recent years. Security and access control functions are the most common uses for it.

Fast-track technical developments in this market, such as in display solutions, came as a result of this.

The growing popularity of fingerprint sensors in consumer products is projected to provide considerable prospects for their use in the automotive industry.

Global fingerprint sensing shipments are estimated to reach around 1.1 billion units in 2020, according to Credit Suisse, representing a predicted growth of more than 200 million units in three years. Because the cost of fingerprint sensors is lowering, it is becoming more affordable for many manufacturers to use them in their future vehicles without dramatically increasing the vehicle’s price.

Early adoption has spurred competitors to provide comparable solutions. The average selling price of fingerprint sensors has dropped from USD 5.5 in 2014 to USD 2.1 in 2019, with a target of USD 2 in 2020.

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Biometrics in Automotive  Market Key Players:

Synaptics Incorporated (USA)
Fingerprint Cards AB (Sweden)
Aware Inc. (USA)
Cerence Inc. (Nuance Communications Inc.) (USA)
Continental AG (Germany)
Sensory Inc. (USA)
Shenzhen Goodix Technology Co. Ltd. (China)
B-Secur Ltd. (India)
EyeLock Inc. (USA)
Precise Biometrics AB? (Sweden)

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Biometrics in Automotive  Market Regional Analysis:

North America is home to one of the world’s largest automotive manufacturing hubs. In recent years, the automotive industry has experienced only minor development.

The used automobile industry in this region is fiercely competitive, accounting for nearly 75% of total auto sales in the United States in 2018, according to US Bureau of Economic Analysis figures.

 Key Questions answered in the Biometrics in Automotive Market Report are:

• What is the expected CAGR of the Biometrics in Automotive  Market during the forecast?
• What is the expected Biometrics in Automotive  Market size during the forecast period?
• Which regional Biometrics in Automotive  Market is expected to hold the largest share during the forecast period?
• What are the market segments?
• Which production technology is utilized for Biometrics in Automotive?
• What trends are driving the market growth?
• Who are the global key players in the Biometrics in Automotive  Market?
• What is the global market status of the Biometrics in Automotive  Market?
• What was the volume, manufacture value, price, and revenue of the Biometrics in Automotive  Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by Different Segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis of the segments and their sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations