Biometrics in Automotive Market Overview:
A research team conducted extensive primary and secondary research for the Biometrics in Automotive market analysis of the global industry. Secondary research was conducted to supplement the available information, segment the market, calculate the overall market size, and forecast market size and growth rate.
The market’s numerous users are discussed, along with the factors driving the global Biometrics in Automotive market’s growth. Market participants, geographic areas, and particular requirements all contribute data. This study proposal is ready for the market and provides a thorough overview of all the important advancements that are currently prevalent across all market segments. Presenting key data analysis as statistics, infographics, and presentations is recommended.
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Biometrics in Automotive Market Dynamics:
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.
Fingerprint Sensors: New segment is dominating the market:
The popularity of mobile devices and biometric systems has accelerated the development of fingerprint recognition technology recently. The main applications for it are security and access control. This led to rapid technological advancements in this market, including display solutions. The use of fingerprint sensors in the automotive industry is expected to have a lot of potential given their rising popularity in consumer goods. According to Credit Suisse, worldwide shipments of fingerprint sensors are expected to reach 1.1 billion units in 2020, an increase of more than 200 million units in just three years.
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Biometrics in Automotive Market Key players:
- 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)
COVID-19 Impact on Biometrics in Automotive market:
The COVID-19 outbreak has had a significant impact on the Biometrics in Automotive market. Due to the global economic downturn and a labour shortage, the development of Biometrics in Automotive production facilities has been put on hold. The COVID-19 pandemic has caused a significant and sustained decline in production utilisation. Additionally, staff visits to their facilities have been hindered by travel restrictions and facility closures, which will restrain the growth of the Biometrics in Automotive market in 2020. However, given the high demand for Biometrics in Automotive, the market effects of COVID-19 are anticipated to be transient. By the beginning of 2021, the industry is anticipated to fully recover.
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