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.
Technavio’s analysts forecast the global biometric market in the automotive sector to grow at a CAGR of 19.37% during the period 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:
Technavio Announces the Publication of its Research Report – Global Biometric Market in the Automotive Sector 2017-2021
Technavio recognizes 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.
Commenting on the report, an analyst from Technavio’s 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.
BioEnable, Miaxis, Sonavation, Synaptics, Techshino, BIODIT, DENSO, EyeLock, Fingerprint Cards, Fujitsu, HID Global, IriTech, KeyLemon, NEC, Nuance, Olea Sensor Networks, Safran, VOXX International.